Non-Refundable Payment. See Section 3(b).
Non-Refundable Payment. Concurrently with the delivery to Escrow Holder of the Initial Xxxxxxx Money Deposit, as a condition precedent to the effectiveness of this Agreement, Buyer shall deposit in escrow with the Title Company the amount of One Hundred and No/100ths Dollars ($100.00) (the “Non-Refundable Payment”), as consideration for Buyer’s rights under Section 4 of this Agreement and Seller’s execution and delivery of this Agreement. The Non-Refundable Payment shall be immediately released from the Escrow to Seller, shall be fully earned by Seller upon receipt, shall not constitute part of the Initial Xxxxxxx Money Deposit and notwithstanding anything in this Agreement to the contrary, shall not be returned to Buyer in any circumstance. The Non-Refundable Payment shall be applicable to the Consideration at the Close of Escrow. Buyer acknowledges that Seller would not have agreed to the terms of Section 4 of this Agreement had Buyer not made the Non-Refundable Payment to Seller on the terms set forth in this Section 3(b).
Non-Refundable Payment. No later than two (2) business days after the Effective Date, Purchaser shall pay to Seller in good funds by federal wire transfer the sum of Thirty-Three Thousand Two Hundred Eighty Dollars ($33,280) as consideration for Seller entering into this Agreement (the "Initial Payment"). The Initial Payment shall be earned by Seller entering into this Agreement and the Other TC Agreements (hereinafter defined) and shall be non-refundable (subject to the provisions of Sections 6.2 and 7.2 hereof). The Initial Payment shall be credited against the Purchase Price in accordance with Section 1.8 hereof.
Non-Refundable Payment. Within two (2) Business Days after the Effective Date, as consideration for Seller’s agreement to the terms of Section 4, below, and as a condition precedent to the effectiveness of this Agreement, Buyer shall deliver directly to Seller, in cash or by wire transfer, immediately available funds in the amount of One Hundred and No/100ths Dollars ($100.00) (the “Non-Refundable Payment”). The Non-Refundable Payment shall be fully earned and retained by Seller immediately upon receipt and, notwithstanding any provisions of this Agreement to the contrary, the Non-Refundable Payment shall not be returned to Buyer in any circumstance. The Non-Refundable Payment shall not constitute a part of the Exxxxxx Money, but shall be applicable to the Consideration at the Close of Escrow. Buyer acknowledges that Seller would not have agreed to the terms of Section 4 of this Agreement had Buyer not made the Non-Refundable Payment to Seller on the terms set forth in this Section 3(b).
Non-Refundable Payment. Within two (2) Business Days after the Effective Date, as consideration for Seller’s agreement to enter into this Agreement and as a condition precedent to the effectiveness of this Agreement, Purchaser shall deliver directly to Seller, by wire transfer, immediately available funds in the amount of One Hundred and No/100 Dollars ($100.00) (the “Non-Refundable Payment”). The Non-Refundable Payment shall be fully earned and retained by Seller immediately upon receipt and, notwithstanding any provisions of this Agreement to the contrary, the Non-Refundable Payment shall not be returned to Purchaser in any circumstance. On the Closing Date, the amount of the Non-Refundable Payment, without interest, shall be applied to the Purchase Price. The Non-Refundable Payment shall not constitute a part of the Deposit. Purchaser acknowledges that Seller would not have entered into this Agreement had Purchaser not made the bargained for Non-Refundable Payment to Seller on the terms set forth in this Section 2.1.4.
Non-Refundable Payment. On the Contract Date, as consideration for Seller’s agreement to enter into this Agreement and grant Buyer the right to conduct due diligence and terminate this Agreement on and subject to the terms of Section 7, and as a condition precedent to the effectiveness of this Agreement, Buyer shall deliver directly to Seller, by personal check, cash or wire transfer funds in the amount of One Hundred and No/100ths Dollars ($100) (the “Non-Refundable Payment”). The Non-Refundable Payment shall be fully earned and retained by Seller immediately upon receipt and, notwithstanding any provisions of this Agreement to the contrary, the Non-Refundable Payment shall not be returned to Buyer in any circumstance.
Non-Refundable Payment. Immediately upon the receipt by Azco of its requisite Insurance and Certificate of Qualification in accordance with sections "4.2" and "4.4" hereinbelow and, in any event, on or before 20 days from the due and complete execution of this Agreement, Azco shall pay to the Seller the sum of U.S. twenty thousand dollars (U.S. $20,000) as a non-refundable payment which may not be applied as against the purchase price of the Option in conjunction with section "2.2" hereinbelow.
Non-Refundable Payment. Within two (2) Business Days after the Effective Date, as consideration for Seller’s agreement to the terms of Section 4, below, and as a condition precedent to the effectiveness of this Agreement, Buyer shall deliver directly to Seller, in cash or by wire transfer, immediately available funds in the amount of One Hundred and No/100ths Dollars ($100.00) (the “Non-Refundable Payment”), as consideration for Buyer’s rights under Section 4 of this Agreement and Seller’s execution and delivery of this Agreement. The Non-Refundable Payment shall be fully earned and retained by Seller immediately upon receipt and, notwithstanding any provisions of this Agreement to the contrary, the Non-Refundable Payment shall not be returned to Buyer in any circumstance. The Non-Refundable Payment shall not constitute a part of the Xxxxxxx Money, but shall be applicable to the Consideration at the Close of Escrow. Buyer acknowledges that Seller would not have agreed to the terms of Section 4 of this Agreement had Buyer not made the Non-Refundable Payment to Seller on the terms set forth in this Section 3(b).
Non-Refundable Payment. Contemporaneously with the execution of this Agreement, the Purchaser has paid the Sellers $500,000 in immediately available funds. Promptly, but in no event later than two (2) business days, after the Sellers submit the FCC Application to the FCC, all as set forth in Section 8.4, the Purchaser shall pay the Sellers $250,000. Promptly, but in no event later than two (2) business days, after the Sellers submit the filings required of the Sellers pursuant to the HSR Act, all as set forth in Section 8.12, the Purchaser shall pay the Sellers $250,000. Each of the above-described payments (collectively, the "Non-Refundable Payments") will be fully earned by the Sellers as of, in the case of the first payment, when the Sellers execute and deliver this Agreement, in the case of the second payment, when the Sellers execute and submit the FCC Application, and in the case of the third payment, when the Sellers execute and submit the filings required of them pursuant to the HSR Act. The Non-Refundable Payments are not refundable by the Sellers to the Purchaser under any circumstances.
Non-Refundable Payment. In partial consideration of the licenses and rights granted to EFJ hereunder, EFJ agrees to pay to Motorola a nonrefundable sum of five million dollars ($5,000,000) in calendar installments as follows:
