Balance at Closing Clause Samples
The "Balance at Closing" clause defines the requirement for the buyer to pay the remaining purchase price at the time the transaction is finalized. Typically, this clause specifies that after accounting for any deposits or prior payments, the outstanding balance must be settled in full, often through a specified payment method such as wire transfer or certified funds, on the closing date. Its core function is to ensure that all financial obligations are met before ownership or possession is transferred, thereby preventing disputes over unpaid amounts and facilitating a smooth completion of the transaction.
Balance at Closing. The balance of the Purchase Price dues at closing, after the payments of the Initial Deposit and any additional deposits, shall be paid by certified check, bank check, or domestic wire transfer.
Balance at Closing. Subject to the credits and adjustments set forth in this Agreement, Purchaser shall pay the balance of the Purchase Price to Seller at Closing (as defined below) in the form of immediately available funds.
Balance at Closing. Subject to pro-rations and/or credits provided for in this Contract, Buyer shall pay to Seller the Purchase Price, less the Deposit credited thereto by wire transfer at Closing (as hereinafter defined).
Balance at Closing. The balance of the Purchase Price shall be paid to Seller by cashier’s check or wired funds at Closing.
Balance at Closing. The balance of the Purchase Price (not including all of Purchaser’s Closing costs, prepaids, and escrow deposits required hereunder) in cash or certified funds. $ Non-Pre-sale -1- Purchaser’s Initials
Balance at Closing. At Closing, Purchaser shall pay to Seller the balance of the Purchase Price in immediately available funds.
Balance at Closing. The balance of the Purchase Price shall be paid by Buyer at the Closing, by:
(i) taking title to the Carriage Property subject to and assuming all obligations and liabilities under and/or with respect to the Carriage Loan Documents, taking title to the Georgetown Property subject to and assuming all obligations and liabilities under and/or with respect to the Georgetown Loan Documents, taking title to the Lakeshore Property subject to and assuming all obligations and liabilities under and/or with respect to the Lakeshore Loan Documents, and taking title to the Sunset Property subject to and assuming all obligations and liabilities under and/or with respect to the Sunset Loan Documents; and (ii) by paying at Closing the estimated sum of Two Million Six Hundred Thirty-Nine Thousand Seven Hundred Forty-Eight and 07/100 ($2,639,748.07) Dollars, representing the balance of the Purchase Price (after deducting the Contract Deposit), subject to any credits and/or prorations provided for in this Contract. Said payment shall be made by certified or cashier's check payable to Seller, or at Seller's direction to Escrow Agent, for the benefit of Seller and as agent for Seller, provided however, the amount of said estimated sum shall be increased by the difference between the actual outstanding principal balance of the debt evidenced and/or secured by the Loan Documents affecting all four (4) Properties on the date of Closing and the amount declared in paragraphs 1(b)(i) through 1(b)(iv) above as being the current outstanding principal indebtedness evidenced and/or secured by the Loan Documents.
Balance at Closing. The balance of the Purchase Price shall be paid by Buyer at the Closing, subject to any credit and/or prorations provided for in this Contract. Said payment shall be made by certified or cashier's check payable to Seller or by wire transfer to Seller's account(s) or at Seller's direction to Escrow Agent, for the benefit of Seller and as agent for Seller or as Seller may direct in writing.
Balance at Closing. The balance of the Purchase Price shall be paid by Purchaser at Closing as later defined, in cash, certified funds or by cashier's check. 3. TITLE EXAMINATION,
Balance at Closing. The balance of the Purchase Price (not including all of Purchaser’s Closing costs, prepaids, and escrow deposits required hereunder) in cash or certified funds. $ Columbia: 733285 v2 -1- Purchaser’s Initials