Initial Xxxxxxx Money Deposit. The initial xxxxxxx money deposit(s) paid by Buyer pursuant to the Section entitled “Consideration,” in the amount(s) of Two Hundred Thousand and No/100ths Dollars ($200,000.00).
Initial Xxxxxxx Money Deposit. Within one (1) business day after the execution of this Agreement, Purchaser shall deposit in the form of cash the sum of FIFTY THOUSAND and 00/100 Dollars ($50,000.00) (together with interest earned thereon, the “Initial Xxxxxxx Money”) with the escrow department of First American Title Insurance Company, a California corporation, at 0000 Xxxxxxx Xxxxx Xxxx, 000 Xxxxxxxx Xxxx, Xxxxxxxxxxx, XX 00000, attn: Xxxxxx Xxxx (“Title Company”) pursuant to an escrow agreement in the form of Exhibit F attached hereto and made a part hereof (the “Escrow Agreement”).
Initial Xxxxxxx Money Deposit. Within five (5) business days after the Execution Date, Purchaser shall deposit the sum of One Hundred Fifty Thousand and No/100 Dollars ($150,000.00) with Escrow Agent (the “Initial Xxxxxxx Money Deposit”).
Initial Xxxxxxx Money Deposit. Within five (5) business days after the Effective Date, Buyer shall deliver to the Escrow Agent (as defined in Section 7(a)) the sum of Five Hundred Thousand Dollars ($500,000.00) (the "Initial Xxxxxxx Money"). A portion of the Initial Xxxxxxx Money in the amount of One Hundred Thousand Dollars ($100,000.00) shall be nonrefundable (the “Nonrefundable Initial Xxxxxxx Money Portion”). The remaining portion of the Initial Xxxxxxx Money in the amount of Four Hundred Thousand Dollars ($400,000.00) is herein referred to as the "Refundable Initial Xxxxxxx Money Portion". Seller shall have the option of terminating this Agreement if the full amount of the Initial Xxxxxxx Money is not delivered to the Escrow Agent as and when prescribed by this Section 3(a). COMMERCIAL & INVESTMENT REAL ESTATE PURCHASE & SALES AGREEMENT (CONTINUED)
Initial Xxxxxxx Money Deposit. Concurrent with execution and submittal of this Agreement to Seller, Purchaser shall pay to Land Title Guarantee Company an initial xxxxxxx money deposit in the amount of Nine Thousand Dollars ($9,000.00) and the Reservation Deposit of One Thousand Dollars ($1,000.00) shall be released to Seller from reservation escrow for a total initial xxxxxxx money deposit of Ten Thousand Dollars ($10,000.00) (the “Initial Xxxxxxx Money”). Purchaser understands and agrees the Initial Xxxxxxx Money (other than the Reservation Deposit, which is paid directly to Seller) is to be paid to the Title Company for tracking purposes only and that the Initial Xxxxxxx Money shall not be held in escrow by the Title Company but shall, following the Title Company’s receipt of the Initial Xxxxxxx Money and without the necessity of any further action by the parties, be released to Seller for the direct benefit of the Project as described in Section 4.c below. Notwithstanding the foregoing and as described in the Reservation Agreement, the Reservation Deposit is to be applied under only the first purchase agreement for a unit in the Project submitted by Purchaser and, if this Agreement is for a second unit in the Project, Purchaser shall pay the full Initial Xxxxxxx Money Deposit of Ten Thousand Dollars ($10,000.00).
Initial Xxxxxxx Money Deposit. BUYER upon acceptance of this contract by Seller will deliver within three (3)business/banking days thereafter to NAI NASHVILLE ("Broker" and “Escrow Agent”) the sum of Thirty Thousand Dollars and no cents ($30,000.00) as a non-refundable xxxxxxx money deposit (the “Initial Deposit”) on account of the purchase price hereunder. Broker shall deposit said check in a separate escrow account. All checks representing deposits for which Broker receives shall be deposited in Broker's escrow account prior to closing and shall be subject to clearance. Accrued interest shall accrue in favor of Buyer, and shall be applied toward the Purchase price, unless Buyer cancels this contract or fails to Close within 60 days of the date of this Contract (“First 60 Days”), in which event the Initial Deposit and any accrued interest is forfeited to Seller.
Initial Xxxxxxx Money Deposit. On the Contract Date, Purchaser shall deposit into the Escrow, in accordance with the terms of the Escrow Agreement, and as its xxxxxxx money deposit (the "Xxxxxxx Money"), the sum of Two Hundred Thousand and No/100 Dollars ($200,000). The Xxxxxxx Money shall be invested by the Escrowee in an interest-bearing account with an FDIC-insured, national bank having gross assets in excess of $1,000,000,000.00 (an "Approved Depository").
Initial Xxxxxxx Money Deposit. Upon delivery of a fully executed copy of this Contract (the “Effective Date”) to Fidelity National Title Insurance Company, 260 Three Lincoln Center, 0000 XXX Xxxxxxx, Xxxxxx, Xxxxx 00000 (the “Title Company”), Purchaser shall deposit with the Title Company cash in the amount of $250,000.00 by wire transfer in immediately available funds (the “Xxxxxxx Money”). The Xxxxxxx Money shall be applied at Closing to payment of the Purchase Price. If, however, this Contract fails to close, the Xxxxxxx Money shall be delivered to Seller or returned to Purchaser by the Title Company as elsewhere provided herein. If Purchaser does not timely deliver the Xxxxxxx Money to the Title Company this Contract will terminate and the parties shall have no further rights or obligations hereunder.
Initial Xxxxxxx Money Deposit. Within one (1) business day after execution of this Agreement by Partnership, Subsidiaries and Purchaser, Purchaser shall deposit in the form of cash the sum of TWO HUNDRED THOUSAND and 00/100 Dollars ($200,000.00) (together with interest earned thereon, the “Initial Xxxxxxx Money”) with the escrow department of First American Title Insurance Company, 0000 Xxxxxxx Xxxxx Xxxx, 000 Xxxxxxxx Xxxx, Xxxxxxxxxxx, XX 00000-0000 (“Title Company”) pursuant to an escrow agreement in the form of Exhibit G attached hereto and made a part hereof (the “Escrow Agreement”).
Initial Xxxxxxx Money Deposit. Upon the execution of this Agreement by Seller and Purchaser, Purchaser shall deposit the sum of Two Hundred Thirty-Eight Thousand and 00/100 Dollars ($238,000.00) (the "Initial Xxxxxxx Money") with the escrow department of First American Title Insurance Company, 0000 Xxxx Xxxxxxxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxx 00000 ("Title Company") pursuant to an escrow agreement in substantially the form of Exhibit G attached hereto and made a part hereof (the "Escrow Agreement").
