Deposit; Purchase Price. The Purchase Price to be paid by Seller for the Property shall be Nineteen Million Two Hundred Fifty Thousand and No/100 Dollars ($19,250,000.00) (the "Purchase Price"). Subject to the terms and conditions of this Agreement, the Purchase Price shall be paid as follows:
Deposit; Purchase Price. Within three business days after the Effective Date, Buyer shall deposit $100,000 (the “Deposit”) into an escrow (“Escrow”) established with Corinthian Title Company, Attention: Xxxxxx Xxxxxxxx, 0000 Xxxxxx Xxxx Xxxxx, Suite 108, Carlsbad, California 92008, Tel: (000) 000-0000, Cell: (000) 000-0000, Email: xxxxxx.xxxxxxxx@xxxxxxxxxxxxxxx.xxx (“Escrow Holder” and the “Title Company”). Escrow Holder shall hold the Deposit in an interest bearing account. The Deposit shall be refundable to Buyer unless Buyer waives all contingencies by the expiration of the Due Diligence Period. If the transaction contemplated by this Agreement (the “Transaction”) closes (the “Closing”), the Deposit shall be disbursed to Seller and applied to the Purchase Price. The failure of Buyer to make the Deposit within the timeframe specified in this Section 2.2 shall be material breach of this Agreement and Seller may terminate this Agreement. Buyer shall pay the Purchase Price to Seller through Escrow at the Closing described in Article 9. On or before the Closing Date (as defined in Section 9.1), Buyer shall deposit into Escrow the Purchase Price, subject to adjustment by reason of any applicable prorations and the allocation of closing costs described below. The Deposit and the Purchase Price shall be made by wire transfer of federal funds, cashier’s check or in another immediately available form. Notwithstanding anything herein to the contrary, $100 of the Initial Deposit (the “Independent Consideration”) shall not be refundable to Buyer, but shall represent consideration for this Agreement and shall be paid to Seller. The Independent Consideration shall be paid to Seller within three days of the Effective Date. The Independent Consideration shall serve as consideration for the granting of the time periods herein contained for Buyer to exercise Buyer’s right to satisfy and approve all of Buyer’s conditions herein contained. If the Deposit is refunded to Buyer for any reason pursuant to this Agreement, the Independent Consideration shall be subtracted from the Deposit pursuant to this Section 2.2.
Deposit; Purchase Price. (a) Buyer shall deliver to Seller by wire transfer of immediately available funds in accordance with wire transfer instructions delivered by Seller to Buyer (i) upon execution of this Agreement, an amount equal to $2,000,000 (the “Initial Deposit”) and (ii) within 10 Business Days of the execution of this Agreement, an amount equal to $11,400,000 (the “Second Deposit” and together with the Initial Deposit, the “Deposit”). The Deposit shall be applied toward the Purchase Price if the Closing occurs, or shall otherwise be distributed in accordance with the terms of this Agreement.
Deposit; Purchase Price. ARTICLE 6 BFO FUEL RETAIL SITES 13 Section 6.1 Offers to Operator Franchisees to Purchase BFO Fuel Retail Sites 13 Section 6.2 Rejection of BFO 14 Section 6.3 Acceptance of BFO 15 Section 6.4 No Close of Escrow after Acceptance of BFO 16 Section 6.5 Close of Escrow for Operator Franchisee’s Purchase Under the RESA 16 Section 6.6 Post-Closing Adjustment 16 Section 6.7 Indemnification by BPWCP 17
Deposit; Purchase Price. The aggregate consideration to be paid for the Purchased Assets shall be a credit bid of the full amount of the Note Holder Obligation, $2,589,416, plus $127,000 in fees and costs, plus any additional amounts that accrue between May 1, 2023 and the Closing Date, and the Buyer Release (the “Purchase Price”). At the Closing, the Buyer shall pay the Purchase Price as follows:
Deposit; Purchase Price. 2.1.1 Five thousand dollars ($5,000) has been paid to Seller by Buyer in cash in accordance with that certain Letter of Intent dated October 20, 2004 between Buyer and Seller as a good faith deposit in connection with the negotiation of this Agreement (the “Deposit”). Such Deposit shall be applied against the Purchase Price at Closing and shall not be refundable to Buyer; even in the event that this Agreement is terminated in accordance with Section 10.1.
Deposit; Purchase Price. Buyer has paid the Deposit to the Escrow Agent. The Deposit shall be held by Escrow Agent in accordance with the Escrow Agreement. On or prior to the Delivery Date, Buyer shall pay to Seller the Purchase Prices less the Deposit, and the parties shall cause the Escrow Agent to pay to Seller the Deposit, for the Engines in immediately available funds by wire transfers to: Old National Bank 0 Xxxx Xxxxxx Xxxxxxxxxx, XX 00000 ABA#: *_________ Account#: *_________ SWIFT Code: *________ Beneficiary: Contrail Aviation Support, LLC 000 Xxxxxxxxxx Xxxxx Xxxxxx, XX 00000 or to such other account as Seller may specify in writing on or prior to the date upon which such amount is due and payable.
Deposit; Purchase Price. (a) Within two (2) business days after the execution and delivery of this Agreement by the Buyer and the Seller, the Buyer shall deposit into escrow with First American Title Insurance Company, 1850 Xx. Xxxxxx Xxxxxxxxx, Xxxxx 000, Xxxxxx Xxxxx, Xxxxxxxxxx 00000, Xxtention: John Xxxxxx, xxx number (510) 000-0000 (xxe "Title Company") an all-cash payment in immediately available funds in the amount of Twenty-Five Million Dollars ($25,000,000) (the "Deposit"). The Deposit shall be invested in investments reasonably approved by both parties and pursuant to escrow instructions consistent with the terms hereof.
Deposit; Purchase Price. 12 2.5 Prorations.................................................... 14 2.6 Closing Costs; Transfer Taxes and Fees........................ 14 ARTICLE III
Deposit; Purchase Price. (a) The purchase price for the sale, transfer, assignment, conveyance and delivery of the Assets shall be an aggregate amount of $165.3 million plus an amount equal to the principal balance as of the Closing Date of (A) the Promissory Note from the Operator to Seller dated June 30, 1995 and (B) the Promissory Note from the Operator to Seller dated April 29, 1993, subject to adjustment as provided for in Section 2.4(b) (the "Purchase Price"). At the Closing, upon the terms and subject to the conditions set forth herein, Buyer shall pay the Purchase Price as follows:
