Common use of Close Out Procedures Clause in Contracts

Close Out Procedures. Upon the issuance of a Certificate of Completion the Redeveloper shall send written notice by certified mail to the Escrowee requesting that the remaining balance of the Escrow Deposit be refunded, or otherwise applied in accordance with the provisions of the Redevelopment Agreement. After receipt of such notice, and within 30 days of Escrowee’s receipt of all outstanding

Appears in 2 contracts

Sources: Redevelopment Agreement, Redevelopment Agreement