Deposit/Further Payments. 2.1.1. Within three (3) business days following the Effective Date, Buyer shall deposit into Escrow (hereinafter defined) the amount of FIVE HUNDRED THOUSAND and No/100 Dollars ($500,000.00) (the “Initial Deposit”), in the form of a wire transfer payable to Escrow Holder. Escrow Holder shall place the Initial Deposit into an interest bearing money market account at a bank or other financial institution reasonably satisfactory to Buyer, and interest thereon shall be credited to Buyer’s account and shall be the property of Buyer.
Deposit/Further Payments. 2.1.1. Within two (2) business days after the expiration of the Due Diligence Period and if the Buyer has not terminated this Agreement Buyer shall deposit into Escrow (hereinafter defined) the amount of Two Hundred Thousand And No/100 Dollars ($200,000.00) (the "Deposit"), in the form of a wire transfer payable to Old Republic Title Company, Las Vegas, Nevada ("Escrow Holder"). Escrow Holder shall place the Deposit into an interest bearing money market account at a bank or other financial institution reasonably satisfactory to Buyer, and interest thereon shall be credited to Buyer's account and shall be deemed to be part of the Deposit. The Deposit shall become non refundable, provided that, the Lender approves Buyer's assumption of the loan as herein defined except in the event of (a) a default by Seller, (b) a casualty or condemnation which gives the Buyer the right to terminate this Agreement or (c) a failure of a Buyer condition precedent. In the event that this Agreement is terminated by Buyer in accordance with its terms, the Deposit shall be immediately and automatically paid over to Buyer without the need for any further action by either party hereto.
Deposit/Further Payments. 2.1.1. Concurrent with Opening of Escrow (as hereinafter defined), Buyer shall deposit into Escrow (as hereinafter defined) the amount of Four Million and No/100 Dollars ($4,000,000.00) (the “Deposit”), in the form of a wire transfer payable to Chicago Title Insurance Company, 700 Xxxxxx Xxxxxx, Xxxxx 000, Xxx Xxxxxxx, Xxxxxxxxxx 90017(the “Escrow Holder”) — Txxxx Xxxxxxx, escrow officer, 200.000.0000 (phone) — 200.000.0000 (fax). Escrow Holder shall place the Deposit into an interest bearing money market account at a bank or other financial institution reasonably satisfactory to Buyer. If Buyer terminates (or is deemed to have terminated) this Agreement for any reason during the Inspection Period (as hereinafter defined), the Deposit and all interest earned thereon shall be returned to Buyer. If the Closing occurs, the Deposit and all interest earned thereon shall be credited to Buyer’s account at the Close of Escrow.
Deposit/Further Payments. 2.1.1. Within two (2) business days following the date a fully executed original of this Agreement is delivered to the Escrow Holder (such delivery date hereafter the "Effective Date"), Buyer shall deposit into Escrow the amount of FIFTY THOUSAND and No/100 Dollars ($50,000) (the "Deposit"), in the form of a check or immediately available funds made payable to Chicago Title Company, 000 Xxxx Xxxxxxxxxxx Xxxx, Xxx Xxxxxxxxxx, XX 00000, Attn: Xxxxx Xxxxxx ("Escrow Holder"). Escrow Holder shall place the Deposit into an interest bearing money market account at a bank or other financial institution reasonably satisfactory to Buyer, and interest thereon shall be deemed a part of the Deposit. In the event that this Agreement is terminated by Buyer, in accordance with Section 5 herein below, the Deposit shall be immediately and automatically paid over to Buyer without the need for any further action by either party hereto.
Deposit/Further Payments. 2.1.1. Buyer has deposited into Escrow (hereinafter defined) the amount of Fifty Thousand and No/ 100 Dollars ($50,000.00) (the “Deposit”), in the form of a wire transfer payable to Chicago Title Company, attn. Kxxxx Xxxxxx, at 500 X. Xxxxxxxxxxx Xxxx, Xxx Xxxxxxxxxx, XX 00000 (“Escrow Holder”) in accordance with the standard escrow agreement of the Escrow Holder. Escrow Holder has placed the Deposit into an interest bearing money market account at a bank or other financial institution reasonably satisfactory to Buyer, and interest thereon shall be credited to Buyer’s account and shall be deemed to be part of the Deposit. The Buyer has deposited with the Escrow Holder an additional deposit of One Hundred Fifty Thousand Dollars ($150,000.00). One-Third (1/3rd) of the total amount, Sixty Six Thousand, Six Hundred Sixty Six Dollars and 67 cents ($66,666.67) of this deposit is the “Deposit” applicable to this Agreement. The remainder of this deposit is applicable to an agreement between the parties for the purchase of that certain real property located in Broward County, Florida being legally described as “Plantation Plaza”. THE ENTIRE DEPOSIT HAS BEEN PLACED IN ESCROW.
Deposit/Further Payments. 2.1.1. Provided this agreement has not been sooner terminated, Buyer shall deposit with LandAmerica Commercial Services, Mn: Xxxx Xxxx, Telephone: 000-000-0000, Facsimile: 000-000-0000 0000 Xxxx Xxxxxx, 00xx Xxxxx, Xxxxxx, Xxxxxxxxxx 00000 (“Escrow Holder”) the amount of One Hundred Thousand and No/100 Dollars ($100,000.00) (the “Initial Deposit”) on the date that is the later of (a) fifteen (15) days following the Effective Date; or (b) five (5) business days following receipt by Buyer of the fully executed Lease. Escrow Holder shall immediately release the Initial Deposit to Seller.
Deposit/Further Payments. 2.1.1. Within two (2) business days following the date a fully executed original of this Agreement is delivered to Escrow Holder (as hereinafter defined) (the "Effective --------- Date"), Buyer shall deposit into Escrow the amount of ---- Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) (the "Deposit"), in immediately available ------- funds with Commonwealth Land Title Company, 000 Xxxxxxxx, Xxxxx 000, Xxxxxx, Xxxxxxxxxx 00000, Attn: Xxxxxxx Mesh ("Escrow Holder"). Escrow Holder shall ------------- place the Deposit into an interest bearing money market account at a bank or other financial institution reasonably satisfactory to Buyer, and interest thereon shall be credited to Buyer's account and shall be deemed to be part of the Deposit. If this Agreement is terminated by Buyer in accordance with its terms, the Deposit shall be immediately and automatically paid over to Buyer without the need for any further action by either party hereto. If Buyer fails to deliver the Deposit into Escrow within two (2) business days following the date a fully executed original of this Agreement is delivered to Escrow Holder, this Agreement shall automatically terminate at the end of the second business day, and neither party shall have any liability hereunder.
Deposit/Further Payments. 2.1.1. Upon the date which a copy of this Agreement (which may be a scanned and emailed copy) executed by the Seller and Buyer is received by the Escrow Holder, as defined below (the date the fully executed original of this Agreement is received by the parties shall hereinafter be referred to as the “Effective Date”), Buyer shall deposit into Escrow (hereinafter defined) the amount of Two Million Six Hundred Thousand and No/100 Dollars ($2,600,000.00) (the “Deposit”), in the form of a wire transfer payable to First American Title Insurance Company, 000 Xxxx Xxxx Xxxxxx, Xxxxx 000, Xxxxxxxxxxxx, XX 00000, Attn: Xxxxx X. Xxxxx, Indiana State Manager (email: xxxxxx@xxxxxxx.xxx, Ph: 317-684-7556) (“Escrow Holder”). Escrow Holder shall place the Deposit into an interest bearing money market account at a bank or other financial institution reasonably satisfactory to Buyer, and interest thereon shall be credited to Buyer’s account and shall be deemed to be part of the Deposit. Buyer shall provide Escrow Holder with an executed W-9 so that interest earned on the Deposit may be reported by Escrow Holder to the Internal Revenue Service as earned by Buyer.
Deposit/Further Payments. 1.0.0 Concurrent with Opening of Escrow (as hereinafter defined), Buyer shall deposit into Escrow (as hereinafter defined) the amount of One Hundred Thousand Dollars ($100,000.00) (the "Deposit"), in the form of a wire transfer payable to Chicago Title Company, 000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxx Xxxxxxxxx, Xxxxxxxxxx 00000, Attention: Xxxxx Xxxx ("Escrow Holder"). Escrow Holder shall place the Deposit into an interest-bearing money market account at a bank or other financial institution reasonably satisfactory to Buyer, and all interest thereon shall be credited to Buyer's account.
Deposit/Further Payments. 2.1.1. Within three (3) days from the Effective Date, Buyer shall deposit into Escrow (hereinafter defined) the amount of Five Hundred Thousand and No/100 Dollars ($500,000.00) (the “Deposit”), in the form of a wire transfer payable to Land America Title Company, 000 Xxxxxxxx Xxxx., Xxxxx 0000, Xxx Xxxxxxx, XX 00000, Attn: Xxxx XxXxxxxx (“Escrow Holder”). Escrow Holder shall place Deposit into an interest bearing money market account at a bank or other financial institution reasonably satisfactory to Buyer, and interest thereon shall be credited to Buyer’s account (except that Seller shall be entitled to such interest if Seller is entitled to retain the Deposit under this Agreement) and shall be deemed to be part of the Deposit. If Buyer closes the transactions contemplated by this Agreement, the Deposit shall be applied to the Purchase Price.
