Common use of Exxxxxx Money Clause in Contracts

Exxxxxx Money. Within one (1) business day following the Effective Date, Purchaser will deliver to the Escrow Agent the sum of TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00) (the “First Deposit”). Within one (1) business day following the expiration of the Study Period, assuming Purchaser has not previously elected to terminate this Agreement, Purchaser shall deliver to the Escrow Agent the additional sum of TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00) (the “Second Deposit”) (the First Deposit and the Second Deposit, if any, and all interest earned thereon are hereinafter collectively referred to as the “Exxxxxx Money”). The Exxxxxx Money shall be invested by the Escrow Agent in short term interest bearing accounts at banks or other financial institutions, which accounts must be insured by the Federal Deposit Insurance Corporation. All interest earned on such deposits shall belong to the party (as between Seller and Purchaser) who is entitled to receive the Exxxxxx Money under the applicable provisions of this Agreement. In the event the transactions contemplated herein are not closed in accordance with the provisions hereof, the Exxxxxx Money shall be disbursed to either Seller or Purchaser as provided in this Agreement.

Exxxxxx Money. Within one (1) business day following the Effective Date, Purchaser will deliver to the Escrow Agent the sum of TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00) (the “First Exxxxxx Money Deposit”). Within one (1) business day following the expiration of the Study Period, assuming Purchaser has not previously elected to terminate this Agreement, Purchaser shall deliver to the Escrow Agent the additional sum of TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00) (the “Second Exxxxxx Money Deposit”) (the First Exxxxxx Money Deposit and the Second Exxxxxx Money Deposit, if any, and all interest earned thereon are hereinafter collectively referred to as the “Exxxxxx Money”). The Exxxxxx Money shall be invested by the Escrow Agent in short term interest bearing accounts at banks or other financial institutions, which accounts must be insured by the Federal Deposit Insurance Corporation. All interest earned on such deposits shall belong to the party (as between the Seller and Purchaser) who is entitled to receive the Exxxxxx Money under the applicable provisions of this Agreement. In the event the transactions contemplated herein are not closed in accordance with the provisions hereof, the Exxxxxx Money shall be disbursed to either the Seller or Purchaser as provided in this Agreement. Upon the expiration of the Study Period, the Exxxxxx Money will automatically be at-risk and non-refundable to Purchaser, except as otherwise set forth in this Agreement.

Exxxxxx Money. Within one (1) business day following the Effective Date, Purchaser will deliver to the Escrow Agent the sum of TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.0050,000.00) (the “First Deposit”). Within one (1) business day following the expiration of the Study Period, assuming Purchaser has not previously elected to terminate this Agreement, Purchaser shall deliver to the Escrow Agent the additional sum of TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.0050,000.00) (the “Second Deposit”) (the First Deposit the Second Deposit, if any, and the Second Extension Deposit, if any, and all interest earned thereon are hereinafter collectively referred to as the “Exxxxxx Money”). The Exxxxxx Money shall be invested by the Escrow Agent in short term interest bearing accounts at banks or other financial institutions, which accounts must be insured by the Federal Deposit Insurance Corporation. All interest earned on such deposits shall belong to the party (as between Seller and Purchaser) who is entitled to receive the Exxxxxx Money under the applicable provisions of this Agreement. In the event the transactions contemplated herein are not closed in accordance with the provisions hereof, the Exxxxxx Money shall be disbursed to either Seller or Purchaser as provided in this Agreement.

Exxxxxx Money. Within one (1) business day following following, the Effective Date, the Purchaser will deliver to the Escrow Agent the sum of TWO FIVE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00500,000.00) (the “First Exxxxxx Money Deposit”). Within one (1) business day following the expiration of the Study Period, assuming the Purchaser has not previously elected to terminate this AgreementAgreement in accordance with Section 2.4, the Purchaser shall deliver to the Escrow Agent the additional sum of TWO FIVE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00500,000.00) (the “Second Exxxxxx Money Deposit”) (the First Exxxxxx Money Deposit and the Second Exxxxxx Money Deposit, if any, and all interest earned thereon are hereinafter collectively referred to as the “Exxxxxx Money”). The Exxxxxx Money shall be non-refundable, except as otherwise provided for in this Agreement. The Exxxxxx Money shall be invested by the Escrow Agent in short short-term interest bearing accounts at banks or other financial institutions, which accounts must be insured by the Federal Deposit Insurance Corporation. All interest earned on such deposits shall belong to the party (as between the Seller and the Purchaser) who is entitled to receive the Exxxxxx Money under the applicable provisions of this Agreement. In the event the transactions contemplated herein are not closed in accordance with the provisions hereof, the Exxxxxx Money shall be disbursed to either the Seller or the Purchaser as provided in this Agreement.

Exxxxxx Money. Within one (1) business day following the Effective Date, Purchaser will deliver to the Escrow Agent the sum of TWO ONE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00100,000.00) (the “First Exxxxxx Money Deposit”). Within one (1) business day following the expiration of the Study Period, assuming Purchaser has not previously elected to terminate this Agreement, Purchaser shall deliver to the Escrow Agent the additional sum of TWO ONE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00100,000.00) (the “Second Exxxxxx Money Deposit”) (the First Exxxxxx Money Deposit and the Second Exxxxxx Money Deposit, if any, and all interest earned thereon are hereinafter collectively referred to as the “Exxxxxx Money”). The Exxxxxx Money shall be invested by the Escrow Agent in short term interest bearing accounts at banks or other financial institutions, which accounts must be insured by the Federal Deposit Insurance Corporation. All interest earned on such deposits shall belong to the party (as between the Seller and Purchaser) who is entitled to receive the Exxxxxx Money under the applicable provisions of this Agreement. In the event the transactions contemplated herein are not closed in accordance with the provisions hereof, the Exxxxxx Money shall be disbursed to either the Seller or Purchaser as provided in this Agreement.

Exxxxxx Money. Within one (1) business day following the Effective Date, Purchaser will deliver to the Escrow Agent the sum of TWO HUNDRED FIFTY THOUSAND ONE MILLION AND NO/100 DOLLARS ($250,000.001,000,000.00) (the “First Deposit”)) via wire transfer. The First Deposit shall be non-refundable, except in the event of a Seller default. Within one (1) business day following the expiration of the Study Period, assuming Purchaser has not previously elected to terminate this Agreement, Purchaser shall deliver to the Escrow Agent the additional sum of TWO HUNDRED FIFTY THOUSAND ONE MILLION AND NO/100 DOLLARS ($250,000.001,000,000.00) (the “Second Deposit”) (the First Deposit and the Second Deposit, if any, and all interest earned thereon are hereinafter collectively referred to as the “Exxxxxx Money”)) via wire transfer. The Exxxxxx Money shall be invested by the Escrow Agent in short term interest bearing accounts at banks or other financial institutions, which accounts must be insured by the Federal Deposit Insurance Corporation. All interest earned on such deposits shall belong to the party (as between Seller and Purchaser) who is entitled to receive the Exxxxxx Money under the applicable provisions of this Agreement. In the event the transactions contemplated herein are not closed in accordance with the provisions hereof, the Exxxxxx Money shall be disbursed to either Seller or Purchaser as provided in this Agreement.

Exxxxxx Money. Within one (1) business day following the Effective Date, Purchaser will deliver to the Escrow Agent the sum of TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00200,000.00) (the “First Deposit”). Within one (1) business day following the expiration of the Study Period, assuming Purchaser has not previously elected to terminate this Agreement, Purchaser shall deliver to the Escrow Agent the additional sum of TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00200,000.00) (the “Second Deposit”) (the First Deposit and the Second Deposit, if any, and all interest earned thereon are hereinafter collectively referred to as the “Exxxxxx Money”). The Exxxxxx Money shall be invested by the Escrow Agent in short term interest bearing accounts at banks or other financial institutions, which accounts must be insured by the Federal Deposit Insurance Corporation. All interest earned on such deposits shall belong to the party (as between Seller and Purchaser) who is entitled to receive the Exxxxxx Money under the applicable provisions of this Agreement. In the event the transactions contemplated herein are not closed in accordance with the provisions hereof, the Exxxxxx Money shall be disbursed to either Seller or Purchaser as provided in this Agreement.