PAYMENT OF PURCHASE PRICE/DEPOSIT. At or before the Closing, Broker shall deliver the Deposit to the escrow agent/title agent (“Escrow Agent”) and it shall be credited against the Purchase Price at the Closing. No interest shall accrue on the Deposit or other funds held in trust by Broker. Buyer agrees to pay the balance of the Purchase Price in U.S. Dollars in immediately available funds on or before the Closing Date. Buyer acknowl- edges that its obligations under this Purchase Agreement are not contingent on obtaining financing and Buyer represents to Seller and Broker that it either has cash or is approved for a loan at financial institution in an amount sufficient to discharge its payment obligations under this Purchase Agreement. In the event that Buyer fails to close the transaction in accordance with Paragraph 5, and upon written verifica- tion from Seller that Seller remains ready willing and able to close, Broker shall disburse the Deposit to Seller. Should Seller be unable to close in accordance with Paragraph 5 for any reason other than through fault of the Buyer, the Deposit shall be disbursed to the Buyer. Loan Officer Phone
PAYMENT OF PURCHASE PRICE/DEPOSIT. The Purchase Price shall be paid by Buyer as follows:
PAYMENT OF PURCHASE PRICE/DEPOSIT. The Deposit shall be paid upon execution of this Agreement and the balance of the purchase price shall be payable contemporaneously with the delivery of the vehicle.
PAYMENT OF PURCHASE PRICE/DEPOSIT. (a) It is hereby irrevocably acknowledged, confirmed and agreed by Seller that the mutual obligations and covenants of the parties hereunder and the entry by affiliates of Seller and Buyer into other agreements as of even date herewith, constitute adequate consideration for the Option herein granted.
PAYMENT OF PURCHASE PRICE/DEPOSIT. (a) Subject to terms of Section 1.5.2(b) and Section 1.5.3 below, Buyer, the Company and the Sellers shall cause the Escrow Agent to distribute the Purchase Price Deposit (i) if the Closing occurs, to the Sellers at the Closing in accordance with Section 1.3, or (ii) in the event of a Qualifying Termination, to the Company by wire transfer of immediately available funds, in such account or accounts designated by the Company, provided that (A) if Buyer delivers a Deposit Dispute Notice within the Deposit Dispute Window and the Sellers are determined to be the Prevailing Party in accordance with Section 1.5.2, within three (3) Business Days of such determination, or (B) if Buyer does not deliver a Deposit Dispute Notice within the Deposit Dispute Window, within three (3) Business Days of the end of the Deposit Dispute Window.
PAYMENT OF PURCHASE PRICE/DEPOSIT. At or before the Closing, Xxxxxx shall deliver the Deposit to the escrow agent/title agent (“Escrow Agent”) and it shall be credited against the Purchase Price at the Closing. No interest shall accrue on the Deposit or other funds held in trust by Xxxxxx. Xxxxx agrees to pay the balance of the Purchase Price in U.S. Dollars in immediately available funds on or before the Closing Date. Buyer acknowl- edges that its obligations under this Purchase Agreement are not contingent on obtaining financing and Buyer represents to Seller and Broker that it either has cash or is approved for a loan at financial institution in an amount sufficient to discharge its payment obligations under this Purchase Agreement. Page 1 of 5 Initials: Buyer Seller (000) 000-0000 | xxx.xxxxxxxxxxxxx.xxx | xxx.xxxxxxxxxxxxxxxxx.xxx In the event that Xxxxx fails to close the transaction in accordance with Paragraph 5, and upon written verifica- tion from Seller that Xxxxxx remains ready willing and able to close, Xxxxxx shall disburse the Deposit to Seller. Should Seller be unable to close in accordance with Paragraph 5 for any reason other than through fault of the Buyer, the Deposit shall be disbursed to the Buyer. Loan Officer Phone
PAYMENT OF PURCHASE PRICE/DEPOSIT. (a) On or before the day five (5) Business Days after the date of the Auction (September 22, 2020), Broker shall deliver the Deposit to the escrow agent/title agent (“Escrow Agent”), payable to the Escrow Agent, which Deposit shall be held and released by the Escrow Agent in accordance with the terms of this Agreement. (b) The Deposit shall be applied to the Purchase Price at the Closing and shall otherwise be held, refunded, or disbursed in accordance with the terms of this Agreement. Interest and other income from time to time earned on the Deposit shall be earned for the account of the Buyer, and shall be a part of the Deposit. Buyer agrees to pay the balance of the Purchase Price in U.S. Dollars in immediately available funds to the Escrow Agent, for further delivery to Seller or to an account or accounts designated by Seller on or before the Closing Date. Buyer acknowledges that its obligations under this Purchase Agreement are not contingent on obtaining financing and Buyer represents to Seller and Broker that it either has cash or is approved for a loan at financial institution in an amount sufficient to discharge its payment obligations under this Purchase Agreement. In the event that Buyer fails to close the transaction in accordance with this Agreement, Broker shall disburse the Deposit to Seller. Should Seller be unable to close in accordance with this agreement for any reason other than through fault of the Buyer, the Deposit shall be disbursed to the Buyer.
PAYMENT OF PURCHASE PRICE/DEPOSIT. (i) Purchasers shall pay the Closing Date Purchase Payment (as adjusted as specifically stated herein) to Owners at Closing, and Purchasers shall pay the Contingent Additional Purchase Price Payments to Owners as specified herein, by wire transfer of immediately available funds to the accounts designated by the Owners’ Representative. All Closing Date Purchase Price Payments, any Closing Date adjustments to the Purchase Price and any adjustments and payments of Local Entity Debt will be reflected on a closing statement executed by Checkpoint and Owners’ Representative as of the Closing Date (“Purchase Price Closing Statement”). All references to dollars herein shall mean United States Dollars or, at the option of Purchasers in each case upon agreement of the Owners’ Representative, an equivalent amount in Euros or Hong Kong Dollars, or a combination thereof.
PAYMENT OF PURCHASE PRICE/DEPOSIT. If Buyer breaches the Agreement after the expiration of the Due Diligence Period (provided that Buyer has not terminated the Agreement before the expiration of the Due Diligence Period) and the transaction contemplated hereby does not close as a result of such breach, then the total Purchase Price Deposit plus accrued interest shall be non-refundable to Buyer and shall be payable to Seller as liquidated damages. If this transaction is consummated in accordance with the terms of this Agreement, the total amount of such deposit plus accrued interest shall be applied in full towards payment of the Purchase Price at the Close of Escrow. All funds deposited in Escrow shall earn interest until paid out as liquidated damages or credited to payment of the Purchase Price at the Close of Escrow. Time is of the essence for deposit of the Purchase Price Deposit.
PAYMENT OF PURCHASE PRICE/DEPOSIT. The Purchase Price shall be paid by wire transfer of immediately available federal funds on the Closing Date (the amount to be paid under this paragraph being herein called the “Closing Payment”). Within three (3) days after the Effective Date, Buyer shall deliver to Escrow Holder a wire transfer of immediately available federal funds, in the amount of [ ] and No/100 Dollars ($ .00) (the “Deposit”). The Deposit shall be held and disbursed by Escrow Holder in accordance with the terms of this Agreement, and shall be a credit against the Purchase Price. If, for any reason, Xxxxx is entitled to a refund of the Deposit, $10.00 of the Deposit will nevertheless be paid to Seller as consideration for entering into this Agreement and for the rights granted to Buyer under this Agreement, even if such independent consideration is not specifically referenced elsewhere in this Agreement.
