ADDITIONAL XXXXXXX MONEY DEPOSIT. If the REPC has not been previously canceled by Buyer as provided in Sections 8.1, 8.2 or 8.3, as applicable, then no later than the Due Diligence Deadline, or the Financing & Appraisal Deadline, whichever is later, Buyer: [ ] WILL [ ] WILL NOT deliver to the Buyer’s Brokerage, an Additional Xxxxxxx Money Deposit in the amount of $ . The Xxxxxxx Money Deposit and the Additional Xxxxxxx Money Deposit, if applicable, are sometimes referred to herein as the “Deposits”. The Xxxxxxx Money Deposit, or Deposits, if applicable, shall be credited toward the Purchase Price at Closing.
ADDITIONAL XXXXXXX MONEY DEPOSIT. If the REPC has not been previously canceled by Buyer as provided in Sections 8.1, 8.2 or 8.3(a), then no later than the Due Diligence Deadline referenced in Section 24(b), or the Financing & Appraisal Deadline referenced in Section 24(c), whichever is later, Buyer: [ ] WILL [ ] WILL NOT deliver to the Buyer’s Brokerage, an Additional Xxxxxxx Money Deposit in the amount of $ . The Xxxxxxx Money Deposit and the Additional Xxxxxxx Money Deposit, if applicable, are sometimes referred to herein as the “Deposits”. The Xxxxxxx Money Deposit, or Deposits, if applicable, shall be credited toward the Purchase Price at Closing.
ADDITIONAL XXXXXXX MONEY DEPOSIT. The third sentence of Section 1.1 of the Purchase Agreement is hereby deleted and replaced with the following: “In the event that Buyer does not terminate this Agreement pursuant to the terms of Section 2.5.3, on or prior to January 11, 2018 shall deliver the additional sum of FOUR HUNDRED FORTY-FOUR THOUSAND DOLLARS AND NO CENTS ($444,000.00) in immediately available funds (the "Additional Xxxxxxx Money Deposit") to Escrow Agent and the transaction contemplated by this Agreement shall proceed in accordance with the terms hereof.”
ADDITIONAL XXXXXXX MONEY DEPOSIT. Within five (5) days following written notice to Purchaser that Seller has commenced construction of the Project, which for purposes of this Agreement shall mean that Seller has commenced site work for the Project and has secured a related permit from the Town, Purchaser shall pay to the Title Company an additional sum (such additional sum, the “Second Deposit”) so that the Initial Xxxxxxx Money and the Second Deposit together equal ten percent (10%) of the Purchase Price (the Initial Xxxxxxx Money and the Second Deposit are referred to collectively herein as the “Xxxxxxx Money Deposit”). As with the Initial Xxxxxxx Money, the Second Deposit shall be paid to the Title Company for tracking purposes only and, following the Title Company’s receipt of the Second Deposit and without the necessity of any further action by the parties, be released to Seller for the direct benefit of the Project as described in Section 4.c below. Purchaser’s failure to pay either the Initial Xxxxxxx Money or the Second Deposit on the applicable date shall constitute a material default by Purchaser under Section 14 below. The Xxxxxxx Money Deposit shall be consideration for Seller reserving the Unit for Purchaser, and Seller agreeing not to sell the Unit to anyone other than Purchaser prior to the date set for Closing in Section 10 below.
ADDITIONAL XXXXXXX MONEY DEPOSIT. On or before the date falling twenty (20) days after the Effective Date, Purchaser shall pay to the Title Company an additional sum equal to $ (such additional sum, the “Second Deposit”) so that the Initial Xxxxxxx Money and the Second Deposit together equal twenty percent (20%) of the Purchase Price (the Initial Xxxxxxx Money and the Second Deposit are referred to collectively herein as the "Xxxxxxx Money Deposit”). Purchaser understands and agrees that the Second Deposit is being paid to the Title Company for tracking purposes only and that such deposit shall not be held in escrow by the Title Company but shall, following the Title Company’s receipt of the Second Deposit and without the necessity of any further action by the parties, be released to Seller and may be disbursed by Seller for the direct benefit of the Project as described in Section 4.c below. Purchaser's failure to timely pay the Second Deposit as described in this Section 4.b shall constitute a material default by Purchaser under Section 14 below. The Xxxxxxx Money Deposit shall be consideration for Seller reserving the Unit for Purchaser, and Seller agreeing not to sell the Unit to anyone other than Purchaser prior to the date set for Closing in Section 10 below. .
ADDITIONAL XXXXXXX MONEY DEPOSIT. If the REPC has not been previously canceled by Buyer as provided in Sections 8.1, 8.2 or 8.3(a), then no later than the Due Diligence Deadline referenced in Section 24(b), or the
ADDITIONAL XXXXXXX MONEY DEPOSIT. In the event Purchaser does not elect to terminate this Agreement prior to the Inspection Date, within two (2) business days after the Inspection Date, Purchaser shall deposit the additional sum of Three Hundred Fifty Thousand and No/100 Dollars ($350,000.00) with Escrow Agent (the “Additional Xxxxxxx Money Deposit”). The Additional Xxxxxxx Money Deposit shall be held along with the Initial Xxxxxxx Money Deposit and shall be collectively referred to as the “Xxxxxxx Money.”
ADDITIONAL XXXXXXX MONEY DEPOSIT. If the REPC has not been previously canceled by Buyer as provided
ADDITIONAL XXXXXXX MONEY DEPOSIT. If the REPC has not been previously canceled by Buyer as provided in Sections 8.1, 8.2 or WILL WILL
ADDITIONAL XXXXXXX MONEY DEPOSIT. In consideration of Seller’s execution of this Amendment, Buyer shall deposit Fifty Thousand and 00/100 Dollars ($50,000.00) with the Title Company within one (1) business day after execution of this Amendment, which shall be considered part of the Deposit and shall be nonrefundable to Buyer, except as the Deposit is refundable as expressly provided in the Agreement and shall be applicable to the Purchase Price at Closing.
