Closing Funds definition

Closing Funds. As defined in Section 4.4.
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Closing Funds means the gross or net proceeds of the real estate transaction, including any loan funds, to be disbursed by the settlement agent as part of the disbursement of settlement proceeds on behalf of the parties.
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Closing Funds shall have the meaning assigned thereto in Section 2.2(a)(iii).
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Examples of Closing Funds in a sentence

  • Closing Funds The budgeted closing funds fluctuate throughout the year, due to the ongoing impact of Council decisions and budget recognition of additional revenue and costs.

  • Broker Dealer shall invoice the Issuer for all Reimbursable Expenses not deducted from the Closing Funds.

  • If Paragraph 6(b) is checked and Closing Funds from Buyer’s lender(s) are not 52 available on Closing Date due to Consumer Financial Protection Bureau Closing Disclosure delivery requirements 53 (“CFPB Requirements), if applicable, then Closing Date shall be extended for such period necessary to satisfy 54 CFPB Requirements, provided such period shall not exceed 10 days.

  • You have received the Loan Proceeds and all other funds necessary to close the transaction, if any (collectively, the “Closing Funds”) and are prepared to immediately disburse the Closing Funds in accordance with the Settlement Statement upon proper authorization in accordance with these Closing Instructions.

  • The purchase price to be paid is: 37 $ , U.S. Dollars, 38 (“Purchase Price”) which shall be disbursed at Buyer’s expense and paid to Seller or Seller’s Closing Agency in the 39 same form as deemed acceptable under the Tennessee Residential Closing Funds Distribution Act of 2005, as amended 40 in Tenn.


More Definitions of Closing Funds

Closing Funds means the money necessary to complete or close a transaction in real estate; “transaction in real estate” means,
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Closing Funds is defined in Section 2.1.
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Closing Funds means $2,470,000.
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Closing Funds has the meaning ascribed to it in Section 2.4.
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Closing Funds is defined in paragraph 5(b) of this Agreement.
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Closing Funds means the aggregate amount to be provided pursuant to the Equity Financing and the Debt Financing;
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Closing Funds. ’ means funds collected and disbursed at real estate closing.
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