Common use of Additional Deposit and Notice of Intention to Proceed Clause in Contracts

Additional Deposit and Notice of Intention to Proceed. On or before May 30, 2007, Buyer shall deliver to Seller Buyer’s Notice of intention to proceed with the closing on the purchase of the Property ("Notice of Intention to Proceed”) and, within one (1) business day after such delivery, deposit the Additional Deposit in escrow with the Title Company, by wire transfer. If Buyer does not give the Notice of Intention to Proceed on or before May 30, 2007 and pay the Additional Deposit to the Title Company within one (1) business day after such delivery, this Agreement shall automatically terminate, the Deposit shall be paid to Seller and thereafter the parties shall have no further liabilities under this Agreement except pursuant to the obligations and indemnity set forth in Sections 3.2, 3.4 and 4.9.”

Additional Deposit and Notice of Intention to Proceed. On or before May 3025, 2007, Buyer shall deliver to Seller Buyer’s Notice of intention to proceed with the closing on the purchase of the Property ("Notice of Intention to Proceed”) and, within one (1) business day after such delivery, deposit the Additional Deposit in escrow with the Title Company, by wire transfer. If Buyer does not give the Notice of Intention to Proceed on or before May 3025, 2007 and pay the Additional Deposit to the Title Company within one (1) business day after such delivery, this Agreement shall automatically terminate, the Deposit shall be paid to Seller and thereafter the parties shall have no further liabilities under this Agreement except pursuant to the obligations and indemnity set forth in Sections 3.2, 3.4 and 4.9.”

Additional Deposit and Notice of Intention to Proceed. On or before May 3031, 2007, Buyer shall deliver to Seller Buyer’s Notice of intention to proceed with the closing on the purchase of the Property ("Notice of Intention to Proceed”) and, within one (1) business day after such delivery, deposit the Additional Deposit in escrow with the Title Company, by wire transfer. If Buyer does not give the Notice of Intention to Proceed on or before May 3031, 2007 and pay the Additional Deposit to the Title Company within one (1) business day after such delivery, this Agreement shall automatically terminate, the Deposit shall be paid to Seller and thereafter the parties shall have no further liabilities under this Agreement except pursuant to the obligations and indemnity set forth in Sections 3.2, 3.4 and 4.9.”

Additional Deposit and Notice of Intention to Proceed. On Upon execution and delivery by Seller and Buyer of this Amendment, Buyer will be deemed to have delivered its Notice of Intention to Proceed pursuant to Section 3.5 of the Purchase Agreement, subject to the terms and conditions of the Purchase Agreement. Notwithstanding anything in the Purchase Agreement to the contrary, on or before May 30June 5, 2007, Buyer shall deliver to Seller Buyer’s Notice of intention to proceed with the closing on the purchase of the Property ("Notice of Intention to Proceed”) and, within one (1) business day after such delivery, deposit the Additional Deposit in escrow with the Title Company, by wire transfer. If Buyer does not give the Notice of Intention to Proceed on or before May 30, 2007 and pay the Additional Deposit to the Title Company within one (1) business day after such deliveryon or before June 5, 2007 this Agreement shall automatically terminate, the Deposit shall be paid to Seller and thereafter the parties shall have no further liabilities under this Agreement except pursuant to the obligations and indemnity set forth in Sections 3.2, 3.4 and 4.9.”

Additional Deposit and Notice of Intention to Proceed. On or before May 30June 4, 2007, Buyer shall deliver to Seller Buyer’s 's Notice of intention to proceed with the closing on the purchase of the Property ("Notice of Intention to Proceed”") and, within one (1) business day after such delivery, deposit the Additional Deposit in escrow with the Title Company, by wire transfer. If Buyer does not give the Notice of Intention to Proceed on or before May 30June 4, 2007 and pay the Additional Deposit to the Title Company within one (1) business day after such delivery, this Agreement shall automatically terminate, the Deposit shall be paid to Seller and thereafter the parties shall have no further liabilities under this Agreement except pursuant to the obligations and indemnity set forth in Sections 3.2, 3.4 and 4.9.”"

Additional Deposit and Notice of Intention to Proceed. On or before May 3018, 2007, Buyer shall deliver to Seller Buyer’s Notice of intention to proceed with the closing on the purchase of the Property ("Notice of Intention to Proceed”) and, within one (1) business day after such delivery, deposit the Additional Deposit in escrow with the Title Company, by wire transfer. If Buyer does not give the Notice of Intention to Proceed on or before May 3018, 2007 and pay the Additional Deposit to the Title Company within one (1) business day after such delivery, this Agreement shall automatically terminate, the Deposit shall be paid to Seller and thereafter the parties shall have no further liabilities under this Agreement except pursuant to the obligations and indemnity set forth in Sections 3.2, 3.4 and 4.9.”

Additional Deposit and Notice of Intention to Proceed. On or before May 30June 1, 2007, Buyer shall deliver to Seller Buyer’s 's Notice of intention to proceed with the closing on the purchase of the Property ("Notice of Intention to Proceed”") and, within one (1) business day after such delivery, deposit the Additional Deposit in escrow with the Title Company, by wire transfer. If Buyer does not give the Notice of Intention to Proceed on or before May 30June 1, 2007 and pay the Additional Deposit to the Title Company within one (1) business day after such delivery, this Agreement shall automatically terminate, the Deposit shall be paid to Seller and thereafter the parties shall have no further liabilities under this Agreement except pursuant to the obligations and indemnity set forth in Sections 3.2, 3.4 and 4.9.”"