Common use of Method of Payment of Purchase Price Clause in Contracts

Method of Payment of Purchase Price. Not later than 3:00 p.m. Pacific Standard Time 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 10.5), 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. On the Closing Date: (a) Purchaser will direct and instruct the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 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 (b) Seller will cause the Title Company to pay to all 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: Purchase and Sale Agreement and Joint Escrow Instructions (Safeco Corp)

AutoNDA by SimpleDocs

Method of Payment of Purchase Price. Not Subject to Section 3.5 hereof, no later than 3:00 5:00 p.m. Pacific Standard Local Time on the last business day preceding Business Day before the Closing Date (the “Deposit Time”)Date, Purchaser will deposit in escrow with the Title Company deliver the Purchase Price (subject to the adjustments described in Section 10.510.4 and any applicable credits), 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. On Subject to Section 3.5 hereof, no later than 10:00 a.m. Local Time on the Closing Date: , (a) Purchaser will direct and instruct cause the Title Company to (i1) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.510.4 and any applicable credits), less any costs or other amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (ii2) 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 cause direct the Title Company to pay to all the appropriate payees, payees out of the proceeds of Closing payable to Seller, all costs and amounts due, or to be paid paid, by Seller at Closing pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Lease Guaranty Agreement (Hines Real Estate Investment Trust Inc)

Method of Payment of Purchase Price. Not later than 3:00 p.m. Pacific Standard Time on the last business day preceding the Closing Date (the “Deposit Time”Purchaser, shall in accordance with Section 4.3(a), Purchaser will deposit in escrow with the Title Company the Purchase Price (subject to adjustments described in Section 10.510.4), 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. On No later than 11:00 a.m. on the Closing Date: (a) Purchaser will direct and instruct cause the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.510.4), 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 cause direct the Title Company to pay to all the appropriate payees, 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: Purchase and Sale Agreement (Ust Inc)

Method of Payment of Purchase Price. Not No later than 3:00 p.m. Pacific Standard Time 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 10.510.4 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. On No later than 12:00 p.m. Pacific time on the Closing Date: (a) Purchaser will 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 10.510.4 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 cause direct the Title Company to pay to all the 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

Samples: Agreement of Sale and Purchase (Hines Global REIT, Inc.)

Method of Payment of Purchase Price. Not No later than 3:00 p.m. 10:00 a.m. Pacific Standard Time time on the last business day preceding the Closing Date (the “Deposit Time”)Date, Purchaser will deposit in escrow with the Title Company the Purchase Price (subject to adjustments described in Section 10.510.4 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. On No later than 11:00 a.m. Pacific time on the Closing Date: (a) Purchaser will direct and instruct cause the Title Company to (i) pay to Seller Sellers by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by SellerSellers, the Purchase Price (subject to adjustments described in Section 10.510.4 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 Sellers 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 Sellers will cause direct the Title Company to pay to all the appropriate payees, payees out of the proceeds of Closing payable to SellerSellers, all costs and amounts to be paid by Seller Sellers at Closing pursuant to the terms of this Agreement.. DAL02:624104.4 LEGAL_US_W # 74790953.14 10

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Hines Real Estate Investment Trust Inc)

Method of Payment of Purchase Price. Not No later than 3:00 p.m. Pacific Standard Time 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 10.510.4, 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. On No later than 1:00 p.m. Eastern Time on the Closing Date: (a) Purchaser will direct and instruct 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 10.5), 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 cause direct the Title Company to pay to all the 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

Samples: Agreement of Sale and Purchase (Hines Global REIT, Inc.)

AutoNDA by SimpleDocs

Method of Payment of Purchase Price. Not later than 3:00 p.m. Pacific Standard Time 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 10.5), 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. On the Closing Date: (a) Purchaser will direct and instruct the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 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 cause the Title Company to pay to all 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: Purchase and Sale Agreement and Joint Escrow Instructions (Safeco Corp)

Method of Payment of Purchase Price. Not No later than 3:00 p.m. Pacific Standard Time on the last business day preceding the Closing Date (the “Deposit Time”), Purchaser will deposit in escrow with the Title Company the Purchase Price (Price, less the Deposit and subject to the adjustments described in Section 10.5)10.4, 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. On No later than 20289493.10 7 12:00 noon Pacific Time on the Closing Date: (a) Purchaser will direct and instruct cause the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account to be designated by Seller, the Purchase Price (subject to adjustments described in Section 10.510.4), 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 cause direct the Title Company to pay to all the 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

Samples: Agreement of Sale and Purchase (Allegiant Travel CO)

Method of Payment of Purchase Price. Not No later than 3:00 p.m. Pacific Standard Time 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 10.510.4, 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. On No later than 1:00 p.m. Pacific time on the Closing Date: (a) Purchaser will direct and instruct 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 10.5), 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 cause direct the Title Company to pay to all the 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

Samples: Agreement of Sale and Purchase (Hines Global REIT, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.