Common use of Discharge of Escrow Agent Clause in Contracts

Discharge of Escrow Agent. Upon completion of the disbursement of the Defeasance Deposit and delivery of instruments, if any, in accordance with this Agreement, Escrow Agent shall be automatically released and discharged of its escrow obligations hereunder.

Appears in 3 contracts

Sources: Interest Purchase and Sale Agreement (Windrose Medical Properties Trust), Purchase and Sale Agreement (Windrose Medical Properties Trust), Purchase and Sale Agreement (Windrose Medical Properties Trust)