Application Upon Default. If the Closing occurs, the Deposit shall be paid to Seller and credited against the Purchase Price at Closing. If the Closing does not occur in accordance with the terms hereof, the Deposit shall be held and delivered as hereinafter provided.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Cubist Pharmaceuticals Inc), Purchase and Sale Agreement (Wells Real Estate Investment Trust Ii Inc), Purchase and Sale Agreement (Brandywine Realty Trust)
Application Upon Default. If the Closing occurs, the Deposit shall be paid to Seller and credited against the Purchase Price at Closing. If the Closing does not occur in accordance with the terms hereofoccur, the Deposit shall be held and delivered as hereinafter provided.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Talon Real Estate Holding Corp.), Purchase and Sale Agreement (Centene Corp)
Application Upon Default. If the Closing occurs, the Deposit (excluding the interest thereon which shall be the property of Purchaser) shall be paid to Seller and credited against the Purchase Price at Closing. If the Closing does not occur Purchaser defaults in its obligation to purchase the Property (as determined in accordance with the terms hereof), the Deposit (including the interest thereon) shall be held and delivered as hereinafter providedprovided in this Agreement in Article 13 hereof.
Appears in 2 contracts
Samples: Agreement of Sale (Cb Richard Ellis Realty Trust), Agreement of Sale (Cb Richard Ellis Realty Trust)
Application Upon Default. If the Closing occurs, the Initial Deposit and the Second Deposit (collectively, the "DEPOSIT") shall be paid to Seller and credited against the Purchase Price at Closing. If the Closing does not occur in accordance with the terms hereof, the Deposit shall be held and delivered as hereinafter provided.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Cedar Shopping Centers Inc)
