Common use of XXXXXXX MONEY ESCROW Clause in Contracts

XXXXXXX MONEY ESCROW. Simultaneously with the execution and delivery of this Contract by Buyer and Seller, Buyer shall deposit the Xxxxxxx Money Deposit (which shall be considered the “Xxxxxxx Money”) with Lane & Xxxxxxxx LLP, as escrow agent (“Escrow Agent”), to be held in an escrow account for the mutual benefit of Seller and Buyer, and disbursed according to the terms of this Contract. Buyer acknowledges and agrees that Escrow Agent is authorized to wire the Xxxxxxx Money Deposit to the Title Company to complete Closing, no less than one (1) business day prior to the Closing Date to be held and applied toward the Purchase Price.

XXXXXXX MONEY ESCROW. Simultaneously with the execution and delivery of this Contract by Buyer Xxxxx and Seller, Buyer shall deposit the Xxxxxxx Money Deposit (which shall be considered the “Xxxxxxx Money”) with Lane & Xxxxxxxx LLPReal Estate and Auction Company, Inc., as escrow agent (“"Escrow Agent”"), to be held in an a non-interest bearing escrow account for the mutual benefit of Seller and Buyer, and disbursed according to the terms of this Contract. Buyer Xxxxx acknowledges and agrees that Escrow Agent is authorized to wire the Xxxxxxx Money Deposit to the Title Company to complete Closing, Closing Agent no less than one (1) business day prior to the Closing Date to be held by the Closing Agent and applied toward the Purchase Price.