Initial Xxxxxxx Money definition

Initial Xxxxxxx Money means the sum of One Hundred Thousand and No/100 Dollars ($100,000.00 U.S.).
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Initial Xxxxxxx Money. Shall have the meaning given to it in Section 3.01(a).
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Initial Xxxxxxx Money means the sum of Three Hundred Thousand and No/100 Dollars ($300,000 U.S.).
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Examples of Initial Xxxxxxx Money in a sentence

  • TIME IS OF THE ESSENCE with respect to the deposit of the Initial Xxxxxxx Money Deposit.

  • In the event this Agreement is terminated by Purchaser prior to the expiration of the Evaluation Period, then the Initial Xxxxxxx Money Deposit, together with all interest earned thereon, shall be refunded to Purchaser.

  • If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Initial Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer.

  • The Initial Xxxxxxx Money Deposit, the Additional Deposit (as defined below in this Section 4.2), and the Evaluation Period Extension Deposit (as hereinafter defined in Section 5.1(b)) shall be held in escrow by the Escrow Agent in an interest-bearing account, in accordance with the provisions of Article XVII.

  • If Purchaser so elects to terminate this Agreement pursuant to this Section 3.6, Escrow Agent shall pay the Initial Xxxxxxx Money to Purchaser, whereupon, except for those provisions of this Agreement which by their express terms survive the termination of this Agreement, no party hereto shall have any other or further rights or obligations under this Agreement.


More Definitions of Initial Xxxxxxx Money

Initial Xxxxxxx Money means cash in the amount of Four Hundred Fifty-Four Thousand Fifty-Four and 05/100 Dollars ($454,054.05).
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Initial Xxxxxxx Money means the sum of Two Hundred Ten Thousand and No/100 Dollars ($210,000.00 U.S.).
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Initial Xxxxxxx Money means the sum of Fifteen Thousand and No/100 Dollars ($15,000.00 U.S.) actually paid by Purchaser (or which Purchaser is obligated to pay) to Escrow Agent hereunder, together with all interest which accrues thereon as provided in Section 2.3(c) hereof.
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Initial Xxxxxxx Money shall have the meaning assigned thereto in Section 2.2(a)(i).
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Initial Xxxxxxx Money means the sum of Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00), to be paid by Purchaser to Escrow Agent in accordance with Section 2.3 of this Agreement.
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Initial Xxxxxxx Money means Dollars.
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Initial Xxxxxxx Money in the amount of ONE MILLION and NO/100 DOLLARS ($1,000,000.00) and (ii) “Additional Xxxxxxx Money” in the amount of TWO MILLION and No/100 Dollars ($2,000,000.00). The Initial Xxxxxxx Money shall be delivered to Escrow Agent within three (3) business days after the Effective Date. The Additional Xxxxxxx Money shall be delivered to Escrow Agent within three (3) business days after the expiration of the Due Diligence Period. The Xxxxxxx Money shall be deposited by Buyer in escrow with Escrow Agent, to be applied as part payment of the Purchase Price at the time the sale is closed, or disbursed as agreed upon in accordance with the terms of this Agreement. PSA – Xxxxxxx Xxxxx – 1300, 1350, and 0000 Xxxxxxxx Xxxxxxxxx, Xxxxxxxx Xxxxxxxx, XX
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