Common use of TOTAL CONTRACT PRICE Clause in Contracts

TOTAL CONTRACT PRICE. The total price to be paid by Buyer for the purchase of the Property (“Total Contract Price”) including the escrow deposit to be made by Buyer shall be as follows and shall be paid in immediately available U.S. funds (i.e., cash, wire transfer or cashier’s check drawn on a US bank account): (a) FINAL BID AMOUNT (“Bid Price”) $ Plus BUYER’S PREMIUM equal to 8% of the Final Bid Amount (which sum is to be paid to Escrow Holder pursuant to the Auction Contract) $ TOTAL CONTRACT PRICE $ (b) INITIAL DEPOSIT (“Initial Deposit”) equal to 10% of the Total Contract $ Price (to be deposited in a non-interest bearing trust account by the Escrow Holder as defined below) $ Of which $100,000 has been provided in a ca- xxxxx’x check as REGISTRATION DEPOSIT and $ has been provided in a personal or business check. (c) BALANCE OF TOTAL CONTRACT PRICE $ Due no later than two (2) business days prior to Closing (defined below). In addition, Buyer must pay amounts due from Buyer under other provisions of this Contract (see Sections 4 an 5 below). The Initial Deposit is NON-REFUNDABLE AND WILL CONSTITUTE LIQUIDATED DAMAGES AS SET OUT IN PARAGRAPHS THREE (3) AND TWENTY (20) BELOW IN THE EVENT OF BUYER’S BREACH AS SET FORTH BELOW. THIS PURCHASE CONTRACT MUST BE EXECUTED BY THE BUYER WITHIN 5 HOURS OF BEING NOTIFIED OF BEING THE WINNING BIDDER. The Seller has 3 business days to execute this purchase contract.

TOTAL CONTRACT PRICE. The total price to be paid by Buyer for the purchase of the Property (“Total Contract Price”) including the escrow deposit to be made by Buyer shall be as follows and shall be paid in immediately available U.S. funds (i.e., cash, wire transfer or cashier’s check drawn on a US bank account): (a) FINAL BID AMOUNT (“Bid Price”) $ Plus BUYER’S PREMIUM equal to 87% of the Final Bid Amount (which sum is to be paid to Escrow Holder pursuant to the Auction Contract) $ TOTAL CONTRACT PRICE $ (b) INITIAL DEPOSIT (“Initial Deposit”) equal to 10% of the Total Contract $ Price (to be deposited in a non-interest bearing trust account by the Escrow Holder as defined below) $ Of which $100,000 has been provided in a ca- xxxxx’x check as REGISTRATION DEPOSIT and $ has been provided in a personal or business check.cashier’s check as REGISTRATION DEPOSIT (c) BALANCE OF TOTAL CONTRACT PRICE $ Due no later than two (2) business days prior to Closing (defined below). In addition, Buyer must pay amounts due from Buyer under other provisions of this Contract (see Sections 4 an 5 below). The Initial Deposit is NON-REFUNDABLE AND WILL CONSTITUTE LIQUIDATED DAMAGES AS SET OUT IN PARAGRAPHS THREE (3) AND TWENTY (20) BELOW IN THE EVENT OF BUYER’S BREACH AS SET FORTH BELOW. THIS PURCHASE CONTRACT MUST BE EXECUTED BY THE BUYER WITHIN 5 HOURS OF BEING NOTIFIED OF BEING THE WINNING BIDDER. The Seller has 3 business days to execute this purchase contract. Due no later than two (2) business days prior to Closing (defined below). In addition, Buyer must pay amounts due from Buyer under other provisions of this Contract (see Sections 4 and 5 below). The Initial Deposit is NON-REFUNDABLE AND WILL CONSTITUTE LIQUIDATED DAMAGES AS SET OUT IN PARAGRAPHS THREE (3) AND TWENTY (20) BELOW IN THE EVENT OF BUYER’S BREACH AS SET FORTH BELOW. THIS PURCHASE CONTRACT MUST BE EXECUTED BY THE BUYER WITHIN 24 HOURS OF BEING NOTIFIED OF BEING THE WINNING BIDDER. The Seller has three (3) business days from its receipt of the Purchase Contract executed by Xxxxx.xx execute this purchase contract.

TOTAL CONTRACT PRICE. The total price to be paid by Buyer for the purchase of the Property (“Total Contract Price”) including the escrow deposit to be made by Buyer shall be as follows and shall be paid in immediately available U.S. funds (i.e., cash, wire transfer or cashier’s check drawn on a US bank account): (a) FINAL BID AMOUNT (“Bid Price”) $ Plus BUYER’S PREMIUM equal to 82.5% of the Final Bid Amount (which sum is to be paid to Escrow Holder pursuant to the Auction Contract) $ TOTAL CONTRACT PRICE $ (b) INITIAL DEPOSIT (“Initial Deposit”) equal to 10% of the Total Contract $ Price (to be deposited in a non-interest bearing trust account by the Escrow Holder as defined below) $ Of which $100,000 50,000 has been provided in a ca- xxxxx’x check as REGISTRATION DEPOSIT and $ has been provided in a personal or business check. (c) BALANCE OF TOTAL CONTRACT PRICE $ Due no later than two (2) business days prior to Closing (defined below). In addition, Buyer must pay amounts due from Buyer under other provisions of this Contract (see Sections 4 an 5 below). The Initial Deposit is NON-REFUNDABLE AND WILL CONSTITUTE LIQUIDATED DAMAGES AS SET OUT IN PARAGRAPHS THREE (3) AND TWENTY (20) BELOW IN THE EVENT OF BUYER’S BREACH AS SET FORTH BELOW. THIS PURCHASE CONTRACT MUST BE EXECUTED BY THE BUYER WITHIN 5 HOURS OF BEING NOTIFIED OF BEING THE WINNING BIDDER. The Seller has 3 business days to execute this purchase contract.