Escrow Holdbacks Clause Samples

The Escrow Holdbacks clause establishes that a portion of the purchase price or payment is temporarily withheld in an escrow account after a transaction closes. This retained amount is typically used to cover potential post-closing obligations, such as repairs, indemnity claims, or unresolved contingencies, and is released once specified conditions are met or after a set period. By doing so, the clause protects the buyer or other parties from unforeseen liabilities and ensures that the seller fulfills all agreed-upon responsibilities, thereby reducing risk and promoting trust in the transaction.
Escrow Holdbacks. The Mortgage Loan is not subject to outstanding escrow holdbacks except those specifically identified by Seller as defined in the Takeout Guidelines.
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Related to Escrow Holdbacks

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.