Application of Xxxxxxx Money. If the sale of the Property is consummated as contemplated in this Contract, then the Xxxxxxx Money will be applied to the Purchase Price at Closing. If this Contract is terminated prior to consummation of the sale of the Property in accordance with this Contract, then the Xxxxxxx Money will be applied in accordance with sections D. and G. below.
Application of Xxxxxxx Money. In the event Purchaser does not elect to terminate this Agreement on or before the Inspection Date pursuant to Subparagraph 13.1.2 hereof, the Xxxxxxx Money shall become non-refundable to Purchaser except as provided in Section 13.1.2. Escrow Agent will otherwise hold, disburse and apply the Xxxxxxx Money in accordance with the Xxxxxxx Money Escrow Agreement.
Application of Xxxxxxx Money. Escrow Agent will tender the Xxxxxxx Money to Seller or its designee on the Closing Date following receipt of the closing deliveries required under Section 7 hereof.
Application of Xxxxxxx Money. The Xxxxxxx Money shall be applied against the Purchase Price at Closing.
Application of Xxxxxxx Money. Unless this Agreement has previously been terminated in accordance with the provisions hereof, Escrow Agent will tender the Xxxxxxx Money to Seller on the Closing Date, and the Xxxxxxx Money will be applied and credited in reduction of the Purchase Price.
Application of Xxxxxxx Money. At the Closing, the Xxxxxxx Money shall be applied and credited toward payment of the Purchase Price. If the Closing does not occur, the Xxxxxxx Money shall be retained by Seller or refunded to Buyer, as provided in the relevant provisions of this Agreement. Notwithstanding any provision of this Agreement to the contrary, if under the applicable provisions of this Agreement, Seller shall nonetheless retain Fifty and No/100 Dollars ($50.00) of the Xxxxxxx Money as Seller's consideration for this Agreement and the balance of the Xxxxxxx Money shall be refunded to Buyer.
Application of Xxxxxxx Money. The Xxxxxxx Money is nonrefundable after the Inspection Period expires, except that the Xxxxxxx Money is refundable to Purchaser (i) as set forth in Section 21 below and (ii) if Purchaser terminates this Agreement in accordance with Purchaser’s right to do so hereunder, but only upon satisfaction of the conditions set forth in Section 38. If the sale is consummated in accordance with this Agreement, the Xxxxxxx Money will be credited to the Purchase Price at Closing. In the event of default hereunder by Purchaser or Seller, the Xxxxxxx Money shall be applied as provided in Section 21 below.
Application of Xxxxxxx Money. The third sentence of Section 5 of the Contract shall be, and hereby is, amended, replaced and superseded to read in its entirety as follows: "At Closing, the Xxxxxxx Money and any interest earned thereon will be applied to the Initial Payment."
Application of Xxxxxxx Money. The Xxxxxxx Money shall be held, applied and distributed by the Escrow Agent in accordance with this Agreement.
Application of Xxxxxxx Money. The Xxxxxxx Money shall be held ---------------------------- and disbursed and/or credited against the Purchase Price in accordance with the terms of the Xxxxxxx Money Trust Agreement and the provisions of this Agreement, including the provisions of this Agreement. Seller, Purchaser and Escrow Agent shall execute the Xxxxxxx Money Trust Agreement contemporaneously with the execution of this Agreement and Purchaser's deposit of the Xxxxxxx Money with Escrow Agent.
