Common use of The Xxxxxxx Money Deposit Clause in Contracts

The Xxxxxxx Money Deposit. (a) Upon Purchaser's execution and delivery of this Agreement, Purchaser shall deposit with the Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the sum of THIRTY THREE THOUSAND THREE HUNDRED THIRTY FOUR and No/100 Dollars ($33,334.00) as an initial xxxxxxx money deposit on account of the Purchase Price (the "Initial Xxxxxxx Money Deposit"). TIME IS OF THE ESSENCE with respect to the deposit of the Initial Xxxxxxx Money Deposit. (b) Within one (1) Business Day after the expiration of the Evaluation Period (provided Purchaser shall not have elected to terminate this Agreement in accordance with the provisions of Section 5.3(c)), Purchaser shall deposit with the Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the sum of SIXTY SIX THOUSAND SIX HUNDRED SIXTY EIGHT and No/100 Dollars ($66,668.00) as additional xxxxxxx money deposit on account of the Purchase Price (the "Additional Xxxxxxx Money Deposit"; together with the Initial Xxxxxxx Money Deposit, and all interest earned thereon, the "Xxxxxxx Money Deposit"). TIME IS OF THE ESSENCE with respect to the deposit of the Additional Xxxxxxx Money Deposit.

The Xxxxxxx Money Deposit. (a) Upon Purchaser's execution and delivery of this AgreementWithin five (5) Business Days after the Effective Date, Purchaser shall deposit with the Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the sum of THIRTY THREE THOUSAND THREE HUNDRED THIRTY FOUR Two Hundred Fifty Thousand and No/100 Dollars ($33,334.00250,000.00) as an initial the xxxxxxx money deposit on account of the Purchase Price (such amount, together with all interest earned thereon, being hereinafter referred to as the "“Initial Xxxxxxx Money Deposit"”). TIME IS OF THE ESSENCE with respect to the deposit of the Initial Xxxxxxx Money Deposit. (b) Within one two (12) Business Day Days after the expiration of the Evaluation Period, and provided that prior to the expiration of the Evaluation Period (provided Purchaser shall not have elected has notified Seller of Purchaser’s election to terminate this Agreement in accordance with the provisions of Section 5.3(c))proceed to Closing, Purchaser shall deposit with the Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the an additional sum of SIXTY SIX THOUSAND SIX HUNDRED SIXTY EIGHT Two Hundred Fifty Thousand and No/100 Dollars ($66,668.00250,000.00) as an additional xxxxxxx money deposit on account of the Purchase Price (the "“Additional Xxxxxxx Money Deposit"; ,” together with the Initial Xxxxxxx Money Deposit, Deposit and all interest earned thereon, being hereinafter referred to as the "“Xxxxxxx Money Deposit"”). TIME IS OF THE ESSENCE with respect to the deposit of the Additional Xxxxxxx Money Deposit.