Investment of Deposit. Escrow Holder shall place the Deposit in an interest-bearing account with a bank or savings association, the deposits of which are federally insured (up to the amount of One Hundred Thousand and No/100ths Dollars ($100,000.00), as directed in writing by Buyer, with notice to Seller. All references in this Agreement to the Deposit shall include the interest thereon.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Pan Pacific Retail Properties Inc), Purchase and Sale Agreement (Pan Pacific Retail Properties Inc)
Investment of Deposit. Escrow Holder shall place the Deposit in an interest-bearing account with a bank or savings association, the deposits of which are federally insured (up to the amount of One Hundred Thousand and No/100ths Dollars ($100,000.00), as directed in writing by BuyerCompany, with notice to SellerContributor. All references in this Agreement to the Deposit shall include the interest thereon.
Appears in 1 contract
Samples: Contribution Agreement (Pan Pacific Retail Properties Inc)
Investment of Deposit. Escrow Holder shall place the Deposit in an interest-bearing account with a bank or savings association, the deposits of which are federally insured (up to the amount of One Hundred Thousand and No/100ths Dollars ($100,000.00)), as directed in writing by Buyer, with notice to Seller. All references in this Agreement to the Deposit shall include the interest thereon.
Appears in 1 contract
Investment of Deposit. Escrow Holder shall place the Deposit in an interest-bearing account with a bank or savings association, the deposits of which are federally insured (up to the amount of One Hundred Thousand and No/100ths Dollars ($100,000.00100,000)), as directed in writing by Buyer, with notice to Seller. All references in this Agreement to the Deposit, the Non-Refundable Deposit and the Refundable Deposit shall include the interest thereon.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Pan Pacific Retail Properties Inc)
Investment of Deposit. Escrow Holder shall place the Deposit in an interest-bearing account with a bank or savings association, the deposits of which are federally insured (up to the amount of One Hundred Thousand and No/100ths Dollars ONE HUNDRED THOUSAND AND NO/DOLLARS ($100,000.00), as directed in writing by Buyer, with notice to Seller. All references in this Agreement to the Deposit shall include the interest thereon.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Pan Pacific Retail Properties Inc)
