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Castle Pines North Escrow Agreement
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Castle Pines North Escrow Agreement
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10/14/2016 11:20:01 AM
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10/3/2016 12:26:48 PM
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Chatfield Mitigation
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the Escrow Funds pursuant to any applicable provision of this Escrow Agreement, and Escrow <br /> Agent shall thereafter have no further obligation or liability whatsoever with respect to this <br /> Escrow Agreement or the Escrow Funds. <br /> 24. Dealings. The Escrow Agent and any stockholder, director, officer or employee <br /> of the Escrow Agent may buy, sell, and deal in any of the securities of the Depositor and become <br /> pecuniarily interested in any transaction in which the Depositor may be interested, and contract <br /> and lend money to the Depositor and otherwise act as fully and freely as though it were not <br /> Escrow Agent under this Agreement. Nothing herein shall preclude the Escrow Agent from <br /> acting in any other capacity for the Depositor or CRMC or for any other entity. <br /> 25. Brokerage Confirmation Waiver. Depositor and CRMC acknowledge that to the <br /> extent regulations of the Comptroller of the Currency or other applicable regulatory entity grant <br /> either the right to receive brokerage confirmations for certain security transactions as they occur, <br /> Depositor and CRMC specifically waive receipt of such confirmations to the extent permitted by <br /> law. The Escrow Agent will furnish the Depositor periodic cash transaction statements that <br /> include detail for all investment transactions made by the Escrow Agent. <br /> 26. Tax Reporting. Escrow Agent shall have no responsibility for the tax <br /> consequences of this Escrow Agreement and Depositor and CRMC shall consult with <br /> independent counsel concerning any and all tax matters. The parties acknowledge that Depositor <br /> is a tax exempt entity. Depositor and CRMC shall provide Escrow Agent with a copy of its tax <br /> exempt certificate (if applicable), Form W-9 and an original Form W-8, as applicable, for each <br /> payee, together with any other documentation and information requested by Escrow Agent in <br /> connection with Escrow Agent's reporting obligations under applicable IRS regulations. If such <br /> tax documentation is not so provided, Escrow Agent shall withhold taxes as required by the IRS. <br /> Depositor and CRMC have determined that any interest or income on Escrow Funds in <br /> Depositor's Individual Escrow Account shall be reported on an accrual basis and deemed to be <br /> for the account of Depositor. Depositor and CRMC have determined that any interest or income <br /> on Escrow Funds in the Master Escrow Account shall be reported on an accrual basis and <br /> deemed to be for Master Escrow Account of CRMC. Depositor and CRMC shall prepare and <br /> file all required tax filings with the IRS and any other applicable taxing authority; provided that <br /> the parties further agree that: <br /> (a) Escrow Agent IRS Reporting. Depositor and CRMC shall accurately <br /> provide the Escrow Agent with all information requested by the Escrow Agent in connection <br /> with the preparation of all applicable Form 1099 and Form 1042-S documents with respect to all <br /> distributions as well as in the performance of Escrow Agent's reporting obligations under the <br /> Foreign Account Tax Compliance Act and Foreign Investment in Real Property Tax Act or other <br /> applicable law or regulation. <br /> (b) Withholding Requests and Indemnification. Depositor and CRMC jointly <br /> and severally agree to (i) assume all obligations imposed now or hereafter by any applicable tax <br /> law or regulation with respect to payments or performance under this Escrow Agreement, (ii) <br /> 12 <br /> {00466456.DOC/2} <br /> 11-01-2014 <br />
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