Purchaser’s Deposit; Escrow Sample Clauses

Purchaser’s Deposit; Escrow. Within five (5) days after the Effective Date, Purchaser shall deliver to the Seattle, Washington office of Xxxxxxx Title Guaranty Company (“Escrow Agent” or “Title Company”), a cash deposit in the amount of Five Hundred Twenty- Five Thousand and 00/100 Dollars ($525,000.00) (which, together with any interest earned thereon, is the “Xxxxxxx Money”). Escrow Agent shall invest the Xxxxxxx Money in an interest bearing account as instructed by Purchaser. Escrow Agent shall hold and disburse the Xxxxxxx Money in accordance with the terms of this Agreement. After expiration of the Inspection Period (defined below), the Xxxxxxx Money shall become non-refundable to Purchaser, except as otherwise expressly provided herein. The Xxxxxxx Money shall be applicable to the Purchase Price at Closing, except as specifically provided elsewhere in this Agreement. If Purchaser elects to terminate this Agreement as the result of a breach or default by Seller or any other event that expressly entitles Purchaser to terminate this Agreement and receive a refund of the Xxxxxxx Money hereunder, then all of the Xxxxxxx Money, and all accrued interest thereon, shall be immediately refunded to the Purchaser.
Sample 1
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Purchaser’s Deposit; Escrow. Within two (2) business days after the Effective Date, Purchaser shall deliver to the Everett, Washington office of Chicago Title Insurance Company located at 0000 Xxxxx Xxx., Xxxxxxx, Xxxxxxxxxx 00000 (“Escrow Agent” or “Title Company”), a cash deposit in the amount of Forty Thousand and No/100 Dollars ($40,000.00) (which, together with any interest earned thereon, is the “Xxxxxxx Money”). Escrow Agent shall invest the Xxxxxxx Money in an interest-bearing account as instructed by Purchaser. The Xxxxxxx Money shall be applicable to the Purchase Price at Closing, except as specifically provided elsewhere in this Agreement. If the Closing does not occur as the result of a breach or default by Seller, all of the Xxxxxxx Money, and all accrued interest thereon, shall be immediately refunded to the Purchaser, and the parties shall promptly execute and deliver cancellation instructions to the Escrow Agent.
Sample 1

Related to Purchaser’s Deposit; Escrow

  • Deposit of Escrow Securities in Escrow (1) You are depositing the securities (escrow securities) listed opposite your name in Schedule “A” with the Escrow Agent to be held in escrow under this Agreement. You will immediately deliver or cause to be delivered to the Escrow Agent any share certificates or other evidence of these securities which you have or which you may later receive.

  • Deposit of Escrow Funds By its execution hereof, Recipient acknowledges that the deposit of the Escrow Funds into escrow with Escrow Agent does not confer any rights or claims to the Escrow Funds by Recipient unless all of the conditions in Section 2 above and the conditions as set forth in the Grant Agreement, have been satisfied.

  • Escrow Agent Prior to entering into an escrow agreement, the Registry Operator must provide notice to ICANN as to the identity of the Escrow Agent, and provide ICANN with contact information and a copy of the relevant escrow agreement, and all amendments thereto. In addition, prior to entering into an escrow agreement, Registry Operator must obtain the consent of ICANN to (a) use the specified Escrow Agent, and (b) enter into the form of escrow agreement provided. ICANN must be expressly designated as a third-­‐party beneficiary of the escrow agreement. ICANN reserves the right to withhold its consent to any Escrow Agent, escrow agreement, or any amendment thereto, all in its sole discretion.

  • Escrow Closing Buyer and Seller acknowledge and understand that the closing of the sale may be handled by an escrow agent and that the listing broker is authorized to transfer the xxxxxxx money or any other funds received to the escrow agent. After the transfer, Broker shall have no further responsibility or liability to Buyer or Seller to account for the funds. Escrow agent’s charges shall be equally divided between Buyer and Seller.

  • Escrow Account 31.1.1 The Concessionaire shall, prior to the Appointed Date, open and establish an Escrow Account with a Bank (the “Escrow Bank”) in accordance with this Agreement read with the Escrow Agreement.

  • Seller’s Deliveries At the Closing, Seller shall deliver to Buyer:

  • Delivery of Escrow Funds Upon confirmation by Escrow Agent that the following conditions have been satisfied, Escrow Agent shall disburse the Escrow Funds to Recipient in connection with the closing of the purchase of the Property or other interest therein:

  • Purchase Price; Deposit (a) The purchase price for the Property is AND 00/100 DOLLARS ($ ) (the “Purchase Price”), payable as follows:

  • BIDDING DEPOSIT Subject to Clause 5.1 below, all intending bidders shall deposit with the Auctioneer, prior to the auction sale, a bank draft or cashier’s order drawn in favour of AmBank (M) Berhad for the a/c of IKHMAS JAYA SDN BHD, a Bidding Deposit equivalent to ten per cent (10%) of the Reserve Price or a minimum of RM2,000.00 whichever is higher. Online Bidders are subject to the provisions of Clause(s) 2.4, 2.5 and 2.6 of the Terms and Conditions on xxxx.xxxxxxxx.xxx.xx for the manner of payment of the deposit.

  • Escrow of Funds Subject to the terms and conditions of the Grant Agreement, OPWC will disburse to Escrow Agent Grant funds available to Recipient, which disbursement shall be made by a check sent to Escrow Agent via regular U.S. Mail, or by such other means determined by the Director in the Director’s sole discretion, prior to the closing date as scheduled under the Contract (the “Escrow Funds”). The Escrow Funds shall be held by Escrow Agent, together with any funds of Recipient made available prior to closing on the terms and conditions hereinafter set forth.

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