Russian translation: Инструкции по условному депонированию - агент условного депонирования
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03:48 Aug 4, 2004
English to Russian translations [PRO] Law/Patents - Law (general)
English term or phrase:Escrow instructions – escrow agent
CLOSING AGREEMENT AND ESCROW INSTRUCTIONS
For Purchase and Sale Transaction
The undersigned buyer and seller (referred to herein as “the parties”) hereby designate and appoint XXXXX (referred to herein as “the closing agent”) to act as their closing and escrow agent according to the following agreements and instructions.
The closing agent is instructed to select, prepare, correct, receive, hold, record and deliver documents as necessary to close the transaction.
The closing agent is instructed to prepare a settlement statement showing all funds deposited for the account of each of the parties and the proposed disbursements from such funds.