Eaxxxxx Xoney Sample Clauses

Eaxxxxx Xoney. Section 5(b) of the Purchase Agreement is hereby amended to change the amount of the Eaxxxxx Xoney deposit from “Fifty Thousand and 00/100 Dollars ($50,000.00)” to “One Hundred Thousand and 00/100 Dollars ($100,000.00)”.
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Eaxxxxx Xoney. Within three business days of the execution and delivery of this Agreement, Purchaser shall deposit with Chicago Title Insurance Company (“Title Company”), having its office at 710 Xxxx Xxxxxx, Xxxxx 0000X, Xxxxxxx, Xxxxx 00000, Attention: Jixxx Xxxxx/Xexx Xxxxxxxx (the “Escrow Agent”), the sum of One Million Dollars ($1,000,000) (the “Eaxxxxx Xoney”) in good funds, either by certified bank or cashier’s check or by federal wire transfer. Escrow Agent shall hold the Eaxxxxx Xoney in an interest-bearing account in accordance with the terms and conditions of this Agreement. For purposes of issuing the Title Policy, the Escrow Agent shall “co-broker” the Title Policy with First American Title Insurance Company (“First American”), and such parties shall split any commissions as follows: Escrow Agent to receive commissions on the base title policy premium up to the amount of the Purchase Price and First American to receive commissions on any title policy premium in excess of the Purchase Price and on any endorsements to the title policy. All interest accruing on such sum shall become a part of the Eaxxxxx Xoney and shall be distributed as Eaxxxxx Xoney in accordance with the terms of this Agreement. The Eaxxxxx Xoney shall be applied to the Purchase Price at Closing unless otherwise set forth herein. After the expiration of the Inspection Period, the Eaxxxxx Xoney shall become non-refundable to Purchaser unless otherwise expressly set forth in this Agreement.
Eaxxxxx Xoney. (a) Within two (2) Business Days after the Effective Date, Purchaser shall deliver $500,000 (the “Eaxxxxx Xoney”) to Chicago Title Insurance Company (the “Escrow Agent”) by federal wire transfer, which Initial Eaxxxxx Xoney shall be held and released by Escrow Agent in accordance with the escrow provisions set forth at Exhibit “I” hereto with respect to the Eaxxxxx Xoney (the “Escrow Agreement”). (b) The Eaxxxxx Xoney shall be applied to the Purchase Price at the Closing and shall otherwise be held, refunded, or disbursed in accordance with the terms of the Escrow Agreement and this Agreement. Interest and other income from time to time earned on the Eaxxxxx Xoney shall be earned for the account of Purchaser, and shall be a part of the Eaxxxxx Xoney.
Eaxxxxx Xoney. Within five (5) business days after an election has been made or deemed made under Section 15.1(c), the acquiring Member shall deposit with a mutually acceptable third-party escrow agent a non-refundable eaxxxxx xoney deposit in the amount of five percent (5%) of the amount the selling Member is entitled to receive for its Interest under this Section 15.1, which amount shall be applied to the purchase price at closing. If the acquiring Member should thereafter fail to consummate the transaction for any reason other than a default by the selling Member or a refusal by any lender of the Company or any Subsidiary who has a right under its loan documents to consent to such transfer to so consent, (i) (A) the eaxxxxx xoney deposit shall be distributed from escrow to the selling Member, free of all claims of the acquiring Member, as liquidated damages and constituting the sole and exclusive remedy available to the selling Member because of a default by the acquiring Member or (B) the selling Member may, by delivering to the acquiring Member written notice thereof, elect to buy the acquiring Member’s entire Interest for an amount equal to the amount the acquiring Member would have been entitled to receive if the Company had sold all of its assets for the Valuation Amount and the Company had immediately paid all Company liabilities and Imputed Closing Costs and distributed the net proceeds of the sale to the Members in satisfaction of their Interests pursuant to Section 13.3, in which case, the Closing Date therefor shall be the date specified in the selling Member’s notice, and (ii) if the acquiring Member was the Offeror, the non-refundable eaxxxxx xoney deposit for any future election by the acquiring Member to buy the selling Member’s Interest shall be twenty percent (20%) of the amount the selling Member is entitled to receive for its Interest in connection with such future election.
Eaxxxxx Xoney. Buyer shall deposit the Eaxxxxx Xoney with Holder within ten (10) days after the commencement of the Due Diligence Period, to be held in escrow and to be applied to the Purchase Price at Closing, or refunded to Buyer if Buyer terminates this Agreement in accordance with the terms hereof. If Buyer defaults in its obligation to close and pay the Purchase Price, Seller shall be entitled to receive the Eaxxxxx Xoney as liquidated damages.

Related to Eaxxxxx Xoney

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  • Xxx Xxxxxxx If the Parties do not agree on an Adjudicator the Adjudicator will be appointed by the Arbitration Foundation of Southern Africa (AFSA).

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