Disbursements and Other Actions to be taken by Escrow Agent Sample Clauses

Disbursements and Other Actions to be taken by Escrow Agent. At the Close of Escrow, Escrow Agent shall promptly undertake all of the following: 1. Pay the Purchase Price to City. 2. Cause the Grant Deed and any other documents which the Parties may mutually direct, to be recorded in the Official Records, and obtain conformed copies thereof for distribution to City and Developer. 3. Direct the Title Company to issue the Title Insurance Policy to Developer. 4. Prepare and distribute to Developer and City each, copies of both Parties’ escrow closing statements and a complete copy of all documents handled by escrow. Escrow Agent agrees that release of funds to City shall irrevocably commit Escrow Agent, on behalf of Title Company, to issue the Title Insurance Policy in accordance with this Agreement. SECTION 210 Title Insurance Concurrent with recordation of the Grant Deed, the Title Company shall provide and deliver the Title Insurance Policy to Developer. Developer shall be responsible for paying the title insurance premium for the Title Insurance Policy, including any special coverage or endorsements thereto. City shall have no responsibility for paying the cost of the portion of the premium for the Title Insurance Policy.
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Disbursements and Other Actions to be taken by Escrow Agent. At the Close of Escrow, Escrow Agent shall promptly undertake all of the following in the manner hereinbelow indicated: 1. Pay the Purchase Price to Agency. 2. Cause the Grant Deed and any other documents which the parties may mutually direct, to be recorded in the Official Records, and obtain conformed copies thereof for distribution to Agency and Developer. 3. Direct the Title Company to issue the Title Insurance Policies to Developer. 4. Prepare and distribute to Developer and Agency each, copies of both parties’ escrow closing statements and a complete copy of all documents handled by escrow. Escrow Agent agrees that release of funds to Agency shall irrevocably commit Escrow Agent, on behalf of Title Company, to issue the Title Insurance Policies in accordance with this Agreement. SECTION 212 Title Insurance Concurrent with recordation of the Grant Deed, the Title Company shall provide and deliver the Title Insurance Policies to Developer. Developer shall be responsible for paying the title insurance premium for the Title Insurance Policies, including any special coverage or endorsements thereto. Agency shall have no responsibility for paying the cost of any portion of the premium for the Title Insurance Policies.‌‌‌‌‌‌‌‌ SECTION 213 Taxes and Assessments Ad valorem taxes and assessments, if any, on the Property, and taxes upon this Agreement or any rights hereunder, levied, assessed or imposed for any period, commencing prior to conveyance of title or possession of the Property to Developer, whichever occurs first, shall be borne by Agency. All ad valorem taxes and assessments levied or imposed for any period commencing after conveyance of title or possession of any other parties of the Property to Developer shall be paid by Developer.
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Disbursements and Other Actions to be taken by Escrow Agent. At the Close of Escrow, Escrow Agent shall promptly undertake all of the following: 1. Deliver the Purchase Price to City (net of charges Approved by the Mayor); 2. Cause the Grant Deed and any other documents which the Parties may mutually direct, to be recorded in the Official Records, and obtain conformed copies thereof for distribution to City and Developer; 3. Cause other documents which the Developer, any Mortgagee or any Tax Credit Equity Investor may direct to be recorded in the Official Records; 4. Direct the Title Company to issue the Title Insurance Policy to Developer; and 5. Prepare and distribute to Developer and City each, copies of both Parties’ escrow closing statements and a complete copy of all documents delivered to or handled by Escrow Agent. Escrow Agent agrees that release of funds to City shall irrevocably commit Escrow Agent, on behalf of Title Company, to issue the Title Insurance Policy in accordance with this Agreement. SECTION 210 Title Insurance
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Disbursements and Other Actions to be taken by Escrow Agent. At the Close of Escrow, Escrow Agent shall promptly undertake all of the following in the manner hereinbelow indicated: 1. Pay the Purchase Price to Agency. 2. Cause the Grant Deed and any other documents which the parties may mutually direct, to be recorded in the Official Records, and obtain conformed copies thereof for distribution to Agency and Developer.‌ 3. Direct the Title Company to issue the Title Insurance Policies to Developer. 4. Prepare and distribute to Developer and Agency each, copies of both parties’ escrow closing statements and a complete copy of all documents handled by escrow. Escrow Agent agrees that release of funds to Agency shall irrevocably commit Escrow Agent, on behalf of Title Company, to issue the Title Insurance Policies in accordance with this Agreement. SECTION 212 Title Insurance Concurrent with recordation of the Grant Deed, the Title Company shall provide and deliver the Title Insurance Policies to Developer. Developer shall be responsible for paying the title insurance premium for the Title Insurance Policies, including any special coverage or endorsements thereto. Agency shall have no responsibility for paying the cost of any portion of the premium for the Title Insurance Policies.‌
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Related to Disbursements and Other Actions to be taken by Escrow Agent

  • Litigation and Other Notices Furnish to the Administrative Agent (which will promptly thereafter furnish to the Lenders) written notice of the following promptly after any Responsible Officer of the Company obtains actual knowledge thereof: (a) any Event of Default or Default, specifying the nature and extent thereof and the corrective action (if any) proposed to be taken with respect thereto; (b) the filing or commencement of, or any written threat or notice of intention of any person to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental Authority or in arbitration, against any Loan Party or any Subsidiary as to which an adverse determination is reasonably probable and which, if adversely determined, would reasonably be expected to have a Material Adverse Effect; (c) any other development specific to any Loan Party or any Subsidiary that is not a matter of general public knowledge and that has had, or would reasonably be expected to have, a Material Adverse Effect; (d) the development of any ERISA Event that, together with all other ERISA Events that have developed or occurred, would reasonably be expected to have a Material Adverse Effect; and (e) any change in the information provided in the Beneficial Ownership Certification delivered to such Lender that would result in a change to the list of beneficial owners identified in such certification.

  • Voting and Other Action Neither PFPC Trust nor its nominee shall vote any of the securities held pursuant to this Agreement by or for the account of the Fund, except in accordance with Written Instructions. PFPC Trust, directly or through the use of another entity, shall execute in blank and promptly deliver all notices, proxies and proxy soliciting materials received by PFPC Trust as custodian of the Property to the registered holder of such securities. If the registered holder is not the Fund, then Written Instructions or Oral Instructions must designate the person who owns such securities.

  • Corporate and Other Proceedings All corporate and other proceedings, and all documents, instruments and other legal matters in connection with the transactions contemplated by this Amendment shall be reasonably satisfactory in all respects to the Administrative Agent;

  • Agreements and Other Documents 29 3.23 Solvency....................................................................................... 29 3.24

  • Voting Rights and Other Actions 14 SECTION 4.1. Prior Notice to Certificateholder with Respect to Certain Matters..................14 SECTION 4.2. Action by Certificateholder with Respect to Certain Matters........................15 SECTION 4.3. Restrictions on Certificateholder's Power..........................................15 SECTION 4.4. Rights of Note Insurer.............................................................15