Common use of INTEREST BEARING TRUST ACCOUNT Clause in Contracts

INTEREST BEARING TRUST ACCOUNT. (check if applicable ) Escrow Agent is directed to deposit trust funds hereunder in an interest bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 and 20 of this agreement.

Appears in 30 contracts

Samples: Contract to Purchase Agricultural Land, Contract to Purchase Agricultural Land, Contract to Purchase Agricultural Land

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INTEREST BEARING TRUST ACCOUNT. (check if applicable _) Escrow Agent is directed to deposit trust funds hereunder in an interest bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 and 20 of this agreement.

Appears in 3 contracts

Samples: Contract to Purchase Agricultural Land, Contract to Purchase Agricultural Land, Contract to Purchase Agricultural Land

INTEREST BEARING TRUST ACCOUNT. (check if applicable N/A ) Escrow Agent is directed to deposit trust funds hereunder in an interest bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 and 20 of this agreement.

Appears in 3 contracts

Samples: Contract to Purchase Agricultural Land, Contract to Purchase Agricultural Land, Contract to Purchase Agricultural Land

INTEREST BEARING TRUST ACCOUNT. (check if applicable _N/A ) Escrow Agent is directed to deposit trust funds hereunder in an interest bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 and 20 of this agreement.

Appears in 3 contracts

Samples: Contract to Purchase Agricultural Land, Contract to Purchase Agricultural Land, Contract to Purchase Agricultural Land

INTEREST BEARING TRUST ACCOUNT. (check if applicable _) Escrow Agent is directed to deposit trust funds hereunder in an interest interest-bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 and 20 of this agreement.

Appears in 2 contracts

Samples: Contract to Purchase Agricultural Land, Contract to Purchase Agricultural Land

INTEREST BEARING TRUST ACCOUNT. (check if applicable ) Escrow Agent is directed to deposit trust funds hereunder in an interest bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 and 20 of this agreement.BUYERS INITIALS SELLERS INITIALS

Appears in 2 contracts

Samples: Contract to Purchase Agricultural Land, Contract to Purchase Agricultural Land

INTEREST BEARING TRUST ACCOUNT. (check if applicable ) Escrow Agent is directed to deposit trust funds hereunder in an interest bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 14 and 20 of this agreement.

Appears in 1 contract

Samples: Real Estate Purchase Agreement

INTEREST BEARING TRUST ACCOUNT. (check mark if applicable ) Escrow Agent is directed to deposit trust funds hereunder in an interest interest-bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 and 20 of this agreementContract.

Appears in 1 contract

Samples: Contract to Purchase Agricultural Land

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INTEREST BEARING TRUST ACCOUNT. (check if applicable ) Escrow Agent is directed to deposit trust funds hereunder in an interest bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 and 20 of this agreementContract.

Appears in 1 contract

Samples: Contract to Purchase Agricultural Land

INTEREST BEARING TRUST ACCOUNT. (check if applicable _n/a ) Escrow Agent is directed to deposit trust funds hereunder in an interest bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 14 and 20 18 of this agreement.

Appears in 1 contract

Samples: Contract to Purchase Agricultural Land

INTEREST BEARING TRUST ACCOUNT. (check if applicable ) Escrow Agent is directed to deposit trust funds hereunder in an interest interest-bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 and 20 of this agreement.

Appears in 1 contract

Samples: Contract to Purchase Agricultural Land

INTEREST BEARING TRUST ACCOUNT. (check mark if applicable ) Escrow Agent is directed to deposit trust funds hereunder in an interest interest-bearing account with the interest thereon accruing for the benefit of the . In the event of default by the Buyer, any accrued interest on funds so held shall be treated as an additional xxxxxxx money and shall be disbursed according to the terms of Paragraphs 16 17 and 20 21 of this agreementContract.

Appears in 1 contract

Samples: Contract to Purchase Agricultural Land

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