DEPOSIT MONIES. The BROKER is authorized to accept an xxxxxxx money deposit on the SELLER’s behalf. SELLER authorizes the BROKER to deduct the commission at the closing from the initial deposit or any subsequent deposit. This contract shall be deemed an order for the payment of such commission by any person in possession of such deposit(s). In the event the Buyer defaults and the SELLER is entitled to retain said deposit, the BROKER shall be entitled to retain one-half (1/2) of the Seller’s retained damages, up to an amount not exceeding the full brokerage fee due, in payment of services, advertising, and other expenses.
DEPOSIT MONIES. All deposit monies will be held in trust by Foundation Title Company, LLC until closing. If the deposit is invested, all earnings belong to the Seller and will not be a credit against the purchase price.
DEPOSIT MONIES. All deposit monies will be held in a non-interest-bearing trust account by until closing of Title.
DEPOSIT MONIES. All deposit payments made by the Buyer on account of the Purchase Price shall be held in the non-interest bearing Escrow Account of [INSERT] Title Agency (the “Escrow Holder”) and shall be applied to the Purchase Price at Closing unless there is a dispute between the Seller and Buyer, in which event paragraph 5 below applies. The Buyer’s Tax I.D. number is [INSERT].
DEPOSIT MONIES. All deposit monies will be held in escrow by Xxxxxx Xxxxx & Associates, LLC until closing. If the deposit is invested in an interest-bearing account, all earnings belong to the Seller and will not be a credit against the purchase price. Except in the case of termination under paragraph 9, the deposit shall be nonrefundable to the Buyer.
DEPOSIT MONIES. The $225,000.00 deposit referenced in Paragraph 2 above was previously paid by VCS Holdings LLC, an affiliated company of Buyer, to Seller under an earlier contract which the parties acknowledge is hereby terminated, the within Contract being in substitution therefor. Said deposit has been retained by Seller and is non-refundable. The two $25,000.00 deposits referenced in Paragraph 2 is to be held in the trust account of Cxxxxx Axxxxxx & Jxxxx (the “Escrow Agent”) until closing of title or earlier Contract termination; provided, however, in the event the Buyer requests a three month extension pursuant to paragraph 3 above, then in that event an additional $25,000.00 deposit, which shall be released to Seller and be non-refundable, but applied to the purchase price, shall be due upon exercise of the three month extension.
DEPOSIT MONIES. All deposit monies shall be held in trust by Trustee in an interest bearing account until the closing of title or such other time and circumstance under which the monies are to be disbursed.
DEPOSIT MONIES. All deposit monies will be held in trust by Xxxxxx, Xxxxx & Xxxxxx in an interest-bearing account until closing of title. All interest earned on the account shall be divided equally between the parties at closing. Seller's Tax Identification Number is 00-0000000. Buyer's Tax Identification Number is 00-0000000. If closing does not occur through no fault of the Buyer, all deposit monies together with the interest earned thereon will be returned to the Buyer.
DEPOSIT MONIES. There will be no deposit monies.
