Escrow Provision. The Title Company shall establish separate interest-bearing escrow accounts, one for each Exchange Parcels. The Exchange Property Credit shall be held by the Title Company, in trust, in accordance with the following terms and conditions: (a) The Title Company, shall not be liable to any party for holding the Exchange Property Credit in escrow in accordance with the provisions of this Section 12.13 in the event of any contested claims by either party relating to any Exchange Contract.
Appears in 2 contracts
Sources: Purchase Agreement, Purchase Agreement