Common use of PURCHASE DEPOSITS Clause in Contracts

PURCHASE DEPOSITS. a. On February 18, 2016, Buyer deposited with the CITY the sum of TWO HUNDRED THOUSAND DOLLARS ($200,000) as the “Initial Purchase Deposit.” The Initial Purchase Deposit shall become part of the Purchase Deposits described in paragraph 4.b below and shall be credited toward the purchase price at close of escrow. If Buyer fails to increase the Initial Purchase Deposit as required in section 4.b, below and the failure is not associated with Buyer’s notice that it does not wish to complete the purchase as described in Section 4.b, then City shall be entitled to retain $10,000 to cover the costs associated with processing this agreement and the pursuing completion of this transaction (“City Costs”).

PURCHASE DEPOSITS. a. On February 18October 29, 20162015, Buyer deposited with the CITY the sum of TWO HUNDRED TWENTY THOUSAND DOLLARS ($200,00020,000) as the “Initial Purchase Deposit.” The Initial Purchase Deposit shall become part of the Purchase Deposits described in paragraph 4.b below and shall be credited toward the purchase price at close of escrow. If Buyer fails to increase the Initial Purchase Deposit as required in section 4.b, below and the failure is not associated with Buyer’s notice that it does not wish to complete the purchase as described in Section 4.b, then City shall be entitled to retain $10,000 5,000 to cover the costs associated with processing this agreement and the pursuing completion of this transaction (“City Costs”).

PURCHASE DEPOSITS. a. On February 1825, 2016, Buyer deposited with the CITY the sum of TWO HUNDRED TWENTY THOUSAND DOLLARS ($200,00020,000) as the “Initial Purchase Deposit.” The Initial Purchase Deposit shall become part of the Purchase Deposits described in paragraph 4.b below and shall be credited toward the purchase price at close of escrow. If Buyer fails to increase the Initial Purchase Deposit as required in section 4.b, below and the failure is not associated with Buyer’s notice that it does not wish to complete the purchase as described in Section 4.b, then City shall be entitled to retain $10,000 5,000 to cover the costs associated with processing this agreement and the pursuing completion of this transaction (“City Costs”).

PURCHASE DEPOSITS. a. On February 18September 1, 2016, Buyer deposited with the CITY the sum of TWO HUNDRED TWENTY THOUSAND DOLLARS ($200,00020,000) as the “Initial Purchase Deposit.” The Initial Purchase Deposit shall become part of the Purchase Deposits described in paragraph 4.b below and shall be credited toward the purchase price at close of escrow. If Buyer fails to increase the Initial Purchase Deposit as required in section 4.b, below and the failure is not associated with Buyer’s notice that it does not wish to complete the purchase as described in Section 4.b, then City shall be entitled to retain $10,000 5,000 to cover the costs associated with processing this agreement and the pursuing completion of this transaction (“City Costs”).

PURCHASE DEPOSITS. a. On February 18March 12, 20162015, Buyer deposited with the CITY the sum of TWO HUNDRED TWENTY THOUSAND DOLLARS ($200,00020,000) as the “Initial Purchase Deposit.” The Initial Purchase Deposit shall become part of the Purchase Deposits described in paragraph 4.b below and shall be credited toward the purchase price at close of escrow. If Buyer fails to increase the Initial Purchase Deposit as required in section 4.b, below and the failure is not associated with Buyer’s notice that it does not wish to complete the purchase as described in Section 4.b, then City shall be entitled to retain $10,000 5,000 to cover the costs associated with processing this agreement and the pursuing completion of this transaction (“City Costs”).

PURCHASE DEPOSITS. a. On February 18June 11, 20162015, Buyer deposited with the CITY the sum of TWO ONE HUNDRED FIFTY THOUSAND DOLLARS ($200,000155,000) as the “Initial Purchase Deposit.” The Initial Purchase Deposit shall become part of the Purchase Deposits described in paragraph 4.b below and shall be credited toward the purchase price at close of escrow. If Buyer fails to increase the Initial Purchase Deposit as required in section 4.b, below and the failure is not associated with Buyer’s notice that it does not wish to complete the purchase as described in Section 4.b, then City shall be entitled to retain $10,000 to cover the costs associated with processing this agreement and the pursuing completion of this transaction (“City Costs”).

PURCHASE DEPOSITS. a. On February 18May 7, 20162015, Buyer deposited with the CITY the sum of TWO HUNDRED TWENTY THOUSAND DOLLARS ($200,00020,000) as the “Initial Purchase Deposit.” The Initial Purchase Deposit shall become part of the Purchase Deposits described in paragraph 4.b below and shall be credited toward the purchase price at close of escrow. If Buyer fails to increase the Initial Purchase Deposit as required in section 4.b, below and the failure is not associated with Buyer’s notice that it does not wish to complete the purchase as described in Section 4.b, then City shall be entitled to retain $10,000 5,000 to cover the costs associated with processing this agreement and the pursuing completion of this transaction (“City Costs”).

PURCHASE DEPOSITS. a. On February 1811, 2016, Buyer deposited with the CITY the sum of TWO HUNDRED TWENTY THOUSAND DOLLARS ($200,00020,000) as the “Initial Purchase Deposit.” The Initial Purchase Deposit shall become part of the Purchase Deposits described in paragraph 4.b below and shall be credited toward the purchase price at close of escrow. If Buyer fails to increase the Initial Purchase Deposit as required in section 4.b, below and the failure is not associated with Buyer’s notice that it does not wish to complete the purchase as described in Section 4.b, then City shall be entitled to retain $10,000 5,000 to cover the costs associated with processing this agreement and the pursuing completion of this transaction (“City Costs”).