Purchase Price and Deposits. The purchase price (the “Purchase Price”), for the Purchased Property shall be the sum of Five Million Seven Hundred Fifty Thousand and No/100 Dollars ($5,750,000), which shall be paid to Seller by Xxxxx as follows:
(a) Within three (3) business days from the approval of this Agreement by the Oversight Board, Seller shall deposit Fifty Thousand Dollars ($50,000) as its Xxxxxxx Money Deposit with Escrow Agent (“Xxxxxxx Money Deposit”).
(b) Upon the expiration of the Due Diligence Period the Total Xxxxxxx Money Deposit shall become nonrefundable but applicable to the Purchase Price and retained by Escrow Holder until Closing, except upon the default of Buyer, the provisions of paragraph 3(e) of this Agreement shall apply and the Xxxxxxx Money Deposit shall be transferred to Seller as liquidated damages.
(c) On or before the date that is three (3) business days prior to the Close of Escrow, Buyer shall deposit the remainder of the Purchase Price into Escrow.
(d) The Parties agree that upon the Close of Escrow, the Xxxxxxx Money Deposit, together with any interest earned thereon while in Escrow, shall be applicable to the Purchase Price and shall be credited toward the Purchase Price at the Close of Escrow.
(e) If Xxxxx refuses to complete the transfer of title to the Site, to which Xxxxxx is prepared to deliver insurable title in accordance with the terms and conditions of this Agreement, this Agreement may be terminated at the option of Seller, and the parties agree that the Total Xxxxxxx Money Deposit and any interest earned thereon, shall be forfeited by Xxxxx and paid to or retained by the Seller as liquidated damages which sum the Parties agree is a reasonable sum considering all of the circumstances existing on the date of this Agreement, including the relationship of the sum to the range of harm to Seller that reasonably could be anticipated and the anticipation that proof of actual damages would be costly or inconvenient. In placing their initials at the place provided, each Party specifically confirms the accuracy of the statements made above and the fact that each Party was represented by counsel who explained the consequences of this liquidated damages provision at the time this Agreement was made.
Purchase Price and Deposits. The purchase price which the Purchaser agrees to pay and the Seller agrees to accept for the Property shall be the sum of Seventeen Million Two Hundred Thousand and No/100 Dollars ($17,200,000.00) (hereinafter referred to as the "Purchase Price"), subject to adjustment as provided in Article V hereof, payable as follows:
(a) An xxxxxxx money deposit (the "Xxxxxxx Deposit") of Two Hundred Thousand and No/100 Dollars ($200,000.00), in cash, to be deposited with New York Land Services, Inc. (sometimes referred to herein as "Escrow Holder" or the "Title Company") at the office set forth in the section entitled "Notices" below, within three (3) business days after execution hereof by both parties, such amount to be held in escrow and deposited in an interest-bearing account; and
(b) An additional xxxxxxx money deposit (the "Additional Deposit") of Two Hundred Thousand and No/100 Dollars ($200,000.00), in cash, to be deposited by Purchaser with the Escrow Holder within three (3) business days after expiration of the Feasibility Period (hereinafter defined), such amount to be held in escrow and deposited in an interest-bearing account (the Additional Deposit and the Xxxxxxx Deposit, together with interest thereon, will be collectively referred to hereinafter as the "Deposit"); and
Purchase Price and Deposits. Time is of the essence as it applies to Section 3. (check one) Yes No Xxxxx agrees to pay Seller a Purchase Price for the Property in the amount of: Dollars ($ ) (“Purchase Price”) which shall be paid as follows: $ Initial deposit shall be paid and delivered to the Escrow Agent, who is named in Section 4, within hours of the Date of this Agreement. $ Additional deposit(s) shall be paid and delivered to the Escrow Agent on or before All deposits shall be paid by personal check, certified check, money order, wire transfer and/or bank check. $ Balance due at closing. Final balance shall be paid by certified check, wire transfer and/or bank check. $ TOTAL PURCHASE PRICE.
Purchase Price and Deposits. The purchase price of the Strata Lot is $ ($ ) (the “Purchase Price”), inclusive of Goods and Services Tax (GST), but does not include any other applicable value added or sale tax for which the Purchaser will be solely responsible to pay in addition to the Purchase Price, which the Purchaser shall pay to the Seller by payment of:
Purchase Price and Deposits. The purchase price which the Buyer agrees to pay and the Seller agrees to accept for the Seller’s interest in the Property shall be the sum of [insert purchase price as set forth in Landlord’s Offer Notice in accordance with Section 57 of the Lease] ($___) (hereinafter referred to as the “Purchase Price”), subject to adjustment as provided in Article V hereof, payable as follows:
(a) An exxxxxx money deposit of [insert Initial Deposit as set forth in Landlord’s Offer Notice in accordance with Section 57 of the Lease] ($___), in cash (together with accrued interest, the “Deposit”) to be deposited with Land Title Guarantee Company (the “Escrow Agent”) within three (3) days of the execution hereof by both parties, such amount to be held in escrow and deposited in an interest-bearing account.
(b) The balance of the Purchase Price shall be paid at time of Closing by Federal wire transfer, with the transfer of funds to Seller to be completed not later than 2:00 p.m. Eastern Standard Time on the day of the Closing. The Deposit shall be paid to Seller at the Closing as a credit against the Purchase Price. Buyer shall provide the Escrow Agent with its tax identification number, and all interest shall be for Buyer’s account for tax purposes.
Purchase Price and Deposits. The purchase price (“Purchase Price”) of the Condominium shall be Dollars ($ .00). The Purchase Price shall be paid to Seller in immediately available funds at the Closing Date. Concurrently with the execution of this Agreement, Xxxxx shall deliver to Escrow Holder (as defined below) a deposit of Dollars ($ .00) ("Deposit"). The Deposit shall remain in Escrow until the Closing Date. The Deposit shall be non-refundable from execution of this Agreement. The Deposit shall be released to Seller at the Closing and applied against the Purchase Price at the Closing (defined below).
Purchase Price and Deposits. The Total Purchase Price will start from the Base Price plus Options as defined below: VIENNA MODEL, (Base) 2-car garage 3-level home (Hardi-Stone Combo Elevation) 5 bedrooms/4 Full, 2 Half Baths Finished basement 1,699,888 Opt. 6th Bedroom on Main Level with Full Bathroom Opt. Full Bathroom above garage for all En-Suite Bedrooms ($10k) Opt. Deck w/TREX flooring and Wolf Railings. 10’x20’ - $25k Opt. Media Room Finished pre-wired with TV Screen: $25k Opt. Skylights in Morning Room. $3K Opt. Wet Bar w/wine cooler … $10k Construction Contract: $
Purchase Price and Deposits. The Purchase Price for the Property is TWO MILLION THREE HUNDRED THOUSAND AND 00/100 DOLLARS ($2,300,000.00). The Purchase Price shall be paid as follows:
Purchase Price and Deposits. The purchase price which Purchaser agrees to pay and Seller agrees to accept for Seller's interest in the Property shall be the sum of Nine Hundred Thousand Dollars ($900,000.00) (the "Purchase Price"), payable as follows:
(a) An eaxxxxx xoney deposit (the "Deposit") of Twenty-Five Thousand Dollars ($25,000.00), in cash or immediately available funds, to be deposited with FIRST MOUNTAIN TITLE, LLC (the "Escrow Agent") by Purchaser upon Purchaser’s execution of this Agreement, and that is refundable to Purchaser, subject to the provisions of Section 5.1, until the end of the Contingency Period (as defined below), at which point the Deposit becomes non-refundable except upon Seller’s default as set forth in Section 3.2 or upon the occurrence of any event set forth in Section 6; and
(b) The balance of the Purchase Price shall be paid at time of Closing (as defined in Section 4) by federal wire transfer to Seller or its designee. The Deposit shall be paid to Seller at the Closing as a credit against the Purchase Price.
Purchase Price and Deposits. The purchase price of the Strata Lot is dollars ($ ) (the “Purchase Price”), exclusive of Goods and Services Tax (“GST”), and any other federal or provincial sales, service, value added, transition, foreign buyers or other tax (as more particularly described in Schedule A hereto) which the Purchaser shall pay to the Seller by payment of:
(a) a first deposit of $ (the “First Deposit” being 10% of the Purchase Price) by certified cheque, bank draft, or wire transfer within 7 days after the Acceptance Date (as defined below);
(b) a second deposit of $ (the “Second Deposit” being 5% of the Purchase Price) by certified cheque, bank draft, or wire transfer within 14 days of receipt of the Amendment to Disclosure Statement confirming receipt of the building permit and financing; and
(c) the balance of the Purchase Price (subject to any adjustments herein) on the Completion Date determined in accordance with Section 2.1 of Schedule A hereto. The First Deposit and the Second Deposit (collectively, the “Deposits”) shall be payable by certified cheque, bank draft or wire transfer (as more particularly described in Schedule A hereto) to the Seller’s Solicitor Xxxxxx XxXxx Wirk Law Corporation (In Trust).
