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This is for a settlement agreement. Basically, I want once the funds of the wire transfer are cleared and I can draw upon them then the item in escrow will be transferred from my lawyer to other party. The other party has an issue of "when the funds are clear by my bank" and want the item in escrow transferred once the wire is sent. Again, I want once the wired funds are clear and can be drawn upon then the item in escrow will be transferred.
What do you advice and what type of language in the agreement do you think would be helpful?
I am using chase.com for my bank.
Do you know if they have language on when a wire transfer is "fully credited to your account and available for withdrawal"
I am trying to be explicit here with the agreement and want to make sure it is "clear" before escrow transfer - I am asking you the expert because I have gotten different answers from people at the bank, hence trying to be explicit.
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