Common use of XXXXXXX MONEY DEPOSIT; PAYMENT AT CLOSING Clause in Contracts

XXXXXXX MONEY DEPOSIT; PAYMENT AT CLOSING. Upon execution of this Agreement, Inland Affiliate shall: (a) by wire transfer of immediately available funds, deposit with Chicago Title Insurance Company, a New York corporation ("ESCROWEE"), attention Xxxxx Xxxxxx, the sum of Zero and 00/100 Dollars ($0.00) (the "XXXXXXX MONEY"); and (b) deliver a promissory note (the "XXXXXXX MONEY NOTE") to Escrowee, made by Inland to the order of Holding Company in the amount of Zero and 00/100 Dollars ($0.00). The Xxxxxxx Money Note shall be in the form attached hereto as EXHIBIT "1.1.1." The Xxxxxxx Money and the Xxxxxxx Money Note shall be held in escrow by Escrowee for the mutual benefit of the parties hereto. The disposition of the Xxxxxxx Money and the Xxxxxxx Money Note shall be governed by the terms of this Section 1.1.1 from and after the date hereof. The Xxxxxxx Money shall be held by Escrowee in an interest bearing account (any interest earned thereon shall be paid to Inland Affiliate). At CLOSING (as that term is defined in Section 1.7): (i) the Xxxxxxx Money and the Xxxxxxx Money Note, shall be disbursed by Escrowee in accordance with Section 1.5 hereof; and (ii) any interest earned on the Xxxxxxx Money shall be paid by Escrowee to Inland Affiliate. Escrowee shall be reimbursed equally by the parties hereto for all of its out-of-pocket expenses. If Closing does not occur, the Xxxxxxx Money Deposit shall be paid over in accordance with the balance of this Section 1.1.1., all interest thereon shall be paid to Inland Affiliate and the Xxxxxxx Money Note shall be delivered in accordance with the balance of this Section 1.1.1. At Closing, immediately after the closing of all of the transactions contemplated by this Agreement, Escrowee shall deliver the Xxxxxxx Money Note to Inland Affiliate, which will have the right to cancel same. The terms of the Xxxxxxx Money Note shall govern the Xxxxxxx Money Note.

XXXXXXX MONEY DEPOSIT; PAYMENT AT CLOSING. Upon execution of this Agreement, Inland Affiliate shall: (a) by wire transfer of immediately available funds, deposit with Chicago Title Insurance Company, a New York corporation ("ESCROWEEEscrowee"), attention Xxxxx Xxxxxx, the sum of Zero One Million and 00/100 Dollars ($0.001,000,000.00) (the "XXXXXXX MONEY"); and (b) deliver a promissory note (the "XXXXXXX MONEY NOTE") to Escrowee, made by Inland to the order of Holding Company in the amount of Zero Nineteen Million and 00/100 Dollars ($0.0019,000,000.00). The Xxxxxxx Money Note shall be in the form attached hereto as EXHIBIT "1.1.1." The Xxxxxxx Money and the Xxxxxxx Money Note shall be held in escrow by Escrowee for the mutual benefit of the parties hereto. The disposition of the Xxxxxxx Money and the Xxxxxxx Money Note shall be governed by the terms of this Section 1.1.1 from and after the date hereof. The Xxxxxxx Money shall be held by Escrowee in an interest bearing account (any interest earned thereon shall be paid to Inland Affiliate). At CLOSING (as that term is defined in Section 1.7): (i) the Xxxxxxx Money and the Xxxxxxx Money Note, shall be disbursed by Escrowee in accordance with Section 1.5 hereof; and (ii) any interest earned on the Xxxxxxx Money shall be paid by Escrowee to Inland Affiliate. Escrowee shall be reimbursed equally by the parties hereto for all of its out-of-pocket expenses. If Closing does not occur, the Xxxxxxx Money Deposit shall be paid over in accordance with the balance of this Section 1.1.1., all interest thereon shall be paid to Inland Affiliate and the Xxxxxxx Money Note shall be delivered in accordance with the balance of this Section 1.1.1. At Closing, immediately after the closing of all of the transactions contemplated by this Agreement, Escrowee shall deliver the Xxxxxxx Money Note to Inland Affiliate, which will have the right to cancel same. The terms of the Xxxxxxx Money Note shall govern the Xxxxxxx Money Note.

XXXXXXX MONEY DEPOSIT; PAYMENT AT CLOSING. Upon execution of this Agreement, Inland Affiliate shall: (a) by wire transfer of immediately available funds, deposit with Chicago Title Insurance Company, a New York corporation ("ESCROWEEEscrowee"), attention Xxxxx Xxxxxx, the sum of Zero and ONE MILLION AND 00/100 Dollars DOLLARS ($0.001,000,000.00) (the "XXXXXXX MONEY"); and (b) deliver a promissory note (the "XXXXXXX MONEY NOTE") to Escrowee, made by Inland to the order of Holding Company Capital Centre LLC in the amount of Zero and TWENTY-FOUR MILLION AND 00/100 Dollars DOLLARS ($0.0024,000,000.00). The Xxxxxxx Money Note shall be in the form attached hereto as EXHIBIT "1.1.1." The Xxxxxxx Money and the Xxxxxxx Money Note shall be held in escrow by Escrowee for the mutual benefit of the parties hereto. The disposition of the Xxxxxxx Money and the Xxxxxxx Money Note shall be governed by the terms of this Section 1.1.1 from and after the date hereof. The Xxxxxxx Money shall be held by Escrowee in an interest bearing account (any interest earned thereon shall be paid to Inland Affiliate). , At CLOSING (as that term is defined in Section 1.7): (i) the Xxxxxxx Money and the Xxxxxxx Money Note, shall be disbursed by Escrowee in accordance with Section 1.5 hereof; and (ii) any interest earned on the Xxxxxxx Money shall be paid by Escrowee to Inland Affiliate. Escrowee shall be reimbursed equally by the parties hereto for all of its out-of-pocket expenses. If Closing does not occur, the Xxxxxxx Money Deposit shall be paid over in accordance with the balance of this Section 1.1.1., all interest thereon shall be paid to Inland Affiliate and the Xxxxxxx Money Note shall be delivered in accordance with the balance of this Section 1.1.1. At Closing, immediately after the closing of all of the transactions contemplated by this Agreement, Escrowee shall deliver the Xxxxxxx Money Note to Inland Affiliate, which will have the right to cancel same. The terms of the Xxxxxxx Money Note shall govern the Xxxxxxx Money Note.

XXXXXXX MONEY DEPOSIT; PAYMENT AT CLOSING. Upon execution of this Agreement, Inland Affiliate shall: (a) by wire transfer of immediately available funds, deposit with Chicago Title Insurance Company, a New York corporation ("ESCROWEE"), attention Xxxxx Xxxxxx, the sum of Zero zero and 00/100 Dollars ($0.00) (the "XXXXXXX MONEY"); and (b) deliver a promissory note (the "XXXXXXX MONEY NOTE") to Escrowee, made by Inland to the order of Holding Company in the amount of Zero zero and 00/100 Dollars ($0.00). The Xxxxxxx Money Note shall be in the form attached hereto as EXHIBIT "1.1.1." The Xxxxxxx Money and the Xxxxxxx Money Note shall be held in escrow by Escrowee for the mutual benefit of the parties hereto. The disposition of the Xxxxxxx Money and the Xxxxxxx Money Note shall be governed by the terms of this Section 1.1.1 from and after the date hereof. The Xxxxxxx Money shall be held by Escrowee in an interest bearing account (any interest earned thereon shall be paid to Inland Affiliate). At CLOSING (as that term is defined in Section 1.7): (i) the Xxxxxxx Money and the Xxxxxxx Money Note, shall be disbursed by Escrowee in accordance with Section 1.5 hereof; and (ii) any interest earned on the Xxxxxxx Money shall be paid by Escrowee to Inland Affiliate. Escrowee shall be reimbursed equally by the parties hereto for all of its out-of-pocket expenses. If Closing does not occur, the Xxxxxxx Money Deposit shall be paid over in accordance with the balance of this Section 1.1.1., all interest thereon shall be paid to Inland Affiliate and the Xxxxxxx Money Note shall be delivered in accordance with the balance of this Section 1.1.1. At Closing, immediately after the closing of all of the transactions contemplated by this Agreement, Escrowee shall deliver the Xxxxxxx Money Note to Inland Affiliate, which will have the right to cancel same. The terms of the Xxxxxxx Money Note shall govern the Xxxxxxx Money Note.