Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer and Seller, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against the Purchase Price due Seller at Closing.
Appears in 5 contracts
Samples: Purchase and Sale Agreement (Industrial Property Trust Inc.), Purchase and Sale Agreement (Industrial Property Trust Inc.), Purchase and Sale Agreement (Griffin Capital Essential Asset REIT II, Inc.)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer Purchaser and Seller, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against to the Purchase Price due Seller at Closingon the Closing Date.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Trade Street Residential, Inc.), Purchase and Sale Agreement (KBS Real Estate Investment Trust, Inc.), Purchase and Sale Agreement (Rae Systems Inc)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer and SellerPurchaser, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply deliver the Xxxxxxx Money against to, or upon the Purchase Price due instructions of, Seller at Closingon the Closing Date.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (NPS Pharmaceuticals Inc), Purchase Agreement, Purchase and Sale Agreement (NPS Pharmaceuticals Inc)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing segregated accounts satisfactory to Buyer Purchaser and Seller, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement Contract occurs, the Escrow Agent shall apply the Xxxxxxx Money against the Purchase Price due Seller at Closing.
Appears in 3 contracts
Samples: Improved Commercial Property Earnest Money Contract, Improved Commercial Property Earnest Money Contract (Resource Real Estate Opportunity REIT, Inc.), Improved Commercial Property Earnest Money Contract (Resource Real Estate Opportunity REIT, Inc.)
Investment and Use of Funds. The Escrow Agent shall invest any portion of the Xxxxxxx Money Deposit held in escrow in government insured interest-bearing accounts satisfactory to Buyer and SellerPurchaser, shall not commingle the Xxxxxxx Money Deposit with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply All interest earned on the Xxxxxxx Money against Deposit held in Escrow shall accrue to the Purchase Price due Seller at Closingbenefit of the party entitled to the Xxxxxxx Money Deposit.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Lease Agreement
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer Purchaser and Seller, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under Unless this Agreement occursis terminated pursuant to Section 7.1 or Section 12.2, the Escrow Agent shall apply deliver the Xxxxxxx Money against to the Purchase Price due Seller at upon the earlier to occur of the termination of this Agreement and the Closing.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Sotherly Hotels Lp)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Exxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer and SellerPurchaser, shall not commingle the Xxxxxxx Exxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Exxxxxx Money against the Purchase Price due Seller at Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Asset Capital Corporation, Inc.)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer both Purchaser and Seller, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply deliver the Xxxxxxx Money against to, or upon the Purchase Price due Seller at Closinginstructions of, Purchaser on the Closing Date.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Wells Real Estate Investment Trust Inc)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-interest bearing accounts satisfactory to Buyer and SellerPurchaser, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money (which includes any interest accrued thereon while the Xxxxxxx Money is in escrow) against the Purchase Price due Seller at Closing.
Appears in 1 contract
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured an interest-bearing accounts account satisfactory to Buyer and Seller, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against the Purchase Price due Seller at Closing.
Appears in 1 contract
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money Earnxxx Xxxey in government insured interest-bearing accounts satisfactory to Buyer and SellerPurchaser, shall not commingle the Xxxxxxx Money Earnxxx Xxxey with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply deliver the Xxxxxxx Money against Earnxxx Xxxey to, or upon the Purchase Price due Seller at Closinginstructions of, Purchaser on the Closing Date.
Appears in 1 contract
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer Purchaser and Seller, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against the Purchase Price due Seller at Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Cole Corporate Income Trust, Inc.)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer and SellerPurchaser, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement Contract occurs, the Escrow Agent shall apply deliver the Xxxxxxx Money into the closing escrow upon the instructions of Purchaser, to be applied against the Purchase Price due Seller at ClosingPrice.
Appears in 1 contract
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer Contributors and SellerXxxx, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Xxxx and Seller Contributors with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against the Purchase Price due Seller at Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Carramerica Realty L P)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer and SellerPurchaser, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, and the Xxxxxxx Money (or any portion of it) has not previously been released to Seller, Escrow Agent shall apply deliver the Xxxxxxx Money against (or any portion of it) to Seller on the Purchase Price due Seller at ClosingClosing Date.
Appears in 1 contract
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer and SellerPurchaser, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against the Purchase Price due Seller at Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Resource Apartment REIT III, Inc.)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money Earnxxx Xxxey in government insured interest-bearing accounts satisfactory to Buyer and SellerPurchaser, shall not commingle the Xxxxxxx Money Earnxxx Xxxey with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against Earnxxx Xxxey to the Purchase Price due Seller at Closingon the Closing Date.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Veritas Software Corp /De/)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Exxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer Purchaser and SellerSeller and the interest thereon shall be added to and become a part of the Exxxxxx Money, shall not commingle the Xxxxxxx Exxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Exxxxxx Money against to the Purchase Price due Seller at Closingon the Closing Date.
Appears in 1 contract
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-interest bearing accounts satisfactory to Buyer Purchaser and Seller, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against the Purchase Price due Seller at Closing.
Appears in 1 contract
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer Seller and SellerPurchaser, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against the Purchase Price due Seller at Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Carramerica Realty L P)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer Purchaser and SellerSeller and the interest thereon shall be added to and become a part of the Xxxxxxx Money, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against to the Purchase Price due Seller at Closingon the Closing Date.
Appears in 1 contract
Samples: Purchase and Sale Agreement
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing interest‑bearing accounts satisfactory to Buyer and Seller, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against the Purchase Price due Seller at Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Money in government insured interest-bearing interest‑bearing accounts satisfactory to Buyer Purchaser and Seller, shall not commingle the Xxxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Money against the Purchase Price due Seller at Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)
Investment and Use of Funds. The Escrow Agent shall invest the Xxxxxxx Exxxxxx Money in government insured interest-bearing accounts satisfactory to Buyer Purchaser and Seller, shall not commingle the Xxxxxxx Exxxxxx Money with any funds of the Escrow Agent or others, and shall promptly provide Buyer Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Xxxxxxx Exxxxxx Money against to the Purchase Price due Seller at Closingon the Closing Date.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Wells Real Estate Investment Trust Inc)