Deposit and Investment of Exxxxxx Money Sample Clauses

Deposit and Investment of Exxxxxx Money. Within three Business Days after the Effective Date, Purchaser shall deposit the Exxxxxx Money with Escrow Agent and deliver a completed, executed Form W-9 to Escrow Agent and Seller. Escrow Agent shall invest the Exxxxxx Money in government insured interest-bearing accounts satisfactory to Seller and Purchaser, shall not commingle the Exxxxxx Money with any funds of Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account.
Sample 1
Deposit and Investment of Exxxxxx Money. Within two (2) business days after the Effective Date, Purchaser shall deposit the Initial Exxxxxx Money with Escrow Agent. If upon the expiration of the Inspection Period, this Agreement is still in force and effect, Purchaser shall, no later than the two (2) business day after the last day of the Inspection Period, deposit the Additional Exxxxxx Money, as specified in Subsection 1.1.4 above, with Escrow Agent. Escrow Agent shall invest the Exxxxxx Money in government insured interest-bearing accounts satisfactory to Seller and Purchaser, shall not commingle the Exxxxxx Money with any funds of Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account.
Sample 1
Deposit and Investment of Exxxxxx Money. Within three (3) business days after the Effective Date, Purchaser shall deposit the Initial Exxxxxx Money with Escrow Agent. Escrow Agent shall invest the Exxxxxx Money in government insured interest-bearing accounts satisfactory to Seller and Purchaser, shall not commingle the Exxxxxx Money with any funds of Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account.
Sample 1
Deposit and Investment of Exxxxxx Money. No later than Friday, October 30, 2020, Purchaser shall deposit (or cause to be deposited) the Exxxxxx Money with Escrow Agent. Escrow Agent shall invest the Exxxxxx Money in government insured interest-bearing accounts satisfactory to Seller and Purchaser, shall not commingle the Exxxxxx Money with any funds of Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account. The Exxxxxx Money shall become non-refundable to Purchaser upon the expiration of the Due Diligence Period (as defined below), except as expressly provided in this Agreement (including, Sections 5.3, 6.2, 6.3 and 10.2), provided, however, the Exxxxxx Money shall be applied to the Purchase Price in the event Closing occurs. For purposes hereof, the “Due Diligence Period” shall be the period commencing on the Effective Date and expiring at 5:00pm Central Time on October 30, 2020. Purchase and Sale Agreement 6000 Xxxxxx X. Xxxxxxx Freeway, Dallas, Texas 4000 Xxxxx Xxxxxxxx Xxxxxxx, Xxxxxxx Xxxxxx, Xxxxx 00000, 14639 and 10000 Xxxxxx Xxxx, Xxxxxxx, Xxxxx 00000 Inwood Road, Farmers Branch, Texas
Sample 1
Deposit and Investment of Exxxxxx Money. Within one (1) business day after the Effective Date, Purchaser shall deposit the Initial Exxxxxx Money with Escrow Agent. Escrow Agent shall invest the Exxxxxx Money in government insured interest-bearing accounts satisfactory to Seller and Purchaser, shall not commingle the Exxxxxx Money with any funds of Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account.
Sample 1
Deposit and Investment of Exxxxxx Money. Prior to the Effective Date, the Operating Partnership has caused to be deposited as initial exxxxxx money with the Escrowee $300,000 (the “Initial Deposit”). Within three Business Days following the Effective Date, Contributee shall deposit or cause to be deposited as additional exxxxxx money $650,000 with the Escrowee. Within three Business Days after the expiration of the Inspection Period, Contributee shall deposit or cause to be deposited as additional exxxxxx money $1,200,000 (together with the $650,000 exxxxxx money, the “Exxxxxx Money”). The Escrowee shall disburse the Initial Deposit and the Exxxxxx Money in the manner provided for in Section 4.4. The Escrowee shall be authorized, at the Operating Partnership’s option, to invest the Initial Deposit and the Exxxxxx Money in an interest-bearing account at a federally-insured bank. Except as set forth in Section 4.4, the Operating Partnership shall be entitled to all interest accrued on the Initial Deposit and the Exxxxxx Money, regardless of whether the transactions contemplated by this Agreement are closed.
Sample 1
Deposit and Investment of Exxxxxx Money. Within five (5) Business Days after the Effective Date, Purchaser shall deposit the Exxxxxx Money with Title Company.
Sample 1

Related to Deposit and Investment of Exxxxxx Money

  • Deposit and Securities Accounts (Please list all accounts; attach separate sheet if additional space needed)

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Deposit Accounts For each Deposit Account that any Grantor at any time opens or maintains, other than Deposit Accounts (A) that are payroll accounts, withholdings tax accounts, xxxxx cash accounts or flexible spending benefit accounts or trust, escrow or other fiduciary accounts or (B) which do not hold for any period of five consecutive days, an aggregate amount in excess of $1,000,000, such Grantor shall, upon the Collateral Agent’s request, either (i) cause the depositary bank to agree to comply at any time with instructions from the Collateral Agent to such depositary bank directing the disposition of funds from time to time credited to such Deposit Account, without further consent of such Grantor or any other person, pursuant to an agreement in form and substance satisfactory to the Collateral Agent, or (ii) arrange for the Collateral Agent to become the customer of the depositary bank with respect to the Deposit Account, with the Grantor being permitted, only with the consent of the Collateral Agent, to exercise rights to withdraw funds from such Deposit Account. The Collateral Agent agrees with each Grantor that the Collateral Agent shall not give any such instructions or withhold any withdrawal rights from any Grantor, unless an Event of Default has occurred and is continuing, or, after giving effect to any withdrawal, would occur; provided, however, upon the waiver by the applicable Required Lenders of such Event of Default, so long as no other Event of Default shall then exist or be continuing, the Collateral Agent shall revoke any such instruction. The provisions of this paragraph shall not apply to any Deposit Account for which any Grantor, the depositary bank and the Collateral Agent have entered into a cash collateral agreement specially negotiated among such Grantor, the depositary bank and the Collateral Agent for the specific purpose set forth therein.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Commingling and Investment The Trustee is expressly authorized in its discretion: (a) To transfer from time to time any or all of the assets of the Fund to any common, commingled, or collective trust fund created by the Trustee in which the Fund is eligible to participate, subject to all of the provisions thereof, to be commingled with the assets of other trusts participating therein; and (b) To purchase shares in any investment company registered under the Investment Company Act of 1940, 15 U.S.C. 80a-1 et seq., including one which may be created, managed, underwritten, or to which investment advice is rendered or the shares of which are sold by the Trustee. The Trustee may vote such shares in its discretion.

  • LOCATION OF QUALIFIED PROPERTY AND INVESTMENT The Land on which the Qualified Property shall be located and on which the Qualified Investment shall be made is described in EXHIBIT 2, which is attached hereto and incorporated herein by reference for all purposes. The Parties expressly agree that the boundaries of the Land may not be materially changed from its configuration described in EXHIBIT 2 unless amended pursuant to the provisions of Section 10.2 of this Agreement.

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Pledgor, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Deposit of Fund Assets in U.S. Securities Systems The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System in compliance with the conditions of Rule 17f-4 under the 1940 Act, as amended from time to time.

  • Pennsylvania Motor Vehicle Sales Finance Act Licenses The Indenture Trustee shall use its best efforts to maintain the effectiveness of all licenses required under the Pennsylvania Motor Vehicle Sales Finance Act in connection with this Indenture and the transactions contemplated hereby until the lien and security interest of this Indenture shall no longer be in effect in accordance with the terms hereof.