Amount and Timing. Within two (2) business days after the Effective Date (hereinafter defined), Purchaser shall deliver to Chicago Title Insurance Company, located at 0000
Amount and Timing. Within two (2) business days after the Effective Date (hereinafter defined), Purchaser shall deliver to Chicago Title Insurance Company, located at 0000 Xxxxxxx Xxxx, Xxxxx 000, Xxxxxx, Xxxxx 00000, Attention: J. Xxxxx Xxxxxxx, Esq. (the "Title Company"), Twenty-Three Thousand Three Hundred Fifty-Five and No/100 Dollars ($23,355.00) (the "Xxxxxxx Money Deposit") in cash or Current Funds, to be held by the Title Company in escrow to be applied or disposed of by the Title Company as is provided in this Contract. In the event Purchaser fails to deposit the Xxxxxxx Money Deposit with the Title Company as herein provided, Seller may, at its option, terminate this Contract, in which event neither Seller nor Purchaser shall have any further obligations hereunder except for provisions of this Contract which expressly survive the termination of this Contract. As used in this Contract, the term "Current Funds" shall mean wire transfers, certified funds or cashier's checks in a form acceptable to the Title Company which would permit the Title Company to immediately disburse such funds.
Amount and Timing. Within two (2) Business Days after the Effective Date, Purchaser shall deliver the Exxxxxx Money, in Current Funds, to the Title Company. Seller agrees that the Exxxxxx Money shall be refundable at any time prior to expiration of the Inspection Period if Purchaser elects to terminate this Agreement pursuant to Section 5.3(c) hereof for any reason as determined in Purchaser’s sole and absolute discretion. After the expiration of the Inspection Period, the Exxxxxx Money shall be payable to either Purchaser or Seller in accordance with this Agreement. If Purchaser fails to deposit the Exxxxxx Money with the Title Company on or before two (2) Business Days after the Effective Date, this Agreement and the Other Purchase and Sale Agreements shall be of no force or effect, and neither Seller nor Purchaser shall have any further obligations hereunder or under the Other Purchase and Sale Agreements, except for provisions of this Agreement and the Other Purchase and Sale Agreements which expressly survive the termination hereof and thereof. The Title Company shall invest the Exxxxxx Money promptly upon receipt in government insured interest-bearing accounts satisfactory to and as directed by Purchaser, shall not commingle the Exxxxxx Money with any funds of the Title Company or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account.
Amount and Timing. Within two (2) business days after the Effective Date (hereinafter defined), Purchaser shall deliver to Xxxxxxxx County Title Company, located at 000 X. 0xx Xxxxxx, Xxxxxxx, Xxxxxxxxxx 00000 (the "Title Company"), Twenty-Five Thousand and No/100 Dollars ($25,000.00) (the "Initial Deposit") in cash or Current Funds, to be held by the Title Company in escrow to be applied or disposed of by the Title Company as is provided in this Contract. In the event Purchaser fails to deposit the Initial Deposit with the Title Company as herein provided, Seller may, at its option, terminate this Contract prior to the making of the Initial Deposit, in which event neither Seller nor Purchaser shall have any further obligations hereunder except for provisions of this Contract which expressly survive the termination of this Contract. Not later than twenty (20) days after the expiration of the Inspection Period (as hereinafter defined), Purchaser shall deposit with the Title Company an additional xxxxxxx money deposit in the amount of One Hundred Twenty-Five Thousand and No/100 Dollars ($125,000.00) (the "Subsequent Deposit") in cash or Current Funds to be held by the Title Company in escrow to be applied or disposed of by the Title Company as provided in this Contract. If the Purchaser does not terminate this Contract pursuant to Section 5.2 hereof and fails to deposit the Subsequent Deposit on or before the twentieth (20th) day after the end of the Inspection Period, then Seller may, at its option, terminate this Contract prior to the making of such Subsequent Deposit, in which event the Title Company shall pay the Initial Deposit to Seller and thereafter neither Seller nor Purchaser shall have any further rights or obligations hereunder except for provisions of this Contract which expressly survive the termination of this Contract. The term "Xxxxxxx Money Deposit", as used in this Contract, shall mean (i) the Initial Deposit prior to deposit of the Subsequent Deposit, and (ii) both the Initial Deposit and the Subsequent Deposit combined after the deposit of the Subsequent Deposit, in each case, together with all interest earned thereon. As used in this Contract, the term "Current Funds" shall mean wire transfers, certified funds or a cashier's check in a form acceptable to the Title Company which would permit the Title Company to immediately disburse such funds. 3.2
Amount and Timing. Within one (1) business day after the Effective Date, Purchaser shall deliver to Escrow Agent One Hundred Thousand Dollars ($100,000.00) ("Earnest Money Deposit") xx xxsh or Current Funds, to be held by Escrow Agent in escrow to be applied or disposed of by Escrow Agent as provided in this Contract. If Purchaser fails to deposit the Earnest Money Deposit xxxx Xxcrow Agent as herein provided, then this Contract shall automatically terminate and neither Seller nor Purchaser shall have any further obligations hereunder except that the provisions of SECTIONS 5.1.4 and 11.1 of this Contract shall survive the termination of this Contract. "Current Funds" shall mean wire transfers, certified funds or a cashier's check in a form acceptable to Escrow Agent which would permit Escrow Agent to immediately disburse such funds.
Amount and Timing. The PAD amounts will vary, and the timing will depend on the Employer’s payroll dates and the requirements of the plan rules of the pension plans as defined in the Public Sector Pension Plans Act.
Amount and Timing. The District shall pay Rental Payments, comprising principal and interest components, in installments of the amounts and at the times set forth in the Schedule of Rental Payments attached as Exhibit B hereto. The interest components of the Rental Payments shall be paid by the District as and constitute interest paid on the principal components of the Rental Payments. In addition, from and after the occurrence and continuance of an Event of Default, the interest component shall be at the Default Rate. At least thirty (30) days prior to each Payment Date (unless otherwise agreed upon between the District and the Assignee), the Assignee, as assignee of the Corporation, shall deliver to the District an invoice stating the aggregate amount of interest and principal becoming due and payable on the Rental Payments on such Payment Date. The Assignee has agreed to send such invoice or similar notice solely as an accommodation to the District, and any failure of the Assignee to timely deliver such invoice or similar notice shall not affect the District’s obligation to make Rental Payments and shall result in no liability of any kind to the Assignee. The invoice to the District shall, unless otherwise directed in the future by the District, be mailed to: Santa Xxxxx Unified School District Attention: Accounts Payable 0000 Xxxxxxxx Xxxx Santa Clara, CA 95051
Amount and Timing. The District shall pay rental payments, comprising principal and interest components, in annual principal installments and semi-annual interest installments of the amounts and at the times set forth in the Schedule of Rental Payments attached as Exhibit A hereto. The interest components of the Rental Payments shall be paid by the District and constitute interest paid on the principal components of the Rental Payments.
Amount and Timing. Customer shall pay ERISS $97,107.00 for the services described herein. One-half of the total ($48,553.50) shall be paid upon execution of this Agreement, and one-half shall be paid when the Survey Results are accepted in accordance with Section 3.2.
Amount and Timing. The contributions shall be equal to 2% of the Employee’s annual salary shown on the salary schedule set forth in Article X. Because the percentage is tied to the amount shown on the salary schedule, no additional proration calculation for part-time status will be necessary. The contributions will be made as a percentage of each payroll. If an Employee ceases to be an Employee of the District, the contributions will cease with the Employee’s last payroll. Any contributions payable pursuant to an outstanding payroll for a deceased Employee shall be made to the extent and in the form authorized under IRS regulations and the terms of the applicable 403(b)/457(b) plan.
