Title Agent. The Escrow Agent, as agent for the Title Company, agrees with Seller and Purchaser that: (i) recordation of the Deed constitutes the Escrow Agent’s representation that it is holding the closing documents, closing funds and closing statement and is prepared and irrevocably committed to disburse the closing funds in accordance with the closing statements; and (ii) the release of funds to the Seller shall irrevocably commit Title Company to issue the Title Policy in accordance with this Agreement.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Lease Agreement