Application and Interest. If the purchase and sale hereunder is consummated, then the Exxxxxx Money Deposit and any interest earned thereon shall be applied to the Purchase Price at Closing to reduce the amount required under Section 8.2(b)(i) hereof. In all other events, the Exxxxxx Money Deposit shall be disposed of by the Title Company as provided in this Contract. The Title Company shall invest the Exxxxxx Money Deposit in a federally insured interest-bearing account for the benefit of Purchaser at a bank deemed appropriate by the Title Company. All interest earned on the Exxxxxx Money Deposit is part of the Exxxxxx Money Deposit, to be applied or disposed of in the same manner as the Exxxxxx Money Deposit under this Contract.
Appears in 4 contracts
Samples: Assignment of Purchase Agreement (Aei Income & Growth Fund 25 LLC), Contract of Sale (Aei Real Estate Fund Xvii Limited Partnership), Assignment of Purchase Agreement (Aei Net Lease Income & Growth Fund Xix Limited Partnership)
