Common use of Form; Failure to Deposit Clause in Contracts

Form; Failure to Deposit. The Exxxxxx Money shall be in the form of a certified or cashier’s check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Exxxxxx Money within the time periods required, Seller may terminate this Agreement by written notice to Purchaser, in which event any Exxxxxx Money that has previously been deposited by Purchaser with Escrow Agent shall be immediately refunded to Purchaser and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)

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Form; Failure to Deposit. The Exxxxxx Money shall be in the form of a certified or cashier’s check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Exxxxxx Money within the time periods period required, Seller may terminate this Agreement by written notice to Purchaser, in which event any Exxxxxx Money that has previously been deposited by Purchaser with Escrow Agent shall be immediately refunded delivered to Purchaser Seller and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Tejas Inc)

Form; Failure to Deposit. The Exxxxxx Money shall be in the form of a certified or cashier’s check or the wire transfer to Escrow Agent Title Company of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Exxxxxx Money within the time periods required, Seller may terminate this Agreement by written notice to Purchaser, in which event any Exxxxxx Money that has previously been deposited by Purchaser with Escrow Agent Title Company shall be immediately refunded returned to Purchaser and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Stryve Foods, Inc.)

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Form; Failure to Deposit. The Exxxxxx Xxxxxxx Money shall be in the form of a certified or cashier’s check or the wire transfer to Escrow Agent Title Company of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Exxxxxx Xxxxxxx Money within the time periods required, Seller may terminate this Agreement by written notice to Purchaser, in which event any Exxxxxx Xxxxxxx Money that has previously been deposited by Purchaser with Escrow Agent Title Company shall be immediately refunded returned to Purchaser and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Star Equity Holdings, Inc.)

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