DEPOSIT TRANSFER. The term "Deposit Transfer" shall have the meaning specified in section 3.1.
DEPOSIT TRANSFER. Buyer's Deposit shall remain in escrow (or in trust if held by Agent), until removal of the inspection contingencies set forth in paragraph(s) 6, 6.1, 7, 8, 8.1, 8,2 and 8.3 hereof. Upon removal of said contingencies, Buyer's Deposit shall be delivered to escrow by Agent (if same has been held in trust by Agent); a grant deed duly executed by Seller, sufficient to convey title to Buyer, shall be delivered to escrow by Seller; and Buyer and Seller shall execute escrow instructions directing the Escrow Holder to release immediately from escrow and deliver to Seller Buyer's entire Deposit (including increases, if any). Buyer acknowledges and agrees that, in the event Buyer defaults on this Agreement after removal of contingencies, Buyer’s Deposit is non-refundable and is forfeited to Seller. Seller shall hold Buyer's Deposit subject to the remaining terms and conditions of this Agreement. If the Property is made unmarketable by Seller, or acts of God, or Seller should default on this Agreement, the Deposit shall be returned to Buyer and deed shall be returned to Seller. If Seller defaults on this Agreement after Seller has received the Deposit, Seller understands and agrees that Buyer’s Deposit must be returned to Buyer immediately. Buyer's Initials Seller's Initials
DEPOSIT TRANSFER. Buyer's Deposit shall remain in trust, if held by Agent, or in escrow if previously deposited in escrow, until removal of the inspection contingencies set forth in paragraph(s) 5, 8.1, 8.2, 8.3 hereof. Upon removal of said contingencies, Buyer's Deposit shall be delivered to escrow by Agent (if same has been held in trust by Agent); a grant deed duly executed by Seller, sufficient to convey title to Buyer, shall be delivered to escrow by Seller; and Buyer and Seller shall execute escrow instructions directing the Escrow Holder to release immediately from escrow and deliver to Seller Buyer's entire Deposit (including increases, if any). Seller shall hold Buyer's Deposit subject to the remaining terms and conditions of this Agreement. If the Property is made unmarketable by Seller, or acts of God, the Deposit shall be returned to Buyer and deed shall be returned to Seller.
DEPOSIT TRANSFER. Within one (1) Business Day of the Effective Date of this Amendment, Purchaser shall direct the transfer of the Deposit from LandAmerica Commercial Services, c/o Xxxxxxxx Xxxxxx, 0000 00xx Xxxxxx, Xxxxx 0000, Xxxxxx, XX 00000 (“Prior Escrow Agent”) to Escrow Agent. Purchaser shall be responsible for all costs and expenses associated with such transfer, including but not limited to any title cancellation fees of Prior Escrow Agent.
DEPOSIT TRANSFER. Xxxxx’s Deposit shall remain in trust, if held by Agent, or in escrow if previously deposited in escrow, until removal of the inspection contingencies set forth in paragraph(s) 5, 8.1, 8.2 & 39.1 hereof. Upon removal of said contingencies, Xxxxx’s Deposit shall be delivered to escrow by Agent (if same has been held in trust by Agent); a warranty deed duly executed by Xxxxxx, sufficient to convey title to Buyer, shall be delivered to escrow by Seller; and Xxxxx and Seller shall execute escrow instructions directing the Escrow Holder to release immediately from escrow and deliver to Seller Xxxxx’s entire Deposit (including increases, if any). Seller shall hold Buyer’s Deposit subject to the remaining terms and conditions of this Agreement. Xxxxx acknowledges and agrees that, in the event Buyer defaults on this Agreement after removal of contingencies, Xxxxx’s Deposit is non-refundable and is forfeited to Seller. If the Property is made unmarketable by Seller or Seller defaults on this Agreement, the Deposit must immediately be returned to Buyer and the deed shall be returned to Seller. Notwithstanding the foregoing, no party shall be liable or responsible to the other party, nor be deemed to have defaulted under or breached this Agreement, for any failure or delay in fulfilling or performing any term of this Agreement when, and to the extent, such failure or delay is caused by or results from one or more of the following force majeure events (“Force Majeure Events”), so long as the Force Majeure Event is beyond the reasonable control of the party impacted by it (the “Impacted Party”):
DEPOSIT TRANSFER. Buyer's deposit shall remain with Escrow Holder until removal of the Inspection Contingencies set forth in Paragraph(s) 4 and 6 hereof. Upon removal of said contingencies, Buyer's deposit of Five Hundred Thousand Dollars ($500,000) ("Xxxxxxx Money Deposit") shall become immediately non-refundable and applicable to the Purchase Price. Buyer acknowledges and agrees that, in the event Buyer defaults on this Agreement after removal of contingencies, Buyer's Deposit is non-refundable and is forfeited to Seller. Seller shall hold Buyer's Deposit subject to the remaining terms and conditions of this Agreement. If the Property is made unmarketable by Seller, or acts of God, or Seller should default on this Agreement, the Deposit shall be returned to Buyer.
DEPOSIT TRANSFER. Tenant grants Landlord the authority to transfer the security deposit to the owner or any subsequent owner of the property at any time, with or without notice to the tenant.
DEPOSIT TRANSFER. All rights with respect to any deposit with respect to a Project that has been paid shall have been effectively transferred (without condition) to Buyer (or the applicable Project Company) and all documentation relating to such transfer shall have been Made Available and shall be reasonably acceptable in all respects to Buyer. 16-10992-smb Doc 2372-1 Filed 02/01/17 Entered 02/01/17 12:04:38 Exhibit A Pg 32 of 175 26 4838-0620-7038.4
