Cash Due at Closing Sample Clauses

Cash Due at Closing. The bid price less the Xxxxxxx Money Deposit plus all initial deposits to escrow and/or reserve accounts HUD may require less any prorations and any outstanding encumbrance that survived the Foreclosure Sale. Funds shall be paid in the form of a money order, certified funds or a cashier’s check made payable to: The U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Cash Due at Closing. On the Closing Date, the Buyer shall pay to the Sellers the sum of Fifteen Million Dollars ($ 15,000,000.00), less the good faith deposit of Two Hundred and Fifty Thousand Dollars ($250,000.00) previously paid by Buyer to the Sellers, by means of a cashiers check or wire transfer to the trust account of the Sellers' attorney in this transaction who shall distribute the remaining cash amount to the Sellers in accordance with their pro rata ownership of the Shares set forth on Schedule 3; provided, however, that the amount payable to the Sellers pursuant to this Section 4.2 shall be net of commissions payable upon Closing to GVC Financial Services, LLC ("GVC").
Sample 1
Cash Due at Closing. Cash due at Closing is the bid price less the Xxxxxxx Money Deposit received, plus any outstanding encumbrance amount that survived foreclosure and/or any pro-rations (see Paragraph 3 below.) All initial deposits to escrows and/or reserve accounts, if applicable, must be made at Closing.
Sample 1
Cash Due at Closing. At the “Close of Escrow” (as hereinafter defined), BUYER shall deliver the Purchase Price to STATE in the following manner:
Sample 1
Cash Due at Closing. Buyer shall pay the following:
Sample 1
Cash Due at Closing. After crediting the Buyer for the SEVEN MILLION DOLLARS ($7,000,000.00) paid by the Buyer as the Deposit (as amended hereby) and the THREE MILLION DOLLARS ($3,000,000.00) paid by the Buyer as the Option Payment, the amount of the Purchase Price (as reduced hereby) due at the Closing shall be EIGHTY-ONE MILLION, FIVE HUNDRED THOUSAND DOLLARS ($81,500,000.00), subject to any and all further adjustments to be made at the Closing in accordance with the Agreement and Section 2 above.
Sample 1
Cash Due at Closing. At Closing, the Approved High Bidder will pay all Cash Due at Closing. Cash Due at Closing is the bid price less the Xxxxxxx Money Deposit received, less any prorations, plus all initial deposits to escrows and/or reserve accounts, if applicable. Any outstanding encumbrance amount that survives the Foreclosure Sale is also due.
Sample 1
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Related to Cash Due at Closing

  • Cash at Closing At Closing, Purchaser shall pay to Seller, by wire transferred current federal funds, an amount equal to the Purchase Price, minus the sum of the Xxxxxxx Money which Seller receives at Closing from the Escrowee, and plus or minus, as the case may require, the closing prorations and adjustments to be made pursuant to Section 4(C) below.

  • Payment at Closing The Borrower shall have paid (A) to the Administrative Agent, the Arrangers and the Lenders the fees set forth or referenced in Section 4.3 and any other accrued and unpaid fees or commissions due hereunder, (B) all reasonable fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent accrued and unpaid prior to or on the Closing Date, plus such additional amounts of such reasonable fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent) and (C) to any other Person such amount as may be due thereto in connection with the transactions contemplated hereby, including all taxes, fees and other charges in connection with the execution, delivery, recording, filing and registration of any of the Loan Documents.

  • Funds at Closing Buyer and Seller agree that before the recording can take place, funds provided shall be in one (1) of the following forms: cash, interbank electronic transfer, money order, certified check or cashier’s check drawn on a financial institution located in the State, or any above combination that permits the Seller to convert the deposit to cash no later than the next business day.

  • Payments at Closing At the Closing, Buyer shall:

  • Post-Closing Payments (a) On the first anniversary of the Closing Date, Buyer will pay to Seller or, to the extent designated by Seller in writing and in accordance with Section 3.11, to the Members in accordance with their respective Pro Rata Percentages, the remaining 33.33% of the Closing Cash Consideration, as finally determined in accordance with Section 3.4 (the “Deferred Cash Payment”), via wire transfer to the Seller’s Bank Account or the Member Bank Accounts, as applicable.

  • Transactions at Closing At the Closing, subject to the terms and conditions hereof:

  • Actions at Closing At the Closing, the following actions will take place:

  • 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.”

  • Documents at Closing At the Closing, the following documents shall be delivered:

  • Unused Escrow Funds In the event that a Closing does not occur when required under the Contract, or in the event that the Closing does occur but Escrow Funds remain in an account with Escrow Agent, the Escrow Agent shall notify OPWC in writing promptly thereafter. After receipt of such notice, OPWC shall deliver written instructions to Escrow Agent directing Escrow Agent’s release of the Escrow Funds. Immediately upon Escrow Agent’s receipt of such notice from OPWC, Escrow Agent shall release the Escrow Funds, or balance thereof, in accordance with OPWC’s written instructions.

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