Common use of Amount and Timing Clause in Contracts

Amount and Timing. Within two (2) Business Days after the Effective Date, Purchaser shall deliver the Exxxxxx Money, in Current Funds, to the Title Company. Seller agrees that the Exxxxxx Money shall be refundable at any time prior to expiration of the Inspection Period if Purchaser elects to terminate this Agreement pursuant to Section 5.3(c) hereof for any reason as determined in Purchaser’s sole and absolute discretion. After the expiration of the Inspection Period, the Exxxxxx Money shall be payable to either Purchaser or Seller in accordance with this Agreement. If Purchaser fails to deposit the Exxxxxx Money with the Title Company on or before two (2) Business Days after the Effective Date, this Agreement and the Other Purchase and Sale Agreements shall be of no force or effect, and neither Seller nor Purchaser shall have any further obligations hereunder or under the Other Purchase and Sale Agreements, except for provisions of this Agreement and the Other Purchase and Sale Agreements which expressly survive the termination hereof and thereof. The Title Company shall invest the Exxxxxx Money promptly upon receipt in government insured interest-bearing accounts satisfactory to and as directed by Purchaser, shall not commingle the Exxxxxx Money with any funds of the Title Company or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account.

Amount and Timing. Within two (2) Business Days after the Effective Date, Purchaser shall deliver the Exxxxxx Money, in Current Funds, to the Title Company. Seller agrees The Sellers agree that the Exxxxxx Money shall be refundable at any time prior to expiration of the Inspection Period if Purchaser elects to terminate this Agreement pursuant to Section 5.3(c) hereof for any reason as determined in Purchaser’s sole and absolute discretion. After the expiration of the Inspection Period, the Exxxxxx Money shall be payable to either Purchaser or Seller Sellers in accordance with this Agreement. If Purchaser fails to deposit the Exxxxxx Money with the Title Company on or before two (2) Business Days after the Effective Date, this Agreement and the Other Purchase and Sale Agreements shall be of no force or effect, and neither Seller the Sellers nor Purchaser shall have any further obligations hereunder or under the Other Purchase and Sale Agreements, except for provisions of this Agreement and the Other Purchase and Sale Agreements which expressly survive the termination hereof and thereof. The Title Company shall invest the Exxxxxx Money promptly upon receipt in government insured interest-bearing accounts satisfactory to and as directed by Purchaser, shall not commingle the Exxxxxx Money with any funds of the Title Company or others, and shall promptly provide Purchaser and Seller the Sellers with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account.

Amount and Timing. Within two (2) Business Days after the Effective Date, Purchaser shall deliver the Exxxxxx Money, in Current Funds, to the Title Company. Seller agrees that the Exxxxxx Money shall be refundable at any time prior to expiration of the Inspection Period if Purchaser elects to terminate this Agreement pursuant to Section 5.3(c) hereof for any reason as determined in Purchaser’s sole and absolute discretion. After the expiration of the Inspection Period, the Exxxxxx Money shall be payable to either Purchaser or Seller Sellers in accordance with this Agreement. If Purchaser fails to deposit the Exxxxxx Money with the Title Company on or before two (2) Business Days after the Effective Date, this Agreement and the Other Purchase and Sale Agreements shall be of no force or effect, and neither Seller the Sellers nor Purchaser shall have any further obligations hereunder or under the Other Purchase and Sale Agreements, except for provisions of this Agreement and the Other Purchase and Sale Agreements which expressly survive the termination hereof and thereof. The Title Company shall invest the Exxxxxx Money promptly upon receipt in government insured interest-bearing accounts satisfactory to and as directed by Purchaser, shall not commingle the Exxxxxx Money with any funds of the Title Company or others, and shall promptly provide Purchaser and Seller the Sellers with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account.