ADDITIONAL XXXXXXX MONEY DEPOSIT. If the REPC has not been previously canceled by Buyer as provided in Sections 8.1, 8.2 or 8.3, as applicable, then no later than the Due Diligence Deadline, or the Financing & Appraisal Deadline, whichever is later, Buyer: [ ] WILL [ ] WILL NOT deliver to the Buyer’s Brokerage, an Additional Xxxxxxx Money Deposit in the amount of $ . The Xxxxxxx Money Deposit and the Additional Xxxxxxx Money Deposit, if applicable, are sometimes referred to herein as the “Deposits”. The Xxxxxxx Money Deposit, or Deposits, if applicable, shall be credited toward the Purchase Price at Closing.
ADDITIONAL XXXXXXX MONEY DEPOSIT. If the REPC has not been previously canceled by Buyer as provided in Sections 8.1, 8.2 or 8.3(a), then no later than the Due Diligence Deadline referenced in Section 24(b), or the Financing & Appraisal Deadline referenced in Section 24(c), whichever is later, Buyer: [ ] WILL [ ] WILL NOT deliver to the Buyer’s Brokerage, an Additional Xxxxxxx Money Deposit in the amount of $ . The Xxxxxxx Money Deposit and the Additional Xxxxxxx Money Deposit, if applicable, are sometimes referred to herein as the “Deposits”. The Xxxxxxx Money Deposit, or Deposits, if applicable, shall be credited toward the Purchase Price at Closing.
ADDITIONAL XXXXXXX MONEY DEPOSIT. Within five (5) days following written notice to Purchaser that Seller has completed the structural framing of the building comprising the Project, Purchaser shall pay to the Title Company an additional sum equal to five percent (5%) of the Purchase Price (such additional sum, the “Second Deposit”) so that the Initial Xxxxxxx Money and the Second Deposit together equal fifteen percent (15%) of the Purchase Price (the Initial Xxxxxxx Money and the Second Deposit are referred to collectively herein as the “Xxxxxxx Money Deposit”). Purchaser understands and agrees that the Second Deposit is being paid to the Title Company for tracking purposes only and that the Second Deposit shall not be held in escrow by the Title Company but shall, following the Title Company’s receipt of each such deposit and without the necessity of any further action by the parties, be released to Seller for the direct benefit of the Project as described in Section 4.c below. 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. The Xxxxxxx Money Deposit shall be consideration for Seller reserving the Unit for Purchaser, and Seller agreeing not to sell the Unit to anyone other than Purchaser prior to the date set for Closing in Section 10 below.
ADDITIONAL XXXXXXX MONEY DEPOSIT. The third sentence of Section 1.1 of the Purchase Agreement is hereby deleted and replaced with the following: “In the event that Buyer does not terminate this Agreement pursuant to the terms of Section 2.5.3, On or prior to January 11, 2018 Buyer shall deliver the additional sum of SIX HUNDRED EIGHTY-FIVE THOUSAND DOLLARS AND NO CENTS ($685,000.00) in immediately available funds (the "Additional Xxxxxxx Money Deposit") to Escrow Agent and the transaction contemplated by this Agreement shall proceed in accordance with the terms hereof.”
ADDITIONAL XXXXXXX MONEY DEPOSIT. On or before the date falling twenty (20) days after the Effective Date, Purchaser shall pay to the Title Company an additional sum equal to $ (such additional sum, the “Second Deposit”) so that the Initial Xxxxxxx Money and the Second Deposit together equal twenty percent (20%) of the Purchase Price (the Initial Xxxxxxx Money and the Second Deposit are referred to collectively herein as the "Xxxxxxx Money Deposit”). Purchaser understands and agrees that the Second Deposit is being paid to the Title Company for tracking purposes only and that such deposit shall not be held in escrow by the Title Company but shall, following the Title Company’s receipt of the Second Deposit and without the necessity of any further action by the parties, be released to Seller and may be disbursed by Seller for the direct benefit of the Project as described in Section 4.c below. Purchaser's failure to timely pay the Second Deposit as described in this Section 4.b shall constitute a material default by Purchaser under Section 14 below. The Xxxxxxx Money Deposit shall be consideration for Seller reserving the Unit for Purchaser, and Seller agreeing not to sell the Unit to anyone other than Purchaser prior to the date set for Closing in Section 10 below. .
ADDITIONAL XXXXXXX MONEY DEPOSIT. Purchaser shall deliver the Additional Xxxxxxx Money Deposit in the amount of One Hundred Fifty Thousand Dollars ($150,000.00) to Escrow Agent within two (2) business days of full execution of this Amendment.
ADDITIONAL XXXXXXX MONEY DEPOSIT. In consideration of Seller's execution of this Amendment, Buyer shall deposit Fifty Thousand and 00/100 Dollars ($50,000.00) with the Title Company within one (1) business day after execution of this Amendment, which shall be considered part of the Deposit and shall be nonrefundable to Buyer, except as the Deposit is refundable as expressly provided in the Agreement and shall be applicable to the Purchase Price at Closing.
ADDITIONAL XXXXXXX MONEY DEPOSIT. No later than two (2) Business Days immediately following the end of the Due Diligence Period, unless this Agreement terminates in accordance with Section 5.2 below, Developer shall deposit an additional One Hundred Thousand Dollars ($100,000.00) by certified or cashier’s check or immediately available federal funds with the Escrow Agent (the “Additional Xxxxxxx Money Deposit’). If Developer fails to timely deliver the Additional Xxxxxxx Money Deposit to the Escrow Agent, Developer shall be deemed to have elected to terminate this Agreement at the end of the Due Diligence Period as set forth in Section 5.2(e) below and, except for City’s Surviving Obligations and Developer’s Surviving Obligations, City and Developer shall have no further obligations or liabilities to each other hereunder.
ADDITIONAL XXXXXXX MONEY DEPOSIT. Within two (2) business days after the Amendment Date Buyer shall deposit with Escrow Holder an additional xxxxxxx money deposit in the amount of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00). Said additional xxxxxxx money deposit, together with all interest accrued thereon, shall constitute part of the Deposit, as defined in Section 2.1 of the Agreement, and shall be held and distributed by Escrow Holder as provided therein. Upon its execution of this Amendment, Escrow Holder agrees to provide Buyer and Seller written notice of the same, which notice shall include a copy of the signature pages hereof. Said notice is to be given by facsimile pursuant to Section 14 of the Agreement.
ADDITIONAL XXXXXXX MONEY DEPOSIT. As consideration for the additional extension of the Inspection Period, Purchaser hereby agrees that if, as and when this Amendment is fully executed, Purchaser shall, by Friday, June 11, 2004, deposit an additional sum of Seventy Five Thousand and No/100s Dollars ($75,000.00) (the "Extension Deposit") with the Title Company. The Extension Deposit shall become part of the original Xxxxxxx Money deposit, and shall be fully refundable until the expiration of the Inspection Period. In the event the Extension Deposit is not made by 5:00 p.m. (C.S.T.), on Friday, June 11, 2004, Purchaser shall be in default of the Contract, and shall forfeit the $25,000.00 Xxxxxxx Money Deposit made pursuant to the Contract.
