Examples of Xxxxxxx Money Escrow Agent in a sentence
The undersigned parties hereby agree that upon a final judgment of any action with regard to a dispute as to the Xxxxxxx Money, Escrow Agent shall be reimbursed from the corpus of the amount interpleaded for any costs, expenses or attorney’s fees in excess of the severed and retained estimate, and will remit to the parties to the action any excess amount remaining after payment of all Escrow Agent’s costs, expenses and attorney’s fees, in accordance with any directive contained within the final judgment.
The Xxxxxxx Money Escrow Deposit shall be held and disbursed by Xxxxxxx Money Escrow Agent pursuant to the terms of the Xxxxxxx Money Escrow Agreement, appended hereto as Exhibit 14.1 (the "Xxxxxxx Money Escrow Agreement"), which Xxxxxxx Money Escrow Agreement has been entered into by the Seller, Buyer and Xxxxxxx Money Escrow Agent.
Burton, 133 W.Va. 40, 48 (1979); State ex rel U.S. Fidelity and guar.
If either party makes demand for the payment of the Xxxxxxx Money, Escrow Agent has the right to require from all parties and brokers a written release of liability of Escrow Agent for disbursement of the Xxxxxxx Money.
The parties hereto hereby acknowledge that the Escrow Agent shall have no liability to any party on account of its failure to disburse the Xxxxxxx Money; and, in the event of any dispute as to who is entitled to receive the Xxxxxxx Money, Escrow Agent shall have the right to retain the Xxxxxxx Money and disburse it in accordance with the final order of a court of competent jurisdiction or to deposit the Xxxxxxx Money with said court, pending a final decision of such controversy.