Common use of Joint Written Instruction Clause in Contracts

Joint Written Instruction. Except as provided in Sections 3(b), 3(c) and 3(d), the Escrow Agent shall hold the Escrow Property in escrow until the receipt by the Escrow Agent of a notice, executed by both the Seller?s Representative and the Buyer, directing the disposition of the Escrow Property. The Escrow Agent shall not follow instructions relating to the disposition of the Escrow Property executed only by the Buyer or return the Escrow Funds to the Buyers without the Sellers? Representative?s prior written consent.

Joint Written Instruction. Except as provided in Sections 3(b), 3(c) and 3(d), the Escrow Agent shall hold the Escrow Property in escrow until the receipt by the Escrow Agent of a notice, executed by both the Seller?s Sellers? Representative and the Buyer, directing the disposition of the Escrow Property. The Escrow Agent shall not follow instructions relating to the disposition of the Escrow Property executed only by the Buyer or return the refundable portion of the Escrow Funds to the Buyers Buyer without the Sellers? Representative?s prior written consent.