Additional Escrow Deposit Sample Clauses

Additional Escrow Deposit. The parties hereto agree that Buyer shall deliver the Additional Escrow Deposit to Escrow Holder within two (2) business days following the complete execution and delivery of this First Amendment. Notwithstanding anything to the contrary contained in the Purchase Agreement, the Additional Escrow Deposit shall not be an uncashed check of Buyer but shall be made by bank or cashier's check drawn on a major national money center banking institution (or by other delivery of good funds reasonably acceptable to Seller), the proceeds of which shall be held by Escrow Holder as part of the Escrow Deposit under the Purchase Agreement.

Additional Escrow Deposit. Within three (3) business days following the execution of this Amendment by both Purchaser and Seller, Purchaser shall deposit the sum of $10,000.00 with the Title Company as an additional escrow deposit ("Additional Escrow Deposit"), which Additional Escrow Deposit (together with the Escrow Deposit previously delivered by Purchaser in connection with this Agreement) shall be applied to the Purchase Price at Closing. Upon the Title Company's receipt of the Additional Escrow Deposit from Purchaser, such amount shall immediately become non-refundable to Purchaser, except in the event of Seller's default under the Agreement or the failure of the conditions set forth in Article VII of the Agreement to be satisfied and/or waived by Purchaser.

Additional Escrow Deposit. Upon Purchaser’s execution of this Contract, Purchaser shall deposit with the Title Company an additional sum in the amount of Dollars ($ [Insert amount that is 4% of Purchase Price]) (the “Additional Escrow Deposit”). The Initial Escrow Deposit and the Additional Escrow Deposit shall be referred to herein collectively as the “Escrow Deposit”. In the event that Purchaser fails to deposit the Additional Escrow Deposit with the Title Company as and when required above, then such failure shall constitute a default by Purchaser for the purposes of Paragraph 17.b below. The Title Company shall deposit the Escrow Deposit in one or more interest bearing accounts with a bank or other financial institution reasonably acceptable to Purchaser and Seller. Interest earned on the Escrow Deposit shall be added to and become part of the Escrow Deposit. The Escrow Deposit shall be paid to Seller at the Closing (as defined herein) as a part of the payment of the Purchase Price or, if the Closing does not occur, shall be otherwise disbursed in accordance with this Contract.‌

Additional Escrow Deposit. In the event that the Raices Release has not been obtained by the Initial Distribution Date, then upon the transfer of title to the properties describe as House No. 3 and House No. 7 located on the facilities of Dina and the Company in Sahagun Mexico (collectively, the "Propertie▇") to the Company or an ▇▇▇▇▇▇ate of the Company, free and clear of any and all liens, mortgages and other encumbrances, the Company shall deliver to the Escrow Agent, cash in the amount of $180,0000 ("Additional Deposit"), by wire transfer of immediately available funds, which Additional Deposit shall constitute part of the Settlement Escrow. If the Raices Release has been obtained, the Additional Deposit shall be paid to Dina by wire transfer of immediately available funds upon the transf▇▇ ▇f title to the Properties to the Company or an affiliate of the Company, free and clear of any and all liens, mortgages and other encumbrances.