Xxxxxxx Money. After acceptance by all Parties, the Buyer agrees to make a payment in the amount of $ as consideration by , 20 at : ☐ AM ☐ PM (“Xxxxxxx Money”). The Xxxxxxx Money shall be applied to the Purchase Price at Closing and subject to the Buyer’s ability to perform under the terms of this Agreement. Any Xxxxxxx Money accepted ☐ is ☐ is not required to be placed in a separate trust or escrow account in accordance with State law.
Xxxxxxx Money. Seller authorizes the Agency to handle Xxxxx’s funds and deposit in an escrow account in accordance with State law (“Xxxxxxx Money”). Agency is authorized to act as a third (3rd) party when accepting or holding, on the Seller’s behalf, deposits made on behalf of a prospective Buyer. In the event a counteroffer is not accepted, the Xxxxxxx Money shall be returned to the Buyer without a signed release. If a purchase contract is signed and accepted by the Buyer and Seller without a closing or transfer and recording of the deed, a separate mutual release signed by the Buyer and Seller will be required before the Xxxxxxx Money is disbursed. In the event of a disagreement by either the Buyer or Seller in regard to the release of Xxxxxxx Money, the Agency must withhold its release until there is mutual agreement or an order has been administered of proper jurisdiction.
Xxxxxxx Money. Within two (2) Business Days after the date of this Agreement, the Buyer shall deposit with Escrow Agent an aggregate amount under this Agreement and the Other PSAs equal to $150,000,000 (“Xxxxxxx Money”). The Xxxxxxx Money shall be in the form of either (a) immediately available funds by wire transfer to an account at the Escrow Agent’s office as Escrow Agent shall designate to the Buyer or (b) in the form of a letter of credit reasonably acceptable to Sellers and issued by such issuing bank as is reasonably approved by Sellers naming Duke Realty Limited Partnership as beneficiary and having a face amount equal to the Xxxxxxx Money. To the extent the Xxxxxxx Money is in the form of immediately available funds by wire transfer, upon delivery of such Xxxxxxx Money by the Buyer to Escrow Agent the Xxxxxxx Money will be deposited by Escrow Agent in an interest-bearing account with the Escrow Agent acceptable to the Buyer and the Sellers and shall be held in escrow in accordance with the provisions of Section 14.5. All interest earned on the Xxxxxxx Money while held by Escrow Agent shall be paid to the party to whom the Xxxxxxx Money is paid, except that if the Closing occurs, the Buyer shall receive a credit for such interest in accordance with Section 2.2(b). At the Closing and each Other PSA Closing, a pro rata portion of the Xxxxxxx Money and any interest earned thereon shall be applied to the Cash Consideration Amount to be paid at the Closing pursuant to this Agreement and each Other PSA (unless such Xxxxxxx Money is in the form of a letter of credit in which case the Xxxxxxx Money shall not be so applied and the Escrow Agent shall return the undrawn letter of credit to the Buyer and Buyer shall deliver to the Escrow Agent a replacement letter of credit, in the same form and issued by the same issuing bank, having a face amount equal to the face amount of the last letter of credit so delivered less the applicable pro rata portion of the Xxxxxxx Money released at the Closing (“Replacement Letter of Credit”) promptly upon the Closing); provided, however, that in all events at least the greater of (x) $25,000,000 and (y) ten percent (10%) of the aggregate Allocated Asset Value of the sum of (A) the remaining “Deferred Assets” under the Master PSA and (B) the “Transferred Assets” under this Agreement and each Other PSA, shall be reserved for application to the Cash Consideration Amount payable pursuant to this Agreement or each applicable Other PSA at the ti...
Xxxxxxx Money. Buyer agrees to and does hereby deposit with Security 1st Title the sum of $25,000 xxxxxxx money, as a guarantee that the terms and conditions of this agreement shall be fulfilled, said deposit to be applied on the purchase price upon delivery of deed by Seller. In the event Buyer shall fail to fulfill his obligations hereunder, Seller may, at his option cancel this agreement, and thereupon the aforementioned deposit shall become the property of Seller and his Agent, not as a penalty but as liquidated damages. Notwithstanding any of the other terms of this Agreement providing for the forfeiture or refund of the xxxxxxx money deposit, the parties understand that applicable Kansas real estate laws prohibit the escrow agent from distributing the xxxxxxx money, once deposited, without the consent of all parties to this Agreement or court order.
Xxxxxxx Money. Within two (2) Business Days following the execution of this Agreement, Purchaser will deposit with Chicago Title Insurance Company (the “Escrow Agent” or “Title Company”), having its office at 0000 Xxxxxxx Xxxxxxxx Xxxx, Xxxxx 000, Xxxxxxx, Xxxxxxx Attention: Xxxx Xxxxxxxxx, the sum of Two Hundred Fifty Thousand Dollars ($250,000) (the “First Deposit”) in good funds, either by certified bank or cashier’s check or by federal wire transfer. If Purchaser does not exercise the right to terminate this Agreement in accordance with Section 2.3 or Section 3.2 hereof, Purchaser shall, on or before the last day of the Inspection Period (as such term is defined in Section 3.1 hereof), deposit with the Escrow Agent the additional sum of Two Hundred Thousand Dollars ($200,000) (the “Second Deposit”) in good funds, either by certified bank or cashier’s check or by federal wire transfer as an additional deposit under this Agreement. The Escrow Agent shall hold the First Deposit and the Second Deposit in an interest-bearing account in accordance with the terms and conditions of an escrow agreement entered into among Seller, Purchaser and Escrow Agent simultaneously with the execution of this Agreement. The First Deposit and the Second Deposit, together with all interest earned on such sums, are herein referred to collectively as the “Xxxxxxx Money.” All interest accruing on such sums shall become a part of the Xxxxxxx Money and shall be distributed as Xxxxxxx Money in accordance with the terms of this Agreement. Upon the expiration of the Inspection Period, the Xxxxxxx Money shall be non-refundable to Purchaser except as expressly set forth in this Agreement. If Purchaser fails to deliver the Second Deposit to the Escrow Agent within the period specified above, this Agreement shall, at the option of Seller, terminate automatically. Upon such termination Escrow Agent shall deliver the Xxxxxxx Money to Seller promptly thereafter and neither party shall have any further rights, obligations or liabilities hereunder except to the extent that any right, obligation or liability set forth herein expressly survives termination of this Agreement. Time is of the essence for the delivery of Xxxxxxx Money under this Agreement.
Xxxxxxx Money. Concurrently with Xxxxx’s execution of this Agreement Xxxxx has delivered to Seller a check(s) payable to Ness Bros. Realtors & Auctioneers in the amount of ($ ) (as hereinafter defined (the “Xxxxxxx Money”). Seller hereby acknowledges receipt of the Xxxxxxx Money.
Xxxxxxx Money. Buyer(s) immediately upon conclusion of the bidding will deposit with XXXXXX AUCTION & REALTY, LLC, of Knoxville, Tennessee, hereinafter called "Agent", the sum of $ , as xxxxxxx money to guarantee the performance by Xxxxx(s) hereunder and which will be applied as partial payment of purchase price. Both parties agree that Agent shall deposit and hold Xxxxxxx Money in an escrow account and will be disbursed pursuant to the terms of this contract. IF buyer has purchased online, Xxxxxxx Money payment is to be made within 48 hours of sale conclusion.
Xxxxxxx Money. The Xxxxxxx Money set forth in this section, in the form of , will be 100 payable to and held by (Xxxxxxx Money Holder), in its trust account, on behalf of both 101 Seller and Buyer. The Xxxxxxx Money deposit must be tendered, by Buyer, with this Contract unless the parties mutually agree to 102 an Alternative Xxxxxxx Money Deadline (§ 3) for its payment. The parties authorize delivery of the Xxxxxxx Money deposit to the 103 company conducting the Closing (Closing Company), if any, at or before Closing. In the event Xxxxxxx Money Holder has agreed 104 to have interest on Xxxxxxx Money deposits transferred to a fund established for the purpose of providing affordable housing to 105 Colorado residents, Seller and Buyer acknowledge and agree that any interest accruing on the Xxxxxxx Money deposited with the 106 Xxxxxxx Money Holder in this transaction will be transferred to such fund.
Xxxxxxx Money. Upon the agreement of the Parties and the execution of this Agreement, the Buyer shall make a payment of $ as “Xxxxxxx Money.” The Xxxxxxx money shall be paid on or before . Such Xxxxxxx Money shall form part of the Purchase Price.
Xxxxxxx Money. The parties agree that no xxxxxxx money shall be paid to the Seller to secure Xxxxx’s performance of this Agreement.
