Common use of Auction Deposit Clause in Contracts

Auction Deposit. At close of auction, Buyer paid to First American Title Company (“Closing Agent”), by cashier’s check, a deposit in the amount of Two Hundred Fifty Thousand Dollars ($250,000) (“Auction Deposit”). The Auction Deposit is non-refundable in the event Buyer fails to close through no fault of Seller, but shall be applied at Closing to payment of the purchase price for the Property. The Auction Deposit will initially be deposited in an account with Closing Agent, and upon funding of said amount, shall be disbursed to Seller and deposited in Seller’s account. SAMPLE

Auction Deposit. At close of auction, Buyer paid to First American Title Company (“Closing Seller’s Agent”), by cashier’s check, a deposit in the amount of Two Hundred Fifty Ten Thousand Dollars ($250,00010,000) (“Auction Deposit”). The Auction Deposit is non-refundable in the event Buyer fails to close through no fault of Seller, but shall be applied at Closing to payment of the purchase price for the Property. The Auction Deposit will initially be deposited in an account with Closing Agent, and upon funding of said amount, shall be disbursed to Seller and deposited in Seller’s account. SAMPLE.

Auction Deposit. At close of auction, Buyer paid to First American Title Company (“Closing Agent”), by cashier’s checkcheck(s), a deposit in the amount of Two Five Hundred Fifty Thousand Dollars ($250,000500,000) (“Auction Deposit”). The Auction Deposit is non-refundable in the event Buyer fails to close through no fault of Seller, but shall be applied at Closing to payment of the purchase price for the Property. The Auction Deposit will initially be deposited in an account with Closing Agent, and upon funding of said amount, shall be disbursed to Seller and deposited in Seller’s account. SAMPLE.

Auction Deposit. At close of auction, Buyer paid to First American Title Company (“Closing Agent”), by cashier’s check, a deposit in the amount of Two Hundred Fifty Thousand Dollars ($250,000) (“Auction Deposit”). The Auction Deposit is non-refundable in the event Buyer fails to close through no fault of Seller, but shall be applied at Closing to payment of the purchase price for the Property. The Auction Deposit will initially be deposited in an account with Closing Agent, and upon funding of said amount, shall be disbursed to Seller and deposited in Seller’s account. SAMPLE.

Auction Deposit. At close of auction, Buyer Xxxxx paid to First American Title Company (“Closing Agent”), by cashierxxxxxxx’s check, a deposit in the amount of Two Hundred Fifty Thousand Dollars ($250,000) (“Auction Deposit”). The Auction Deposit is non-refundable in the event Buyer fails to close through no fault of Seller, but shall be applied at Closing to payment of the purchase price for the Property. The Auction Deposit will initially be deposited in an account with Closing Agent, and upon funding of said amount, shall be disbursed to Seller and deposited in Seller’s account. SAMPLE.