Common use of Escrow of Deposit Clause in Contracts

Escrow of Deposit. The Deposit shall be held in escrow (the “Escrow”) by Seller subject to the terms and provisions of this Contract. At Closing, in accordance with the terms of this Contract, the full amount of the Deposit shall be retained by Seller as a portion of the Purchase Price.

Appears in 4 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement