Purchase Price; Xxxxxxx Money. The purchase price for the shall be FIFTY-FOUR MILLION ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($54,100,000.00) (the “Purchase Price”) payable by Purchaser to Seller as follows:
(a) Within three (3) business days after the date of this Agreement, Purchaser shall deposit into a strict joint order escrow trust established with Xxxxxxx Title Guaranty Company, 00 Xxxxx Xxxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, Xxxxxxxx 00000, Attention: Xxxxx Xxxxxx (“Title Insurer”), as xxxxxxx money hereunder the sum of SEVEN HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($750,000.00) (the “Xxxxxxx Money”). The Xxxxxxx Money may, at Purchaser’s election, be invested in United States treasury obligations or such other interest-bearing accounts or securities as are approved by Purchaser in writing; all interest earned on the Xxxxxxx Money shall be administered, paid or credited (as the case may be) in the same manner as the Xxxxxxx Money and, when credited to the escrow account shall constitute additional Xxxxxxx Money. At the closing of the transactions contemplated by this Agreement (the “Closing”), Purchaser shall receive a credit against the Purchase Price for the Xxxxxxx Money.
(b) The Purchase Price, less a credit for the Xxxxxxx Money and any other credits expressly set forth in this Agreement, and plus or minus prorations and adjustments as set forth in Section 17 hereof, shall be paid by Purchaser to Seller by wire transfer of immediately available federal funds prior to 1:00 p.m. Chicago time on the Closing Date.
Purchase Price; Xxxxxxx Money. (a) The aggregate purchase price (the “Purchase Price”) of the Assets is Three Hundred Twenty-Four Million Three Hundred Twenty-Five Thousand Dollars ($324,325,000), and shall be allocated among the Properties as set forth on Schedule A-1 attached hereto. The Purchase Price shall be adjusted to reflect net prorations and other adjustments provided for in this Agreement.
(b) At each Closing, except the First Final Closing and Second Final Closing:
(i) the Buyer shall deposit an amount equal to the aggregate Allocated Purchase Prices of each Property being transferred at such Closing, less the amount of the Allocated Xxxxxxx Money of such Properties held by the Escrow Agent in cash and, with respect to the Xxxxxxxx Property only, less the unpaid principal amount of the Xxxxxxxx Loan outstanding on the date of Closing of the Xxxxxxxx Property, into escrow with the Escrow Agent in immediately available funds by wire transfer to such account or accounts that the Escrow Agent shall designate to the Buyer; and
(ii) the Escrow Agent shall (x) deliver both (i) such aggregate Allocated Purchase Prices, and (ii) the Allocated Xxxxxxx Money applicable to such Properties held by Escrow Agent in cash, to the Seller to such account or accounts the Seller shall designate to the Escrow Agent, and (y) return to Buyer any Xxxxxxx Money letters of credit held by Escrow Agent with respect to each Property being transferred at such Closing.
(c) At the First Final Closing:
(i) the Buyer shall deposit the Allocated Purchase Price of the Property being transferred at such First Final Closing into escrow with the Escrow Agent in immediately available funds by wire transfer to such account or accounts that the Escrow Agent shall designate to the Buyer; and
(ii) the Escrow Agent shall deliver such Allocated Purchase Price to the Seller to such account or accounts the Seller shall designate to the Escrow Agent.
(d) At the Second Final Closing:
(i) the Buyer shall deposit the aggregate Allocated Purchase Price(s) of the Property(ies) being transferred at such Second Final Closing, less the amount of any Second Final Closing Xxxxxxx Money held by the Escrow Agent in cash into escrow with the Escrow Agent in immediately available funds by wire transfer to such account or accounts that the Escrow Agent shall designate to the Buyer; and
(ii) the Escrow Agent shall (x) deliver both (i) such aggregate Allocated Purchase Prices, and (ii) the entire Second Final Closing Xxxxxxx Money held by E...
Purchase Price; Xxxxxxx Money. (a) Subject to adjustment as provided in paragraphs 4, 5(b)(ii), 7, 8(b), 8(c) and 11 hereof, the purchase price for the Property (the "Purchase Price") shall be Thirty-Seven Million Eight Hundred Fifty Thousand and No/100 Dollars ($37,850,000.00). The Purchase Price will be payable on the Closing Date (as hereinafter defined) by delivery by TCF to Seller or its assignee of an installment promissory note (the "Installment Note") for the Purchase Price secured by a letter of credit and issued in conformity with the requirements of and subject to the terms and provisions set forth on Exhibit D attached hereto (the "Installment Sale Terms"). The forms of all documents to be executed by Seller and/or TCF in connection with the Installment Sale, including, without limitation, the Installment Note shall be in form reasonably acceptable to the parties. Seller acknowledges and agrees that Seller shall be solely responsible for all of TCF's additional fees, costs, and expenses incurred in connection with the Installment Sale structure of this transaction including but not limited to costs incurred in connection with obtaining the letter of credit, documenting the transaction as an installment sale and preparing the installment promissory note. Seller further acknowledges that TCF is making no representation or warranty concerning the Seller's use of the Installment Sale structure, including but not limited to the tax consequences thereof. TCF agrees to reasonably cooperate with Seller in structuring and documenting the Installment Sale including, without limitation, providing all reasonable information requested by Seller's structuring agent; provided, however, TCF shall not be required to incur any additional cost or assume any additional liabilities or obligations not expressly contemplated under the Agreement.
(b) Within five (5) business days after the effective date of this Agreement, TCF will deliver to Escrow Agent the sum of $200,000 (said sum, together with all interest earned thereon, is referred to herein as the "Xxxxxxx Money"), which sum shall be held by Escrow Agent in an interest bearing account and shall be disbursed in accordance with the further provisions of this Agreement. At Closing, Escrow Agent shall return the Xxxxxxx Money to TCF.
Purchase Price; Xxxxxxx Money. For such Deed and conveyance Buyer agrees to pay the total purchase price of $__________________. Buyer has delivered or will deliver within 3 business days of the Agreement Effective Date to the University a deposit of xxxxxxx money in an amount of _____________. The remainder of the purchase price shall be paid by wire, cashier’s or trust account check upon delivery of the Quitclaim Deed. TERMINATION: This Agreement may be terminated at any time before the Closing as follows: Failure to fulfill any of Buyer’s obligations hereunder shall constitute a default and Seller may employ all legal and equitable remedies, including without limitation, termination of this Agreement and forfeiture by Buyer of the xxxxxxx money. Seller’s failure to fulfill any of Seller’s obligations hereunder shall constitute a default and Xxxxx many employ all legal and equitable remedies, including without limitation, termination of this Agreement and return to Buyer of the xxxxxxx money. Section 5, if, at the later of the closing date set forth below or the expiration of such reasonable time period, Seller is unable to remedy the title, Buyer may terminate this Agreement in which case the parities shall be relieved of any further obligations hereunder and any xxxxxxx money shall be returned to the Buyer.
Purchase Price; Xxxxxxx Money. The purchase price for the Property shall be One Thousand Dollars ($1,000.00) (the “Purchase Price”), payable by Buyer to Seller in cash at the closing described in Section 7 below. Buyer shall submit to Seller xxxxxxx money in the amount of One Hundred Dollars ($100.00) (the “Xxxxxxx Money”) on or before the Acceptance Date. Seller will hold such Xxxxxxx Money unless and until it is to be disposed in accordance with the terms of this Agreement and will bear no interest for any period of time. The Xxxxxxx Money shall be refundable until the expiration or waiver of Buyer’s Contingency (as defined in Section 4(c) below), at which time the Xxxxxxx Money shall be non-refundable, except as provided herein, but shall remain applicable to the Purchase Price at Closing (as defined below).
Purchase Price; Xxxxxxx Money. The purchase price for the Property is the total sum contained on the bid sheet attached hereto as Exhibit “A” being the sum of (insert total sum from the bid sheet here) , payable as follows:
a. The sum of TEN THOUSAND AND 00/00 ($10,000.00) DOLLARS will be deposited with Honnerlaw Real Estate Trust upon the acceptance of the buyers offer to purchase, and shall be applied to the purchase price at closing. The balance of the purchase price shall be paid by Purchaser to Seller on the day of closing by wire transfer to Seller's title company of good funds immediately available to Seller.
b. The xxxxxxx money shall be disbursed as follows:
1. If Seller fails to perform any of its obligations or rejects the bid, or any condition or contingency is not fulfilled through no fault of the Purchaser, the xxxxxxx money shall be returned in full to Purchaser;
2. If this Offer is accepted, the xxxxxxx money shall be credited against the Purchase Price at closing; or
3. If Xxxxxxxxx fails or refuses to perform any of his obligations under this Agreement, all xxxxxxx money shall be forfeited by Purchaser and disbursed to Seller, which payment Seller may treat as liquidated damages (the precise amount of damages being difficult or impossible to ascertain).
Purchase Price; Xxxxxxx Money. 2.1 The purchase price (“Purchase Price”) for the conveyance of the Property to be paid by Buyer to Seller shall be the fixed sum of Two Hundred Thousand and 00/100 Dollars (US $200,000.00). The Purchase Price for the Property will be paid to Seller in immediately available funds at Closing.
2.2 At the time of the completed execution of this Agreement by Buyer and Seller, Buyer shall deposit with Escrow Agent One Thousand and 00/100 Dollars (US $1,000.00) (the “Xxxxxxx Money”) to be held by Escrow Agent in escrow and applied in accordance with the terms set forth below. Mr. Xxxx Xxxxxx of Xxxxxxx X. Xxxxxx, P.C., 0000 Xxxxxxx Xxxxx Parkway, Suite 350, Stockbridge, Georgia 30253, shall serve as Escrow Agent for purposes of this Agreement. The Xxxxxxx Money shall be applied as a part payment of the Purchase Price of the Property in accordance with Section 2.1 above or otherwise disbursed in accordance with the terms hereof. In the event the purchase of the Property is not closed for any reason except for Buyer’s default, Seller shall retain One Hundred and 00/100 Dollars (US $100.00) of the Xxxxxxx Money as consideration for this Agreement and the remainder of the Xxxxxxx Money shall be returned to Buyer. Furthermore, should this Agreement be terminated by Buyer for any reason authorized herein, Seller shall retain One Hundred and 00/100 Dollars (US $100.00) of the Xxxxxxx Money as consideration for this Agreement and the remainder of the Xxxxxxx Money shall be returned to Buyer.
Purchase Price; Xxxxxxx Money. At and in the event of Closing (as defined in Section 4), Purchaser shall pay to Seller in cash, check or wired funds in United States currency the purchase price (the "Purchase Price") for the Property of 000 Xxxxxxx Xxxxxx, Two Thousand Nine Hundred Dollars ($2,900.00).
Purchase Price; Xxxxxxx Money. (a) Subject to adjustment as provided in paragraphs 4, 5(b)(ii), 7, 8(b), 8(c) and 11 hereof, the purchase price for the Property (the “Purchase Price”) shall be Eighteen Million Two Hundred and Fifty Thousand and No/100 Dollars ($18,250,000.00). TCF shall pay the Purchase Price at Closing by wire transfer of immediately available funds.
(b) Within five (5) business days after the Effective Date of this Agreement, TCF will deliver to the Escrow Agent the sum of $235,000 (said sum, together with all interest earned thereon, is referred to herein as the “Xxxxxxx Money”), which sum shall be held by Escrow Agent in an interest bearing account and shall be disbursed in accordance with the further provisions of this Agreement. At Closing, Escrow Agent shall return the Xxxxxxx Money to TCF.
Purchase Price; Xxxxxxx Money. (a) The aggregate purchase price for the sale and purchase of the Assets (the "Purchase Price") shall be $39,000,000.00 (the "Base Purchase Price"), plus the In-Store Cash and Inventory Price determined as set forth on Schedule 2.1 plus or minus the prorated expenses and other items referred to in Section 2.6 below, and minus the assumption of the Assumed Liabilities. For purposes of this Agreement, the Base Purchase Price shall be allocated among the Stores in accordance with the allocation set forth on Exhibit B attached hereto.
(b) Simultaneously with the execution and delivery of this Agreement, Buyer shall deliver to the trust account of the Title Company (as hereinafter defined), as xxxxxxx money, the amount equal to $1,170,000.00 (including any earnings thereon, the "Xxxxxxx Money"), to be held in escrow and released in accordance with this Agreement. At the Closing, Seller and Buyer shall direct the Title Company to deliver the Xxxxxxx Money to Seller as a credit against the Purchase Price payable by Buyer at the Closing. If this Agreement is terminated prior to the Closing, the Xxxxxxx Money shall be disbursed in accordance with Section 9.2(b) hereof.
