Examples of Initial Xxxxxxx Money in a sentence
Initial Xxxxxxx Money of $ shall be tendered to Escrowee on or before 2 business days after Date of acceptance for the mutual benefit of the parties, and shall be disbursed according to the terms of this Contract.
Purchaser’s failure to pay either the Initial Xxxxxxx Money or the Second Deposit on the applicable date shall constitute a material default by Purchaser under Section 14 below.
Initial Xxxxxxx Money of $ shall be tendered to Escrowee on or before 2 days after Date of acceptance for the mutual benefit of the parties, and shall be disbursed according to the terms of this Contract.
Purchaser shall be liable for payment of both the Initial Xxxxxxx Money and Additional Xxxxxxx Money if not previously paid.
The Initial Xxxxxxx Money shall be increased to (strike one) 10% of the Purchase Price OR % [percent] 26 of the Purchase Price ("Final Xxxxxxx Money") within business days after the expiration of the Attorney Approval Period (as established 27 in Paragraph 13 of this Contract) (the Initial and Final Xxxxxxx Money are together referred to as the "Xxxxxxx Money").