Instructions to Escrow Agent. If either Seller or Purchaser becomes entitled to the E▇▇▇▇▇▇ Money upon termination of this Agreement in accordance with its terms, Purchaser and Seller agree to deliver a letter of instruction to the Escrow Agent directing disbursement of the E▇▇▇▇▇▇ Money to the party entitled thereto.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Moody National REIT II, Inc.), Purchase and Sale Agreement (Moody National REIT II, Inc.)
Instructions to Escrow Agent. If either Seller or Purchaser becomes entitled to the E▇▇▇▇▇▇ Money upon termination of this Agreement in accordance with its terms, Purchaser and Seller agree to deliver a letter of instruction to the Escrow Agent directing disbursement of the E▇▇▇▇▇▇ Money to the party entitled theretothereto within one (1) Business Day.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Moody National REIT II, Inc.)