Extract to table

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: ARTICLE 1 — DEFINITIONS As used in this Agreement, the following terms shall have the meanings set forth below

Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Purchase Agreement

Buyer and Seller hereby jointly appoint Commonwealth National Title Insurance Company as Escrow Agent to hold, invest, and disburse the Deposit in accordance with the terms and conditions of this Agreement, and Escrow Agent hereby accepts such appointment and agrees to perform the duties and obligations of Escrow Agent as set forth herein, subject to the terms, conditions, and limitations contained in this Agreement

The primary contact for the Escrow Agent shall be Kenneth Stanhope, Senior Vice President, at the address set forth in Section 8

The legal contact for the Escrow Agent shall be Virginia Moorehead, AVP, National Counsel, at the same address or as otherwise communicated in writing to the parties

Buyer's failure to timely deposit the Initial Deposit shall constitute a default by Buyer under the Purchase Agreement and under this Agreement