Common use of Earnest Money Deposit Clause in Contracts

Earnest Money Deposit. Xxxx xxecution of this document by both parties and receipt of a Seller- signed copy by Purchaser, $20,000 in immediately available funds shall be deposited by Purchaser with Escrow Agent (identified in Section 2) as an earnest money deposit fxx xxxx Property ("Property Earnest Money Deposit"). Xxx aggregate of the Property Earnest Money Deposits pxxx xx Purchaser for all Properties ($220,000.00) shall be referred to hereinafter as the "Aggregate Earnest Money Deposit." Xxxx receipt of the Aggregate Earnest Money Deposit, Exxxxx Xgent shall insert the date of such receipt on Page 1 of this Agreement (the "Escrow Opening Date') and shall immediately deposit it in a federally insured account and open an escrow account for the transactions contemplated hereby. Any interest earned on escrowed funds shall remain the property of, and be paid to, Purchaser. No additional funds will be escrowed for substituted Alternative Properties.

Earnest Money Deposit. Xxxx xxecution Uxxx xxxcution of this document by both parties and receipt of a Seller- signed copy by Purchaser, $20,000 in immediately available funds shall be deposited by Purchaser with Escrow Agent (identified in Section 2) as an earnest money deposit fxx fox xxxx Property ("Property Earnest Money Deposit"). Xxx aggregate of the Property Earnest Money Deposits pxxx paxx xx Purchaser for all Properties ($220,000.00) shall be referred to hereinafter as the "Aggregate Earnest Money Deposit." Xxxx receipt of the Aggregate Earnest Money Deposit, Exxxxx Xgent Esxxxx Xxent shall insert the date of such receipt on Page 1 of this Agreement (the "Escrow Opening Date') and shall immediately deposit it in a federally insured account and open an escrow account for the transactions contemplated hereby. Any interest earned on escrowed funds shall remain the property of, and be paid to, Purchaser. No additional funds will be escrowed for substituted Alternative Properties.

Earnest Money Deposit. Xxxx xxecution Upxx xxxxution of this document by both parties and receipt of a Seller- signed copy by Purchaser, $20,000 in immediately available funds shall be deposited by Purchaser with Escrow Agent (identified in Section 2) as an earnest money deposit fxx for xxxx Property ("Property Earnest Money Deposit"). Xxx aggregate xggregate of the Property Earnest Money Deposits pxxx paix xx Purchaser Xurchaser for all Properties ($220,000.00) shall be referred to hereinafter as the "Aggregate Earnest Money Deposit." Xxxx receipt xeceipt of the Aggregate Earnest Money Deposit, Exxxxx Xgent Escxxx Xxxnt shall insert the date of such receipt on Page 1 of this Agreement (the "Escrow Opening Date') and shall immediately deposit it in a federally insured account and open an escrow account for the transactions contemplated hereby. Any interest earned on escrowed funds shall remain the property of, and be paid to, Purchaser. No additional funds will be escrowed for substituted Alternative Properties.