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. Within five (5) days following written notice to Purchaser that Seller has completed the structural framing of the building comprising the Project, Purchaser shall pay to the Title Company an additional sum equal to five percent (5%) of the Purchase Price (such additional sum, the “Second Deposit”) so that the Initial Xxxxxxx Money and the Second Deposit together equal fifteen percent (15%) 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 the Second Deposit shall not be held in escrow by the Title Company but shall, following the Title Company’s receipt of each such 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 Review Period Objection Deadline, 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 deposits 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 for the direct benefit of the Project as described in Section 4.c below. Purchaser's failure to pay any of the required Second Deposit as described in this Section 4.b 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. 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 Buyer shall deliver the additional sum of SIX HUNDRED EIGHTY-FIVE THOUSAND DOLLARS AND NO CENTS ($685,000.00) 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. 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. 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.
ADDITIONAL XXXXXXX MONEY DEPOSIT. Purchaser shall deliver the Additional Xxxxxxx Money Deposit in the amount of One Hundred Fifty Thousand Dollars ($150,000.00) to Escrow Agent within two (2) business days of full execution of this Amendment.
ADDITIONAL XXXXXXX MONEY DEPOSIT. $ None The xxxxxxx money deposit shall be increased Within ( ) days from Acceptance, OR Upon removal of all contingencies in writing, OR Other, Additional xxxxxxx money deposit to be deposited with Escrow Holder and applied to The Purchase Price at the Close of Escrow.
ADDITIONAL XXXXXXX MONEY DEPOSIT. As an additional xxxxxxx money deposit (the "Additional Deposit") Buyer shall, within two (2) Business Days (as hereinafter defined) after the expiration of the Inspection Period (as hereinafter defined), provided Buyer has not terminated this Agreement prior to the expiration of the Inspection Period, deposit with Escrow Agent the additional sum of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000.00) which sum shall be deposited in the same interest bearing account as the Initial Deposit and credited toward the Purchase Price of the Property at closing. The Initial Deposit and the Additional Deposit shall hereinafter collectively be referred to as the "Xxxxxxx Money Deposit" which shall become non-refundable upon expiration of the Inspection Period, but shall be fully refundable at Buyer's request prior thereto or as otherwise provided herein including, without limitation, Seller's failure to perform any covenants or obligations of Seller hereunder and a failure of a condition precedent to Buyer's obligation to close as set forth herein. The Xxxxxxx Money Deposit will be held in an interest bearing escrow account with the interest credited to Buyer. Should Buyer not make any part of the Xxxxxxx Money Deposit or withdraw the Xxxxxxx Money Deposit during the Inspection Period, this Agreement shall be null and void, and the parties to this Agreement shall have no further obligations to each other.
