Common use of Actions of Closing Agent Clause in Contracts

Actions of Closing Agent. Closing Agent will: (i) prepare the Settlement Statement (as defined below) and obtain signed copies from Seller and Buyer; (ii) record the Deed through the appropriate recording office; (iii) deliver the Purchase Price and Remaining Balance, as appropriate, to Seller as set forth on the Settlement Statement; (iv) deliver the Title Policy to Buyer; (v) comply with the Holdback instructions; (vi) identify and collect necessary documents from Buyer, Seller and third-parties in order to facilitate the Closing; and (vii) deliver the above referenced documents to the applicable party.