Opening and Close of Escrow Sample Clauses
The "Opening and Close of Escrow" clause defines the process and timing for when an escrow account is established and when it is officially closed in a transaction, typically in real estate deals. This clause specifies the conditions that must be met for escrow to open, such as the deposit of funds or documents, and outlines the requirements for closing, like the fulfillment of contractual obligations by both parties. Its core practical function is to provide a clear framework for the secure handling and transfer of funds and documents, ensuring that both parties' interests are protected and that the transaction proceeds in an orderly and transparent manner.
Opening and Close of Escrow. The Escrow shall be deemed open (the “Opening of Escrow”) upon the date of this Agreement. Escrow shall close on or before March 19, 2010 (the “Close of Escrow”). Escrow shall be deemed to have closed at the time the Grant Deed is filed for record in the Official Records of the County.
Opening and Close of Escrow. City and Developer shall open Escrow for the conveyance of the City Common Areas Option Property within ten (10) days following the date that Developer the Development Agreement has been signed by all Parties (“Opening Date”). Escrow shall close within forty-five days following the Opening Date (“Close of Escrow”).
Opening and Close of Escrow. The Escrow shall be deemed open (the “Opening of Escrow”) as of the date this Agreement is executed by the parties, and shall close on and as of the date that is fifteen (15) days following the expiration of the Contingency Period (the “Close of Escrow”). The Close of Escrow shall be deemed to be effective and the transfer of the Property shall be deemed to have occurred as of 12:01 a.m. local time on the date of the Close of Escrow. Prior to the scheduled Close of Escrow, Escrow Holder shall prepare and deliver to Buyer and Seller a pro forma closing statement (the “Closing Statement”) relating to the consummation of the transaction contemplated by this Agreement, which must be approved by both Seller and Buyer. At the request of a party’s counsel, in advance of Close of Escrow, attorneys for the parties shall exchange electronic copies of executed documents to be delivered as stated herein (to be held in trust pending Close of Escrow) to enable counsel to confirm that all required documents have been executed and delivered. The Close of Escrow shall be held through the mail by delivery of the closing documents and other required items. Title Company and Escrow Holder shall be permitted to complete the Close of Escrow based upon receipt of electronic copies of documents, provided that the party delivering such electronic copy agrees in writing to provide originals within one (1) business day following the Close of Escrow.
Opening and Close of Escrow. The Escrow shall be deemed open (the “Opening of Escrow”) as of the Execution Date. Subject to the satisfaction or waiver of the Buyer Contingencies and the Seller Contingencies, Escrow shall close on June 30, 2015, or on such earlier date as is agreed to by Buyer and Seller (the “Close of Escrow”). The Close of Escrow shall be deemed to be effective and the transfer of the Property shall be deemed to have occurred as of 12:01 a.m. local time on the date of the Close of Escrow. Notwithstanding the foregoing, if the Buyer Contingency set forth in Section 3(f) and the Seller Contingency set forth in Section 4(c) are not satisfied as of the scheduled Close of Escrow, then the Close of Escrow shall be automatically postponed until the last day of a calendar month first occurring five (5) Business Days after such Buyer Contingency and Seller Contingency are satisfied; provided, however, that if such Buyer Contingency and Seller Contingency are not satisfied by September 30, 2015, this Agreement shall be deemed terminated due to a failure of such Buyer Contingency pursuant to Section 3 above and such Seller Contingency pursuant to Section 4.
Opening and Close of Escrow. Within five (5) business days after the Effective Date, City will deliver a copy of the fully-executed Agreement to Escrow Holder. Opening of Escrow means the date on which Escrow Holder receives a copy of the fully-executed Agreement. The Parties can execute the Agreement in counterparts as set forth in Section 17.d. below. This Agreement shall serve as the instructions to Escrow Holder for consummation of the transactions contemplated hereby. City and Seller agree to execute such additional and supplementary escrow instructions as may be appropriate to enable Escrow Holder to comply with the terms of this Agreement; provided, however, that in the event of any conflict between the terms and provisions of this Agreement and the terms and provisions of any supplementary escrow instructions, the
Opening and Close of Escrow a. For the purposes of this Agreement, the “Opening of Escrow” shall mean September 30, 2008. Buyer and Seller agree to execute, deliver and be bound by any reasonable and customary supplemental instructions that may reasonably be requested by Escrow Holder or that may be necessary or convenient to consummate the transaction contemplated hereby; provided, however, that such supplemental instructions shall be consistent with and shall not supersede this Agreement and in all cases this Agreement shall control.
Opening and Close of Escrow. Upon executing this Agreement, Seller shall cause escrow to be opened at Westland Title Agency of Arizona, 7720 North 16th Street, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ez Mendez (h▇▇▇▇▇▇▇▇▇▇ ▇▇e "▇▇▇▇ow Agent"). "Opening of Escrow" shall occur on the date that both a fully execute counterpart of this Agreement and the Initial Earnest Money deposit ha▇▇ ▇▇▇▇ received by the Escrow Agent. "Close of Escrow" shall occur as soon as possible but not later than January 15, 2002.
Opening and Close of Escrow. Promptly following execution of this Agreement by the Parties, a fully executed original or counterpart copy of this Agreement shall be delivered to Escrow Agent. The term "Opening of Escrow" shall mean the date of delivery to Escrow Agent of a fully executed original or counterpart copy of this Agreement. Except as otherwise provided in this Section 4, the closing of the exchange of the Exchange Properties shall occur on or before October 31, 2016 (“Closing” or “Close of Escrow”). Close of Escrow shall occur at the office of Escrow Agent or at such other location as the Parties may agree. Escrow Agent shall notify the Parties in writing as to the date on which it received a fully executed copy of this Agreement. In no event shall the District or ▇▇▇▇▇▇ Homes be entitled to the benefit of any "thirteen day cancellation provision" as provided in the printed form Escrow Instructions, which provisions are hereby deleted.
Opening and Close of Escrow. The Escrow shall be deemed open (“Opening of Escrow”) as of the date of this Agreement. Escrow shall close on the date which is five (5) business days following the Due Diligence Expiration Date, or on such earlier date as is agreed to by Buyer and Seller (“Close of Escrow”).
Opening and Close of Escrow. The Escrow shall be deemed open (the “Opening of Escrow”) as of the Execution Date. Subject to the satisfaction or waiver of the Buyer Contingencies and the Seller Contingencies, Escrow shall close on the last day of the calendar month first occurring after the satisfaction of the Buyer Contingency set forth in Section 3(c) and the Seller Contingency set forth in Section 4(d) (the “Close of Escrow”). Notwithstanding the foregoing, if the Buyer Contingency set forth in Section 3(c) and the Seller Contingency set forth in Section 4(d) are not satisfied by February 28, 2016 this Agreement shall be deemed terminated due to a failure of such Buyer Contingency pursuant to Section 3 above and such Seller Contingency pursuant to Section 4.