Common use of Purchase Price and Manner of Payment Clause in Contracts

Purchase Price and Manner of Payment. The total purchase price (“Purchase Price”) to be paid for the Property shall be Dollars ($ ). The Purchase Price shall be payable as follows: 2.1 In conjunction with execution of this Agreement (the “Execution Date”), Buyer shall submit Dollars ($ ) to Seller as xxxxxxx money (“Xxxxxxx Money”). In the event this Agreement is not accepted by Seller, the Xxxxxxx Money shall be promptly returned to Buyer. Upon acceptance of this Offer by Seller, such Xxxxxxx Money shall secure the Buyer's performance of this Agreement and in the event of a default by Buyer in the performance of its obligations herein specified, Seller shall have the right to terminate this Agreement and the Xxxxxxx Money shall be paid to Seller as liquidated damages as Seller’s sole remedy at law or in equity; and 2.2 The balance of the Purchase Price, subject to adjustments as set forth herein, shall be payable in certified funds or by electronic transfer of funds on the “Closing Date” (as hereinafter defined).

Purchase Price and Manner of Payment. The total purchase price (“Purchase Price”) to be paid for the Real Property shall be Dollars ($ ). The Purchase Price shall be payable as follows: 2.1 In conjunction with Xxxxx’s execution of this Agreement (the “Execution Date”), Buyer shall submit Dollars ($ ) 10% of the Purchase Price to Seller as xxxxxxx money (“Xxxxxxx Money”). In the event this Agreement is not accepted by Seller, the Xxxxxxx Money shall be promptly returned to Buyer. Upon acceptance of this Offer by Seller, such Xxxxxxx Money shall secure the Buyer's performance of this Agreement and in the event of a default by Buyer in the performance of its obligations herein specified, Seller shall have the right to terminate this Agreement and the Xxxxxxx Money shall be paid to Seller as liquidated damages as Seller’s sole remedy at law or in equityaddition to any other remedies available under Indiana law; and 2.2 The balance of the Purchase Price, subject to adjustments as set forth herein, shall be payable in certified funds or by electronic transfer of funds on the “Closing Date” (as hereinafter defined).