Common use of Earnest Money Clause in Contracts

Earnest Money. No later than one (1) business day after the last day o▇ ▇▇▇ ▇nspection Period (hereinafter defined), Purchaser shall deposit with the Escrow Agent the sum of Two Hundred Thousand Dollars ($200,000) (the "Earnest Money") in good funds, by federal wire transfer. The Escrow Ag▇▇▇ ▇▇▇ll hold the Earnest Money in an interest-bearing account in accordance with the te▇▇▇ ▇▇▇ conditions of this Agreement. All interest accruing on such sum shall become a part of the Earnest Money and shall be distributed as Earnest Money in accordance ▇▇▇▇ ▇▇e terms of this Agreement.