Deposit Payment of Purchase Price. Buyer has previously submitted a deposit of Ten Thousand Dollars ($10,000.00) (“Deposit”) into Escrow. The Deposit (inclusive of all accrued interest thereon) shall be nonrefundable except in the event of a Seller Default and shall be applied to the Purchase Price at Closing. The remaining balance of the Purchase Price shall be paid in cash or other immediately available funds at the Closing.
Deposit Payment of Purchase Price. Within two (2) Business Days from the Effective Date, Buyer shall pay a good faith deposit in the amount of Eight Million and 00/100 Dollars ($8,000,000.00) (the “Deposit”) to First American Title Insurance Company (“Escrow Agent”) having an office at 000 Xxxxx Xxxxxx, Xxx Xxxx, XX 00000, Attention: Xxxxxxxx Xxxxxxxx. Escrow Agent, by wire or intra-bank transfer of immediately available funds. Escrow Agent shall give prompt written confirmation to Sellers of Escrow Agent’s receipt of the Deposit. If the Deposit is not paid when due, Sellers shall have the right, at its option, to terminate this Agreement. The Deposit constitutes a deposit to be applied, subject to the provisions of this Agreement, toward the payment of the Purchase Price. The Deposit shall be invested and disbursed by Escrow Agent in accordance with the terms and conditions of the Escrow Agreement attached hereto as Exhibit B the (“Escrow Agreement”) and to be executed by Sellers, Buyer and the Escrow Agent. All interest earned on the Deposit shall be paid to the party entitled to receive the Deposit. Buyer shall pay Sellers by wire transfer of federal funds at the Closing (hereinafter defined) an amount (the “Closing Payment”) equal to (i) the Purchase Price, (ii) plus or minus net adjustments and prorations provided for in this Agreement, and (iii) minus the Deposit. The Deposit shall be disbursed by Escrow Agent to Sellers at the Closing.
Deposit Payment of Purchase Price. Within two (2) Business Days after the Effective Date, Buyer shall remit a sum equal to five percent (5%) of the Purchase Price (the sum so calculated, together with all interest earned on such sum from and after the Effective Date, being known under this Agreement as the “Deposit”), to the following (the “Title Company”): First American Title Insurance Company, National Commercial Services, 000 Xxxxx Xxxxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxxx 00000. The Deposit shall be held in escrow by the Title Company for application and disbursement under the terms of this Agreement. At Closing, the balance of the Purchase Price in excess of the Deposit (including any Carrying Payments that may have been released and paid to Seller under Section 4.1(E)), plus or minus any prorations, shall be payable by Buyer to Seller in immediately available funds.
Deposit Payment of Purchase Price. Buyer has paid a deposit of $ , with the balance of $ due to Seller. The expected delivery date is , or such other date as the parties may mutually agree. Payment of the balance may be made by cash, cashier’s check, money order, or by Square. Deposits and final payment will be made by agreed upon method 10 days before the Dog is shipped or the day it is picked up in cash. No personal checks are allowed unless previously discussed. Deposits are non refundable.
Deposit Payment of Purchase Price. Purchaser agrees to pay to Seller, and Seller agrees to accept payment of the Purchase Price as follows:
(a) The Deposit (together with interest thereon, net of investment charges, if any) shall be (i) paid to Seller and applied against the Purchase Price at Closing, or (ii) disbursed in accordance with the terms hereof, if Closing does not occur as contemplated hereby.
(b) At Closing, Purchaser shall pay to Seller the balance of the Purchase Price (after deduction of the Deposit, together with net interest earned thereon, paid to Seller and applied against the Purchase Price as above provided), plus or minus prorations as hereinafter provided, by wire transfer of immediately available federal funds.
Deposit Payment of Purchase Price. Purchaser agrees to pay to Seller, and Seller agrees to accept payment of the Purchase Price as follows:
(a) The Deposit (and interest thereon, if any) shall be (i) applied against the Purchase Price at closing; (ii) refunded or returned to Purchaser in the event that this Agreement is terminated without a default hereunder by Purchaser, or (iii) forfeited to Seller in the event of Purchaser's default hereunder.
(b) At closing, Purchaser shall pay to Seller the balance of the Purchase Price (after deduction of any cash Deposit, including interest thereon, applied against the Purchase Price as above provided), minus prorations as hereinafter provided, in cash or by certified or cashier's check or by wire transfer of collected federal funds.
Deposit Payment of Purchase Price. Purchaser agrees to pay to Seller, and Seller agrees to accept payment of the Purchase Price as follows:
(a) The Deposit (and interest thereon, if any) shall be (i) applied against the Purchase Price at closing, (ii) refunded or returned to Purchaser in the event that this Agreement is terminated without fault on the part of Purchaser, or (iii) paid to Seller and retained by Seller as liquidated damages in the event of Purchaser's default hereunder as contemplated by Section 16.01 hereof.
(b) At closing, Purchaser shall pay to Seller the balance of the Purchase Price (after deduction of the Deposit, including interest thereon, applied against the Purchase Price as above provided), plus or minus prorations, as hereinafter provided, in cash by wire transfer of collected federal funds.
Deposit Payment of Purchase Price. Purchaser agrees to pay to Seller, and Seller agrees to accept payment of the Purchase Price as follows:
(a) The Deposit (and interest thereon net of investment charges, if any) shall be (i) paid to Seller and applied against the Purchase Price at Closing or (ii) disbursed in accordance with the terms hereof if Closing does not occur as contemplated hereby.
(b) At Closing, Purchaser shall pay to Seller the balance of the Purchase Price (after deduction of the (i) Deposit, including net interest thereon, paid to Seller and applied against the Purchase Price as above provided and (ii) the principal balance of the Greenwich Mortgage to be assumed by Purchaser in accordance with Section 13.2), plus or minus prorations or adjustments as hereinafter provided, in cash or by wire transfer of collected federal funds.
Deposit Payment of Purchase Price. 7.1 On the Effective Date, Purchaser shall remit One Hundred Dollars ($100.00) (the "Deposit") to Seller by wire transfer of immediately available funds to an interest-bearing savings account specified in writing by Seller, which funds shall be held by Seller in trust until the first Closing and applied to the Purchase Price. Interest earned on the Deposit shall be for the account of Purchaser and shall be distributed at the direction of Purchaser.
7.2 On each Closing Date, the Purchase Price payable by Purchaser on such Closing Date shall be paid in immediately available funds via wire transfer to an account designated by Seller prior to such Closing Date; provided, however, that with respect to a Substitution pursuant to Section 7, the Purchase Price shall be deemed paid by the substitution of the Breaching Asset with the exchanged Offered Asset.
Deposit Payment of Purchase Price
