Close of Escrow definition

Close of Escrow means the date of the close of escrow between the builder and the original homeowner. With respect to claims by an association, as defined in Section 4080, “close of escrow” means the date of substantial completion, as defined in Section 337.15 of the Code of Civil Procedure, or the date the builder relinquishes control over the association’s ability to decide whether to initiate a claim under this title, whichever is later.

Close of Escrow means the fulfillment of the Escrow terms and conclusion of the Escrow, including, without limitation, the execution of unexecuted documents, the recordation of documents specified for recording, the issuance of title insurance policies, the payment of fees and the delivery of funds and documents as directed in the escrow instructions for the Escrow. The Close of Escrow shall occur on the Closing Date.

Close of Escrow or “Closing” means the date Escrow Holder records the Deed in favor of Buyer. The Closing shall take place on the Closing Date set forth in Section 1.5.1, as the same may be extended, provided all conditions to the Closing have been satisfied or duly waived as provided herein.

Examples of Close of Escrow in a sentence

• The initial One Time Payment fee and initial Annual Fee will be payable to the County at the Close of Escrow.

• The Borrower has submitted to the County and the County has approved in the exercise of its discretion evidence that the funds identified as committed to the acquisition of the Property in the approved Financing Plan to be ATTACHMENT N 1 available on the Conversion Date are in fact unconditionally and readily available to Borrower for the Property as of the Close of Escrow.

• All federal, state, county, and municipal taxes required to be paid by the Borrower or on account of the Property have been paid in full as of the date of this Agreement or will be paid in full by the Close of Escrow.

• When all the conditions to disbursement have been satisfied, the County shall deposit the Loan with the Escrowholder for disbursement upon the Close of Escrow with the Permanent Lender in accordance with the terms of separate written escrow instructions between the County and Borrower.

• No waiver of any of the conditions to the Close of Escrow and disbursement of the Loan shall be permitted unless agreed to in writing by the Director.

More Definitions of Close of Escrow

Close of Escrow means the consummation of the purchase of the Property by Buyer from Seller and the recordation of Seller's Grant Deed(s) in accordance with the terms and provisions of this Agreement. 1.8

Close of Escrow are terms used interchangeably in this Agreement. The Closing or the Close of Escrow will be deemed to have occurred when the Grant Deed is recorded in the official records of the county in which the Property is located.

Close of Escrow means the moment when all the parties to escrow have fully performed their respective duties as provided in paragraphs (d) and (e) below, respectively, and the Escrow Holder has filed the documents for record and made distributions. Title shall be conveyed and possession delivered to Buyer upon Close of Escrow and recordation of the grant deed.

Close of Escrow shall have the meaning set forth in SECTION 4.7.2.

Close of Escrow or “Closing” means the date Escrow Holder disburses funds in accordance with this Agreement and is irrevocably committed to record the Deed in favor of Buyer.

Close of Escrow means the time of recording of the Grant Deed in the Official Records.

Close of Escrow means and refer to Seller’s receipt of the Purchase Price and the other amounts due Seller in accordance with the provisions of Section 9.1(b) below. The Escrow and Buyer’s right to purchase the Real Property will terminate automatically if the Close of Escrow does not occur on or before 1:45 p.m. (California time) on the Closing Date.