Common use of Purchase Price and Deposit Clause in Contracts

Purchase Price and Deposit. The Deposit will be credited to the Purchase Price and the remainder of the Purchase Price and Buyer’s share of closing costs, pro-rations, and other fees and costs associated with the purchase of the Property will be paid in Current Funds through Escrow at Closing (such remainder of the Purchase Price, closing costs, pro-rations and other fees and costs, collectively, the “Remaining Balance”). In the event that this Agreement is properly terminated in accordance with its terms, then the Deposit shall be delivered to the appropriate party in accordance with the terms of this Agreement and neither Buyer nor Seller will be reimbursed for any expenses incurred in connection with such inspections, appraisals, or any other matters pertaining to the transaction contemplated by this Agreement (except as otherwise expressly provided in this Agreement or by applicable law).