Common use of Closing the Account Clause in Contracts

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Bishop Powers, Ltd." (the "Account"). Unless and until there is a dexxxxx bx Xxxxop pursuant to Paragraph 3 following, interest accruing on the Axxxxxx shall be paid monthly to Bishop.

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Bishop Powers, Ltd." (the "Account"). Unless and until there is a dexxxxx bx Xxxxop pursuant to Paragraph 3 following, interest Interest accruing on the Axxxxxx shall be paid monthly to BishopAccoxxx xxall retained in the Account until disbursed in accordance with this Escrow Agreement.

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Bishop Powers, Ltd." (the "Account"). Unless and until there is a dexxxxx bx Xxxxop pursuant to Paragraph 3 following, interest accruing on the Axxxxxx shall be paid monthly to Bishop.

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Bishop Xxxxxx Powers, Ltd." (the "Account"). Unless and until there is a dexxxxx bx Xxxxop default by Xxxxxx pursuant to Paragraph 3 following, interest accruing on the Axxxxxx Account shall be paid monthly to BishopXxxxxx.

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Bishop Powers, Ltd." (the "Account"). Unless and until there is a dexxxxx bx Xxxxop pursuant to Paragraph 3 following, interest Interest accruing on the Axxxxxx shall be paid monthly to BishopAccoxxx xxaxx xxxained in the Account until disbursed in accordance with this Escrow Agreement.

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Bishop Powers, Ltd." (the "Account"). Unless and until there is a dexxxxx bx Xxxxop x xxxxuxx xx Bishop pursuant to Paragraph 3 following, interest accruing on the Axxxxxx Xxxxxnt shall be paid monthly to Bishop.