Payment of Xxxxxxx Money Sample Clauses

Payment of Xxxxxxx Money. [check one]  Buyer has remitted the Xxxxxxx Money to Escrow Agent, and Escrow Agent shall deposit same into a trust account within three (3) banking days from the date Escrow Agent receives an original or copy of the Accepted (as hereinafter defined) Contract; or  Buyer has not remitted the Xxxxxxx Money to Escrow Agent, but shall remit same to Escrow Agent within days from the date of Acceptance of this contract and Escrow Agent shall deposit same into a trust account within three (3) banking days from the date of receipt of the deposit and a copy or original of the Accepted Contract. In the event said payment is not timely remitted, Seller shall be promptly notified by Escrow Agent and Seller shall have the rights and remedies set out in this section.
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Payment of Xxxxxxx Money. Subject to the due diligence results being satisfactory to Agile Eco, within three business days after completion of the registration procedures in relation to the pledge of the Sale Equity Interest in favour of Agile Eco, Agile Eco shall pay the Xxxxxxx Money. The Xxxxxxx Money has been determined with reference to the aggregate net asset of the Target Companies as at 30 June 2018 in the amount of approximately RMB1.26 billion. Security and guarantee in relation to the Xxxxxxx Money The Company agreed to procure a pledge over the Sale Equity Interest in favour of Agile Eco before the payment of the Xxxxxxx Money can be made by Agile Eco to the Company and until Completion. The Company also agreed to provide guarantee in respect of the return of the Xxxxxxx Money by the Company to Agile Eco in case the Disposal does not proceed. Conditions precedent Completion will be conditional, among other things:
Sample 1
Payment of Xxxxxxx Money. Upon the receipt of written certification from the Seller claiming the Xxxxxxx Money pursuant to the provisions of this Agreement, Title Company shall promptly forward a copy thereof to the Purchaser and, unless Purchaser within two (2) business days of receipt thereof notifies Title Company of any objection to such requested disbursement of the Xxxxxxx Money, Title Company shall disburse the Xxxxxxx Money to Seller and shall thereupon be released and discharged from any further duty or obligation hereunder. Purchaser acknowledges that, in the event Purchaser shall object to the transfer of the Xxxxxxx Money to Seller, Title Company shall either retain said Xxxxxxx Money or bring an appropriate action or proceeding for leave to deposit the Xxxxxxx Money and Additional Deposit, if any, in a court of competent jurisdiction pending such determination, and Title Company shall have no further obligations hereunder. Title Company shall have no responsibility or obligation with respect to the Additional Xxxxxxx Money.
Sample 1
Payment of Xxxxxxx Money. (a) Contemporaneous with the execution of this Agreement, the Purchaser shall:
Sample 1
Payment of Xxxxxxx Money. Upon its receipt, the Sellers' Representative shall deposit the Xxxxxxx Money in a segregated account (which may be interest paying) and shall pay out and distribute it only in accordance with this Section 2.3. In the event Buyer breaches this Agreement by failing or refusing to close the sale contemplated hereby on the Closing Date and provided that the conditions contained in this Agreement to which the duties and obligations of Buyer are subject as set forth in Section 8.1 shall have been fulfilled in all material respects and not waived by Buyer, Sellers shall retain the Xxxxxxx Money as liquidated damages in lieu of all other damages (and as Sellers' sole remedy in such event). The parties hereby acknowledge that the extent of damages to Sellers occasioned by such failure or refusal by Buyer would be impossible or extremely impractical to ascertain and that the amount of the Xxxxxxx Money is a fair and reasonable estimate of such damages under the circumstances. In the event the Closing does not occur and the Xxxxxxx Money is not applied pursuant to Section 2.2 or retained pursuant to the foregoing provisions of this Section 2.3, the Xxxxxxx Money shall be returned to Buyer without interest. In the event the Closing occurs, Sellers' Representative will retain the Xxxxxxx Money in the segregated account until such time as the Adjusted Working Capital reconciliation contemplated by Section 2.7 has been completed and the final Closing Adjusted Working Capital has been determined. If, as a result of such determination, any amount is owing to Buyer, Sellers' Representative shall pay such amount to Buyer on behalf of Sellers and shall distribute the balance of the Xxxxxxx Money to the Sellers as appropriate.
Sample 1
Payment of Xxxxxxx Money. Buyer shall pay, as xxxxxxx money ("Xxxxxxx Money"), upon execution and delivery of this Agreement, the sum of $60,000.00, pursuant to the terms of the Xxxxxx Money Contract. The Xxxxxxx Money shall be deposited with a title company mutually agreeable to the parties, as escrow agent, which Xxxxxxx Money shall be applied, subject to Closing, to the Purchase Price. In the event this Agreement is terminated and the Closing does not occur, the Xxxxxxx Money, together with any earned interest thereon, shall be delivered in the manner set forth in Article 9 hereof.
Sample 1
Payment of Xxxxxxx Money. [check one] □ Buyer has remitted the Xxxxxxx Money to Escrow Agent, and Escrow Agent shall deposit same into a trust account within three (3) banking days from the date Escrow Agent receives an original or copy of the Accepted (as hereinafter defined) Contract; or □ Buyer has not remitted the Xxxxxxx Money to Escrow Agent, but shall remit same to Escrow Agent within days from the date of Acceptance of this contract and Escrow Agent shall deposit same into a trust account within three (3) banking days from the date of receipt of the deposit and a copy or original of the Accepted Contract. In the event said payment is not timely remitted, Seller shall be promptly notified by Escrow Agent and Seller shall have the rights and remedies set out in this section. □ Buyer has remitted the Xxxxxxx Money to Seller, and Seller shall deposit same into the account indicated above within three (3) banking days from the date Seller delivers to Buyer an original or copy of the Accepted (as hereinafter defined) Contract; or □ Buyer has not remitted the Xxxxxxx Money to Seller, but shall remit same to Seller within days from the date of Acceptance of this contract and Seller shall deposit same into the account indicated above within three (3) banking days from the date of receipt of the deposit and a copy or original of the Accepted Contract. In the event said payment is not timely remitted, Seller shall have the rights and remedies set out in this section.
Sample 1
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Related to Payment of Xxxxxxx Money

  • Xxxxxxx Money After acceptance by all Parties, the Buyer agrees to make a payment in the amount of $ as consideration by , 20 at : ☐ AM ☐ PM (“Xxxxxxx Money”). The Xxxxxxx Money shall be applied to the Purchase Price at Closing and subject to the Buyer’s ability to perform under the terms of this Agreement. Any Xxxxxxx Money accepted ☐ is ☐ is not required to be placed in a separate trust or escrow account in accordance with State law.

  • Xxxxxxxx-Xxxxx Act There is and has been no failure on the part of the Company or any of the Company’s directors or officers, in their capacities as such, to comply with any provision of the Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated in connection therewith (the “Xxxxxxxx-Xxxxx Act”), including Section 402 related to loans and Sections 302 and 906 related to certifications.

  • Xxxxxx Xxxxxxx Purchase Order and Sales Contact Email Please enter a valid email address that will definitely reach the Purchase Order and Sales Contact. 2 2 xxxxxx@xxxxxxxxxxxxxxxxx.xxx Purchase Order and Sales Contact Phone Numbers only, no symbols or spaces (Ex. 8668398477). The system will auto-populate your entry with commas once submitted which is appropriate and expected (Ex. 8,668,398,477). 2 3 3152473177 Company Website Company Website (Format - xxx.xxxxxxx.xxx) 4 xxx.xxxxxxxxxxxxxxxxx.xxx Entity D/B/A's and Assumed Names You must confirm that you are responding to this solicitation under your legal entity name. Go now to your Supplier Profile in this eBid System and confirm that your profile reflects your "Legal Name" as it is listed on your W9. In this question, please identify all of your entity's assumed names and D/B/A's. Please note that you will be identified publicly by the Legal Name under which you respond to this solicitation unless you organize otherwise with TIPS after award. NGU Sports LIghting, LLC Primary Address Primary Address 6 0000 XXX Xxxx, Xxxxx 000 Primary Address City Primary Address City 2 7 Palm Beach Gardens Primary Address State Primary Address State (2 Digit Abbreviation) 2 8 FL Primary Address Zip Primary Address Zip 9 33410 Search Words Identifying Vendor Please list all search words and phrases to be included in the TIPS database related to your entity. Do not list words which are not associated with the bid category/scope (See bid title for general scope). This will help users find you through the TIPS website search function. You may include product names, manufacturers, specialized services, and other words associated with the scope of this solicitation. LED lighting, LED Sports Lighting, LED Indoor lighting, LED Field lighting, Sports lighting, Field lighting, Colored lighting, Convention Center Lighting Certification of Vendor Residency (Required by the State of Texas) Does Vendor's parent company or majority owner:

  • Xxxxxxxx-Xxxxx The Company is in compliance, in all material respects, with all applicable provisions of the Xxxxxxxx-Xxxxx Act of 2002 and the rules and regulations promulgated thereunder.

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