XXXXXXX MONEY/DEPOSITS. The broker, as specified in Section 2, shall deposit and hold all xxxxxxx money and other deposits until sale is closed. If an accepted offer and agreement to purchase does not close, regardless of the circumstances, both Purchaser and Seller must agree in writing prior to release of xxxxxxx money or in the alternative, pursuant to court order in accordance with SDCL 36-21A-81.
XXXXXXX MONEY/DEPOSITS. Licensee acknowledges and understands that Xxxxxx does not maintain a trust fund account and that any xxxxxxx money deposits shall NEVER ever be touched by licensee. Licensee should notify their client(s) immediately to arrange for any xxxxxxx money deposits needing to be delivered and submitted and then it should be reported to the broker. Licensee shall not ever receive ANY funds from clients nor receive ANY cash or other types of payments from clients. Initial Here
XXXXXXX MONEY/DEPOSITS. Listing office shall deposit and hold all xxxxxxx money and other deposits until sale is closed. If this offer is not accepted by Seller, or if Purchaser is unable to secure financing, if so contingent, or if no agreement is reached regarding conditions found on inspection report(s), this agreement is void and Purchaser's money shall be returned in full, less any expenses incurred on Purchaser's behalf, including any inspection ordered by Purchaser.
XXXXXXX MONEY/DEPOSITS. Associate-Licensee acknowledges and understands that Xxxxxx does not maintain a trust fund and that all xxxxxxx money deposits received by clients must be made payable and deposited immediately to escrow and reported to Broker. Associate-Licensee shall not ever receive funds from clients in its personal name nor receive any cash payments from clients. All trust funds shall be handled in compliance with the Business and Professions Code, and other applicable laws.
XXXXXXX MONEY/DEPOSITS. Simultaneously with the Purchaser's execution of this Agreement, Purchaser will deposit, as an initial xxxxxxx money deposit (the "Initial Deposit"), in escrow with Lawyer's Title Insurance Company or another title insurance company mutually acceptable to the parties (the "Escrow Agent"), the sum of Twenty-One Thousand Dollars ($21,000.00), in the form of a certified or bank check or by wire transfer of immediately available funds. Upon the expiration of the Due Diligence Period (as defined in Paragraph 3 hereof), if the Purchaser has not terminated this Agreement pursuant to said Paragraph 3, an additional Sixty Three Thousand Dollars ($63,000.00) (the "Additional Deposit") shall be deposited with the Escrow Agent. Until the Additional Deposit is paid, the Initial Deposit shall be also referred to herein as the "Deposit". When the Additional Deposit has been paid, the Initial Deposit, together with the Additional Deposit, shall be together referred to herein as the "Deposit". In the event that Purchaser terminates its obligations with respect to the Property in accordance with the terms hereof, the entire amount of such Deposit shall be returned to Purchaser or handled in the manner specified in a written instruction to the Escrow Agent, signed by both the Seller and Purchaser. Escrow Agent shall invest the Deposit in either a federally insured money market account, United States Treasury Bills, or such other instruments as Purchaser and Seller may agree upon. At Closing, the Deposit, together with all accrued interest and dividends thereon, will be credited against the Purchase Price. Any and all interest and dividends earned on the Deposit shall be paid over to the party entitled to the receipt of the Deposit under the terms of this Agreement. UPON A PURCHASER DEFAULT AFTER THIS AGREEMENT HAS BEEN FULLY EXECUTED, SELLER'S SOLE AND EXCLUSIVE REMEDY SHALL BE TO TERMINATE THIS AGREEMENT AND RETAIN THE DEPOSIT (AND ALL INTEREST ACCRUED THEREON) AS LIQUIDATED DAMAGES.
XXXXXXX MONEY/DEPOSITS. Auctioneer or Auctioneer’s authorized closing agent shall deposit and hold all xxxxxxx money and other deposits until sale is closed. If Auctioneer is holding the xxxxxxx money and an accepted offer and agreement to purchase does not close, regardless of the circumstances, both Purchaser and Seller must agree in writing prior to release of xxxxxxx money or in the alternative, pursuant to court order in accordance with SDCL 36-21A-81.
XXXXXXX MONEY/DEPOSITS. Each Xxxxxxx Money Deposit will be held by Escrow Agent for the account of the applicable Unit Purchaser, and Borrower shall instruct Escrow Agent to pay to Administrative Agent all forfeited Xxxxxxx Money Deposits which are or become payable to Borrower under any Unit Sales Contract. Administrative Agent shall apply all forfeited Xxxxxxx Money Deposits in the manner specified in the Collateral Assignment.
XXXXXXX MONEY/DEPOSITS. Listing office shall deposit and hold all xxxxxxx money and other 183 deposits until sale is closed. If an accepted offer and agreement to purchase does not close, regardless of the 184 circumstances, both Purchaser and Seller must agree in writing prior to release of xxxxxxx money or in the 185 alternative, pursuant to court order in accordance with SDCL 36-21A-81. 186 187 17. AGREEMENT TO MEDIATE. (VOLUNTARY NOT A PART OF THE CONTRACT TO 188 PURCHASE THE HOME) 189 Buyers are aware that the Northern Black Hills and Southern Black Hills Association of REALTORS® are 190 able to provide mediation in accordance with the rules and procedures of the Sellers/Purchasers Dispute 191 Resolution System. 192
XXXXXXX MONEY/DEPOSITS. Pursuant to the terms of this Agreement, Buyer is paying the xxxxxxx money deposits, in the amounts indicated above, to Icard, Merrill, Cullis, Timm, Furen & Xxxxxxxx, P.A., whose address is 0000 Xxxxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxx 00000 (the “Escrow Agent”). Buyer may obtain a written receipt for any deposit and payment upon request to the Escrow Agent at its offices. The xxxxxxx money deposits shall be applied against the purchase price of the Unit at the time of closing. Any xxxxxxx money deposits made to Xxxx under this Agreement in excess of 10% of the purchase price may be disbursed by the Escrow Agent to Xxxx upon commencement of construction of the Unit to be used for construction purposes. If this transaction does not close, the xxxxxxx money deposits will be retained by Xxxx or delivered to Buyer as provided for in the “Default” Paragraph.
XXXXXXX MONEY/DEPOSITS. Following Buyer's execution of this Agreement, to assure Buyer's performance of its obligations under this Agreement, Buyer shall deposit with Castle for the account of Castle, Three and Seventy-Five One Hundredths Percent (3.75%) of the Money Payment, Sixty Five Thousand Six Hundred Twenty-Five Dollars ($65,625), by wire transfer or other immediately available funds (the "Money Deposit") plus an additional Three and Seventy-Five One Hundredths Percent (3.75%) of the Stock Payment, Twenty One Thousand Eight Hundred Seventy- Five (21,875) shares of Buyer's Common Stock (the AStock Deposit@). The Cash Deposit and the Stock Deposit being herein collectively called the "Xxxxxxx Money Deposits". If Closing occurs, the Xxxxxxx Money Deposits will be applied to the Adjusted Purchase Price. If Closing fails to occur, the Xxxxxxx Money Deposits shall be handled in accordance with Section 12.2 hereof.
