Common use of Addition to Deposit Clause in Contracts

Addition to Deposit. On or before the expiration of the Investigation Period (as defined in Section 5.7), Purchaser shall deliver to Escrow Agent, by bank wire transfer of immediately available funds, an additional TWO-HUNDRED THOUSAND DOLLARS ($200,000) (the “Additional Funds”), unless Purchaser shall have terminated this Agreement in accordance with Section 5.7. The Additional Funds shall be deemed part of the Deposit, for an aggregate Deposit of four-hundred thousand Dollars ($400,000). If Purchaser fails to deliver the Additional Funds to Escrow Agent on or before the expiration of the Investigation Period (provided Purchaser has not terminated this Agreement in accordance with Section 5.7), such failure shall be a default under this Agreement.

Appears in 1 contract

Samples: Sale, Purchase and Escrow Agreement (Behringer Harvard Multifamily Reit I Inc)

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Addition to Deposit. On or before Within one (1) business day following the expiration of the Investigation Period (as defined in Section 5.75.3.2), Purchaser shall deliver to Escrow Agent, by bank wire transfer of immediately available funds, an additional TWOnon-HUNDRED THOUSAND DOLLARS refundable deposit of Three Hundred Thousand Dollars ($200,000300,000) (the “Additional Funds”), unless Purchaser shall have terminated this Agreement in accordance with Section 5.75.3. The Upon delivery to the Escrow Agent, the Additional Funds shall be deemed part of the Deposit, for an aggregate Deposit of four-hundred thousand Dollars ($400,000). If Purchaser fails to deliver the Additional Funds to Escrow Agent on or before the expiration of the Investigation Period (provided Purchaser has not terminated this Agreement in accordance with Section 5.75.3), such failure shall be a default under this Agreement.

Appears in 1 contract

Samples: Sale, Purchase and Escrow Agreement (KBS Real Estate Investment Trust, Inc.)

Addition to Deposit. On or before the expiration of the Investigation Period (as defined in Section 5.75.3.2), Purchaser shall deliver to Escrow Agent, by bank wire transfer of immediately available funds, an additional TWOnon-HUNDRED THOUSAND DOLLARS refundable deposit of Nine Hundred Thousand Dollars ($200,000900,000.00) (the “Additional Funds”), unless Purchaser shall have terminated this Agreement in accordance with Section 5.75.3. The Upon delivery to the Escrow Agent, the Additional Funds shall be deemed part of the Deposit, for an aggregate Deposit of four-hundred thousand Dollars ($400,000). If Purchaser fails to deliver the Additional Funds to Escrow Agent on or before the expiration of the Investigation Period (provided Purchaser has not terminated this Agreement in accordance with Section 5.75.3), such failure shall be a default under this Agreement.

Appears in 1 contract

Samples: Sale, Purchase and Escrow Agreement (Homeowners Choice, Inc.)

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Addition to Deposit. On or before the expiration of the Investigation Period (as defined in Section 5.7), Purchaser shall deliver to Escrow Agent, by bank wire transfer of immediately available funds, an additional TWO-HUNDRED THOUSAND DOLLARS Two Hundred and Fifty Thousand Dollars ($200,000250,000) (the “Additional Funds”), unless Purchaser shall have terminated this Agreement in accordance with Section 5.7. The Additional Funds shall be deemed part of the Deposit, for an aggregate Deposit of four-hundred thousand Five Hundred Thousand Dollars ($400,000500,000). If Purchaser fails to deliver the Additional Funds to Escrow Agent on or before the expiration of the Investigation Period (provided Purchaser has not terminated this Agreement in accordance with Section 5.7), such failure shall be a default under this Agreement.

Appears in 1 contract

Samples: Sale, Purchase and Escrow Agreement (Behringer Harvard Multifamily Reit I Inc)

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