Examples of Additional Exxxxxx Money in a sentence
Within 3 business days after expiration of the Due Diligence Period, if this Agreement has not theretofore been terminated or deemed terminated, Seller will deposit the Additional Exxxxxx Money with Escrow Agent.
The Initial Exxxxxx Money, Additional Exxxxxx Money and Extension Payment (as defined herein), if any, and all interest earnings thereon are collectively referred to herein as the “Exxxxxx Money.” The Title Company will immediately deposit the Exxxxxx Money in accordance with the Escrow Agreement.
The Initial Exxxxxx Money, the Additional Exxxxxx Money and the Extension Exxxxxx Money, if applicable, shall be deposited by Escrow Agent into a money market account with a national banking association or other bank in the Atlanta, Georgia metropolitan area approved by Purchaser and reasonably acceptable to Seller.
The definition of the term “Exxxxxx Money” under the Contract is hereby revised to collectively mean the Initial Exxxxxx Money, the Additional Exxxxxx Money and the Extension Exxxxxx Money.
If Purchaser, in its sole discretion (and for any or no reason), determines that it wishes to proceed with the purchase and sale of the Property, Purchaser shall deliver written notice to Seller and the Escrow Agent on or before 3:00 p.m. Atlanta, Georgia time on the last day of the Inspection Period (with such date being the “Approval Date”) of its election to proceed under the terms of this Agreement (the “Notice of Election to Proceed”) and shall deliver to Escrow Agent the Additional Exxxxxx Money.
If Purchaser fails to timely deposit the Initial Exxxxxx Money, Additional Exxxxxx Money or the Extension Exxxxxx Money, if applicable, with Escrow Agent, then, at the option of Seller, exercisable by written notice to Purchaser and Escrow Agent, this Agreement shall terminate, and no party hereto shall have any further rights or obligations hereunder, except those provisions of this Agreement which by their express terms survive the termination of this Agreement.
In the event Purchaser elects to extend the Closing Date as provided in Section 8 below, Purchaser shall deposit with the Escrow Agent additional exxxxxx money in the amount of $350,000 (the "Additional Exxxxxx Money") within one (1) business day after the date of delivery of the Extension Notice (as defined below).
If Buyer has not otherwise terminated this Contract in accordance with the terms hereof, Buyer’s failure to timely deliver the Additional Exxxxxx Money shall constitute a default by Buyer.
The Initial Exxxxxx Money and the Additional Exxxxxx Money when deposited are collectively referred to in this Agreement as the “Exxxxxx Money”.
The Initial Exxxxxx Money and the Additional Exxxxxx Money, together with any interest earned thereon, net of investment costs, are collectively referred to in this Agreement as the “Exxxxxx Money.” The Exxxxxx Money shall be held and, at Purchaser’s election, invested by the Title Company in an interest bearing account with a federally insured financial institution reasonably acceptable to Purchaser.