Common use of Earnxxx Xxxey Clause in Contracts

Earnxxx Xxxey. Within two (2) business days after final execution of this Contract by all parties hereto, Purchaser shall deliver Purchaser's check in the amount of One Hundred Thousand and No/100 Dollars ($100,000.00) to Safeco Land Title of Dallas, 5220 Renaissance Tower, 1201 Xxx Xxxxxx, Xxxxxx, Xxxxx 00000, Xxtn: Bobbxx Xxxxx (xxe "Title Company"). The Title Company shall immediately cash the earnxxx xxxey check and deposit the proceeds thereof in an interest bearing account, the earnings from which shall accrue to the benefit of Purchaser (hereinafter the proceeds of the earnxxx xxxey check shall be referred to as the "earnxxx xxxey"). In the event that this Contract is closed, then all earnxxx xxxey shall be applied in partial satisfaction of the purchase price. In the event that this Contract is not closed, then the earnxxx xxxey shall be disbursed in the manner provided for elsewhere herein. Notwithstanding the foregoing or anything to the contrary contained elsewhere in this Contract, it is understood and agreed that One Hundred Dollars ($100.00) of the earnxxx xxxey shall in all events be delivered to Seller as valuable consideration for the inspection period described in Article VI hereinbelow and the execution of this Contract by Seller.

Appears in 1 contract

Samples: Contract of Sale (Silverleaf Resorts Inc)

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Earnxxx Xxxey. Within two (2) business days after final execution of this Contract by all parties hereto, Purchaser shall deliver Purchaser's check in the amount of One Hundred Ten Thousand and No/100 Dollars ($100,000.0010,000.00) to Safeco Land Title of Dallas, 5220 Renaissance Tower, 1201 Xxx Xxxxxx, Xxxxxx, Xxxxx 00000, Xxtn: Bobbxx Xxxxx (xxe "Title Company"). The Title Company shall immediately cash the earnxxx xxxey check and deposit the proceeds thereof in an interest bearing account, the earnings from which shall accrue to the benefit of Purchaser (hereinafter the proceeds of the earnxxx xxxey check shall be referred to as the "earnxxx xxxey"). In the event that this Contract is closed, then all the earnxxx xxxey shall be applied in partial satisfaction as a credit toward payment of the purchase price. In the event that this Contract is not closed, then the earnxxx xxxey shall be disbursed in the manner provided for elsewhere herein. Notwithstanding the foregoing or anything to the contrary contained elsewhere in this Contract, it is understood and agreed that One Hundred Dollars ($100.00) of the earnxxx xxxey shall in all events be delivered to Seller as valuable consideration for the inspection period Inspection Period described in Article VI hereinbelow and the execution of this Contract by Seller.

Appears in 1 contract

Samples: Contract of Sale (Silverleaf Resorts Inc)

Earnxxx Xxxey. Within two (2) business days after final execution of this Contract by all parties hereto, Purchaser shall deliver Purchaser's check in the amount of One Hundred Fifty Thousand and No/100 Dollars ($100,000.0050,000.00) to Safeco Land Title of Dallas, 5220 Renaissance Tower, 1201 Xxx Xxxxxx, Xxxxxx, Xxxxx 00000, Xxtn: Bobbxx Xxxxx John Xxxx (xxe "Title Company"). The Title Company shall immediately cash the earnxxx xxxey check and deposit the proceeds thereof in an interest bearing account, the earnings from which shall accrue to the benefit of Purchaser (hereinafter the proceeds of the earnxxx xxxey check shall be referred to as the "earnxxx xxxeyEarnxxx Xxxey"). In the event that this Contract is closed, then all earnxxx xxxey Earnxxx Xxxey shall be applied in partial satisfaction of the purchase price. In the event that this Contract is not closed, then the earnxxx xxxey Earnxxx Xxxey shall be disbursed in the manner provided for elsewhere herein. Notwithstanding the foregoing or anything to the contrary contained elsewhere in this Contract, it is understood and agreed that One Hundred Five Thousand Dollars ($100.005,000.00) of the earnxxx xxxey Earnxxx Xxxey shall in all events be delivered to Seller as valuable consideration for the inspection period Inspection Period described in Article VI hereinbelow and the execution of this Contract by Seller.

Appears in 1 contract

Samples: Contract of Sale (Silverleaf Resorts Inc)

Earnxxx Xxxey. Within two (2) business days after final execution of this Contract by all parties hereto, Purchaser shall deliver Purchaser's check in the amount of One Hundred Eighty-Seven Thousand Five Hundred and No/100 Dollars ($100,000.00187,500.00) to Safeco Land Title of Dallas, 5220 Renaissance Tower, 1201 Xxx Xxxxxx, Xxxxxx, Xxxxx 00000, Xxtn: Bobbxx Xxxxx (xxe "Title Company"). The Title Company shall immediately cash the earnxxx xxxey check and deposit the proceeds thereof in an interest bearing account, the earnings from which shall accrue to the benefit of Purchaser (hereinafter the proceeds of the earnxxx xxxey check shall be referred to as the "earnxxx xxxey"). In the event that this Contract is closed, then all earnxxx xxxey shall be applied in partial satisfaction of the purchase price. In the event that this Contract is not closed, then the earnxxx xxxey shall be disbursed in the manner provided for elsewhere herein. Notwithstanding the foregoing or anything to the contrary contained elsewhere in this Contract, it is understood and agreed that One Hundred Twenty-Five Thousand Dollars ($100.0025,000.00) of the earnxxx xxxey shall in all events be delivered to Seller as valuable consideration for the inspection period described in Article VI V hereinbelow and the execution of this Contract by Seller.

Appears in 1 contract

Samples: Contract of Sale (Silverleaf Resorts Inc)

Earnxxx Xxxey. Within two (2) business days after final execution of this Contract by all parties hereto, Purchaser shall deliver Purchaser's check in the amount of One Hundred Ten Thousand and No/100 Dollars ($100,000.0010,000.00) to Safeco Land Title of Dallas, 5220 Renaissance Tower, 1201 Xxx Xxxxxx, Xxxxxx, Xxxxx 00000, Xxtn: Bobbxx Xxxxx John Xxxx (xxe "Title Company"). The Title Company shall immediately cash the earnxxx xxxey check and deposit the proceeds thereof in an interest bearing account, the earnings from which shall accrue to the benefit of Purchaser (hereinafter the proceeds of the earnxxx xxxey check shall be referred to as the "earnxxx xxxey"). In the event that this Contract is closed, then all earnxxx xxxey shall be applied in partial satisfaction of the purchase price. In the event that this Contract is not closed, then the earnxxx xxxey shall be disbursed in the manner provided for elsewhere herein. Notwithstanding the foregoing or anything to the contrary contained elsewhere in this Contract, it is understood and agreed that One Hundred Dollars ($100.00) of the earnxxx xxxey shall in all events be delivered to Seller as valuable consideration for the inspection period Inspection Period described in Article VI hereinbelow and the execution of this Contract by Seller.

Appears in 1 contract

Samples: Contract of Sale (Silverleaf Resorts Inc)

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Earnxxx Xxxey. Within two (2) business days after final execution of this Contract by all parties hereto, Purchaser shall deliver Purchaser's check in the amount of One Hundred Fifty Thousand and No/100 Dollars ($100,000.0050,000.00) to Safeco Land Title of Dallas, 5220 Renaissance Tower, 1201 Xxx Xxxxxx, Xxxxxx, Xxxxx 00000, Xxtn: Bobbxx Xxxxx John Xxxx (xxe "Title Company"). The Title Company shall immediately cash the earnxxx xxxey check and deposit the proceeds thereof in an interest bearing account, the earnings from which shall accrue to the benefit of Purchaser (hereinafter the proceeds of the earnxxx xxxey check shall be referred to as the "earnxxx xxxey"). In the event that this Contract is closed, then all earnxxx xxxey shall be applied in partial satisfaction of the purchase price. In the event that this Contract is not closed, then the earnxxx xxxey shall be disbursed in the manner provided for elsewhere herein. Notwithstanding the foregoing or anything to the contrary contained elsewhere in this Contract, it is understood and agreed that One Hundred Ten Thousand Dollars ($100.0010,000.00) of the earnxxx xxxey shall in all events be delivered to Seller as valuable consideration for the inspection period Inspection Period described in Article VI hereinbelow and the execution of this Contract by Seller.

Appears in 1 contract

Samples: Contract of Sale (Silverleaf Resorts Inc)

Earnxxx Xxxey. Within two (2) business days after final execution of this Contract by all parties hereto, Purchaser shall deliver Purchaser's check in the amount of One Hundred Fifty Thousand and No/100 Dollars ($100,000.0050,000.00) to Safeco Land Title of Dallas, 5220 Renaissance Tower, 1201 Xxx Xxxxxx, Xxxxxx, Xxxxx 00000, Xxtn: Bobbxx Xxxxx (xxe "Title Company"). The Title Company shall immediately cash the earnxxx xxxey check and deposit the proceeds thereof in an interest bearing account, the earnings from which shall accrue to the benefit of Purchaser (hereinafter the proceeds of the earnxxx xxxey check shall be referred to as the "earnxxx xxxey"). If Purchaser does not terminate this Contract during the Inspection Period (as defined in Article VI In the event that this Contract is closed, then all earnxxx xxxey shall be applied in partial satisfaction of the purchase price. In the event that this Contract is not closed, then the earnxxx xxxey shall be disbursed in the manner provided for elsewhere herein. Notwithstanding the foregoing or anything to the contrary contained elsewhere in this Contract, it is understood and agreed that One Hundred Dollars ($100.00) of the earnxxx xxxey shall in all events be delivered to Seller as valuable consideration for the inspection period Inspection Period described in Article VI hereinbelow and the execution of this Contract by Seller.

Appears in 1 contract

Samples: Contract of Sale (Silverleaf Resorts Inc)

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