Purchase Price and Deposit. The total purchase price (the “Purchase Price”) for all of the Properties shall be $176,800,000.00, which shall be paid by Purchaser. The Base Purchase Price for each Property is set forth in the Seller Information Schedule, subject to Purchaser’s right to reallocate pursuant to Section 2.2.6. The Purchase Price shall be paid as follows: 2.2.1. Deposit . Not later than 2:00 p.m. Mountain Time on September 29, 2008 (the “Outside Date”), Purchaser shall deliver directly to Seller’s Representative a deposit (the “Deposit”) of Seventeen Million Seven Hundred Thousand Dollars ($17,700,000.00), by wire transfer of immediately available funds (“Good Funds”). The Deposit shall be retained by Sellers and shall be nonrefundable to Purchaser except as otherwise provided in this Agreement. The Deposit shall be allocated among the Sellers of the Properties as listed on the Seller Information Schedule.
Appears in 5 contracts
Samples: Purchase and Sale Agreement (Shelter Properties Vii LTD Partnership), Purchase and Sale Agreement (Shelter Properties Vi Limited Partnership), Purchase and Sale Agreement (Century Properties Growth Fund Xxii)
