Common use of Disbursement of Purchase Price Clause in Contracts

Disbursement of Purchase Price. At Closing Escrow Holder shall disburse to Seller, in such manner and to such account as Seller shall specify in a separate written instruction to Escrow Holder, immediately available funds in the amount of the Purchase Price paid by Buyer for the Property as specified in Section 2 hereof (increased or decreased, as the case may be, by the net amount of the credits and debits to Seller’s account at Closing made by Escrow Holder in accordance with Sections 11 and 12 of this Agreement).

Appears in 2 contracts

Sources: Agreement of Purchase and Sale, Purchase and Sale Agreement (Esterline Technologies Corp)