Common use of therein Clause in Contracts

therein. Buyer shall notify Seller of the opening, the deposit, the number of the escrow, and the employee or employees of the Title Company in charge of the escrow. Each party shall execute such documentation governing the Earnxxx Xxxey Escrow that reflects the relevant provisions of this Agreement and as may otherwise be required by the escrow agent, including reasonable standard form escrow conditions. The Earnxxx Xxxey Deposit shall be deposited in an interest bearing account as instructed by Buyer and any interest earned shall be added to the Earnxxx Xxxey Deposit. In the event that the parties proceed to the Closing, then the Earnxxx Xxxey Deposit, together with all interest earned thereon, shall be applied towards the Cash Payment. Except as otherwise expressly set forth in Section 11 of this Agreement, upon the termination of this Agreement, the Earnxxx Xxxey Deposit, together with all interest earned thereon, shall be returned

Appears in 3 contracts

Samples: Purchase Agreement (Associated Estates Realty Corp), Purchase Agreement (Associated Estates Realty Corp), Purchase Agreement (Associated Estates Realty Corp)

therein. Buyer shall notify Seller of the opening, the deposit, the number of the escrow, and the employee or employees of the Title Company in charge of the escrow. Each party shall execute such documentation governing the Earnxxx Xxxey Escrow that reflects the relevant provisions of this Agreement and as may otherwise be required by the escrow agent, including reasonable standard form escrow conditions. The Earnxxx Xxxey Deposit shall be deposited in an interest bearing account as instructed by Buyer and any interest earned shall be added to the Earnxxx Xxxey Deposit. In the event that the parties proceed to the Closing, then the Earnxxx Xxxey Deposit, together with all interest earned thereon, shall be applied towards the Cash Payment. Except as otherwise expressly set forth in Section 11 of this Agreement, upon the termination of this Agreement, the Earnxxx Xxxey Deposit, together with all interest earned thereon, shall be returnedbe

Appears in 1 contract

Samples: Purchase Agreement (Associated Estates Realty Corp)

therein. Buyer shall notify Seller of the opening, the deposit, the number of the escrow, and the employee or employees of the Title Company in charge of the escrow. Each party shall execute such documentation governing the Earnxxx Xxxey Escrow that reflects the relevant provisions of this Agreement and as may otherwise be required by the escrow agent, including reasonable standard form escrow conditions. The Earnxxx Xxxey Deposit shall be deposited in an interest bearing account as instructed by Buyer and any interest earned shall be added to the Earnxxx Xxxey Deposit. In the event that the parties proceed to the Closing, then the Earnxxx Xxxey Deposit, together with all interest earned thereon, shall be applied towards the Cash Payment. Except as otherwise expressly set forth in Section 11 of this Agreement, upon the termination of this Agreement, the Earnxxx Xxxey Deposit, together with all interest earned thereon, shall be returnedreturned by the Title Company to Buyer. Seller acknowledges that it has disclosed to Buyer any legal

Appears in 1 contract

Samples: Purchase Agreement (Associated Estates Realty Corp)

therein. Buyer shall notify Seller of the opening, the deposit, the number of the escrow, and the employee or employees of the Title Company in charge of the escrow. Each party shall execute such documentation governing the Earnxxx Xxxey Escrow that reflects the relevant provisions of this Agreement and as may otherwise be required by the escrow agent, including reasonable standard form escrow conditions. The Earnxxx Xxxey Deposit shall be deposited in an interest bearing account as instructed by Buyer and any interest earned shall be added to the Earnxxx Xxxey Deposit. In the event that the parties proceed to the Closing, then the Earnxxx Xxxey Deposit, together with all interest earned thereon, shall be applied towards the Cash Payment. Except as otherwise expressly set forth in Section 11 of this Agreement, upon the termination of this Agreement, the Earnxxx Xxxey Deposit, together with all interest earned thereon, shall be returnedreturned by the Title Company to Buyer. Seller acknowledges

Appears in 1 contract

Samples: Purchase Agreement (Associated Estates Realty Corp)