Exxxxxx Money Deposit. Not later than two (2) business days after the Effective Date, Purchaser shall deliver to Chicago Title Insurance Company, located at 200 Xxxxxxxx Xxxxx, Xxxxx 000, Xxxx Xxxxxxxxxx, Xxxxxxxxxxxx 00000, Attention: Jxx X. Xxxxxxxx (the "Title Company"), Twenty-Five Thousand and No/100 Dollars ($25,000.00) (the "Exxxxxx Money Deposit") in Current Funds, to be held by the Title Company in escrow to be applied or disposed of by the Title Company as is provided in this Contract. In the event Purchaser fails to deposit the Exxxxxx Money Deposit with the Title Company as herein provided, Seller may, at its option, terminate this Contract, in which event neither Seller nor Purchaser shall have any further rights, duties or obligations hereunder except for provisions of this Contract which expressly survive the termination of this Contract. As used in this Contract, the term "Current Funds" shall mean wire transfers, certified funds or a cashier's check in a form acceptable to the Title Company that would permit the Title Company to immediately disburse such funds.
Appears in 4 contracts
Samples: Contract of Sale (Aei Net Lease Income & Growth Fund Xix Limited Partnership), Assignment of Purchase Agreement (Aei Real Estate Fund Xvii Limited Partnership), Assignment of Purchase Agreement (Aei Income & Growth Fund 25 LLC)
