All Escrow Shield Plus distributions contemplated under the merger agreement are available for liquidity on demand, including payments to satisfy any indemnification claims or upon any scheduled release. This means that upon receipt of joint written instructions, funds paid in satisfaction of claims are disbursed generally no later than the next business day. Funds paid to the Buyer go directly to the Buyer, and funds paid to other parties will be released from AXA Equitable to the paying account for further processing. The timing of these payments to other parties depends on the number of payees and type of payment, but payments are generally released within two business days upon receipt of joint written instructions.
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Posted in: Services: Escrow Shield Plus