60-87 Ratify Exchange agreement - SOHIO

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(i) O~nership. The Exchange Security shall be and remain the property of the Exc~hangee for Exchangee's use in acquiring and conveying to Exchangor Exchange Property pursuant to this Agreement, and except as ex~oressly provided herein, Exchangor shall have no right or interest therein. (ii) Interest. Interest earned on the Exchange Security shall automatically become part of Exchange Security pursuant to the terms of this Agreement. (b) Use of Exchar~e Security.. ~ (i) Oistribution for Oeposit. Within five (5) business days after receipt of a-Written request for funds by Exchangee, Escrow Holder shall disburse from the Exchange Security in accordance with Exchangee's instructions an amount equal to any deposit required to be made for the acquisition of Exchange Property... (ii) Oistribution throu~ Exchange Escrows. Within five (5) business days after receipt of a written request for funds by each Exchange Escrow Holder, Escrow Holder shall disburse fr~ the Exchange Security to such Exchange Escrow Holder an amount equal to the Exchange Value (less any amounts previously disbursed pursuant to Section 16(b) (i) hereof> of the Exchange property which is the subject of such Exchange Escrow. (iii) Taxes. During the course of the Exchange Term, Escrow Holder is authorized to pay, out of the Exchange Security, any taxes due on the interest earned on the Exchange Security. (iv) Termination Distribution. Upon expiration of the Exchange Tea pursuant to Section 15(a> hereof, the outstanding balance of the Exchange Security and any interest earned thereon, computed to the date of payment, shall be distributed by Escrow Holder to Exchangor, as provided in Section 15(g) hereof. Amounts deducted from the Exchange Security for accrued and unpaid fees, taxes, and costs shall be retained by Escrow .Holder as payment therefor. 17. Further Assurances and Agreements of Cooperation. Each of the parties hereto agrees that from time to time after the~ Closing, whenever and as often as it shall be reasonably requested to do. so, it shall execute, acknowledge, and deliver, or cause to be executed, acknowledged, or delivered, any and all such further conveyances, confirmations, satisfactions, instr~ents, or further assurances and consents, as may be necessary or proper, in order to complete any an~ all conveyances, transfers, sales, and assignments provided for herein or otherwise to carry out or give effect to this Agreement. Each of the parties hereto shall cooperate in good faith with the other and shall do any and all other acts and execute, acknowledge, and deliver any and all documents so requested in order to satisfy the conditions set forth herein and ~carry out the intent and purposes of this Agreement.