Closing Deposit. The Purchase Price less the Initial Deposit ("Closing Deposit"), shall be paid by Buyer to Escrow Agent, in the form of Cash, pursuant to Section 7.1 hereof, and distributed by Escrow Agent to Seller on the Closing in accordance with the provisions of Section 12.1(c) hereof.
Closing Deposit. Within five (5) Business Days after the execution of this Agreement, the Purchaser shall pay to the Company a Closing Deposit of $2 million by wire transfer to a bank escrow account designated by the Company (the “Closing Deposit”) for the benefit of the Company and the Purchaser (the “Escrow Account”). The Purchaser shall provide necessary documents and materials as reasonably and timely requested by the Company in order to open such Escrow Account within one (1) Business Days after the execution of this Agreement. At the Closing (as defined below), such Closing Deposit shall be treated as a part of the total purchase price paid by the Purchaser. The Closing Deposit shall not be refunded by the Company to the Purchaser if there is a material breach by the Purchaser.
Closing Deposit. The Purchase Price, less the Deposit, and less the Building B Loan Balance (the “Closing Deposit”), shall be paid by Buyer to Escrow Holder, in the form of Cash, pursuant to Section 7.1 hereof, and distributed by Escrow Holder to Seller on the Closing in accordance with the provisions of Section 12.1(c) hereof.
Closing Deposit. The Cash Purchase Price, less: (i) the Deposit; (ii) the West Broad Loan Balance; and (iii) the Extension Deposit, as applicable (“Closing Deposit”), shall be paid by Buyer to Escrow Agent, in the form of Cash, pursuant to Section 7.1 hereof, and shall be distributed by Escrow Agent to Seller at the Closing, subject to and in accordance with the provisions of this Agreement.
Closing Deposit. (a) The closing of the purchase of the Stock under this Agreement shall take place at the offices of Xxxxxx Xxxxxx, Xxx Xxxxxxxx Xxxxxx, Xxxxxxxx, Xxxxx, at 10:00 a.m. local time, on the closing date (the "Closing" or the "Closing Date"), which shall be the first business day of the calendar month which is at least ten (10) days after the fulfillment or waiver of each of the conditions set forth in Article V hereof or at such other place, or on such earlier or later date and time as may be mutually agreed in writing by Buyer and CSC, with the parties executing documents and exchanging signed documents. All proceedings to be taken and all documents to be executed and delivered by all parties at the Closing shall be deemed to have been taken and executed simultaneously, and no proceedings shall be deemed to have been taken nor any documents executed or delivered until all have been taken, executed and delivered. At Closing, (i) all parties shall deliver all executed documents contemplated hereby including, without limitation, bills of sale and quitclaim deeds with covenant, necessary to transfer all of CSC's right, title and interest in and to the Included Assets, subject only to Permitted Liens, to the Companies as provided herein and the bills of sale with stock powers necessary to transfer to the Buyer all of the Stock as contemplated herein, (ii) the Buyer and the Companies shall deliver to CSC the Indemnification Agreement a copy of which is attached hereto as Schedule 1.7(a), expressing the obligation of the Buyer and the Companies to indemnify CSC, its directors, officers, shareholders and affiliates from and hold them harmless with respect to the Assumed Liabilities, (iii) CSC shall deliver to the Buyer and to the Companies the Indemnification Agreement a copy of which is attached hereto as Schedule 1.7(a), expressing the obligation of CSC to indemnify the Buyer and the Companies and their respective directors, officers, shareholders and affiliates from and hold them harmless with respect to the Identified Excluded Liabilities, and (iv) Buyer shall arrange for the delivery or wire transfer of the Purchase Price to or at the written direction of CSC on the terms set forth herein.
Closing Deposit. The Closing Deposit for the Property pursuant to Section 2.2(b) hereof. Notwithstanding the foregoing to the contrary, Buyer shall deliver the Closing Deposit to Escrow Agent by not later than 1:00 pm on the Closing Date.
Closing Deposit. The Purchase Price, as adjusted pursuant to the credits and prorations set forth in Article 11 (the “Closing Deposit”), shall be paid by Buyer to Escrow Agent, in the form of Cash, pursuant to Section 7.1 hereof, and shall be distributed by Escrow Agent to Seller at the Closing, subject to and in accordance with the provisions of this Agreement.
Closing Deposit. As consideration for the extension of the Closing Date, Purchaser hereby agrees that if, as and when this Amendment is fully executed, Purchaser shall, within three (3) business days following the Effective Date of this Amendment deposit an additional One Hundred Thousand and No/100s Dollars ($100,000.00) (the "Closing Extension Deposit") with the Title Company. The Closing Extension Deposit shall replace the Xxxxxxx Money deposit totaling One Hundred Thousand and No/100s Dollars ($100,000.00), and shall be refundable pursuant to the terms of the Contract. Upon the funding of the Closing Extension Deposit, the Title Company is hereby instructed to release the original Xxxxxxx Money deposit to Seller.
Closing Deposit. 48 Section 9.15
