Common use of Earnest Money Clause in Contracts

Earnest Money. (a) On the Effective Date (defined in XXXXXXX 9.14), as a condition to the continued effectiveness of this Contract, Buyer shall deposit with Marble Title Company, L.L.C. (TITLE COMPANY), as agent for Chicago Title Insurance Company (CLOSING AGENT), 2001 Bryan Street, Suite 1700, Dallas, Texas 75201, Xxxxxxxxx: Kerri A. Majors, Phone: (214) 965-1672, Fax: (214) 000-0000, $000,000 in (x) xxxxxxxxxxx available federal xxnds or (ii) the form of an unconditional and irrevocable letter of credit in favor of Seller and Closing Agent on terms and from an issuer reasonably acceptable to Seller (a LETTER OF CREDIT) (the EARNEST MONEY).

Earnest Money. (a) On the Effective Date (defined in XXXXXXX XXXXXXN 9.14), as a condition to the continued effectiveness of this Contract, Buyer shall deposit with Marble Title Company, L.L.C. (TITLE COMPANY), as agent for Chicago Title Insurance Company (CLOSING AGENT), 2001 Bryan Street, Suite 1700, Dallas, Texas 7520175200, Xxxxxxxxx: Kerri A. Majors, Phone: (214) 965-1672, Fax: (214) 000-0000, $000,000 001,000 in (x) xxxxxxxxxxx xxxxxxxxxxy available federal xxnds xxxxxxx xunds or (ii) the form of an unconditional and irrevocable letter of credit in favor of Seller and Closing Agent on terms and from an issuer reasonably acceptable to Seller (a LETTER OF CREDIT) (the EARNEST MONEY).