Common use of Purchase Price and Deposit Clause in Contracts

Purchase Price and Deposit. PURCHASER agrees to pay as and for the total purchase price for the Property in the manner and at the times hereinafter specified, the sum of ($ ), plus costs and expenses of closing as provided by this Agreement (the "Purchase Price"), as follows: a. A deposit of ten percent (10%) of the price offered to purchase the Property ("Deposit") shall be submitted with all bids and said ten percent (10%) amount shall be retained as a deposit to be credited against the Purchase Price at closing. The Deposit shall be in the form of a cashier's check or other collected funds. The Deposit shall be held by COUNTY in a separate account designated for each bid package as a part of Airport Enterprise Funds. b. The balance of the Purchase Price shall be paid at closing by wire transfer or other collected funds. COUNTY's wire transfer instructions are available upon request.

Appears in 5 contracts

Samples: Sale Agreement, Sale and Purchase Agreement, Sale and Purchase Agreement

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Purchase Price and Deposit. PURCHASER agrees to pay as and for the total purchase price for the Property in the manner and at the times hereinafter specified, the sum of ($ DOLLARS($ . ), plus costs and expenses of closing as provided by this Agreement (the "Purchase Price"), as follows: a. A deposit of ten percent (10%) of the price offered to purchase the Property ("Deposit") shall be submitted with all bids and said ten percent (10%) amount shall be retained as a deposit to be credited against the Purchase Price at closing. The Deposit shall be in the form of a cashier's check or other collected funds. The Deposit shall be held by COUNTY in a separate account designated for each bid package as a part of Airport Enterprise Funds. b. The balance of the Purchase Price shall be paid at closing by wire transfer or other collected funds. COUNTY's wire transfer instructions are available upon request.

Appears in 5 contracts

Samples: Contract for Sale and Purchase, Sale and Purchase Agreement, Sale and Purchase Agreement

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Purchase Price and Deposit. PURCHASER agrees to pay as and for the total purchase price for the Property in the manner and at the times hereinafter specified, the sum of DOLLARS ($ ), plus costs and expenses of closing as provided by this Agreement (the "Purchase Price"), as follows: a. A deposit of ten percent (10%) of the price offered to purchase the Property ("Deposit") shall be submitted with all bids and said ten percent (10%) amount shall be retained as a deposit to be credited against the Purchase Price at closing. The Deposit shall be in the form of a cashier's check or other collected funds. The Deposit shall be held by COUNTY in a separate account designated for each bid package as a part of Airport Enterprise Funds. b. The balance of the Purchase Price shall be paid at closing by wire transfer or other collected funds. COUNTY's wire transfer instructions are available upon request.

Appears in 1 contract

Samples: Sale and Purchase Agreement

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