Common use of Earnxxx Xxxey Clause in Contracts

Earnxxx Xxxey. Purchaser shall deliver to the Title Company (as defined in Section 6.1) within two (2) business days after the date this Agreement is delivered to the Title Company by Seller, by check (subject to collection) or by wire transfer, the amount of FIFTY THOUSAND AND NO/100 DOLLARS ($50,000.00) (which amount, together with all interest accrued thereon, if any, is herein called the "Earnxxx Xxxey") to be invested by the Title Company in an interest-bearing account as Purchaser and Seller shall direct. Seller shall have the option of terminating this Agreement if the full amount of Earnxxx Xxxey is not delivered to the Title Company as prescribed in this Section 3.1. Purchaser agrees to promptly deliver or cause the Title Company to deliver written acknowledgement by the Title Company that the executed copy of this Agreement and the Earnxxx Xxxey have been received by and are being held by the Title Company pursuant to the terms of this Agreement. If the sale of the Property is consummated under this Agreement, the Earnxxx Xxxey shall be paid to Seller and applied to the payment of the Purchase Price at Closing (as hereinafter defined). If Purchaser terminates this Agreement in accordance with any right to terminate granted to Purchaser by the terms of this Agreement, the Earnxxx Xxxey shall be immediately returned to Purchaser, and no party hereto shall have any further obligations under this Agreement except for such obligations which by their terms expressly survive the termination of this Agreement (the "Survival Obligations"). Purchaser agrees to deliver to Seller copies of all Reports (as defined in Section 4.2 hereof) at the time the notice to terminate this Agreement is given. The obligations to deliver the Reports shall survive the termination of this Agreement. In no event shall any Earnxxx Xxxey be returned to Purchaser hereunder until all Reports have been delivered to Seller.

Earnxxx Xxxey. Within forty-eight (48) hours after notice to Purchaser that Purchaser's bid has been accepted by Seller and Seller has executed this Agreement, Purchaser shall deliver to Roetxxx & Xndrxxx, x Legal Professional Association, (the Title Company ("Escrow Agent") as defined in Section 6.1) within two (2) business days after the date this Agreement is delivered to the Title Company by Sellerescrow agent, by cashier's check or wired funds, a deposit in an amount equal to ten percent (subject to collection10%) or by wire transfer, of the amount of FIFTY THOUSAND AND NO/100 DOLLARS Purchase Price in cash ($50,000.00) (which such amount, together with all interest accrued thereoninterest, if any, is herein called earned thereon being referred to as the "Earnxxx Xxxey") ), to be invested by the Title Company Escrow Agent in an interest-bearing account as Purchaser and Seller shall direct. Seller shall have the option of terminating this Agreement if the full amount of Earnxxx Xxxey is not delivered to the Title Company as prescribed in this Section 3.1. Purchaser agrees to promptly deliver or cause the Title Company to deliver written acknowledgement by the Title Company that the executed copy of this Agreement and the Earnxxx Xxxey have been received by and are being held by the Title Company pursuant to the terms of this Agreement, together with a W-9 form. If the sale of the Property is consummated under pursuant to the terms of this Agreement, the Earnxxx Xxxey shall be paid to Seller and applied to the payment of the Purchase Price at Closing (as hereinafter defined)Price. If Purchaser terminates this Agreement in accordance with any right to terminate that Purchaser is granted to Purchaser by the terms of this Agreement, the Earnxxx Xxxey shall be immediately returned to Purchaser, and no party hereto shall have any further obligations under this Agreement except for such the obligations which by their terms expressly survive the termination of this Agreement (the "Survival Obligations"). Purchaser agrees to deliver to Seller copies of all Reports (as defined specified in Section 4.2 hereof) at and Section 10.2. Simultaneously herewith, Purchaser and Seller shall enter into with Escrow Agent an Escrow Agreement in the time form attached hereto as Exhibit B, with regard to the notice to terminate this Agreement is given. The obligations to deliver the Reports shall survive the termination of this Agreement. In no event shall any Earnxxx Xxxey be returned to Purchaser hereunder until all Reports have been delivered to SellerXxxey.

Earnxxx Xxxey. Purchaser shall deliver the Earnxxx Xxxey to the Title Company (as defined in Section 6.1) within two (2) business days after the date a fully-executed copy of this Agreement is delivered to the Title Company by SellerCompany, by check (subject to collection) or by wire transfer, the amount of FIFTY THOUSAND AND NO/100 DOLLARS ($50,000.00) (which amount, together transfer in accordance with all interest accrued thereon, if any, is herein called the "Earnxxx Xxxey") to be invested wire transfer instructions provided by the Title Company in an interest-bearing account as Purchaser and Seller shall directCompany. Seller shall have the option of terminating this Agreement if the full amount of Earnxxx Xxxey is not delivered to the Title Company as prescribed in this Section 3.14.1. Purchaser agrees to promptly deliver or cause the Title Company to deliver written acknowledgement acknowledgment by the Title Company that the executed copy of this Agreement and the Earnxxx Xxxey have been received by and are being held by the Title Company pursuant to the terms of this Agreement. The Earnxxx Xxxey shall be invested by the Title Company in an interest-bearing account as Purchaser and Seller shall direct. If the sale of the Property is consummated under this Agreement, the Earnxxx Xxxey shall be paid to Seller and applied to the payment of the Purchase Price at Closing (as hereinafter defined)Closing. If Purchaser terminates this Agreement in accordance with any right to terminate granted to Purchaser by the terms of this Agreement, the Earnxxx Xxxey shall be immediately returned to Purchaser, and no party hereto shall have any further obligations under this Agreement except for such obligations which by their terms expressly survive the termination of this Agreement (the "Survival Surviving Obligations"). Purchaser agrees to deliver to Seller copies of all Reports (as defined in Section 4.2 5.2 hereof) at the time the notice to terminate this Agreement is given. The obligations to deliver the Reports shall survive the termination of this Agreement. In no event shall any Earnxxx Xxxey be returned to Purchaser hereunder until all Reports have been delivered to Seller.

Earnxxx Xxxey. Purchaser shall deliver to the Title Company (as defined in Section 6.1) within two (2) business days after the date this Agreement is delivered to the Title Company by Seller, by check (subject to collection) or by wire transfer, the amount of FIFTY THOUSAND AND NO/100 DOLLARS ($50,000.00) (which amount, together with all interest accrued thereon, if any, is herein called the "Earnxxx Xxxey") to be invested by the Title Company in an interest-bearing account as Purchaser and Seller shall direct. Seller shall have the option of terminating this Agreement if the full amount of Earnxxx Xxxey is not delivered to the Title Company as prescribed in this Section 3.1. Purchaser agrees to promptly deliver or cause the Title Company to deliver written acknowledgement by the Title Company that the executed copy of this Agreement and the Earnxxx Xxxey have been received by and are being held by the Title Company pursuant to the terms of this Agreement. If the sale of the Property is consummated under this Agreement, the Earnxxx Xxxey shall be paid to Seller and applied to the payment of the Purchase Price at Closing (as hereinafter defined)the Closing. If Purchaser terminates this Agreement in accordance with any right to terminate granted to Purchaser by the terms of this Agreement, the Earnxxx Xxxey shall be immediately returned to Purchaser, and no party hereto shall have any further obligations under this Agreement except for such obligations which by their terms expressly survive the termination of this Agreement (the "Survival Obligations"). Purchaser agrees to deliver to Seller copies of all Reports (as defined in Section 4.2 hereof4.2) at the time the notice to terminate this Agreement is given. The obligations to deliver the Reports shall survive the termination of this Agreement. In no event shall any Earnxxx Xxxey be returned to Purchaser hereunder until all Reports have been delivered to Seller.

Earnxxx Xxxey. Purchaser shall deliver the Earnxxx Xxxey to the Title Company within three (as defined in Section 6.1) within two (23) business days after the date a fully-executed copy of this Agreement is delivered to the Title Company by SellerCompany, by check (subject to collection) or by wire transfer, the amount of FIFTY THOUSAND AND NO/100 DOLLARS ($50,000.00) (which amount, together transfer in accordance with all interest accrued thereon, if any, is herein called the "Earnxxx Xxxey") to be invested wire transfer instructions provided by the Title Company in an interest-bearing account as Purchaser and Seller shall directCompany. Seller shall have the option of terminating this Agreement if the full amount of Earnxxx Xxxey is not delivered to the Title Company as prescribed in this Section 3.14.1. Purchaser agrees to promptly deliver or cause the Title Company to deliver written acknowledgement acknowledgment by the Title Company that the executed copy of this Agreement and the Earnxxx Xxxey have been received by and are being held by the Title Company pursuant to the terms of this Agreement. The Earnxxx Xxxey shall be invested by the Title Company in an interest-bearing account as Purchaser and Seller shall direct. If the sale of the Property is consummated under this Agreement, the Earnxxx Xxxey shall be paid to Seller and applied to the payment of the Purchase Price at Closing (as hereinafter defined)Closing. If Purchaser terminates this Agreement in accordance with any right to terminate granted to Purchaser by the terms of this Agreement, the Earnxxx Xxxey shall be immediately returned to Purchaser, and no party hereto shall have any further obligations under this Agreement except for such obligations which by their terms expressly survive the termination of this Agreement (the "Survival Surviving Obligations"). Purchaser agrees to deliver to Seller copies of all Reports (as defined in Section 4.2 5.2 hereof) at the time the notice to terminate this Agreement is given. The obligations to deliver the Reports shall survive the termination of this Agreement. In no event shall any Earnxxx Xxxey be returned to Purchaser hereunder until all Reports have been delivered to Seller.