Common use of PRICE AND DEPOSIT Clause in Contracts

PRICE AND DEPOSIT. Purchaser agrees to pay the amount of the High Bid of $ plus the 10% Buyer Premium of $ for a Total Contract Price of $ for the Subject Real Estate. A Non-Refundable Down Payment of $ (10% of Total Contract Price) is to be paid to & deposited by Escrow Agent upon acceptance and applied toward the Total Contract Price at closing. In the event this transaction does not close for any reason other than non-marketable title or as otherwise agreed by ALL parties, Purchaser agrees that the down payment shall be disbursed by Escrow Agent as provided for in paragraph 5 below, UNLESS Escrow Agent & Broker are previously notified in writing by Purchaser that litigation has been filed with a Court of Competent Jurisdiction (a copy of the filing must be attached). Pursuant to paragraph 2, upon written instruction from the Broker and the authority granted in this Irrevocable Letter of Instruction, I authorize and direct M & M Title Company to follow the instructions of the Broker as to the distribution of my down payment. Further, I agree to hold Broker & M & M Title Company harmless for any such disbursements to any individuals or entities. I have reviewed the Contract to Purchase at Online Auction dated June 26, 2018 and this Irrevocable Letter of Instruction and:

Appears in 2 contracts

Samples: www.ohiorealestateauctions.com, www.ohiorealestateauctions.com

AutoNDA by SimpleDocs

PRICE AND DEPOSIT. Purchaser agrees to pay the amount of the High Bid Amount of $ plus the a 10% Buyer Premium of $ for a Total Contract Price of $ for the Subject subject Real Estate. A Non-Refundable Down Payment of $ (10% of Total Contract Price) is to be paid to & deposited by Escrow Agent upon within 24 hours of acceptance and applied toward the Total Contract Price at closing. In the event this transaction does not close for any reason other than non-marketable title or as otherwise agreed by ALL parties, Purchaser agrees that the down payment Down Payment shall be disbursed by Escrow Agent as provided for in paragraph 5 below, UNLESS Escrow Agent & Broker are previously notified in writing by Purchaser purchaser that litigation has been filed with a Court of Competent Jurisdiction (a copy of the filing must be attached). Pursuant to paragraph 2, upon written instruction instructions from the Broker and the authority granted in this Irrevocable Letter of Instruction, Instruction I authorize and direct M & M Title Company approve (Closing Agent) to follow the instructions of from the Broker as to the distribution of my down payment. Further, I agree to hold Broker & M & M Title Company (Closing Agent) harmless for any such disbursements expenditures to any individuals or entities. I have reviewed the Contract to Purchase at At Online Auction dated June 26September 22, 2018 2020, and this Irrevocable Letter of Instruction andInstruction:

Appears in 2 contracts

Samples: www.ohiorealestateauctions.com, www.ohiorealestateauctions.com

PRICE AND DEPOSIT. Purchaser agrees to pay the amount of the High Bid of $ $280,500 plus the 10% Buyer Premium of $ $28,050 for a Total Contract Price of $ $308,550 for the Subject Real Estate. A Non-Refundable Down Payment of $ 30,855 (10% of Total Contract Price) is to be paid to & deposited by Escrow Agent upon acceptance and applied toward the Total Contract Price at closing. In the event this transaction does not close for any reason other than non-marketable title or as otherwise agreed by ALL parties, Purchaser agrees that the down payment shall be disbursed by Escrow Agent as provided for in paragraph 5 below, UNLESS Escrow Agent & Broker are previously notified in writing by Purchaser that litigation has been filed with a Court of Competent Jurisdiction (a copy of the filing must be attached). Pursuant to paragraph 2, upon written instruction from the Broker and the authority granted in this Irrevocable Letter of Instruction, I authorize and direct M & M Title Company to follow the instructions of the Broker as to the distribution of my down payment. Further, I agree to hold Broker & M & M Title Company harmless for any such disbursements to any individuals or entities. I have reviewed the Contract to Purchase at Online Auction dated June 26January 31, 2018 2019 and this Irrevocable Letter of Instruction and:

Appears in 1 contract

Samples: www.ohiorealestateauctions.com

AutoNDA by SimpleDocs

PRICE AND DEPOSIT. Purchaser agrees to pay the amount of the High Bid of $ plus the 10% Buyer Premium of $ for a Total Contract Price of $ for the Subject Real Estate. A Non-Refundable Down Payment of $ (10% of Total Contract Price) is to be paid to & deposited by Escrow Agent upon acceptance and applied toward the Total Contract Price at closing. In the event this transaction does not close for any reason other than non-marketable title or as otherwise agreed by ALL parties, Purchaser agrees that the down payment shall be disbursed by Escrow Agent as provided for in paragraph 5 below, UNLESS Escrow Agent & Broker are previously notified in writing by Purchaser that litigation has been filed with a Court of Competent Jurisdiction (a copy of the filing must be attached). Pursuant to paragraph 2, upon written instruction from the Broker and the authority granted in this Irrevocable Letter of Instruction, I authorize and direct M & M Title Company to follow the instructions of the Broker as to the distribution of my down payment. Further, I agree to hold Broker & M & M Title Company harmless for any such disbursements to any individuals or entities. I have reviewed the Contract to Purchase at Online Auction dated June July 26, 2018 and this Irrevocable Letter of Instruction and:

Appears in 1 contract

Samples: www.ohiorealestateauctions.com

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!