Common use of Closing of Escrow Clause in Contracts

Closing of Escrow. FOR THE PURCHASE; EXTENSIONS The escrow for the purchase transaction will be scheduled to close no later than thirty (30) days after the opening of escrow (“the Close of Escrow”), which in most cases, will occur at the same time as the Purchase Contract is executed, unless escrow is extended or cancelled in accordance with the provisions of the Purchase Contract. The Buyer agree to pay all closing costs and other expenses as normally allocated to purchasers of real property in the area in which the Property is located and shall be obligated to pay the entire escrow fee.

Appears in 2 contracts

Sources: Sealed Bid Auction Agreement, Sealed Bid Auction Agreement

Closing of Escrow. FOR THE PURCHASE; EXTENSIONS The escrow for the purchase transaction will be scheduled to close no later than thirty (30) days after the opening of escrow (“the Close of Escrow”), which in most cases, will occur at the same time as the Purchase Contract is executed, unless escrow is extended or cancelled in accordance with the provisions of the Purchase Contract. The Buyer agree to pay all closing costs and other expenses as normally allocated to purchasers of real property in the area in which the Property is located and shall be obligated to pay the entire their own escrow fee.

Appears in 1 contract

Sources: Sealed Bid Auction Agreement