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

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. No later than 1:00 p.m. Eastern 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.)

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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. No later than 1:00 p.m. Eastern Time Central time on the Closing Date, and subject to the satisfaction of all of Purchaser’s conditions to close: (a) Purchaser will 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 10.4) 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 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 direct the Title Company to pay to the appropriate 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.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (HGR Liquidating 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. No later than 1:00 p.m. Eastern Time 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 1:00 p.m. Pacific time on the Deposit TimeClosing Date, 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. No later than 1:00 2:00 p.m. Eastern Time 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 Global REIT, Inc.)

Method of Payment of Purchase Price. No Subject to Section 3.5 hereof, no later than 5:00 p.m. Local Time on the Deposit TimeBusiness Day before the Closing Date, Purchaser will deposit in escrow with the Title Company deliver the Purchase Price (subject to the adjustments described in Section 10.4, 10.4 and any credit for the Xxxxxxx Money Deposit being applied to the Purchase Priceapplicable 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. No Subject to Section 3.5 hereof, no later than 1:00 p.m. Eastern 10:00 a.m. Local Time on the Closing Date: , (a) Purchaser will cause the Title Company to (i1) 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 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 direct the Title Company to pay to the appropriate 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)

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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. No later than 1:00 p.m. Eastern Time Pacific time on the Closing Date, but subject to the satisfaction of any conditions to Closing under this Agreement: (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 (Cole Office & Industrial REIT (CCIT II), Inc.)

Method of Payment of Purchase Price. No 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 10.4, 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. No later than 1:00 p.m. Eastern 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 (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

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Safeco Corp)

Method of Payment of Purchase Price. No later than 10:00 a.m. Pacific time on the Deposit TimeClosing Date, 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. No later than 1:00 p.m. Eastern Time 11:00 a.m. Pacific time on the Closing Date: (a) Purchaser will 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 10.4) 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 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 direct the Title Company to pay to the appropriate 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)

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