Initial Xxxxxxx Money. Simultaneously with the execution of this Agreement Purchaser shall deposit with Escrow Agent a sum equal to $ ( Dollars) payable in the form of a cashier’s check made payable to the order of (“Escrow Agent”), the receipt of which is hereby acknowledged.
Initial Xxxxxxx Money. At the time of execution of this Agreement by --------------------- Buyer and Seller, Buyer shall deposit with Escrowholder the Initial Xxxxxxx Money and Buyer shall cause Escrowholder to notify Seller, no later than two (2) business days after Escrowholder's receipt thereof, that Escrowholder has received the Initial Xxxxxxx Money in cash and is holding same in accordance with the terms hereof. Failure of Buyer to timely deposit the Initial Xxxxxxx Money with Escrowholder shall constitute a material default by Buyer hereunder.
Initial Xxxxxxx Money. Within one Business Day following the execution of this Agreement by Purchaser and Sellers, Purchaser shall deposit with the Escrow Agent the sum of US$580,000 as an initial xxxxxxx money deposit in relation to the purchase of the Hotels (the “Initial Xxxxxxx Money”).
Initial Xxxxxxx Money. Pursuant to the terms and provisions of the Agreement, and simultaneously with the execution hereof, Purchaser has deposited with Escrowee xxxxxxx money in the sum of ____________________ ($_____________) [the "XXXXXXX MONEY"].
Initial Xxxxxxx Money. Within two (2) Business Days after the execution of this Contract by all parties hereto, Purchaser will by check or wire transfer, deposit with Chicago Title Insurance Company/Southwest Operations, 0000 Xxxxx, Suite 1700, Dallas, Texas 75201 (the "TITLE COMPANY"), as "INITIAL XXXXXXX MONEY" (herein so called), the amount of One Hundred Thousand and No/100 Dollars ($100,000.00). Notwithstanding anything in this Contract to the contrary, One Hundred and No/100 Dollars ($100.00) of the Initial Xxxxxxx Money is delivered to the Title Company for delivery by the Title Company to Seller as "INDEPENDENT CONTRACT CONSIDERATION" (herein so called), and the Initial Xxxxxxx Money is reduced by the amount of the Independent Contract Consideration, which amount has been bargained for and agreed to as consideration for Seller's execution and delivery of this Contract. The Independent Contract Consideration is in addition to and independent of all other consideration provided for in this Contract and is non-refundable in all events.
Initial Xxxxxxx Money. An xxxxxxx money deposit in the amount of Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00) (the “Initial Xxxxxxx Money”) which shall be due within two (2) business days of the Effective Date and be payable in the form of a wire transfer, certified check or an official cashier’s check from a bank, made to the order of First American Title Insurance Company, Phoenix, Arizona (the “Title Company”) and placed into an interest bearing account in escrow (under a joint order escrow agreement), all interest to accrue to Buyer. Subject to termination of the Agreement under Section 3(b) or Section 11(a) below, upon deposit into escrow the Initial Xxxxxxx Money shall be deemed immediately non-refundable.
Initial Xxxxxxx Money. Within three (3) days following the date of execution of this Agreement by both Xxxxx and Seller, Xxxxx agrees to deposit in escrow (1) the sum of Fifteen Thousand and No/100 Dollars ($15,000.00) in cash (“Initial Xxxx Xxxxxxx Money”) and
Initial Xxxxxxx Money. Within one (1) business day following the mutual execution of this Agreement by both Purchaser and Seller (the “Effective Date”), Purchaser shall deliver to Xxxxx Title Agency, LLC, 0000 Xxxxxxxx Xxxxxxx Xxxxx, Xxxxx 000, Xxxxxxxx, XX 00000; Attn: Xxxxx Xxxxxxx; Email: xxxxx@xxxxxxxxxx.xxx; Phone: (000) 000-0000 (the “Title Company”) the sum of One Hundred Thousand and 00/100 Dollars ($100,000.00) as xxxxxxx money (said money, including any and all interest accrued thereon, is collectively, the “Initial Xxxxxxx Money”).
Initial Xxxxxxx Money. Within one (1) day following the date of execution of this Agreement by both Buyer and Seller, Buyer agrees to deposit in escrow by cashier's check payable to Escrow Agent or by wire transfer of ready funds to the account of Escrow Agent the sum of $50,000.00 as an xxxxxxx money deposit.
Initial Xxxxxxx Money. Deposit: Within days of contract execution, Purchaser shall deposit with $ as the initial deposit (“Initial Xxxxxxx Money Deposit”). Said deposit shall be placed in an interest bearing account with the title company and all principal and interest shall be applicable to the purchase price upon closing. The Initial Xxxxxxx Money Deposit shall be refundable throughout the Inspection Period. <Alternate language> • At the completion of the Inspection Period, should Purchaser elect to proceed to Closing, the Initial Xxxxxxx Money Deposit, $ , shall then become non-refundable, except through default by Seller.
