Common use of Exxxxxx Money Clause in Contracts

Exxxxxx Money. Within 3 business days after receipt of a fully executed copy of this Agreement, Purchaser shall deposit the Initial Exxxxxx Money with the Escrow Agent. Within 3 business days after expiration of the Due Diligence Period, if this Agreement has not theretofore been terminated or deemed terminated, Seller will deposit the Additional Exxxxxx Money with Escrow Agent. The Exxxxxx Money shall be applied to the Purchase Price at Closing. If this Agreement terminates pursuant to any express right of Purchaser or Seller to terminate this Agreement other than as a result of Seller’s default, the Exxxxxx Money shall be refunded to Purchaser immediately upon request, and all further rights and obligations of the parties under this Agreement shall terminate. The Exxxxxx Money shall be held and disbursed by the Escrow Agent pursuant to Article 9 of this Agreement.

Exxxxxx Money. Within 3 business days after receipt of a fully executed copy of this Agreement, Purchaser shall deposit the Initial Exxxxxx Money Deposit with the Escrow Agent. Within 3 business days after following the expiration of the Due Diligence Period, if this Agreement has not theretofore been terminated or deemed terminated, Seller will Purchaser shall deposit the Additional Exxxxxx Money Deposit with the Escrow Agent. The Exxxxxx Money shall be applied to the Purchase Price at Closing. If this Agreement terminates pursuant to any express right of Purchaser or Seller to terminate this Agreement other than as a result of Seller’s default, the Exxxxxx Money shall be refunded to Purchaser immediately upon request, and all further rights and obligations of the parties under this Agreement shall terminate. The Exxxxxx Money shall be held and disbursed by the Escrow Agent pursuant to Article 9 of this Agreement.