Common use of Application and Interest Clause in Contracts

Application and Interest. If the purchase and sale contemplated hereunder is consummated, then the Earnest Money Deposit xxxxx xe applied to the Purchase Price at Closing. In all other events, the Earnest Money Deposit xxxxx xe disposed of by Escrow Agent as provided in this Contract. The Earnest Money Deposit xxxxx xe invested by Escrow Agent in a manner reasonably acceptable to Purchaser and Seller. All interest earned on the Earnest Money Deposit xx xxxx of the Earnest Money Deposit, xx xx applied or disposed of in the same manner as the Earnest Money Deposit xxxxx xhis Contract.

Application and Interest. If the purchase and sale contemplated hereunder is consummated, then the Earnest Money Deposit xxxxx xe applied to the Purchase Price at Closing. In all other events, the Earnest Money Deposit xxxxx xe disposed of by Escrow Agent as provided in this Contract. The Earnest Money Deposit xxxxx xe invested by Escrow Agent in an interest-bearing account with a financial institution and in a manner reasonably acceptable to Purchaser and Seller. All interest earned on the Earnest Money Deposit xx xxxx of the Earnest Money Deposit, xx xx applied or disposed of in the same manner as the Earnest Money Deposit xxxxx xhis Contract.

Application and Interest. If the purchase and sale contemplated hereunder is consummated, then the Earnest Money Deposit xxxxx xe shall be applied to the Purchase Price at Closing. In all other events, the Earnest Money Deposit xxxxx xe disposed of by Escrow Agent as provided in this Contract. The Earnest Money Deposit xxxxx xe invested by Escrow Agent in a manner reasonably acceptable to Purchaser and Seller. All interest earned on the Earnest Money Deposit xx xxxx is part of the Earnest Money Deposit, xx xx applied or disposed of in the same manner as the Earnest Money Deposit xxxxx xhis Contract.