Earnxxx Xxxey Deposit. Within three (3) business days after the date this Agreement is executed by both Seller and Purchaser, Purchaser shall deliver to the offices of Republic Title of Texas, Inc., to the attention of Leslxx Xxxxxxx, 0026 Xxxxxx Xxxxxx, 10th Floor, Dallas, Texas 75200-0000, xxlephone number: (214) 000-0000, xxlecopy number: (214) 000-0000 (xxe "Title Company"), as agent for First American Title Insurance Company, a deposit of Ten Thousand and No/l00 Dollars ($10,000.00) in cash (the "Earnxxx Xxxey Deposit"). In the event Purchaser does not deposit the Earnxxx Xxxey Deposit with the Title Company on or prior to the date designated in the preceding sentence, this Agreement shall automatically terminate and the parties hereto shall have no further rights, duties or obligations one to the other hereunder. In the event Purchaser does not terminate this Agreement prior to the expiration of the Review Period (defined in SECTION 8.1.) then the Earnxxx Xxxey Deposit shall be nonrefundable to Purchaser except in the event of the default of Seller under the terms hereof. The Title Company shall hold the Earnxxx Xxxey Deposit as escrow agent and shall invest the Earnxxx Xxxey Deposit in such interest bearing investments as Purchaser shall reasonably designate from time to time which mature no later than the earlier of (a) the date on which the Closing hereunder is scheduled (at the time such investment is made) to be held or (b) the date (if it is then determinable) on which the Earnxxx Xxxey Deposit will be required to be delivered to either Purchaser or Seller pursuant to the provisions of this Agreement. All such interest earned thereon shall be deemed to constitute a portion of the Earnxxx Xxxey Deposit and shall be added thereto. At Closing, or upon the occurrence of a default under this Agreement, the Title Company shall deliver the Earnxxx Xxxey Deposit to the party entitled to it in accordance with the other terms of this Agreement.
Earnxxx Xxxey Deposit. Upon execution hereof, Buyer shall deliver the sum of ONE HUNDRED THOUSAND DOLLARS ($100,000.00) to Charxxx X. Xxxxx, Xx., xx Trustee, to be held by Charxxx X. Xxxxx, Xx., xx Trustee, until the Closing (as defined below) of the transaction contemplated hereby (the "Earnxxx Xxxey Deposit"). The Earnxxx Xxxey Deposit shall be credited toward the Purchase Price at the Closing.
Earnxxx Xxxey Deposit. Concurrently with the delivery of one (1) fully executed copy of this Agreement to Escrow Holder, Buyer shall deposit with Escrow Holder the sum of One Hundred Thousand Dollars ($100,000.00) (the "EARNXXX XXXEY DEPOSIT") in the form of a check or wire transfer. The Earnxxx Xxxey Deposit shall become nonrefundable after the end of the Review Period, unless this Agreement terminates other than due to a default of Buyer hereunder.
Earnxxx Xxxey Deposit. Purchaser has delivered and deposited with Escrow Agent the amount of $125,000.00 representing the Earnxxx Xxxey as required by the Purchase and Sale Agreement. The Escrow Agent agrees to immediately deposit said funds in an account at a local banking institution in Lee Xxxnty, the accounts of which are insured by the FDIC, and to hold and disburse said funds, and any interest earned thereon (together the "Earnxxx Xxxey") as hereinafter provided.
Earnxxx Xxxey Deposit. 11.01 DEPOSIT AND ACTIONS TO BE TAKEN. No earnxxx xxxey deposit shall be made or required.
Earnxxx Xxxey Deposit. As a condition to the validity and effectiveness of this Agreement, and in any event no later than two (2) business days after the date of this Agreement, Buyer shall deliver an earnxxx xxxey deposit in cash of $100,000 (the "Earnxxx Xxxey") to the Title Company (hereinafter defined). Upon the Closing the Earnxxx Xxxey shall be applied to the Purchase Price. In the event the Closing does not occur as required pursuant to this Agreement by reason of Buyer's default hereunder, then the Title Company shall disburse the Earnxxx Xxxey to Seller. The Title Company shall be authorized, at Buyer's option, to invest the Earnxxx Xxxey in such manner as Buyer may direct; provided, however, that the Title Company shall invest the Earnxxx Xxxey only in such manner as will allow the Title Company to disburse the Earnxxx Xxxey upon two (2) days' notice. All interest or other earnings on the Earnxxx Xxxey shall become a part of the Earnxxx Xxxey and be disbursed to the party entitled to the Earnxxx Xxxey.
Earnxxx Xxxey Deposit. Unless the Closing shall have already occurred, not later than three (3) business days following the Contract Date, Acquiror shall deposit into the Escrow, in accordance with the terms of the Escrow Agreement, and as its earnxxx money deposit (the "EARNXXX XXXEY"), the sum of One Million and No/100 Dollars ($1,000,000). The Earnxxx Xxxey may be in the form of cash or the Letter of Credit (as defined below).
Earnxxx Xxxey Deposit. A. The Earnxxx Xxxey Deposit under this Agreement shall be as follows: within three days of the Acceptance Date, Purchaser shall deliver to Title Company the sum of Two Hundred Seventy-Five Thousand and no/ 100 dollars ($275,000.00) in immediately available funds, which is to be held by the Title Company for the benefit of Purchaser and Sellers in accordance with the terms, and conditions of this Agreement (the "Earnxxx Xxxey Deposit"). The Title Company shall deposit the Earnxxx Xxxey Deposit in an interest-bearing account at a federally insured national bank. From time to time as directed by Purchaser, the Title Company shall pay any interest earned on the Earnxxx Xxxey Deposit to Purchaser. The Earnxxx Xxxey Deposit shall be refunded to Purchaser, together with any interest thereon, if Purchaser terminates this Agreement during the Inspection Period in accordance with the terms of Section 9 hereof. If Purchaser does not terminate this Agreement during the Inspection Period pursuant to Section 9, the Earnxxx Xxxey Deposit will become non-refundable and the parties will proceed to Closing. If this Agreement is not earlier terminated in accordance with the terms and conditions of this Agreement, the Earnxxx Xxxey Deposit shall be credited against the Purchase Price at Closing. Notwithstanding the foregoing, if this Agreement terminates in accordance with Sections 14, 15 or 16B, the Earnxxx Xxxey Deposit shall be refunded to Purchaser, together with any interest thereon.
Earnxxx Xxxey Deposit. (a) The Earnxxx Xxxey Deposit under this Agreement shall be as follows: on the date of this Agreement, Buyer shall deliver to the Title Company the sum of $250,000.00 in immediately available funds, which is to be held by the Title Company for the benefit of
Earnxxx Xxxey Deposit. Sellers shall have instructed the Deposit Escrow Agent in writing to return the Deposit to Purchaser in accordance with the terms of the Deposit Escrow Agreement.
