Deposit of Exxxxxx Money Sample Clauses

Deposit of Exxxxxx Money. Within two (2) Business Days after the Effective Date, Purchaser shall deposit Twenty Million Dollars ($20,000,000) in cash as a good faith non-refundable deposit (such amount, including any interest earned thereon, the “Exxxxxx Money”) with the Escrow Agent (as defined below). For purposes of this Agreement, a “Business Day” shall mean any day of the year other than any Saturday or Sunday or any other day on which banks located in Mxxxxxxxxx County, Maryland generally are closed for business. The Escrow Agent shall hold and disburse the Exxxxxx Money in accordance with the escrow provisions in Exhibit B. The Exxxxxx Money shall be non- refundable, except as otherwise provided herein. Seller agrees that it shall not deliver any instruction to the Escrow Agent calling for disbursement of the Exxxxxx Money to Seller except following delivery of notice to Purchaser and Escrow Agent of a Purchaser default hereunder and following the expiration of any applicable cure period or as otherwise expressly provided in this Agreement, and Seller further agrees to provide Purchaser with a copy of such disbursement instruction concurrently with the delivery thereof to the Escrow Agent. Provided such supplemental escrow instructions are not in conflict with this Agreement as it may be amended in writing from time to time, Seller and Purchaser agree to execute such supplemental escrow instructions as may be appropriate to enable Escrow Agent to comply with the terms of this Agreement.
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Deposit of Exxxxxx Money. Within three (3) Business Days after the Effective Date, Purchaser shall deposit with the Authority the sum of Ten Thousand and 00/100 Dollars ($10,000.00) (the “Exxxxxx Money”).
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Deposit of Exxxxxx Money. Purchaser shall on or before the Business Day following the Effective Date deposit the amount of Five Million and no/100 Dollars ($5,000,000.00) (the “First Deposit”) with Escrow Agent which is held in a strict joint order escrow as exxxxxx money pursuant to that certain Exxxxxx Money Escrow Agreement, dated as of September 6, 2006, among Seller, Purchaser and Escrow Agent in the form of Exhibit A (the “Exxxxxx Money Escrow Agreement”). If Purchaser terminates this Agreement pursuant to the Due Diligence Contingency in accordance with Article 4, the Exxxxxx Money shall be refunded to Purchaser in accordance with Section 3.2.4 and the Exxxxxx Money Escrow Agreement. If Purchaser does not desire to terminate this Agreement pursuant to the Due Diligence Contingency, then Purchaser shall be obligated to deposit with Escrow Agent on the Business Day following the end of the Due Diligence Period an additional Two Million and 00/100 ($2,000,000.00) (the “Second Deposit”) to be held pursuant to the Exxxxxx Money Escrow Agreement and the Exxxxxx Money shall be non refundable to Purchaser, except as otherwise expressly provided in this Agreement.
Sample 1
Deposit of Exxxxxx Money. Purchaser, pursuant to the Original PSA, deposited with Escrow Agent the amount of Two Hundred Thousand and no/100 Dollars ($200,000.00) (the “Exxxxxx Money”). The Exxxxxx Money shall be held by Escrow Agent in escrow as exxxxxx money and disbursed in accordance with the terms of this Agreement; provided, however, that Purchaser, Seller and Escrow Agent may enter into a separate escrow agreement to memorialize the obligations of Escrow Agent hereunder, the terms of which agreement shall substantially comply with the disbursement requirements set forth herein (the “Exxxxxx Money Escrow Agreement”).
Sample 1
Deposit of Exxxxxx Money. Purchaser shall deposit with Deposit Escrow Agent $4,000,000 (together with any interest earned thereon, the “Exxxxxx Money”) within two (2) Business Days after the Effective Date. If, in accordance with Section 4.1.1, Purchaser elects to terminate this Agreement during the Due Diligence Period, the Exxxxxx Money shall be refunded to Purchaser. If Purchaser elects to proceed to Closing by failing to deliver a Termination Notice prior to the expiration of the Due Diligence Period, then, the Exxxxxx Money shall be non- refundable to Purchaser, except as otherwise expressly provided in this Agreement.
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Deposit of Exxxxxx Money. On or before the third (3rd) business day after the Effective Date hereof, Purchaser shall deposit with Fidelity National Title Insurance Company (in such capacity, the “Escrow Agent”), having its office at 200 Xxxxxxxx Xxxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxx 00000, Attention: Axx Xxxxxx, the sum of TWENTY-FIVE MILLION DOLLARS ($25,000,000.00) (the “Deposit”), either in good funds, by federal wire transfer or in the form of a Letter of Credit. The Escrow Agent shall hold the Deposit in an interest-bearing account reasonably acceptable to Seller and Purchaser, in accordance with the terms and conditions of this Agreement. All interest on such sum shall be deemed income of Purchaser until disbursement, and Purchaser shall be responsible for the payment of all costs and fees imposed on the Deposit account. The Deposit shall be distributed in accordance with the terms of this Agreement and any and all interest accrued against the Deposit shall be disbursed to the payee of the Deposit. The failure of Purchaser to timely deliver the Deposit hereunder shall be a material default, and shall entitle Seller, at Seller’s sole option, to terminate this Agreement immediately.
Sample 1
Deposit of Exxxxxx Money. (i) Concurrently with the execution and delivery of this Agreement by Buyer, Buyer shall deposit with LandAmerica Commercial Services, 600 Xxxxx Xxxxxx, Xxxxx 0000, Xxxxxxx XX 00000 (“Title Company”) the sum of Five Million and No/100 Dollars ($5,000,000.00) representing the first deposit of exxxxxx money paid hereunder by Buyer (“Initial Deposit”). A second deposit in the amount of Three Million and No/100 Dollars ($3,000,000.00) (“Second Deposit”) shall be payable by Buyer and deposited with the Title Company within two (2) business days of expiration of the Contingency Period (hereinafter defined) if Buyer does not exercise its right to terminate the Agreement in accordance with Paragraph 5(c) hereof. The Initial Deposit and Second Deposit, together with all interest earned thereon, are collectively referred to herein as the “Exxxxxx Money.”
Sample 1
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Related to Deposit of Exxxxxx Money

  • Deposit of Moneys Prior to 11:00 a.m. New York City time on each interest payment date and maturity date with respect to each Series of Securities, the Company shall have deposited with the Paying Agent in immediately available funds money sufficient to make cash payments due on such interest payment date or maturity date, as the case may be, in a timely manner which permits the Paying Agent to remit payment to the Holders on such interest payment date or maturity date, as the case may be.

  • Deposit of Funds Before 11:00 A.M., New York City time, on each Redemption Date, Fundamental Change Repurchase Date or Interest Payment Date, and on the Maturity Date or any other date on which any cash amount is due on the Notes, the Company will deposit, or will cause there to be deposited, with the Paying Agent cash, in funds immediately available on such date, sufficient to pay the cash amount due on the applicable Notes on such date. The Paying Agent will return to the Company, as soon as practicable, any money not required for such purpose.

  • Deposit of Shares Subject to the terms and conditions of this Deposit Agreement, Shares or evidence of rights to receive Shares may be deposited by delivery thereof to any Custodian hereunder, accompanied by any appropriate instruments or instructions for transfer, or endorsement, in form satisfactory to the Custodian, together with all such certifications as may be required by the Depositary or the Custodian in accordance with the provisions of this Deposit Agreement, and, if the Depositary requires, together with a written order directing the Depositary to deliver to, or upon the written order of, the person or persons stated in such order, the number of American Depositary Shares representing such deposit. No Share shall be accepted for deposit unless accompanied by evidence satisfactory to the Depositary that any necessary approval has been granted by any governmental body in the Cayman Islands or the People’s Republic of China which is then performing the function of the regulation of currency exchange. If required by the Depositary, Shares presented for deposit at any time, whether or not the transfer books of the Company or the Foreign Registrar, if applicable, are closed, shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the Depositary, which will provide for the prompt transfer to the Custodian of any dividend, or right to subscribe for additional Shares or to receive other property which any person in whose name the Shares are or have been recorded may thereafter receive upon or in respect of such deposited Shares, or in lieu thereof, such agreement of indemnity or other agreement as shall be satisfactory to the Depositary. At the request and risk and expense of any person proposing to deposit Shares, and for the account of such person, the Depositary may receive certificates for Shares to be deposited, together with the other instruments herein specified, for the purpose of forwarding such Share certificates to the Custodian for deposit hereunder. Upon each delivery to a Custodian of a certificate or certificates for Shares to be deposited hereunder, together with the other documents specified above, such Custodian shall, as soon as transfer and recordation can be accomplished, present such certificate or certificates to the Company or the Foreign Registrar, if applicable, for transfer and recordation of the Shares being deposited in the name of the Depositary or its nominee or such Custodian or its nominee. Deposited Securities shall be held by the Depositary or by a Custodian for the account and to the order of the Depositary or at such other place or places as the Depositary shall determine.

  • Deposit of Escrow Funds By its execution hereof, Recipient acknowledges that the deposit of the Escrow Funds into escrow with Escrow Agent does not confer any rights or claims to the Escrow Funds by Recipient unless all of the conditions in Section 2 above and the conditions as set forth in the Grant Agreement, have been satisfied.

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