Laserfiche WebLink
G) CONTRACTOR shall have the right to withdraw all orally part of the principal in (lie Escrow Account <br /> only by written notice to ESCROW AGENT accompanied by written authorization from the OWNER to <br /> the ESCROW AGENT that OWNER consents to the witltdrarval of the amosislt sought to be withdrawn <br /> by CONTRACTOR. <br /> 7) The OWNER shall haven right to draw upon the securities in the event of default by the CONTRACTOR. <br /> Upon seven days' written notice to [lie ESCROW AGENT from (lie OWNER of(lie default,the ESCROW <br /> AGENT shall immediately convert the securities to cash and shall distribute the cash as instructed by the <br /> OWNER. <br /> 8) Upon receipt of written notification from the OWNER Certifying that the Contract is final and complete, <br /> and that the CONTRACTOR has complied with all requirements and procedures applicable to the <br /> Contract, ESCROW AGENT shall release to CONTRACTOR all securities and interest oil deposit less <br /> escrow fees and charges of the Escrow Account. The escrow shall be closed immediately upon <br /> disbursement of all moneys and securities on deposit and payments of fees and charges. <br /> 9) ESCROW AGENT shall rely on the written notifications from the OWNER and the CONTRACTOR <br /> pursuant to Sections (5) to (8), inclusive, of this Agreement and the OWNER and CONTRACTOR shall <br /> hold ESCROW AGENT harmless from ESCROW AGENT's release and disbursement of the securities <br /> and interest as set forth above. <br /> 10)The names of the persons who are authorized to give written notice or to receive written notice on behalf <br /> of the OWNER and on behalf of CONTRACTOR in connection with the foregoing, and exemplars of <br /> their respective signatures are as follows: <br /> On behalf of OWNER: On behalf of CONTRACTOR: <br /> Executive Director of Finance and <br /> Management ServicQs Chief Financial Officer <br /> Title Title <br /> Alexander Trinidad Jac Won <br /> Naine Name <br /> Alexander Trin7da�Aug8,2025 M25:52 PDT) <br /> Signature Signa ure _ <br /> Address: Address; <br /> 20 Civic Center Plaza, Santa Ana, CA 92701 135 S. State College Blvd., ##400 <br /> Brea, CA 92821 <br /> On behalf of ESCROW AGENT:. <br /> Vice President I Relationship Manager <br /> Title <br /> Ismael Diaz <br /> Name <br /> Si nature <br /> Page 2 of 3 <br /> 10.14 l704-Sawa Ana.Bristol Street water lmprovenient.doex <br />