Further Delivery by Purchaser in Escrow. On or prior to the Closing Date, Purchaser shall deposit (or cause to be deposited) into Escrow immediately available funds in an amount which, when added to the Deposit, the Independent Contract Consideration, and the 777 Tower Loan Amount, shall equal the Purchase Price plus any additional amounts necessary to cover costs and/or prorations under this Agreement. The amounts deposited by (or made on behalf of ) Purchaser must be by direct deposit or by a wire transfer of funds actually made into and received by Escrow Holder’s depository bank account by Close of Escrow. To the extent that Purchaser fails to deliver funds into Escrow on or before 8:00 a.m. (California time) on the Closing Date, which failure causes Seller and/or Seller’s lender, if any, not to receive its proceeds from this transaction on a "same day" basis as the date of the Closing, then Purchaser shall pay, in addition to the Purchase Price and all other amounts necessary to cover costs or prorations under this Agreement, interest to Seller on a per diem basis at a rate of five percent (5%) per annum for each day following the Closing Date that passes before Seller and Seller’s lender receives its proceeds from this transaction.
Further Delivery by Purchaser in Escrow. Prior to 1:00 p.m. (California time), on the business day prior to the Closing Date, Purchaser shall deposit into Escrow by wire transfer or other immediately available funds, in the form of cash or a wire transfer of funds in an amount which, when added to the Deposit, shall equal the Purchase Price plus any additional amounts necessary to cover costs and/or prorations under this Agreement. The national financial institution must be reasonably acceptable to Seller. The cash must be by direct deposit or by a wire transfer of funds actually made into and received by Escrow Holder’s depository bank account at least one (1) business day prior to the Close of Escrow. To the extent that Purchaser fails to deliver funds into Escrow at least one (1) business day prior to the Closing Date, which failure causes Seller and/or Seller’s lender, if any, not to receive its proceeds from this transaction on a “same day” basis as the date of the Closing, then Purchaser shall pay, in addition to the Purchase Price and all other amounts necessary to cover costs or prorations under this Agreement, interest to Seller on a per diem basis at a rate of ten percent (10%) per annum for each day following the Closing Date that passes before Seller and Seller’s lender receives its proceeds from this transaction.
Further Delivery by Purchaser in Escrow. Prior to the close of the Business Day preceding the Closing Date, Purchaser shall deposit into Escrow the balance of the Purchase Price as set forth in Section 2.2. hereof.
