Extension Exxxxxx Money definition

Extension Exxxxxx Money means in the case of each extension option exercised (if at all) by Buyer to extend the Closing Date pursuant to Section 2.3(e) below, One Million and No/100 Dollars ($1,000,000.00) for each such extension.
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Extension Exxxxxx Money means the sum of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00 U.S.) payable by Purchaser to Escrow Agent (and not direct to Seller) in the event Purchaser elects to extend the Closing Date pursuant to Section 2.6 hereof.
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Extension Exxxxxx Money. Shall have the meaning given to it in Section 6.01.
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Examples of Extension Exxxxxx Money in a sentence

  • Upon Escrow Agent’s receipt of any portion of the Extension Exxxxxx Money, such Extension Exxxxxx Money shall become a portion of the Exxxxxx Money and shall be nonrefundable to Buyer except as otherwise expressly provided in this Agreement.

  • The parties hereto mutually acknowledge and agree that time is of the essence in respect of Purchaser’s timely deposit of the Initial Exxxxxx Money, the Additional Exxxxxx Money and the Extension Exxxxxx Money, if applicable, with Escrow Agent.

  • 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.

  • Purchaser shall have the option to extend the Closing Date for a period of (15) days from the originally scheduled Closing Date by providing written notice to Seller not less than five (5) days prior to the originally scheduled Closing Date of its election to the extend the Closing Date and by delivering to Escrow Agent the Extension Exxxxxx Money.

  • Notwithstanding anything herein to the contrary: (a) if Purchaser exercises its right to extend the Closing Date as provided above, the total Purchase Price shall be increased by FIVE HUNDRED THOUSAND DOLLARS ($500,000); and (b) upon Purchaser's payment of the Extension Exxxxxx Money, Escrow Agent shall disburse to Seller TEN MILLION DOLLARS ($10,000,000) of the Exxxxxx Money to Seller as directed by Seller in writing and without further instruction, approval or consent of Purchaser.

  • 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.

  • The Extension Exxxxxx Money shall form part of the Exxxxxx Money and the Allocated Exxxxxx Money for all purposes of this Agreement.


More Definitions of Extension Exxxxxx Money

Extension Exxxxxx Money shall have the meaning provided in the Purchase Agreement.
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Related to Extension Exxxxxx Money

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Extension Fee means the fee payable to the Trustee on each occasion the Manager, upon a Participating Dealer’s request, grants the Participation Dealer an extended settlement in respect of a Creation Application or Redemption Application.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

  • Non-Extended Facility has the meaning assigned to such term in Section 3.6(d).

  • Applied Non-Extension Advance has the meaning assigned to such term in Section 2.06(a).

  • Non-Extending Bank has the meaning set forth in Section 2.09(a) hereof.

  • Extension Date has the meaning specified in Section 2.19(b).

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Extension Effective Date has the meaning specified in Section 2.06(c).

  • Extension Term means the time period defined in §2.C.

  • Renewal Fee means the fee that Borrower must pay Coast upon renewal of this Agreement pursuant to Section 9.1 hereof, in the amount set forth on the Schedule.

  • Extension Agreement shall have the meaning provided in Section 2.15(c).

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Non-Renewal shall have the meaning set forth in Paragraph 2(b) hereof.

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.

  • Extension Deadline means, with respect to a letter of credit, the Cutoff Time on the Business Day preceding the day on which the letter of credit expires.

  • Extension has the meaning specified in Section 2.18(a).

  • Facility Letter means the facility letter and the other letters of offer or other letters which may from time to time be issued by the Bank to the Borrower in relation to the Facilities.