Common use of Xxxxxxxx of Xxxxxxx Money and Option Fee Clause in Contracts

Xxxxxxxx of Xxxxxxx Money and Option Fee. Within 3 days after the Effective Date, Buyer must deliver to , as escrow agent, at payable to escrow agent and may be paid separately or combined in a single payment. (1) Buyer shall deliver additional xxxxxxx money of $ to escrow agent within (2) If the last day to deliver the xxxxxxx money, Option Fee, or the additional xxxxxxx money falls on a Saturday, Sunday, or legal holiday, the time to deliver the xxxxxxx money, Option Fee or the additional xxxxxxx money, as applicable, is extended until the end of the next day that is not a Saturday, Sunday, or legal holiday. (3) The amount(s) escrow agent receives under this paragraph shall be applied first to the Option Fee then to the xxxxxxx money, and then to the additional xxxxxxx money. (4) Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller.

Appears in 2 contracts

Samples: One to Four Family Residential Contract (Resale), Unimproved Property Contract

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Xxxxxxxx of Xxxxxxx Money and Option Fee. Within 3 days after the Effective Date, Buyer must deliver to , as escrow agent, at payable to escrow agent and may be paid separately or combined in a single payment.at (1) Buyer shall deliver additional xxxxxxx money of $ agent within days after the Effective Date of this contract. to escrow agent withinescrow (2) If the last day to deliver the xxxxxxx money, Option Fee, or the additional xxxxxxx money falls on a Saturday, Sunday, or legal holiday, the time to deliver the xxxxxxx money, Option Fee or the additional xxxxxxx money, as applicable, is extended until the end of the next day that is not a Saturday, Sunday, or legal holiday. (3) The amount(s) escrow agent receives under this paragraph shall be applied first to the Option Fee then to the xxxxxxx money, and then to the additional xxxxxxx money. (4) Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller.

Appears in 1 contract

Samples: Residential Condominium Contract (Resale)

Xxxxxxxx of Xxxxxxx Money and Option Fee. Within 3 days after the Effective Date, Buyer must deliver to , as escrow agent, at payable to escrow agent and may be paid separately or combined in a single payment.at (1) Buyer shall deliver additional xxxxxxx money of $ agent within days after the Effective Date of this contract. to escrow agent withinescrow (2) If the last day to deliver the xxxxxxx money, Option Fee, or the additional xxxxxxx money falls on a Saturday, Sunday, or legal holiday, the time to deliver the xxxxxxx money, Option Fee or the additional xxxxxxx money, as applicable, is extended until the end of the next day that is not a Saturday, Sunday, or legal holiday. (3) The amount(s) escrow agent receives under this paragraph shall be applied first to the Option Fee then to the xxxxxxx money, and then to the additional xxxxxxx money. (4) Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. The Option Fee will be credited to the Sales Price at closing.

Appears in 1 contract

Samples: Residential Condominium Contract (Resale)

Xxxxxxxx of Xxxxxxx Money and Option Fee. Within 3 days after the Effective Date, Buyer must deliver to , as escrow agent, at payable to escrow agent and may be paid separately or combined in a single payment. (1) Buyer shall deliver additional xxxxxxx money of $ agent within days after the Effective Date of this contract. to escrow agent withinescrow (2) If the last day to deliver the xxxxxxx money, Option Fee, or the additional xxxxxxx money falls on a Saturday, Sunday, or legal holiday, the time to deliver the xxxxxxx money, Option Fee or the additional xxxxxxx money, as applicable, is extended until the end of the next day that is not a Saturday, Sunday, or legal holiday. (3) The amount(s) escrow agent receives under this paragraph shall be applied first to the Option Fee then to the xxxxxxx money, and then to the additional xxxxxxx money. (4) Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller.

Appears in 1 contract

Samples: New Home Contract

Xxxxxxxx of Xxxxxxx Money and Option Fee. Within 3 days after the Effective Date, Buyer must deliver to , as escrow agent, at payable to escrow agent and may be paid separately or combined in a single payment. (1) Buyer shall deliver additional xxxxxxx money of $ to escrow agent within (2) If the last day to deliver the xxxxxxx money, Option Fee, or the additional xxxxxxx money falls on a Saturday, Sunday, or legal holiday, the time to deliver the xxxxxxx money, Option Fee or the additional xxxxxxx money, as applicable, is extended until the end of the next day that is not a Saturday, Sunday, or legal holiday. (3) The amount(s) escrow agent receives under this paragraph shall be applied first to the Option Fee then to the xxxxxxx money, and then to the additional xxxxxxx money. (4) Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. The Option Fee will be credited to the Sales Price at closing.

Appears in 1 contract

Samples: Unimproved Property Contract

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Xxxxxxxx of Xxxxxxx Money and Option Fee. Within 3 days after the Effective Date, Buyer must deliver to , as escrow agent, at payable to escrow agent and may be paid separately or combined in a single payment. (1) Buyer shall deliver additional xxxxxxx money of $ agent within days after the Effective Date of this contract. to escrow agent withinescrow (2) If the last day to deliver the xxxxxxx money, Option Fee, or the additional xxxxxxx money falls on a Saturday, Sunday, or legal holiday, the time to deliver the xxxxxxx money, Option Fee or the additional xxxxxxx money, as applicable, is extended until the end of the next day that is not a Saturday, Sunday, or legal holiday. (3) The amount(s) escrow agent receives under this paragraph shall be applied first to the Option Fee then to the xxxxxxx money, and then to the additional xxxxxxx money. (4) Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. The Option Fee will be credited to the Sales Price at closing.

Appears in 1 contract

Samples: New Home Contract (Incomplete Construction)

Xxxxxxxx of Xxxxxxx Money and Option Fee. Within 3 days after the Effective Date, Buyer must deliver to , as escrow agent, at payable to escrow agent and may be paid separately or combined in a single payment.at (1) Buyer shall deliver additional xxxxxxx money of $ to escrow agent within (2) If the last day to deliver the xxxxxxx money, Option Fee, or the additional xxxxxxx money falls on a Saturday, Sunday, or legal holiday, the time to deliver the xxxxxxx money, Option Fee or the additional xxxxxxx money, as applicable, is extended until the end of the next day that is not a Saturday, Sunday, or legal holiday. (3) The amount(s) escrow agent receives under this paragraph shall be applied first to the Option Fee then to the xxxxxxx money, and then to the additional xxxxxxx money. (4) Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller.. The Option Fee will be credited to the Sales Price at closing. meme g nnotioti raactct ((OOpptt

Appears in 1 contract

Samples: One to Four Family Residential Contract (Resale)

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