Common use of Xxxxxxx Money Payment Clause in Contracts

Xxxxxxx Money Payment. Upon execution of this Agreement, Buyer --------------------- shall pay to Seller the sum of $25,000 ("Xxxxxxx Money Payment") which shall under no circumstances be refundable to Buyer and shall unconditionally become the property of Seller, but shall nonetheless be credited against the amount of the Purchase Price due from Buyer at Closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Mediacom LLC), Asset Purchase Agreement (Mediacom LLC)

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Xxxxxxx Money Payment. Upon execution of this Agreement, Buyer shall --------------------- shall pay to Seller the sum of $25,000 50,000 ("Xxxxxxx Money Payment") which shall under no circumstances be refundable to Buyer and shall unconditionally become the property of Seller, but shall nonetheless be credited against the amount of the Purchase Price due from Buyer at Closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Mediacom LLC), Asset Purchase Agreement (Mediacom LLC)

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