Common use of Xxxxxxx Money Deposit Clause in Contracts

Xxxxxxx Money Deposit. Immediately upon the execution of this Sale Contract, Buyer will pay ten percent (10.00%) of the Total Contract Price for the Property as the Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and Auctioneer. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.

Xxxxxxx Money Deposit. Immediately upon the execution of this Sale Contract, Buyer will pay ten percent (10.00%) of the Total Contract Price for the Property as the Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and AuctioneerAuction Team. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.

Xxxxxxx Money Deposit. Immediately upon the execution of this Sale Contract, Buyer will pay ten percent a TEN-PERCENT (10.0010%) of the Total Contract Price for the Property as the Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and Auctioneer/Broker. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.

Xxxxxxx Money Deposit. Immediately upon the execution of this Sale Contract, Buyer will pay ten percent twenty-five thousand dollars (10.00%$25,000.00) of the Total Contract Price for the Property as the Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and Auctioneer/Broker. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.

Xxxxxxx Money Deposit. Immediately upon the Within 24 hours of execution of this Sale Contract, Buyer will pay ten percent (10.0010%) of the Total Contract Price for the Property as the Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and AuctioneerAuction Team. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.

Xxxxxxx Money Deposit. Immediately upon the execution of this Sale Contract, Buyer will pay ten percent twenty-five thousand dollars (10.00%$25,000.00) as part of the Total Contract Price for the Property as the required Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-non- interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and Auctioneer/Broker. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.

Xxxxxxx Money Deposit. Immediately upon the Within 48 hours of execution of this Sale Contract, Buyer will pay ten percent (10.00%) of the Total Contract Price for the Property as the Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and Auctioneer. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.

Xxxxxxx Money Deposit. Immediately upon the execution of this Sale Contract, Buyer will pay ten ten-percent (10.00%) of the Total Contract Price for the Property as the Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and Auctioneer/Broker. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.

Xxxxxxx Money Deposit. Immediately upon the execution of this Sale Contract, Buyer will pay ten percent (10.00%) of the Total Contract Price for the Property as the Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-non- interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and Auctioneer. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.

Xxxxxxx Money Deposit. Immediately upon the execution of this Sale Contract, Buyer Xxxxx will pay ten percent (10.00%) of the Total Contract Price for the Property as the Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Xxxxxx Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and AuctioneerAuction Team. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.

Xxxxxxx Money Deposit. Immediately upon the execution of this Sale Contract, Buyer will pay ten percent an Xxxxxxx Money Deposit equal to TEN-PERCENT (10.0010%) of the Total Contract Price for the Property as the Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-non- interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and Auctioneer/Broker. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.