Common use of ADDITIONAL XXXXXXX MONEY DEPOSIT Clause in Contracts

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.”

Appears in 1 contract

Samples: Agreement for Purchase and Sale (KBS Legacy Partners Apartment REIT, Inc.)

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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 on or prior to January 11, 2018 Buyer shall deliver the additional sum of SIX HUNDRED EIGHTY-FIVE ONE THOUSAND DOLLARS AND NO CENTS ($685,000.00601,000.00) 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.”

Appears in 1 contract

Samples: Agreement for Purchase and Sale (KBS Legacy Partners Apartment REIT, Inc.)

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 on or prior to January 11, 2018 Buyer shall deliver the additional sum of SIX FOUR HUNDRED EIGHTYFIFTY-FIVE NINE THOUSAND DOLLARS AND NO CENTS ($685,000.00459,000.00) 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.”

Appears in 1 contract

Samples: Agreement for Purchase and Sale (KBS Legacy Partners Apartment REIT, Inc.)

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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 on or prior to January 11, 2018 Buyer shall deliver the additional sum of SIX FOUR HUNDRED EIGHTYFORTY-FIVE FOUR THOUSAND DOLLARS AND NO CENTS ($685,000.00444,000.00) 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.”

Appears in 1 contract

Samples: Agreement for Purchase and Sale (KBS Legacy Partners Apartment REIT, Inc.)

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