Close Of Escrow Definition: 509 Samples - Law Insider

Close of Escrow definitionClose of Escrow or “Closing” means the date Escrow Holder records the Deed in favor of Buyer. The Closing shall take place on the Closing Date set forth in Section 1.5.1, as the same may be extended, provided all conditions to the Closing have been satisfied or duly waived as provided herein.View SourceBased on 25 documents25Draft with AISplit ViewAI-Powered Contracts

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Get StartedSchedule a DemoClose of Escrow means the date of the close of escrow between the builder and the original homeowner. With respect to claims by an association, as defined in Section 4080, “close of escrow” means the date of substantial completion, as defined in Section 337.15 of the Code of Civil Procedure, or the date the builder relinquishes control over the association’s ability to decide whether to initiate a claim under this title, whichever is later.View SourceBased on 22 documents22Draft with AIClose of Escrow means the fulfillment of the Escrow terms and conclusion of the Escrow, including, without limitation, the execution of unexecuted documents, the recordation of documents specified for recording, the issuance of title insurance policies, the payment of fees and the delivery of funds and documents as directed in the escrow instructions for the Escrow. The Close of Escrow shall occur on the Closing Date.View SourceBased on 19 documents19Draft with AI

Examples of Close of Escrow in a sentence

• Buyer shall assume all risks of loss or damage to the Property and all liability to third persons upon the Close of Escrow.

• As of Close of Escrow, Seller shall cause the release of any existing monetary encumbrances or other monetary security interests in the Property.

• Close of Escrow and the Seller’s obligation to complete the sale of the Property are subject to satisfaction of each of the following conditions at or prior to the Closing Date, each of which is for the sole benefit of Seller, unless waived by Seller in writing.

• At Close of Escrow, Seller shall, without further act, be deemed to have assigned, transferred, conveyed, and set over unto Buyer all of the grandfathered water rights, if any, with respect to the Property.

• At or before Close of Escrow, each party shall execute and deliver such documents and perform such acts as are provided for herein.

More Definitions of Close of Escrow

Close of Escrow means the consummation of the purchase of the Property by Buyer from Seller and the recordation of Seller's Grant Deed(s) in accordance with the terms and provisions of this Agreement.View SourceBased on 16 documents16Draft with AIClose of Escrow means the moment when all the parties to escrow have fully performed their respective duties as provided in paragraphs (d) and (e) below, respectively, and the Escrow Holder has filed the documents for record and made distributions. Title shall be conveyed and possession delivered to Buyer upon Close of Escrow and recordation of the grant deed.View SourceBased on 15 documents15Draft with AIClose of Escrow are terms used interchangeably in this Agreement. The Closing or the Close of Escrow will be deemed to have occurred when the Grant Deed is recorded in the official records of the county in which the Property is located.View SourceBased on 15 documents15Draft with AIClose of Escrow shall have the meaning set forth in SECTION 4.7.2.View SourceBased on 9 documents9Draft with AIClose of Escrow means the time of recording of the Grant Deed in the Official Records.View SourceBased on 8 documents8Draft with AIClose of Escrow and "Closing" means the date the Seller's Grant Deed and any other documents to be recorded on closing pursuant to the terms hereof are filed for record.View SourceBased on 7 documents7Draft with AIClose of Escrow is defined in Section 2.3.View SourceBased on 7 documents7Draft with AI

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Related Definitions

• Opening of Escrow
• Closing
• Escrow Holder
• Date of Closing
• Time of Closing