Common use of Earmarking Clause in Contracts

Earmarking. When the $1,000,000 mentioned in paragraph 2(b) has been deposited as ▇▇▇▇▇▇▇ money, the sum of $450,000 shall be earmarked and held by the Closing Agent as the ▇▇▇▇▇▇▇ money deposit for this transaction, and the balance of the funds shall be earmarked as the ▇▇▇▇▇▇▇ money for the purchase of the Other Properties (as defined in paragraph 5(e)).

Appears in 1 contract

Sources: Purchase and Sale Agreement (Pan Pacific Retail Properties Inc)

Earmarking. When the $1,000,000 mentioned in paragraph 2(b) has been deposited as ▇▇▇▇▇▇▇ money, the sum of $450,000 250,000.00 shall be earmarked and held by the Closing Agent as the ▇▇▇▇▇▇▇ money deposit for this transaction, and the balance of the funds shall be earmarked as the ▇▇▇▇▇▇▇ money for the purchase of the Other Properties (as defined in paragraph 5(e)).

Appears in 1 contract

Sources: Purchase and Sale Agreement (Pan Pacific Retail Properties Inc)

Earmarking. When the $1,000,000 mentioned in paragraph 2(b) has been deposited as ▇▇▇▇▇▇▇ money, the sum of $450,000 300,000.00 shall be earmarked and held by the Closing Agent as the ▇▇▇▇▇▇▇ money deposit for this transaction, and the balance of the funds shall be earmarked as the ▇▇▇▇▇▇▇ money for the purchase of the Other Properties (as defined in paragraph 5(e)).

Appears in 1 contract

Sources: Purchase and Sale Agreement (Pan Pacific Retail Properties Inc)