Interest Bearing – Purchaser Deposit Clause Samples

Interest Bearing – Purchaser Deposit. The Deposit shall (i) be held in an interest-bearing escrow account by Escrow Agent in an institution as directed by Purchaser and reasonably acceptable to Seller and (ii) include any interest earned thereon. To allow the interest bearing account to be opened, Purchaser’s tax identification or social security numbers are set forth below its signature.