Common use of Nature of Deposit Clause in Contracts

Nature of Deposit. The Deposit thereafter shall be entirely non-refundable to Buyer, except as otherwise provided in this Agreement. The Deposit (together with any interest earned thereon) shall be applied and credited to the Purchase Price at the Close of Escrow.

Appears in 1 contract

Samples: Special Warranty Deed (CIM Commercial Trust Corp)

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Nature of Deposit. The Deposit thereafter shall be is entirely non-refundable to Buyer, except as otherwise provided in this Agreement. The Deposit (together with any interest earned thereonthereon while, but only while, held by Escrow Holder) shall be applied and credited to the Purchase Price at the Close of Escrow.

Appears in 1 contract

Samples: Escrow Holdback Agreement (RREEF Property Trust, Inc.)

Nature of Deposit. The Deposit thereafter shall be is entirely non-refundable to Buyer, except as otherwise provided in this Restated Agreement. The Deposit (together with any interest earned thereonthereon while, but only while, held by Escrow Holder) shall be applied and credited to the Purchase Price at the Close of Escrow.Escrow and allocated among the Properties in the same proportion that the allocated prices bear to the Purchase Price in accordance with Schedule H.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CIM Commercial Trust Corp)

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Nature of Deposit. The Deposit thereafter shall be entirely non-refundable to Buyer, except as otherwise provided in this Agreement. The Deposit (together with any interest earned thereonthereon while, but only while, held by Escrow Holder) shall be applied and credited to the Purchase Price at the Close of Escrow.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CIM Commercial Trust Corp)

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