Examples of Earnest Money Escrow Agreement in a sentence
Purchaser will execute two (2) copies of this Agreement and three (3) copies of the Earnest Money Escrow Agreement axx xxxxard them to Seller for execution, accompanied with the Earnest Money, if any, payable tx xxx Xscrow Agent set forth in the Earnest Money Escrow Agreement.
Sellers shall have received the amounts set forth (i) in Section 1.06(b) pursuant to the terms of the Earnest Money Escrow Agreement and (ii) in Section 1.06(c), and txx Xxxxow Agent shall have received the amounts set forth in Sections 1.06(d) and (e).
Accordingly, in such event, Sellers shall be entitled to the sum of $500,000 as liquidated damages, payable solely and exclusively through the Earnest Money Escrow Agreement.
Concurrently herewith: (i) Seller, Buyer’s Affiliate and a duly authorized representative of the Chicago Office of Escrowee shall execute the Earnest Money Escrow Agreement, in the form attached hereto as Exhibit B, and (ii) Buyer shall deposit or cause to be deposited the Earnest Money with the Escrowee.
The Earnest Money shall be invested as Seller and Buyer’s Affiliate, as agent for Buyer, shall jointly direct in accordance with the Earnest Money Escrow Agreement.
Within three (3) business days after the Effective Date, Purchaser shall deposit with the Title Company $100,000.00 of the Deposit to be held pursuant to the terms of the Earnest Money Escrow Agreement set forth on attached and incorporated Exxxxxx "D".
Accordingly, in such event, Seller shall be entitled to the sum of $180,000 as liquidated damages, payable solely and exclusively through the Earnest Money Escrow Agreement.
Within three (3) business days after the expiration or Purchaser's earlier waiver of the Inspection Period, Purchaser will deposit the remaining $100,000.00 of the Deposit with the Title Company under the terms of the Earnest Money Escrow Agreement thereby increasing the total deposits to $000,000.00.
Prior xx xxx xxxxxxxxx xxx xxxivery of this Earnest Money Escrow Agreement ("ESCROW AGREEMENT"), Seller and Purchasxx xxxxuted and delivered a certain Agreement of Sale with an "Effective Date" of February ___, 2005 ("SALE AGREEMENT").
Escrow Agreements" shall mean the Earnest Money Escrow Agreement and the Indemnity Escrow Agreement.