Xxxxxxx Money Deposit. (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. 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 Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.”
Xxxxxxx Money Deposit. (a) One Million Five Hundred Fifty Thousand Dollars ($1,550,000) of the consideration to be received by Seller (the "Deposit") shall be delivered by Buyer to the Escrow Bank within five (5) days after the satisfaction of the condition precedent in Section 10.5(c). The Deposit shall be held, invested and applied in accordance with the terms of this Agreement and the Escrow Agreement. The Deposit shall be invested in such interest bearing accounts, short-term obligations of the United States, prime commercial paper, commercial acceptances or bank certificates of deposit as from time to time directed by Buyer in its sole discretion upon written instructions delivered by Buyer to the Escrow Bank, provided that all such investments shall mature on or prior to the Closing Date so that the funds represented thereby will be available on the Closing Date without penalties for early withdrawals. All interest accrued on the Deposit shall be for the account of Buyer. Interest accrued with respect to any investment of the Deposit having a maturity date prior to the Closing Date shall be added to the Deposit and reinvested as Buyer shall direct. The Deposit, together with all interest accrued thereon to the Closing Date, shall be paid to Buyer as Buyer and Seller shall direct by joint written instructions delivered to the Escrow Bank if the transaction contemplated by this Agreement is not consummated due to any reason other than the default of Buyer in performance of its obligations under this Agreement, or such earlier date as Buyer and Seller shall deliver to the Escrow Bank joint written instructions that this Agreement has been validly terminated. If the transactions contemplated by this Agreement are not consummated due solely to Buyer's failure or refusal to perform its obligations set forth in Section 12.3 after all of the conditions specified in Article 10 have been satisfied or waived, and Seller has performed or stands ready to perform its obligations set forth in Section 12.2, Seller shall, as its sole and exclusive remedy against Buyer, immediately draw upon the Deposit hereunder as liquidated damages, which amount the parties to this Agreement agree is reasonable and fair compensation for the foreseeable losses that might result from such breach considering all of the circumstances existing on the date of this Agreement, including the relationship of the Deposit to the range of harm to Seller that can be reasonably anticipated, and in recognition that proo...
Xxxxxxx Money Deposit. A $5,000 non-refundable deposit will be wire transferred or hand delivered in the form of certified funds to United Country | Blue Ridge Land and Auction no later than 48 hours following the close of auction. See closing agents contact information below. The balance of the purchase price will be due in full at closing.
Xxxxxxx Money Deposit. Under certain conditions described in the REPC, this deposit may become totally non- refundable. $ (b) Additional Xxxxxxx Money Deposit (see Section 8.4 if applicable)
Xxxxxxx Money Deposit. Immediately upon the execution of this Sale Contract, Buyer will pay ten percent (10.00%) of the Total Contract Price for the Property as the Xxxxxxx Money Deposit to Escrow Agent to be held on deposit by Escrow Agent in a designated bank escrow account, insured by Federal Deposit Insurance Corporation, and Escrow Agent will administer the funds in accordance with this Sale Contract. This escrow account will be non-interest bearing, unless otherwise required by law. The parties agree Escrow Agent will be relieved of all liability and held harmless by them so long as Escrow Agent holds the Xxxxxxx Money Deposit and makes any disbursement from it in accordance with this Sale Contract and the Escrow Agreement previously executed by Escrow Agent with Seller and Auctioneer. In the event of any controversy regarding the Xxxxxxx Money Deposit, Escrow Agent will not be required to take any action, but may await the result of any proceeding, or at Escrow Agent’s discretion, interplead the Xxxxxxx Money Deposit into a court of competent jurisdiction for determination, and Escrow Agent will thereafter have no liability whatsoever on any basis and for any amount with regards to the Xxxxxxx Money Deposit and this Sale Contract.
Xxxxxxx Money Deposit. 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 Utah law. The Xxxxxxx Money shall be held by ____________________ (“Escrow Agent”).
Xxxxxxx Money Deposit. 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 Delaware law. The Xxxxxxx Money shall be held by (“Escrow Agent”).
Xxxxxxx Money Deposit. Prior to the expiration of the Review Period, the Initial Deposit, together with interest earned thereon shall be fully refundable in accordance with the procedures set forth in Section 3.6 below. From and after the expiration of the Review Period, the Initial Deposit and the Additional Deposit (collectively, the “Xxxxxxx Money Deposit”) shall apply to the Purchase Price and shall be nonrefundable to Buyer; provided, however, that if:
Xxxxxxx Money Deposit. $ (if blank, then 5% of the Purchase Price, but no less than $2,500).
Xxxxxxx Money Deposit. Xxxxxxx Money in the amount of ($ ) DOLLARS Cash Check , unless otherwise noted herein, shall be deposited into the trust account of the listing selling broker on the next legal banking day after acceptance of this offer. Other xxxxxxx money provisions:
