Method of Payment of Purchase Price. No later than the Deposit Time, Purchaser will deposit in escrow with the Title Company the Purchase Price (subject to adjustments described in Section 10.4, and any credit for the Xxxxxxx Money Deposit being applied to the Purchase Price), together with all other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, by Federal Reserve wire transfer of immediately available funds to an account to be designated by the Title Company. Provided that Seller has delivered into escrow or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no later than 1:00 p.m. Pacific time on the Closing Date: (a) Purchaser will cause the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement.
Appears in 1 contract
Samples: Agreement of Sale and Purchase (Hines Global REIT, Inc.)
Method of Payment of Purchase Price. No later than 12:00 noon (New York time) on the Deposit TimeScheduled Closing Date, subject to the satisfaction of the conditions set forth in Section 9.1 or elsewhere in this Agreement to be satisfied prior to Closing, Purchaser will deposit shall deliver to the Title Agent for payment to Seller in escrow accordance with the Title Company terms of this Agreement, the Purchase Price (subject to adjustments described in Section 10.4, and any credit for less the Xxxxxxx Money Deposit being applied to the Purchase PriceDeposit), together with all other costs and amounts to be paid by Purchaser at the Closing pursuant to the terms of this AgreementAgreement (collectively, “Purchaser’s Costs”), by Federal Reserve wire transfer of immediately available funds to the account of the Title Agent. The Title Agent, following authorization and instruction by the parties at the Closing, shall (a) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account to be designated by the Title Company. Provided that Seller has delivered into escrow or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no later than 1:00 p.m. Pacific time on the Closing Date: (a) Purchaser will cause the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) Price, less any costs or other amounts to be paid by Seller at the Closing and prorations pursuant to the terms of this Agreement, (b) pay to the appropriate payees out of the proceeds of closing payable to Seller all costs and amounts to be paid by Seller at the Closing pursuant to the terms of this Agreement, and (iic) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (b) Seller will direct the Title Company to pay Purchaser’s Costs to the appropriate payees out of at the proceeds of Closing payable to Seller, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement.
Appears in 1 contract
Method of Payment of Purchase Price. No later than the Deposit TimeAs and when set forth in Section 10.2, Purchaser will deposit in escrow with the Title Company the Purchase Price (subject to adjustments described in Section 10.4, and any credit for the Xxxxxxx Money Deposit being applied to the Purchase Price), together with all other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, by Federal Reserve wire transfer of immediately available funds to an account to be designated by the Title Company. Provided that Seller has delivered into escrow or before timely performed all of its obligations under this Agreement (unless otherwise expressly waived by Purchaser) and that all of the Deposit Time the documents required pursuant conditions to Xxxxxxx 00.0 Purchaser's performance under this Agreement have been satisfied (xunless otherwise expressly waived by Purchaser), (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no later than 1:00 2:00 p.m. Pacific time Eastern Time on the Closing Date: (a) , Purchaser will cause authorize the Title Company to (ia) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) ), less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iib) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement. Provided Purchaser has timely performed all of its obligations under this Agreement (unless otherwise expressly waived by Seller) and that all of the conditions to Seller's performance under this Agreement have been satisfied (unless otherwise expressly waived by Seller), and (b) no later than 2:00 p.m. Eastern Time on the Closing Date, Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement.
Appears in 1 contract
Samples: Agreement of Sale and Purchase (Imclone Systems Inc/De)
Method of Payment of Purchase Price. No later than 1:00 p.m. Central Time on the Deposit Timeday that is two (2) Business Days prior to the Closing Date (or such later time and date as Seller shall direct Buyer at least five (5) Business Days prior to the Closing Date) and in order to enable Seller to defease its existing loan on the Property, Purchaser will deposit Buyer shall deliver to Escrow Agent for payment to Seller in escrow accordance with the Title Company terms of this Agreement, the Purchase Price (subject to adjustments described in Section 10.4, and any credit for less the Xxxxxxx Money Deposit being applied to the Purchase PriceMoney), together with all other costs and amounts to be paid by Purchaser Buyer at the Closing pursuant to the terms of this AgreementAgreement (“Buyer’s Costs”), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. In consideration of the early funding by Buyer, Seller shall give Buyer a credit at Closing in an amount equal to interest at the rate of 6% per annum on the cash balance of the Purchase Price for the period commencing on the date the Purchase Price is deposited with the Escrow Agent and continuing until the Closing Date. Escrow Agent, following authorization and instruction by the parties at Closing, shall (a) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account to be designated by the Title Company. Provided that Seller has delivered into escrow or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no later than 1:00 p.m. Pacific time on the Closing Date: (a) Purchaser will cause the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be accounts designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) Price, less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (c) pay Buyer’s Costs to the appropriate payees at Closing pursuant to the terms of this Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Prime Group Realty Trust)
Method of Payment of Purchase Price. No later than the Deposit Time, Purchaser will deposit in escrow with the Title Company the Purchase Price (subject to adjustments described in Section 10.4, and any credit for the Xxxxxxx Money Deposit being applied to the Purchase Price), together with all other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, by Federal Reserve wire transfer of immediately available funds to an account to be designated by the Title Company. Provided that Seller has delivered into escrow or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no No later than 1:00 2:00 p.m. Pacific Dallas, Texas time on the Closing Date: (a) Purchaser will cause the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) ), less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, ; and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement.
Appears in 1 contract
Samples: Agreement of Sale and Purchase (Behringer Harvard Reit I Inc)
Method of Payment of Purchase Price. No later than 1:00 p.m. Eastern Time on the Deposit TimeScheduled Closing Date, Purchaser will deposit in escrow with the Title Company shall pay to Escrow Agent (on behalf of Seller) the Purchase Price (subject to adjustments described in Section 10.4, and any credit for less the Xxxxxxx Money Deposit being applied to the Purchase PriceDeposit), together with all other costs and amounts to be paid by Purchaser at the Closing pursuant to the terms of this AgreementAgreement (such other costs and amounts, “Purchaser’s Costs”), by Federal Reserve wire transfer of immediately available funds to an the account of Escrow Agent pursuant to be designated and in accordance with the wiring instructions supplied by Seller to Purchaser one (1) Business Day prior to the Scheduled Closing Date. Escrow Agent, following authorization and instruction by the Title Company. Provided that Seller has delivered into escrow or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x)parties at Closing, (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no later than 1:00 p.m. Pacific time on the Closing Date: (a) Purchaser will cause the Title Company to shall (i) pay to Seller each of Harsimus (or its designee) and Columbia (or its designee) by separate Federal Reserve wire transfer transfers of immediately available federal funds to an the account to be designated by Sellereach of them, the amount of the Purchase Price (subject to adjustments described in Section 10.4) Price, less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, to which each of them are entitled, as set forth in a writing executed by both Harsimus and Columbia (the “Allocation Letter”) and which shall be furnished to Escrow Agent, (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser’s Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. A Closing Statement will be prepared by Seller and submitted to Purchaser in accordance with the terms of Section 10.4.
Appears in 1 contract
Samples: Agreement of Sale and Purchase (Mack Cali Realty Corp)
Method of Payment of Purchase Price. No Not later than 3:00 p.m. local time in Seattle, Washington on the last business day preceding the Closing Date (the “Deposit Time”), Purchaser will deposit in escrow with the Title Company the Purchase Price (subject to adjustments described in Section 10.4, and any credit for the Xxxxxxx Money Deposit being applied to the Purchase Price10.5), together with all other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, by Federal Reserve wire transfer of immediately available funds to an account to be designated by the Title Company. Provided that Seller has delivered into escrow or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no later than 1:00 p.m. Pacific time on On the Closing Date: (a) Purchaser will cause direct and instruct the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) 10.5), less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (iii) retain in escrow the Escrowed Funds provided for in Section 10.10; and (b) Seller will direct cause the Title Company to pay to the all appropriate payees payees, out of the proceeds of Closing payable to Seller, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement.
Appears in 1 contract
Method of Payment of Purchase Price. No later than the Deposit Time, Purchaser will deposit in escrow with the Title Company the Purchase Price (subject to adjustments described in Section 10.4, 10.4 and any credit for the Xxxxxxx Money Deposit being applied to the Purchase Price), together with all other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, by Federal Reserve wire transfer of immediately available funds to an account to be designated by the Title Company. Provided that Seller has delivered into escrow or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no No later than 1:00 12:00 p.m. Pacific time on the Closing Date: (a) Purchaser will cause direct the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) 10.4 and any credit for the Xxxxxxx Money Deposit being applied to the Purchase Price), less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement.
Appears in 1 contract
Samples: Agreement of Sale and Purchase (Hines Global REIT, Inc.)
Method of Payment of Purchase Price. No later than 1:00 p.m. Eastern Time on the Deposit TimeScheduled Closing Date, Purchaser will deposit in escrow with the Title Company shall pay to Escrow Agent (on behalf of Seller) the Purchase Price (subject to adjustments described in Section 10.4, and any credit for less the Xxxxxxx Money Deposit being applied to the Purchase PriceDeposit), together with all other costs and amounts to be paid by Purchaser at the Closing pursuant to the terms of this AgreementAgreement (such other costs and amounts, “Purchaser’s Costs”), by Federal Reserve wire transfer of immediately available funds to an the account of Escrow Agent pursuant to be designated and in accordance with the wiring instructions supplied by Seller to Purchaser one (1) Business Day prior to the Scheduled Closing Date. Escrow Agent, following authorization and instruction by the Title Company. Provided that Seller has delivered into escrow or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x)parties at Closing, (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no later than 1:00 p.m. Pacific time on the Closing Date: (a) Purchaser will cause the Title Company to shall (i) pay to Seller each of Harsimus (or its designee) and Columbia (or its designee) by separate Federal Reserve wire transfer transfers of immediately available federal funds to an the account to be designated by Sellereach of them, the amount of the Purchase Price (subject to adjustments described in Section 10.4) Price, less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, to which each of them are entitled, as set forth in a writing executed by both Harsimus and Columbia (the “Allocation Letter”) and which shall be furnished to Escrow Agent, (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement., and (iii) pay Purchaser’s Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. A Closing Statement will be prepared by Seller and submitted to Purchaser in accordance with the terms of Section 10.4. ARTICLE IV........
Appears in 1 contract
Samples: Agreement of Sale and Purchase (Mack Cali Realty L P)
Method of Payment of Purchase Price. No (a) Provided the Closing Statement has been agreed to by the parties on or before the Business Day preceding the Closing Date, then (b) no later than the Deposit Time, Purchaser will deposit in escrow with the Title Company the Purchase Price (subject to adjustments described in Section 10.4), less the Independent Consideration and any credit for the Xxxxxxx Money Deposit being Earnest Xxxxx Xeposit (to the extent the Earnest Xxxxx Xeposit is applied to the Purchase Price), together with all other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, by Federal Reserve wire transfer of immediately available funds to an account to be designated by the Title Company. Provided that Seller has delivered into escrow or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (ob) of this Agreement, then no later than 1:00 2:00 p.m. Pacific time Central Time on the Closing Date: , (ai) Purchaser will cause direct the Title Company to (iA) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) ), less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iiB) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (bii) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, all any costs and amounts expenses to be paid by Seller at Closing pursuant to the terms of this Agreement.
Appears in 1 contract
Samples: Sale and Purchase Agreement (Hines Real Estate Investment Trust Inc)
Method of Payment of Purchase Price. No later than 1:00 p.m. Eastern time on the Deposit TimeScheduled Closing Date, Purchaser will deposit in escrow with the Title Company the Purchase Price (subject to adjustments described in Section 10.4, and any credit for the Xxxxxxx Money Deposit being applied to shall pay the Purchase Price), together with all other costs and amounts to be paid by Purchaser at the Closing pursuant to the terms of this AgreementAgreement ("Purchaser's Costs"), by Federal Reserve wire transfer of immediately available funds to an the account to be designated of Escrow Agent. Escrow Agent, following authorization by the Title Company. Provided that Seller has delivered into escrow or before the Deposit parties prior to 3:00 p.m. Eastern Time the documents required pursuant to Xxxxxxx 00.0 (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no later than 1:00 p.m. Pacific time on the Scheduled Closing Date: (a) Purchaser will cause the Title Company to , shall (i) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) Price, less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. Escrow Agent shall be entitled to rely on any instrument or signature reasonably believed by it to be genuine and it may assume that any person purporting to give any writing, notice or instruction in connection with this Agreement is duly authorized to do so. Escrow Agent shall not be liable in connection with the performance of any duties imposed upon the Escrow Agent by the provisions of this Agreement, except by reason of the Escrow Agent's gross negligence or willful default. Escrow agent shall not be liable for any default or insolvency on the part of said bank in which said funds are deposited in accordance with written instructions of Seller and Buyer. Seller and Purchaser jointly and severally agree to defend (by attorneys selected by Escrow Agent), indemnify and hold Escrow Agent harmless from and against all costs, claims and expenses (including reasonable attorney’s fees) incurred in connection with the performance of Escrow Agent’s duties hereunder, except with respect to actions or omission taken or suffered by Escrow Agent in bad faith or in willful disregard of this contract or involving gross negligence on the part of Escrow Agent.
Appears in 1 contract
Samples: Sale Agreement (Etre Reit, LLC)
Method of Payment of Purchase Price. No later than the Deposit Time, Purchaser will deposit in escrow with the Title Company the Purchase Price (subject to adjustments described in Section 10.4, 10.4 and any credit for the Xxxxxxx Money Deposit being applied to the Purchase Price), together with all other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, by Federal Reserve wire transfer of immediately available funds to an account to be designated by the Title Company. Provided that Seller has delivered into escrow the conditions precedent to Purchaser’s obligation under Section 10.2 have been satisfied or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x)waived by Purchaser in writing, (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no later than 1:00 p.m. Pacific time on the Closing Date: (a) Purchaser will cause the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) 10.4 and any credit for the Xxxxxxx Money Deposit being applied to the Purchase Price), less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement.
Appears in 1 contract
Samples: Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc)
Method of Payment of Purchase Price. No later than the Deposit Time, and subject to the terms and conditions of this Agreement, Purchaser will deposit in escrow with the Title Company the Purchase Price (subject to adjustments described in Section 10.4, 10.4 and any a credit for the Xxxxxxx Money Deposit and interest thereon being applied to the Purchase Price), together with all other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, by Federal Reserve wire transfer of immediately available funds to an account to be designated by the Title Company. Provided that Seller has delivered into escrow or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no No later than 1:00 3:00 p.m. Pacific Eastern time on the Closing Date, and subject to the terms and conditions of this Agreement: (a) Purchaser will cause direct the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) 10.4 and a credit for the Xxxxxxx Money Deposit and interest thereon being applied to the Purchase Price), less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement.
Appears in 1 contract
Samples: Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc)
Method of Payment of Purchase Price. No later than 1:00 p.m. Central Time on the Deposit TimeClosing Date, Purchaser will deposit Buyer shall deliver to Escrow Agent for payment to Seller in escrow accordance with the Title Company terms of this Agreement, the Purchase Price as adjusted as herein provided (subject to adjustments described in Section 10.4, and any credit for less the Xxxxxxx Money Deposit being applied to the Purchase PriceMoney), together with all other costs and amounts to be paid by Purchaser Buyer to Seller at the Closing pursuant to the terms of this AgreementAgreement (“Buyer’s Costs”), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization and instruction by the parties at Closing, shall (a) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account to be designated by the Title Company. Provided that Seller has delivered into escrow or before the Deposit Time the documents required pursuant to Xxxxxxx 00.0 (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), (x), and (o) of this Agreement, then no later than 1:00 p.m. Pacific time on the Closing Date: (a) Purchaser will cause the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available federal funds to an account to be accounts designated by Seller, the Purchase Price (subject to adjustments described in Section 10.4) Price, less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller, Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement., and (c) pay Buyer’s Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. Agreement of Sale and Purchase
Appears in 1 contract
Samples: Purchase and Sale Agreement (Prime Group Realty Trust)