Escrow and Deposit Sample Clauses

Escrow and Deposit. Within three (3) business days after the Effective Date, as a deposit against the Purchase Price, Buyer shall deposit Sixty Thousand Dollars ($60,000) (the “Deposit”) into escrow (the “Escrow”) to be opened with First American Title Insurance Company, located at 00000 Xxx Xxxxxx Xxxxxx, Suite 600, Irvine, CA 92612, Attn: Xxxx Xxxx (“Escrow Holder”). Escrow shall be deemed opened the date Escrow Holder is in receipt of the fully executed Agreement. Seller and Buyer shall execute such further documents or instruments as Escrow Holder may reasonably deem necessary to close this transaction during the term of this Agreement. If Buyer delivers an Approval Notice pursuant to Section 3(A) below, then the Deposit shall become nonrefundable upon expiration of the Due Diligence Period, except as expressly provided herein. Escrow shall hold the Deposit in an interest-bearing account in accordance with the terms and conditions hereof. All interest accruing on such sums shall become
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Escrow and Deposit. By this Agreement, COUNTY and SELLER establish an escrow (“Escrow”) with Escrow Agent. Escrow shall close no later than thirty (30) calendar days after the later of expiration of the Due Diligence Period or Extended Escrow Period, both as defined below. COUNTY shall deposit FIFTY THOUSAND DOLLARS ($50,000.00) into Escrow (“Initial Deposit”) concurrently with the opening of Escrow. The Initial Deposit shall be applicable toward the Purchase Price and shall be refundable to COUNTY should COUNTY in its sole and absolute discretion, terminate this Agreement prior to expiration of the Due Diligence Period, as defined below. Contemporaneous with expiration of the Due Diligence Period, and provided the COUNTY does not terminate this Agreement, as provided for pursuant to Section 4, below, the COUNTY shall deposit an additional FIFTY THOUSAND DOLLARS ($50,000.00) into Escrow (“Additional Deposit”). COUNTY is granted one (1) thirty (30) day option to extend Escrow (“Extended Escrow Period”) by providing SELLER and Escrow Agent with a written notice ten (10) days prior to the Close of Escrow and depositing an additional THIRTY THOUSAND DOLLAR ($30,000.000) deposit (“Extension Deposit”) into Escrow. Said additional Extension Deposit shall be applicable to the Purchase Price but nonrefundable to COUNTY in the event COUNTY shall fail to close Escrow in accordance with the terms of this Agreement. The Initial Deposit, Additional Deposit and Extension Deposit, as applicable are collectively referred to herein as the “Total Deposit”. In the event of a default by COUNTY hereunder after expiration of the Due Diligence Period, the Total Deposit shall become non-refundable to COUNTY, and payable to the SELLER as liquidated damages pursuant to Section 13(b), below.
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Escrow and Deposit. (a) By this Agreement, County and Seller establish an escrow (“Escrow”) with Escrow Agent. Escrow shall close no later than thirty (30) calendar days after the later of expiration of the Due Diligence Period or Extended Escrow Period, both as defined below.
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Escrow and Deposit 
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Related to Escrow and Deposit

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.

  • Purchase Price and Deposit The total purchase price ("Purchase Price") for the Property shall be an amount equal to $14,000,000.00, payable by Purchaser, as follows:

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Escrow Account 31.1.1 The Concessionaire shall, prior to the Appointed Date, open and establish an Escrow Account with a Bank (the “Escrow Bank”) in accordance with this Agreement read with the Escrow Agreement.

  • Establishment of and Deposits to Escrow Account The Company shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, "National City Mortgage Corp., in trust for the Purchaser of Conventional Residential Fixed Rate Mortgage Loans, Group No. 2001-1 and various Mortgagors". The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Company in accordance with Section 4.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit E-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit E-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Escrow Account or Accounts on a daily basis, and retain therein:

  • Escrow Deposits All escrow deposits and escrow payments currently required to be escrowed with the Mortgagee pursuant to each Mortgage Loan (including capital improvements and environmental remediation reserves) are in the possession, or under the control, of the Mortgage Loan Seller or its servicer, and there are no delinquencies (subject to any applicable grace or cure periods) in connection therewith, and all such escrows and deposits (or the right thereto) that are required under the related Mortgage Loan documents are being conveyed by the Mortgage Loan Seller to the Depositor or its servicer (or, in the case of a Non-Serviced Mortgage Loan, to the related depositor under the Non-Serviced PSA or Non-Serviced Master Servicer for the related Non-Serviced Trust).

  • Escrow Accounts Subject to the terms of the related Deferred Servicing Agreement, Seller shall be entitled to withdraw funds from any Escrow Account related to a Deferred Servicing Agreement only for the purposes permitted in the applicable Servicing Agreement.

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.”

  • Payments at Closing At the Closing, Buyer shall:

  • Indemnity Escrow Agreement Sellers shall have executed and delivered to Buyer the Indemnity Escrow Agreement.

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