Exxxxxx Money definition

Exxxxxx Money means Five Hundred Thousand and 00/100 Dollars ($500,000.00). The Exxxxxx Money shall be delivered to Escrow Agent within three (3) business days after the Effective Date. The Exxxxxx Money shall be deposited by Buyer in escrow with Escrow Agent, to be applied as part payment of the Purchase Price at the time of Closing, or disbursed as agreed upon in accordance with the terms of this Agreement. Seller and Buyer each shall pay one-half of all reasonable escrow fees charged by Escrow Agent.

Exxxxxx Money shall have the meaning ascribed to such term in Section 2.3.

Exxxxxx Money shall have the meaning assigned thereto in subsection 2.3(a).

Examples of Exxxxxx Money in a sentence

• If for any reason the Closing does not occur, Escrow Agent shall deliver the Exxxxxx Money to Seller or Buyer only upon receipt of a written demand therefor from such party, subject to the following provisions of this clause (a).

• Such request shall also constitute a request for the release of the Exxxxxx Money to the Terminating Party.

• The Exxxxxx Money shall be applied to the Purchase Price at Closing.

• Escrow Agent has executed this Agreement in the place indicated on the signature page hereof in order to confirm that Escrow Agent has received and shall hold the Exxxxxx Money in escrow, and shall disburse the Exxxxxx Money pursuant to the provisions of this Section 8.

• Second, the concept of fiscal sustainability is difficult to apply to U.S. local governments that are highly decentralized and heterogeneous in their economic, financial, and organizational structures and institutional environments.

More Definitions of Exxxxxx Money

Exxxxxx Money as used herein means the Initial Exxxxxx Money and the Additional Exxxxxx Money, if applicable. Until the date that a Party is entitled to receive the Exxxxxx Money pursuant to the terms hereof, the Title Company will hold the Exxxxxx Money in a federally insured interest-bearing account and the Exxxxxx Money shall include all interest earned thereon. The Title Company shall immediately deliver [***]of the Initial Exxxxxx Money to the Seller as independent consideration for this Agreement (the “Independent Consideration”).

Exxxxxx Money means the Initial Exxxxxx Money, together with any Additional Exxxxxx Money and any Second Additional Exxxxxx Money actually paid by Purchaser (or which Purchaser is obligated to pay) to Escrow Agent hereunder, and together with all interest which accrues thereon as provided in Section 2.3(c) hereof.

Exxxxxx Money means any form of exxxxxx money supporting a Lot Sale Contract including, without limitation, any cash on deposit or letters of credit that may be deposited with a title company, released to Borrower, or held by any other Person.

Exxxxxx Money shall have the meaning set forth in Section 2.1 hereof.

Exxxxxx Money means the Initial Exxxxxx Money, together with all interest which accrues thereon as provided in Section 2.2(b) hereof and in the Escrow Agreement.

Exxxxxx Money means the amount deposited pursuant to Section 4(b) hereof.

Exxxxxx Money shall have the meaning set forth in Section 4.2.