Laserfiche WebLink
If to Escrow Agent, to: <br />Grandpoint Bank <br />1045 West Katella Ave, Suite 100 <br />Orange, CA 92867 <br />Attn: Larry A. Sallinger, EVP <br />Email: Isailinger@grandpointbank.com <br />Fax: 714.532.0701 <br />Telephone :714.787.3701 <br />Section 12. Wiring Instructions. In the event fund transfer instructions are given other <br />than as set forth on Schedule III attached hereto, such instructions must be communicated to <br />Escrow Agent in writing delivered pursuant to Section 11. Escrow Agent shall seek <br />confirmation of such instructions by telephone call-back to an Authorized Representative, and <br />Escrow Agent may rely upon the confirmations of anyone purporting to be the Authorized <br />Representative so designated. Escrow Agent and the beneficiary's bank in any funds transfer <br />may rely solely upon any account numbers or similar identifying numbers provided by CITY and <br />OCFA to identify (i) the beneficiary, (ii) the beneficiary's bank, or (iii) an intermediary bank. <br />Escrow Agent may apply any of the Escrow Funds for any payment order it executes using any <br />such identifying number, even when its use may result in a person other than the beneficiary <br />being paid, or the transfer of funds to a bank other than the beneficiary's bank or an intermediary <br />bank designated. The parties to this Agreement acknowledge that such security procedure is <br />commercially reasonable. <br />Section 13. Termination. This Agreement shall terminate on the date on which all the <br />Escrow Property has been disbursed or returned pursuant to Section 6 or Section 8 of this <br />Agreement. <br />Section 14. Continuing Obli ations. The obligations under Sections 6, 7, 8, 9 and 10 <br />hereof shall survive the resignation or removal of Escrow Agent, the termination of this <br />Agreement and the payment of all amounts hereunder. <br />Section 15. Inconsistent Provisions. CITY and OCFA agree that to the extent that the <br />provisions of any other agreement relating to the Escrow Property are inconsistent with the terms <br />of this Agreement, the terms of this Agreement shall control. [The English language version of <br />this Agreement shall control in the event of any inconsistencies between the English <br />language version and any foreign language translation.] <br />Section 16. Governing Law. This Agreement shall be governed by and construed in <br />accordance with the laws of the State of [California].2 <br />Section 17. Counterparts. This Agreement may be executed in any number of <br />counterparts each of which shall be deemed to be an original, and all of which together shall <br />constitute but one and the same instrument. Executed copies of this Agreement delivered <br />pursuant to Section I 1 above shall be as effective as an original to bind the parties. <br />2 Governing law shall be California for escrow accounts administered from our CA office. <br />10