PURCHASE AND SALE; DEPOSIT. Subject to the terms and conditions herein, Seller agrees to sell and Purchaser agrees to purchase the Property for the Purchase Price. Within five business days after the Effective Date, Purchaser shall deposit the Deposit in escrow with the Title Company. In the event of Closing, the Deposit shall be delivered to Seller and shall be applied as a credit against the Purchase Price. The Deposit shall be held in an interest bearing account with a federally insured financial institution reasonably acceptable to Purchaser and all interest earned thereon shall be deemed to be a portion of the Deposit. If this Agreement is terminated, the Deposit shall be refunded to Purchaser or delivered to Seller as provided for below.
PURCHASE AND SALE; DEPOSIT. PAYMENT OF PURCHASE PRICE; STUDY PERIOD; ASSIGNMENTS SUBJECT TO EXISTING NOTES AND LIENS.................9 2.1
PURCHASE AND SALE; DEPOSIT. Subject to the terms and conditions herein, Seller agrees to sell and Purchaser agrees to purchase the Property for the Purchase Price. Within five business days after the Effective Date, Purchaser shall deposit the initial $62,500.00 portion of the Deposit in escrow with the Title Company, provided that, Purchaser shall not be obligated to deliver the initial $62,500.00 portion of the Deposit to the Title Company until such time as it is in receipt of all of Seller’s Documents. In the event Purchaser timely notifies Seller of its satisfaction with the Physical/Financial Review Condition, simultaneously it shall deposit with the Title Company in escrow the additional $62,500.00 referred to in Section 1.6 above. For purposes of this Agreement, at any particular time, reference to “Deposit” shall refer to the amount then on deposit with the Title Company pursuant to this Section 2. In the event of Closing, the Deposit shall be delivered to Seller and shall be applied as a credit against the Purchase Price. The Deposit shall be held in an interest bearing account with a federally insured financial institution reasonably acceptable to Purchaser and all interest earned thereon shall be deemed to be a portion of the Deposit. If this Agreement is terminated, the Deposit shall be refunded to Purchaser or delivered to Seller as provided for below.
PURCHASE AND SALE; DEPOSIT. Subject to the terms and conditions herein, Seller agrees to sell and Buyer agrees to purchase the Property for the Purchase Price. Within five (5) business days after the Effective Date, Buyer shall deposit the Deposit in escrow with the Title Company. In the event of Closing, the Deposit shall be delivered to Seller and shall be applied as a credit against the Purchase Price. The Deposit shall be held in a separate, non-commingled interest bearing account with a federally insured financial institution reasonably acceptable to Buyer and all interest earned thereon shall be deemed to be a portion of the Deposit. If Buyer shall fail to timely deliver the Deposit to Title Company, then this Agreement shall, at the option of Seller by written notice to Buyer, terminate whereupon all rights and obligations of the parties under this Agreement shall expire, and this Agreement shall become null and void. If this Agreement is terminated after the Deposit is made, the Deposit shall be refunded to Buyer or delivered to Seller as provided for below. The provisions of this Section 2 and the remaining terms of this Agreement regarding the application or release of the Deposit shall survive the termination of this Agreement until such time as the Deposit shall have been fully released to Seller or Buyer without any dispute between Seller and Buyer with respect thereto, or, in the event of any such dispute, until a final, non-appealable judicial or arbitrator order.
PURCHASE AND SALE; DEPOSIT. Section 1.1 Agreement to Purchase and Sell the Loan Rights and Obligations. Subject to the satisfaction of the conditions set forth in Sections 4.1 and 4.2 below, on the Closing Date, Seller shall sell, transfer and assign to Buyer, and Buyer shall assume, the Loan Rights and Obligations, all as more particularly described herein. Not later than 2:00 p.m. New York City time on the Closing Date, Buyer shall deposit in Escrow by wire transfer of immediately available funds, the Purchase Price (less the amount of the Deposit) together with any additional amounts payable by Buyer pursuant to this Agreement. The Loan will be sold to Buyer on a servicing released basis. All of Seller’s rights and obligations with respect to the servicing of the Loan will be assigned to and assumed by Buyer as of the Closing, and Seller will be discharged from all obligations with respect to the servicing of the Loan, whether arising before or after the Closing Date. The last sentence of this Section 1.1 shall survive the Closing.
PURCHASE AND SALE; DEPOSIT. 2.1 Subject to the terms and conditions herein, Seller agrees to sell and Purchaser agrees to purchase the Property for the Purchase Price. Within one (1) business day after the expiration of the Inspection Period, provided that Purchaser has confirmed its intention to waive its rights to terminate this Agreement, Purchaser shall deposit the Deposit in escrow with the Escrow Agent. In the event of Closing, the Deposit shall be delivered to Seller and shall be applied as a credit against the Purchase Price. The Deposit shall be held in an interest bearing account with a federally insured financial institution reasonably acceptable to Purchaser and all interest earned thereon shall be deemed to be a portion of the Deposit. If this Agreement is terminated, the Deposit shall be refunded to Purchaser or delivered to Seller as provided for herein.
PURCHASE AND SALE; DEPOSIT. PAYMENT OF PURCHASE PRICE; STUDY PERIOD; ASSIGNMENTS SUBJECT TO EXISTING NOTES AND LIENS
PURCHASE AND SALE; DEPOSIT. 19 3.1 Closing............................................................................... 19 3.2
PURCHASE AND SALE; DEPOSIT. Subject to the terms and conditions herein, Seller agrees to sell and Buyer agrees to purchase the Property for the Purchase Price. Within two (2) business days after the Effective Date, Buyer shall deposit the Deposit in escrow with the Title Company. In the event of Closing, the Deposit shall be delivered to Seller and shall be applied as a credit against the Purchase Price. The Deposit may be held in an interest bearing account with a federally insured financial institution reasonably acceptable to Buyer and all interest earned thereon, if any, shall be deemed to be a portion of the Deposit. Should Buyer elect to invest the Deposit, Buyer will pay the cost of investing. If this Agreement is terminated, the Deposit shall be refunded to Buyer or delivered to Seller as provided below.
PURCHASE AND SALE; DEPOSIT
