Buyer’s Deposits Sample Clauses
Buyer’s Deposits. Buyer shall deliver to Escrowholder the following to be held in escrow:
(a) the balance of the Purchase Price, as provided herein;
(b) Buyer’s closing instructions to Escrowholder; and
(c) Buyer’s Certificate in the form of Exhibit I attached hereto.
Buyer’s Deposits. In addition to any other obligations contained in this Agreement, on or before the Closing Date, Buyer shall deposit with Escrow Holder:
a. The Purchase Price;
b. Buyer’s share of fees and costs as described in Section 3.8 below;
c. A completed and fully executed Preliminary Change of Ownership Form; and
d. Any other documents or sums of money called for hereunder that have not been previously delivered to FEI or Escrow Holder, as applicable.
Buyer’s Deposits. Prior to Closing, in sufficient time prior thereto to allow Closing to occur on the Closing Date, BUYER shall cause to be delivered into the Escrow the following:
(1) In immediately available funds a sum equal to the Purchase Price, plus BUYER’s estimated Closing Costs, less the Deposit, together with any interest earned thereon; and
(2) Such additional instruments or documents reasonably required by Escrow Holder in order to consummate the purchase and sale of the Property in accordance with the terms and conditions of this Agreement, to the extent consistent with this Agreement, including without limitation escrow instructions.
Buyer’s Deposits. Buyer shall deliver to Escrowholder the following to be held in escrow:
(a) On or before the Tranche 1 Closing Date, the Tranche 1 Purchase Price less the Tranche 1 Xxxxxxx Money, plus costs to be paid by Buyer pursuant to the terms of this Agreement for the Tranche 1 Properties, and plus or minus prorations and adjustments shown on the closing statement executed by Buyer and Seller;
(b) On or before the Tranche 2 Closing Date, the Tranche 2 Purchase Price, less the Tranche 2 Xxxxxxx Money, plus costs to be paid by Buyer pursuant to the terms of this Agreement for the Tranche 2 Properties, and plus or minus prorations and adjustments shown on the closing statement executed by Buyer and Seller;
(c) For each Closing, a Buyer's Certificate in the form of Exhibit H attached hereto; and
(d) For each Closing, an Assignment and Assumption of Purchase Agreement, if applicable.
Buyer’s Deposits. Buyer shall deliver to Escrowholder (i) the Purchase Price, less the Exxxxxx Money, plus interest then held by Escrowholder, plus costs to be paid by Buyer pursuant to the terms of this Agreement and plus or minus prorations and adjustments shown on the Closing Statement executed by Buyer and Sellers, (ii) Buyer’s closing instructions to the Escrowholder, (iii) Buyer’s Certificate of Reaffirmation of Representations in the form of Exhibit G attached hereto, (iv) a release of the environmental indemnity agreement executed by Overlook in connection with the Loan on Three Overlook Point; (v) a release of the environmental indemnity agreement executed by Overlook, Tower and Hxxxxx Holdings L.L.C. (“Hxxxxx”) in connection with the Loan on Two Overlook Point; (vi) a release of the mortgages granted to Buyer in connection with each of the Two Current Mortgage Loans, (vii) a release of the additional guarantee executed by Overlook, Hxxxxx and Tower in connection with the Loan on Two Overlook Point; (viii) a release of the guarantee of recourse of obligations executed by Hxxxxx and Tower in connection with the Loan on Two Overlook Point; (ix) a release of the promissory notes granted to Buyer, as lender, in connection with each of the Two Current Mortgage Loans; (x) a release of the absolute assignment of leases and rents granted to Buyer, as lender, in connection with each of the Two Current Mortgage Loans; (xi) a release of the UCC-1 financing statements granted to Buyer, as lender, in connection with the Two Current Mortgage Loans; (xii) a release of the non-disturbance and attornment agreements granted to Buyer, as lender, in connection with the Two Current Mortgage Loans; and (xiii) the release of the collateral assignment of beneficial interests in land trust executed by American National Bank and Trust Company of Chicago, not personally but as Trustee under Trust No. 120607-03 in connection with the Loan on Two Overlook Point.
Buyer’s Deposits. On or before the Closing Date, Buyer shall pay into escrow the Purchase Price less any credit to Buyer pursuant to this Agreement (including the credit for the Xxxxxxx Money deposits in the amount of $199,900.00 and any interest thereon as described in Section 2 above and the Buyer Broker Commission Credit of $42,500.00 described in Section 10.7 below) and shall deliver to escrow an executed Contract Assignment.
Buyer’s Deposits. On or before one (1) Business Day prior to the Closing Date, Buyer shall deliver to the Escrow Agent each of the following items, duly executed by Buyer, if applicable, and acknowledged, if applicable (collectively, “Buyer’s Deposits”):
12.4.1 The amount of the Purchase Price less the Paid Deposit, together with Buyer’s portion of the Closing Expenses pursuant to Section 4.2;
12.4.2 The Declaration of Value;
12.4.3 The Assignment of Interests Agreement;
12.4.4 The Property Lease;
12.4.5 Documents evidencing the legal status, good standing and authority of Buyer and such other documents, instruments, affidavits, certifications and confirmations as may reasonably be required by the Title Insurer or Escrow Agent to fully effect and consummate the transactions contemplated hereby, so long as they do not require Buyer to expend any additional money or undertake any additional liabilities not contemplated in this Contract; and
12.4.6 The Closing Statement.
Buyer’s Deposits. Buyer hereby delivers to the Escrow Agent into escrow hereunder, and the Escrow Agent acknowledges and accepts receipt of, funds:
(a) for the account of CGI for the amount of the CGI Deposit;
(b) for the account of Xxxxxxxxxx in the amount of the Xxxxxxxxxx Deposit, and
(c) for the account of Sheridan in the amount of the Sheridan Deposit. The CGI Deposit, Xxxxxxxxxx Deposit and the Sheridan Deposit are collectively referred to as the "Escrow Deposits."
Buyer’s Deposits. Buyer shall deliver into escrow the following (collectively the "Buyer Closing Documents"):
(a) the Purchase Price, less the Earnxxx Xxxey then held by Escrowholder, plus costs to be paid by Buyer pursuant to the terms of this Agreement, and plus or minus prorations and adjustments shown on the closing statement executed by Buyer and Seller; (b) Buyer's Certificate of Reaffirmation of Representations in the form attached hereto and incorporated herein as Exhibit "L"; and
(c) Buyer's Closing Instructions.
Buyer’s Deposits. Buyer shall deposit into Escrow the following funds and the following documents (each fully executed, and as to the Recordable Documents, notarized): (a) the Balance of the Purchase Price, plus funds for such prorations and additional charges are required by the Escrow Officer; (b) a certificate (“Buyer’s Certificate”), in form and substance reasonably satisfactory to the Seller, stating that (1) each representation and warranty of Buyer contained in this Agreement (including any exhibit, schedule, or other agreement or document delivered pursuant hereto) is true and correct in all respects on and as of the Closing Date with the same effect as if such representation and warranty had been made on and as of the Closing Date, and (2) Buyer has performed in all material respects all agreements required by this to be performed by it prior to or at the Closing; (c) Buyer’s notice to Seller and Escrow Holder that the Property (including, without limitation, the Title Report or any other aspect of title) is satisfactory to Buyer in all aspects; (d) the Recordable Documents; and (e) such other documents and affidavits as may be reasonably required by the Escrow Holder or the Title Company in connection with the issuance of the Owner’s Title Policy.