Common use of Transfer of Deposit Clause in Contracts

Transfer of Deposit. If the Selling Broker is holding any of the Deposit (including, but not limited to, the Xxxxxxx Money), the Selling Broker shall transfer the Deposit to the Closing Agent's account at least ten (10) business days prior to the Closing Date as listed in Section 2.21, regardless of any extensions of the Closing Date. Xxxxx acknowledges and agrees that the Deposit and any other funds related to Closing shall be deposited in a non-interest bearing account.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

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Transfer of Deposit. If the Selling Broker is holding any of the Deposit (including, but not limited to, the Xxxxxxx Money), the Selling Broker shall transfer the Deposit to the Closing Agent's account at least ten (10) business days prior to the Closing Date as listed in Section 2.21, regardless of any an y extensions of the Closing Date. Xxxxx acknowledges and agrees that the Deposit and any other funds related to Closing shall be deposited in a non-interest bearing account.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

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Transfer of Deposit. If the Selling Broker is holding any of the Deposit (including, but not limited to, the Xxxxxxx Money), the Selling Broker shall transfer the Deposit to the Closing Agent's account at least ten (10) business days da ys prior to the Closing Date as listed in Section 2.21, regardless of any an y extensions of the Closing Date. Xxxxx acknowledges and agrees that the Deposit and any other funds related to Closing shall be deposited in a non-interest bearing account.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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