Purchase Price and Xxxxxxx Money. A. The purchase price to be paid by Purchaser to Seller for the Property (hereinafter referred to as the "Purchase Price") shall be Three Million Four Hundred Forty-Three Thousand One Hundred Twenty-Five and No/100 DOLLARS ($3,443,125.00), subject to adjustments and prorations as set forth herein. Seller's Initials: __________ Purchaser's Initials: __________ {O1117744;9}
B. On or before FIVE (5) business days after the Effective Date, Purchaser shall deposit in trust with Akerman Senterfitt (the "Escrow Agent"), an xxxxxxx money deposit in the amount of Twenty-Five Thousand and No/100 Dollars ($25,000.00) (the "Initial Deposit"). If Purchaser does not elect to terminate this Agreement during the Due Diligence Period (as that term is defined below), Purchaser shall, within FIVE (5) business days after the expiration of the Due Diligence Period, deposit with the Escrow Agent an additional xxxxxxx money deposit in the amount of Twenty-Five Thousand and No/100 Dollars ($25,000.00) (the "Additional Deposit"). The Initial Deposit, the Additional Deposit, and any other amounts or sums deposited with the Escrow Agent pursuant to the terms hereof, along with any interest accruing on any of the foregoing, are collectively referred to herein as the "Xxxxxxx Money". Except as otherwise provided herein, the Xxxxxxx Money shall be paid over to Seller and credited against the Purchase Price (as hereinafter defined) at the consummation of the sale by Seller and the purchase by Purchaser of the Property in accordance with the terms and provisions of this Agreement (herein referred to as the "Closing").
Purchase Price and Xxxxxxx Money. (a) The Purchase Price for the Property is and No/100ths Dollars ($ .00) ("Purchase Price"). Buyer shall pay same to Seller at Closing in the form of a check subject to the usual and customary credits and prorations. The Seller may request that Buyer divide the amount due at Closing into separate checks for Closing expenses, outstanding charges and net sale proceeds to MPS.
Purchase Price and Xxxxxxx Money. 9 Section 1.1 Agreement to Sell and Purchase ................................................ 9
Purchase Price and Xxxxxxx Money. The purchase price for the Property shall be FIFTY‑TWO MILLION, FIVE HUNDRED FIFTY THOUSAND, AND NO/100 DOLLARS ($52,550,000.00) (the "Purchase Price"), payable as follows:
Purchase Price and Xxxxxxx Money. The total purchase price to be paid by Buyer to Seller for the Property is Eighty-One Thousand Five Hundred and No/100 Dollars ($81,500.00) per acre, prorated for partial acres totaling Two Hundred Thirty Four Thousand Seven Hundred Twenty and No/100 Dollars ($234,720.00), plus or minus any prorations and other adjustments required hereunder (the “Purchase Price”). The Purchase Price for the specific acres conveyed will be delivered by Buyer on Closing Date (as hereafter defined) by wire transfer or other certified funds. The relocation benefits paid pursuant to Section 12 hereof are in addition to the Purchase Price. Xxxxxxx money of Twenty Thousand and No/100 Dollars ($20,000.00) which shall be applied to the Purchase Price is not refundable except as otherwise provided in this Agreement.
Purchase Price and Xxxxxxx Money. The total purchase shall be $ Buyer has tendered Xxxxxxx Money in the form of in the amount of $ Additional Xxxxxxx Money shall be tendered on or before in the amount of $
Purchase Price and Xxxxxxx Money. 2.01 Purchaser agrees to pay or cause to be paid to Seller, as the purchase price (the "Purchase Price") for the Property, the sum of Twenty-Eight Million and No/100 Dollars ($28,000,000.00) which shall be paid and satisfied at the Closing as follows:
(i) the assumption of the Loan; and
(ii) the balance of the Purchase Price, plus or minus net prorations, adjustments and credits as herein provided, in cash by wire transfer or other immediately available funds.
2.02 Purchaser shall, within five (5) Business Days following the Agreement Date, deliver to the Title Insurer the sum of One Hundred Thousand and No/100 Dollars ($100,000.00) as xxxxxxx money to be held by the Title Insurer in escrow pursuant to the terms of an Escrow Agreement substantially in the form attached herein as Exhibit E and made part hereof, which shall be increased by an additional Five Hundred Thousand and No/100 Dollars ($500,000.00) at the expiration of the Feasibility Period (the sum on deposit at any time with the Title Insurer pursuant to this Section 2.02, together with the earnings thereon is herein referred to as the "Xxxxxxx Money").
2.03 The Xxxxxxx Money shall be invested and, together with any earnings thereon, shall be, if necessary, reinvested, by the Title Insurer in a money market account, or such other investments designated by Purchaser. Unless otherwise expressly herein provided, the Xxxxxxx Money shall, at the Closing, be paid to Purchaser.
Purchase Price and Xxxxxxx Money. The purchase price (“Purchase Price”) shall be Nine Million Four Hundred Thousand Dollars ($9,400,000). Simultaneously with the execution of this Agreement, Purchaser shall pay to the Escrow Agent (as defined below) the sum of Fifty Thousand Dollars ($50,000) as the xxxxxxx money deposit (the “Initial Deposit”). If Purchaser does not terminate this Agreement in accordance with the provisions of Section 6(c) or Section 10, it will, on the last day of the Feasibility Period, pay to the Escrow Agent an additional Fifty Thousand Dollars ($50,000) (the “Additional Deposit”). The Initial Deposit, together with the Additional Deposit, is hereinafter referred to as the “Xxxxxxx Money”. The Xxxxxxx Money shall be held in escrow pending closing. The Xxxxxxx Money shall be held in a federally insured interest bearing account and all interest thereon shall be deemed a part of the Xxxxxxx Money. The Xxxxxxx Money shall be applied to the Purchase Price or otherwise paid to Seller or Purchaser as provided for herein. Subject to the provisions of Section 4(b), Purchaser shall pay the balance of the Purchase Price at closing in full in immediately available federal funds to Seller, subject to adjustments and prorations set forth herein.
Purchase Price and Xxxxxxx Money. The purchase price for the Premises shall be $1,195,000. Buyer is receiving a credit on the Purchase Price equal to one half of the rent actually paid under the initial one year term of its Lease ($117,000.00, assuming that the Closing occurs following the expiration of the one year term). Buyer will pay the Purchase Price at closing. Upon execution of this Agreement, Buyer will deposit with First American Title Insurance Company, 700 Skylight Office Tower, 0000 X. 0xx Xxxxxx, Xxxxxxxxx, Xxxx 00000 (“Escrow Agent”) the sum of Fifty Thousand Dollars ($50,000) as Xxxxxxx Money which shall be applicable to the Purchase Price at Closing.
Purchase Price and Xxxxxxx Money. The total purchase price to be paid by Buyer to Seller for the Property is Eighty One Thousand Five Hundred and No/100 Dollars ($81,500.00) per acre, prorated for partial acres, plus or minus any prorations and other adjustments required hereunder (the “Purchase Price”). The Purchase Price for the specific acres conveyed will be delivered by Buyer on Closing Date (as hereafter defined) by wire transfer or other certified funds. The relocation benefits paid pursuant to Section 13 hereof are in addition to the Purchase Price. As and for the xxxxxxx money, the Buyer shall pay to Seller the sum of Twenty Thousand and No/100 Dollars ($20,000.00) (the “Xxxxxxx Money”) which shall be applied to the Purchase Price at the Closing for Parcel 10 and is not refundable, except as otherwise provided in this Agreement.
