Common use of Application of Deposit Clause in Contracts

Application of Deposit. (1) If the Closing occurs as contemplated hereunder, then the Deposit shall be paid to Seller and the interest on the Deposit (“Interest”), if any, shall be paid or credited to the Purchaser.

Application of Deposit. (1) 3.2.1 If the Closing occurs as contemplated hereunderoccurs, then the Deposit shall be paid to Seller and applied against the Purchase Price and the accrued interest on the Deposit (“"Interest”"), if any, shall shall, at Purchaser's election, (i) be paid to Seller and credited against the Balance of the Purchase Price or credited (ii) be paid to the Purchaser.

Application of Deposit. (1) 3.2.1 If the Closing occurs as contemplated hereunderoccurs, then the Deposit shall be paid to Seller and applied against the Purchase Price and the accrued interest on the Deposit (“Interest”), if any, shall shall, at Purchaser’s election, (i) be paid to Seller and credited against the Balance of the Purchase Price or credited (ii) be paid to the Purchaser.

Application of Deposit. (1) 4.2.1. If the Closing occurs as contemplated hereunder, then the Deposit shall be paid to Seller and the accrued interest on the Deposit (“Interest”), if any, shall shall, at Purchaser’s election, (i) be paid to Seller and credited against the Balance of the Purchase Price or credited (ii) be paid to the Purchaser.

Application of Deposit. (1) 3.2.1. If the Closing occurs as contemplated hereunder, then the Deposit shall be paid to Seller and the accrued interest on the Deposit (“Interest”), if any, shall shall, at Purchaser’s election, (i) be paid to Seller and credited against the Balance of the Purchase Price or credited (ii) be paid to the Purchaser.