Immediately upon Escrow Holder definition

Immediately upon Escrow Holder s receipt of the Deposit (the "OPENING OF ESCROW"), Escrow Holder shall invest the same in a federally insured interest-bearing account acceptable to Seller and Buyer, with all interest accruing thereon credited to the Purchase Price. For purposes of this Agreement, any interest accruing on the Deposit from time to time shall be deemed part of the Deposit. Upon expiration of the Due Diligence Period, if Buyer has not previously terminated this Agreement by its terms, then Seller shall be entitled to have the Performance Deposit released to it and Escrow Holder is hereby directed to remit the Performance Deposit to Seller without further instruction from Buyer or Seller, and, at Escrow Holder's request, Buyer shall promptly sign and deliver to Escrow Holder such written instructions as Escrow Holder may request confirming that the Performance Deposit may be released to Seller. Buyer acknowledges and agrees that there shall not be any interest earned on the Performance Deposit after its release to Seller. Concurrently with the Close of Escrow, the Deposit (including the Performance Deposit) shall be credited to the Purchase Price. Buyer agrees that in consideration of Seller's entering into the Purchase Agreement with Buyer and providing Buyer the opportunity to purchase the Property in accordance with the terms and conditions set forth herein, the Performance Deposit shall be deemed earned in full by Seller as of the execution and delivery of this Agreement and, notwithstanding anything stated to the contrary in this Agreement, if this Agreement is terminated by Buyer prior to the expiration of the Due Diligence Period for any reason other than Seller's breach of its obligations hereunder or the occurrence of damage or destruction to any portion of the Property or condemnation to any portion of the Property that permits Buyer to terminate this Agreement pursuant to SECTION 5.4 herein, the Performance Deposit shall be remitted to Seller and the Transaction Deposit shall be returned to Buyer. Buyer acknowledges and agrees that Seller would not have entered into this Agreement with Buyer and provided Buyer the opportunity to acquire the Property in accordance with the terms and conditions of this Agreement but for Buyer's agreement to treat the Performance Deposit in the manner provided in this SECTION 3.2.1.
Sample 1
Immediately upon Escrow Holder s receipt of the Deposit (the "Opening of Escrow"), Escrow Holder shall invest the same in a federally insured interest-bearing account acceptable to Seller and Buyer, with all interest accruing thereon credited to the Purchase Price...............................................2 3.2.2 Provided all the conditions in Section 7.1 hereof have been satisfied or waived by Buyer, Buyer shall deposit in cash or current funds with Escrow Holder no later than 1:00 p.m................................................3 3.3 Disposition of Deposit Upon Failure to Close.........................3 TABLE OF CONTENTS (continued) PAGE
Sample 1
Immediately upon Escrow Holder s receipt of the Deposit (the "Opening of Escrow"), Escrow Holder shall invest the same in a federally insured interest-bearing account acceptable to Seller and Buyer, with all interest accruing thereon credited to the Purchase Price. For purposes of this Agreement, any interest accruing on the Deposit from time to time shall be deemed part of the Deposit. Upon expiration of the Due Diligence Period, if Buyer has not previously terminated this Agreement by its terms the Deposit shall become nonrefundable except as otherwise provided herein .
Sample 1

More Definitions of Immediately upon Escrow Holder

Immediately upon Escrow Holder s receipt of the Deposit (the "OPENING OF ESCROW"), Escrow Holder shall deposit the same in a federally insured non-interest-bearing account.
Sample 1
Immediately upon Escrow Holder s receipt of the Deposit (the "OPENING OF ESCROW"), Escrow Holder shall invest the same in a federally insured interest-bearing account acceptable to Seller and Buyer, with all interest accruing thereon credited to the Purchase Price. For purposes of this Agreement, any interest accruing on the Deposit from time to time shall be deemed part of the Deposit.
Sample 1
Immediately upon Escrow Holder s receipt of the Deposit (the "Opening of Escrow"), Escrow Holder shall invest the same in a federally insured interest-bearing account acceptable to Seller and Buyer; all interest accruing on the Deposit from time to time shall be deemed part of the Deposit. Upon expiration of the Due Diligence Period, if Buyer has not previously accepted the Property and approved this Agreement by its terms, then the Deposit shall be immediately released to Buyer. Escrow Holder is hereby directed to remit the Deposit to Buyer without further instruction from Buyer or Seller.
Sample 1
Immediately upon Escrow Holder s receipt of the Deposit (the "Opening of Escrow"), Escrow Holder shall invest the same in a federally insured interest-bearing account acceptable to Seller and Buyer, with all interest accruing thereon credited to the Purchase Price. Upon the expiration of the Contingency Period (as defined in Paragraph 4), the Deposit and all interest accrued thereon shall become nonrefundable to - Buyer except as provided in Paragraph 3(c), and shall be applied to the Purchase ---- Price at the Close of Escrow (as defined in Paragraph 6), unless Buyer shall - have previously terminated this Agreement pursuant to the terms hereof. All references herein to the Deposit shall include all interest thereon.
Sample 1

Related to Immediately upon Escrow Holder

  • Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.

  • Escrow End Date has the meaning set forth in the Escrow Agreement.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Investment Start Date : means 8 July 2022 or if such day is not a Scheduled Trading Day, the following day which is a Scheduled Trading Day.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Adjustment Escrow Funds means the amounts held in the Adjustment Escrow Account, including any dividends, interest, distributions and other income received in respect thereof, less any losses on investments thereof, less distributions thereof in accordance with this Agreement and the Escrow Agreement.

  • Purchase Price Adjustment Escrow Amount means $3,000,000.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Early Repurchase Date shall have the meaning specified in Section 3(d) of this Agreement.

  • Rollover Notification Date shall be defined as set forth in the Prospectus under "Summary of Essential Information."

  • Repurchase Date has the meaning specified in Section 14.1.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Repurchase Price means, with respect to any Loan the Book Value, adjusted to reflect changes to Book Value after Bank Closing, plus (i) any advances and interest on such Loan after Bank Closing, minus (ii) the total of amounts received by the Assuming Bank for such Loan, regardless of how applied, after Bank Closing, plus (iii) advances made by Assuming Bank, plus (iv) total disbursements of principal made by Receiver that are not included in the Book Value.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Escrow Receipt Means the receipt substantially in the form annexed to the Escrow Agreement representing a fractional undivided interest in the funds held in escrow thereunder.

  • VWAP Purchase Share Estimate means the number of shares of Common Stock that the Company has in its sole discretion irrevocably instructed its Transfer Agent to issue to the Buyer via the Depository Trust Company (“DTC”) Fast Automated Securities Transfer Program in connection with a VWAP Purchase Notice pursuant to Section 1(c) hereof and issued to the Buyer’s or its designee’s balance account with DTC through its Deposit Withdrawal At Custodian (DWAC) system on the VWAP Purchase Date (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).