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. See Section 3(b).
Non-Refundable Payment. No later than two (2) business days after the Effective Date, Purchaser shall deposit with the Escrow Agent in good funds by federal wire transfer the sum of One Hundred Thousand Dollars ($100,000) in accordance with the terms and conditions of this Agreement 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 Agreement (hereinafter defined) and shall be non-refundable (subject to the provisions of Sections 2.4, 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. A portion of the Initial Deposit in the amount of One Hundred Dollars ($100) (the “Non-Refundable Payment”) shall serve as independent consideration for Seller’s execution of this Agreement and agreement to sell the Property to Purchaser on and subject to the terms and conditions of this Agreement, including, without limitation, the grant to Purchaser of the right to conduct its due diligence investigations of the Property. The Non-Refundable Payment shall be fully earned and immediately released to Seller by Title Company and, notwithstanding any provisions of this Agreement to the contrary, the Non-Refundable Payment shall not be returned to Purchaser in any circumstance. The Non-Refundable Payment shall not constitute a part of the Deposit but shall be applied toward the Purchase Price upon Closing, should Closing occur. Purchaser acknowledges that Seller would not have entered into this Agreement had Purchaser not made the bargained for Non-Refundable Payment on the terms set forth in this Section 2.2.
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. As consideration for Seller’s agreement to the terms of Section 4, below, and Buyer’s right to terminate this Agreement under Section 4(l), below, and as a condition precedent to the effectiveness of this Agreement, Seller shall be entitled to retain from the Deposit, and the Title Agent shall pay to Seller, following any timely termination of this Agreement pursuant to Section 4(l), the sum of One Hundred and No/100ths Dollars ($100.00) (the “Non-Refundable Payment”) as independent consideration for the transaction contemplated by this Agreement. The Non-Refundable Payment shall not constitute a part of the Exxxxxx Money, but shall be applicable to the Consideration at the Closing. 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 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 ($100.00) (the “Non-Refundable Payment”), as consideration for Buyer’s rights under Section 4 of this Agreement and Seller’s execution and delivery of this Agreement. The Non-Refundable Payment shall be fully earned and retained by Seller immediately upon receipt and, notwithstanding any provisions of this Agreement to the contrary, the Non-Refundable Payment shall not be returned to Buyer in any circumstance. The Non-Refundable Payment shall not constitute a part of the Xxxxxxx Money, but shall be applicable to the Consideration at the Close of Escrow. Buyer acknowledges that Seller would not have agreed to the terms of Section 4 of this Agreement had Buyer not made the Non-Refundable Payment to Seller on the terms set forth in this Section 3(b).
Non-Refundable Payment. For greater certainty, any money paid by the Assignee pursuant to Article 2 will be non-refundable.
Non-Refundable Payment. The First Payment of One Million Dollars (US$ 1,000,000) shall be non- refundable in an early termination. Under no circumstances shall the Company request or demand the said payment be returned to the Company due to any reason described in Section 3 “Termination”.
