Common use of Escrow Instructions Clause in Contracts

Escrow Instructions. The Xxxxxxx Money Deposit shall be held in escrow by the Escrow Agent in an interest-bearing account, in accordance with the provisions of Article XVII. In the event this Agreement is not terminated by Purchaser pursuant to the terms hereof by the end of the Evaluation Period in accordance with the provisions of Section 5.3(c) herein, the Xxxxxxx Money Deposit and the interest earned thereon shall become non-refundable to Purchaser, except as otherwise expressly provided in this Agreement. In the event this Agreement is terminated by Purchaser prior to the expiration of the Evaluation Period, the Xxxxxxx Money Deposit, together with all interest earned thereon, shall be refunded to Purchaser.

Appears in 5 contracts

Samples: Agreement of Sale and Purchase (Mack Cali Realty Corp), Agreement of Sale and Purchase (Mack Cali Realty L P), Agreement of Sale and Purchase (Mack Cali Realty L P)

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Escrow Instructions. The Xxxxxxx Money Deposit shall be held in escrow by the Escrow Agent in an interest-bearing account, in accordance with the provisions of Article XVII. In the event this Agreement is not terminated by Purchaser pursuant to the terms hereof by the end of the Evaluation Period in accordance with the provisions of Section 5.3(c) herein, the Xxxxxxx Money Deposit and the interest earned thereon shall become non-refundable to Purchaser, Purchaser except as otherwise expressly provided in this Agreementset forth herein. In the event this Agreement is terminated by Purchaser prior to the expiration of the Evaluation Period, the Xxxxxxx Money Deposit, together with all interest earned thereon, shall be refunded to Purchaser.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Wells Real Estate Investment Trust Inc), Agreement of Sale and Purchase (Mack Cali Realty L P)

Escrow Instructions. The Xxxxxxx Money Deposit shall be held in escrow by the Escrow Agent in an interest-bearing account, in accordance with the provisions of Article XVII. In the event this Agreement is not terminated by Purchaser pursuant to the terms hereof by the end of the Evaluation Period in accordance with the provisions of Section 5.3(c) herein, the Xxxxxxx Money Deposit and the interest earned thereon shall shall, subject to the terms and provisions of this Agreement, become non-refundable to Purchaser, except as otherwise expressly provided in this Agreement. In the event this Agreement is terminated by Purchaser prior to the expiration of the Evaluation Period, the Xxxxxxx Money Deposit, together with all interest earned thereon, shall be refunded to Purchaser.

Appears in 2 contracts

Samples: Agreement of Sale and Purchase (Mack Cali Realty Corp), Agreement of Sale and Purchase (Mack Cali Realty Corp)

Escrow Instructions. The Xxxxxxx Money Deposit shall be held in escrow by the Escrow Agent in an interest-bearing account, in accordance with the provisions of Article XVII. In the event this Agreement is not terminated by Purchaser pursuant to the terms hereof by the end of the Evaluation Period in accordance with the provisions of Section 5.3(c) herein, the Xxxxxxx Money Deposit and the interest earned thereon shall become non-refundable to Purchaser, Purchaser except as otherwise in those instances expressly provided set forth in this Agreement. In the event this Agreement is terminated by Purchaser prior to the expiration of the Evaluation Period, the Xxxxxxx Money Deposit, together with all interest earned thereon, shall be refunded to Purchaser.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Mack Cali Realty L P)

Escrow Instructions. The Xxxxxxx Money Deposit shall be held in escrow by the Escrow Agent in an interest-bearing account, in accordance with the provisions of Article XVII. In the event this Agreement is not terminated by Purchaser pursuant to the terms hereof by the end of the Evaluation Period in accordance with the provisions of Section 5.3(c) herein, the Xxxxxxx Money Deposit and the interest earned thereon shall become non-refundable to Purchaser, except as otherwise in certain limited circumstances expressly provided set forth elsewhere in this Agreement. In the event this Agreement is terminated by Purchaser prior to the expiration of the Evaluation Period, the Initial Xxxxxxx Money Deposit, together with all interest earned thereon, shall be refunded to Purchaser.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Cole Corporate Income Trust, Inc.)

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Escrow Instructions. The Xxxxxxx Money Deposit shall be held in escrow by the Escrow Agent in an interest-bearing account, in accordance with the provisions of Section 4.1 and Article XVII. In the event this Agreement is not terminated by Purchaser pursuant to the terms hereof by the end of the Evaluation Period in accordance with the provisions of Section 5.3(c) herein, the Xxxxxxx Money Deposit and the interest earned thereon shall become non-refundable to Purchaser, Purchaser except as otherwise in those instances expressly provided set forth in this Agreement. In the event this Agreement is terminated by Purchaser prior to the expiration of the Evaluation Period, the Xxxxxxx Money Deposit, together with all interest earned thereon, shall be refunded to Purchaser.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Mack Cali Realty L P)

Escrow Instructions. The Xxxxxxx Money Deposit shall be held in escrow by the Escrow Agent in an interest-bearing account, in accordance with the provisions of Article XVII. In the event this Agreement is not terminated by Purchaser pursuant to the terms hereof by the end of the Evaluation Period in accordance with the provisions of Section 5.3(c) herein5.3(c)herein, the Xxxxxxx Money Deposit and the interest earned thereon shall become non-refundable to Purchaser, except as otherwise expressly provided in this Agreement. In the event this Agreement is terminated by Purchaser prior to the expiration of the Evaluation Period, the Xxxxxxx Money Deposit, together with all interest earned thereon, shall be refunded to Purchaser.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Mack Cali Realty Corp)

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