Common use of Down Payment Clause in Contracts

Down Payment. Successful bidder shall pay 10% of the bid price as a non- refundable down payment, which shall be delivered at execution of Purchase Agreement and deposited by Seller with ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇, P.A., Willmar, MN ("Escrow Agent") and shall be placed and held by Escrow Agent in its lawyer’s trust account in accordance with the terms of this Agreement and shall be credited against the Purchase Price, in favor of Purchaser at closing.

Appears in 5 contracts

Sources: Purchase Agreement, Purchase Agreement, Purchase Agreement