Purchase Price and XXXXXXX Money Deposit Sample Clauses

Purchase Price and XXXXXXX Money Deposit a. The purchase price for the Property shall be as set forth on Exhibit A (the “Purchase Price”). b. Buyer shall not be required to deposit with Seller an Xxxxxxx Money Deposit.
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Purchase Price and XXXXXXX Money Deposit. (a) The total purchase price ("Purchase Price") of the Properties shall be Thirty-Six Million Three Hundred Seventy-Five Thousand Six Hundred Sixty-Nine Dollars ($36,375,669.00). The Purchase Price shall be allocated among each Property as set forth on Exhibit D attached hereto. (b) As of the date hereof, Purchaser has deposited with Commonwealth Land Title Insurance Company, 0000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxxxxxx, XX 00000 (the "Escrow Agent"), the sum of Two Hundred Fifty Thousand Dollars ($250,000.00) (the "Xxxxxxx Money") as security for the performance of Purchaser's obligations hereunder, which shall be held in escrow and disbursed as herein provided. Any interest earned on the Xxxxxxx Money shall be a part of the Xxxxxxx Money. If the sale of the Properties is consummated pursuant to the terms of this Agreement, the Xxxxxxx Money shall be paid to Seller and applied to the payment of the Purchase Price. If this Agreement is terminated in accordance with the provisions of Section 9 or Section 21 of this Agreement, the Xxxxxxx Money shall be immediately returned to Purchaser, and neither party hereto shall have any further obligations under this Agreement, except those provisions which specifically survive termination. In the event Purchaser defaults under the terms of this Agreement, all Xxxxxxx Money shall be immediately delivered by the Escrow Agent to Seller, and neither party shall have any further obligations under this Agreement, except those provisions which specifically survive termination.
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Purchase Price and XXXXXXX Money Deposit. A. While the acreage is subject to change pursuant to paragraph 1 above, Purchaser and Seller agree that the “Purchase Price” shall be calculated using a price per square foot of $7.30. As of execution of this Agreement, the parties agree the Purchase Price is $3,307,711.18 based upon the current survey of the parcel at 10.402 acres. The final square footage of the Property and thereby the final Purchase Price shall be determined by an amendment to this Agreement prior to the Closing Date (“Appraised Price”). B. Pursuant to the terms of the IGA, if the voters approve Seller’s November 2024 ballot measure, then at closing Seller will convey the Property to Purchaser at no cost as part of the Seller’s share of funding of the aquatics facility. If the voters do not approve Seller’s November 2024 ballot measure, at closing Purchaser will deposit the Appraised Price of the Property into an interest-bearing escrow account pursuant to an escrow agreement substantially similar to the form attached as Exhibit C. If the voters do not approve Seller’s November 2024 ballot but Seller secures a new source of funding for the aquatics facility after execution of this Agreement and conveyance of the Property to Purchaser but before January 31, 2025, the escrowed funds and any accrued interest shall be released to Purchaser as part of Seller’s share of funding the aquatics facility. If the voters do not approve Seller’s November 2024 ballot measure and Seller does not secure a new source of funding by January 31, 2025, the escrowed funds and any accrued interest shall be released to Seller, unless Purchaser and Seller mutually agree to extend the funding deadline. C. Except as otherwise provided in this paragraph 2, no Xxxxxxx Money Deposit is required in connection with this transaction, the mutuality of the promises of the parties hereto being deemed adequate consideration. Purchaser will pay closing costs and customary prorations at the time of closing.
Sample 1
Purchase Price and XXXXXXX Money Deposit. The purchase price for the Property shall be AND NO/100 DOLLARS ($ , .00) (hereinafter referred to as the “Purchase Price”), payable in immediately available funds prior to Close of Escrow (hereinafter defined). On or before Close of Escrow, BUYER shall deposit with Escrow Holder (hereinafter defined), the Purchase Price plus Escrow Holder’s estimate of BUYER’s share of closing costs as described herein below. The Xxxxxxx Money Deposit in the amount of FIFTEEN THOUSAND AND NO/100 DOLLARS ($15,000) that has already been deposited with Escrow Holder, accompanied by the executed Agreement to Escrow Instructions for Xxxxxxx Money Deposit between the parties, and shall apply toward the Purchase Price.
Sample 1
Purchase Price and XXXXXXX Money Deposit. The purchase price for the Property shall be the sum of Two Million Dollars and No/100 ($2,000,000.00) (the “Purchase Price”). Within five (5) business days after the Effective Date, Purchaser shall make an xxxxxxx money deposit in the amount of Twenty-Five Thousand Dollars ($25,000.00) (“Xxxxxxx Money Deposit”) into escrow with Title Company (as defined in Section 3.1(d) below). Title Company will invest the Xxxxxxx Money Deposit in an interest bearing account acceptable to Purchaser, with all interest accruing on the Xxxxxxx Money Deposit to be paid to Purchaser or applied to the Purchase Price at Closing.
Sample 1
Purchase Price and XXXXXXX Money Deposit a. The purchase price for the Property shall be $4,550,000 (the “Purchase Price”). The Purchase Price shall be paid as follows: (i) The issuance to Seller of 225,000 shares of the Common Stock of Century Communities, Inc., a Delaware Corporation; and (ii) The sum of $50,000.00 in immediately available funds. b. Buyer shall not be required to deposit with Seller an Xxxxxxx Money Deposit.
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Purchase Price and XXXXXXX Money Deposit 
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Related to Purchase Price and XXXXXXX Money Deposit

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.” (b) The Xxxxxxx Money Deposit shall be held by Escrow Agent subject to the terms and conditions of an Escrow Agreement dated as of the date of this Contract entered into by Seller, Buyer and Escrow Agent (the “Escrow Agreement”). The Xxxxxxx Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes; provided, however, to the extent that Buyer instructs the Escrow Agent to apply the Xxxxxxx Money Deposit toward the Purchase Price in accordance with Section 2.4, interest shall be deemed to have accrued to the benefit of Buyer and be reportable by Buyer for income tax purposes.

  • Purchase Price (a) Subject to adjustment in accordance with this Section 1.4 and Sections 1.5 and 1.6 below, the aggregate purchase price (the "Purchase Price") payable to Sellers in consideration for the Assets (other than gold, which shall be purchased pursuant to subsection 1.4(b) below) and the Business (in addition to the assumption of the Assumed Liabilities) shall be an aggregate amount in cash equal to the sum of (x) $23,137,586 [such amount being derived as follows: $44,000,000 less the net amount contained in the statement of working capital as at January 28, 1996 as set forth on Schedule 1.4(a) (the "Base Working Capital Statement")] plus (y) the Adjusted Working Capital (as defined below) plus (z) the aggregate amount on account of those certain operating liabilities set forth on Schedule 1.4(b) hereof. Buyer will pay the Purchase Price at Closing as follows: (i) by wire transfer in immediately available funds to an account designated by Sellers (in accordance with the allocation determined pursuant to Section 1.8(b) hereof), an amount equal to the sum of (x) $9,137,586 plus (y) Sellers' good faith estimate of the Adjusted Working Capital (the "Estimated Working Capital"), which estimate shall be set forth in writing and shall be delivered to Buyer not less than three (3) business days prior to the Closing Date plus (z) the aggregate amount on account of those certain liabilities set forth on Schedule 1.4(b) hereof; and (ii) to an escrow agent (the "Escrow Agent") by wire transfer in immediately available funds to an account designated by the Escrow Agent, an amount equal to $14,000,000 to be held by the Escrow Agent pending receipt of the FTC Final Order, pursuant to the terms of an escrow agreement incorporating the terms set forth on Exhibit D hereof (the "Escrow Agreement") to be entered into on the Closing Date among Sellers, Buyer and the Escrow Agent. Sellers shall have no liability to Buyer if the FTC Final Order differs from the FTC Preliminary Order except to the extent of a reduction in the Purchase Price payable pursuant to this Subsection 1.4(a) (and the right to receive an amount equal to such reduction from the Escrow Fund held by the Escrow Agent), except to the extent that Sellers would otherwise be liable to Buyer in connection therewith or on account thereof pursuant to any other provision of this Agreement without regard to the limitation in the first clause of this sentence.

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

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