E▇▇▇▇▇▇ Money Deposit Sample Clauses

E▇▇▇▇▇▇ Money Deposit. Not later than two (2) business days after the Effective Date, Purchaser shall deliver to Chicago Title Insurance Company, located at 2▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: J▇▇ ▇. ▇▇▇▇▇▇▇▇ (the "Title Company"), Twenty-Five Thousand and No/100 Dollars ($25,000.00) (the "E▇▇▇▇▇▇ Money Deposit") in Current Funds, to be held by the Title Company in escrow to be applied or disposed of by the Title Company as is provided in this Contract. In the event Purchaser fails to deposit the E▇▇▇▇▇▇ Money Deposit with the Title Company as herein provided, Seller may, at its option, terminate this Contract, in which event neither Seller nor Purchaser shall have any further rights, duties or obligations hereunder except for provisions of this Contract which expressly survive the termination of this Contract. As used in this Contract, the term "Current Funds" shall mean wire transfers, certified funds or a cashier's check in a form acceptable to the Title Company that would permit the Title Company to immediately disburse such funds.

E▇▇▇▇▇▇ Money Deposit. Upon Buyer’s receipt of a counterpart of this Agreement fully executed by Buyer and Seller, Buyer shall deposit with Escrow Agent the E▇▇▇▇▇▇ Money Deposit hereunder, via wire transfer, to be held and disbursed in accordance with the terms of this Agreement. Escrow Agent shall hold the E▇▇▇▇▇▇ Money Deposit in an interest bearing money market account at a federally insured financial institution reasonably acceptable to Buyer and Escrow Agent, and interest earned thereon shall be reported under the United States Taxpayer Identification Number 5▇-▇▇▇▇▇▇▇ of Buyer. All interest earned on the E▇▇▇▇▇▇ Money Deposit, or any portion thereof, shall be deemed to constitute a portion of the E▇▇▇▇▇▇ Money Deposit and shall be disbursed in accordance with the terms of this Agreement. The E▇▇▇▇▇▇ Money Deposit shall be credited to the cash due from Buyer at Closing. Buyer shall have the right, at its option during the term of this Agreement, to substitute one or more unconditional letters of credit for all or any portion of the E▇▇▇▇▇▇ Money Deposit. The letter(s) of credit shall be drawn on Wachovia Bank, N.A., or any other financial institution reasonably acceptable to Seller, shall name Escrow Agent as beneficiary and shall be otherwise in form and substance reasonably satisfactory to Seller. The letter(s) of credit shall not impose any conditions to the drawing thereof other than a certificate from the Escrow Agent that Escrow Agent is entitled to draw upon the letter of credit pursuant to the terms of this Agreement. If any letter(s) of credit do not have an expiration date of at least thirty (30) days after the Closing Date, then Buyer shall renew or extend such letter(s) of credit at least fifteen (15) days prior to the expiration thereof. If Buyer fails to deliver proper renewals or extension documentation prior to the deadline for same, then Escrow Agent shall draw upon the letter(s) of credit which have not been timely renewed or extended and hold the proceeds thereof as the E▇▇▇▇▇▇ Money Deposit under this Agreement. The letter(s) of credit shall be held and disbursed in the same fashion as the E▇▇▇▇▇▇ Money Deposit under this Agreement and shall be drawn upon by the Escrow Agent and disbursed in accordance with paragraph 11 herein. Further provided, that Escrow Agent shall be entitled to draw upon any expiring letter(s) of credit which are not timely renewed or extended pursuant to the terms of this Section, in which event Escrow Agent will hold and disburs...

E▇▇▇▇▇▇ Money Deposit. The cash deposit(s) delivered by Purchaser to Escrow Agent pursuant to Section 3(i) below together with any and all interest earned thereon.

E▇▇▇▇▇▇ Money Deposit. Upon execution of this Agreement, Purchaser shall deposit with F▇▇▇▇▇▇▇▇, on behalf of the Seller Parties, the sum of Twenty-Five Thousand Dollars ($25,000.00) as a good faith, e▇▇▇▇▇▇ money deposit (the “E▇▇▇▇▇▇ Money Deposit”). The E▇▇▇▇▇▇ Money Deposit shall be non-refundable to Purchaser except in the event of Seller Parties’ failure to close that is not the result of any action or inaction attributable to Purchaser, and in such case shall be retained by Seller Parties as liquidated damages for any harm or damages suffered by Seller Parties in connection with the failed Closing. Upon retention of the E▇▇▇▇▇▇ Money Deposit by Seller Parties, if Purchaser fails to proceed to Closing, Seller Parties shall have no further claim hereunder and Purchaser shall not bear any further liability to Seller Parties for its failure to Close. If, after receipt of Purchaser’s Closing Notice, the Seller Parties do not make their schedules available for Closing on a date prior to the November 14, 2014 deadline, or if Seller Parties otherwise breach any of their representations in this Agreement prior to Closing, the E▇▇▇▇▇▇ Money Deposit shall be returned to Purchasers in its entirety, within five (5) business days of the later of November 14, 2014 or Purchaser’s written request therefor. In such event, should Seller Parties fail to return the E▇▇▇▇▇▇ Money Deposit as provided herein, any costs incurred by Purchaser in connection with the collection of such E▇▇▇▇▇▇ Money Deposit, including but not limited to reasonable attorney fees and court costs, shall be borne by the Seller Parties and shall be reimbursed to Purchaser.

E▇▇▇▇▇▇ Money Deposit. Not later than five (5) days following the date on which Buyer shall receive a counterpart of this Agreement fully executed by Buyer and Seller, Buyer shall deposit with Escrow Agent the E▇▇▇▇▇▇ Money Deposit hereunder, to be held and disbursed in accordance with the terms of this Agreement. After clearance of funds, Escrow Agent shall hold the E▇▇▇▇▇▇ Money Deposit in an interest bearing money market account at a federally insured financial institution reasonably acceptable to Buyer and Escrow Agent, and interest earned thereon shall be reported under the United States Taxpayer Identification Number 5▇-▇▇▇▇▇▇▇ of Buyer. All interest earned on the E▇▇▇▇▇▇ Money Deposit, or any portion thereof, shall be deemed to constitute a portion of the E▇▇▇▇▇▇ Money Deposit and shall be disbursed in accordance with the terms of this Agreement. The E▇▇▇▇▇▇ Money Deposit shall be credited to the cash due from Buyer at Closing.

E▇▇▇▇▇▇ Money Deposit. Buyer is tendering to Seller upon execution of this LOI an e▇▇▇▇▇▇-money deposit of $ _____, which shall be refunded in the event Buyer declines to proceed with the Transaction following the Due Diligence Period. When Buyer has completed its due diligence, if Buyer elects to proceed with the Transaction, Buyer shall execute and deliver to Seller the definitive Purchase Agreement together with an additional e▇▇▇▇▇▇-money deposit of $ _______. Following the expiration of the Due Diligence Period, the aggregate $ _______ deposit shall be refunded to Buyer only in the event the Transaction does not close due to Seller’s failure to satisfy any applicable conditions to Closing as provided in the Purchase Agreement.]

E▇▇▇▇▇▇ Money Deposit. Within 3 business days after Purchaser/Lessor’s receipt of (a) 2 fully executed originals of this Agreement; (b) 2 copies of the Escrow documents attached hereto as Exhibit E executed by Seller/Lessee; and (c) a W-9 executed by Seller/Lessee, Purchaser/Lessor shall pay to G▇▇▇▇▇▇▇ S▇▇▇▇▇▇▇▇ H▇▇▇▇▇ & S▇▇▇▇, ▇.▇. (the “Escrow Agent”), to be held in an escrow account, the sum of $25,000 (the “Deposit”) until the Closing. The Purchaser/Lessor shall receive the benefit of all interest, accrued, if any, on the Deposit and shall receive a credit on the total amount of the Deposit plus interest, if any, toward the Purchase Price on the Closing Date (as hereinafter defined) except as set forth hereinafter. If at any time during the Due Diligence Period provided for below (including any extensions), the Purchaser/Lessor chooses not to move forward with the purchase of the Premises, then any funds in escrow shall be returned to Purchaser/Lessor, and neither party shall have any further obligation to the other. At the end of the Due Diligence Period as the same may be extended, this Deposit will become non-refundable to Purchaser/Lessor, but applicable to the Purchase Price. Notwithstanding the immediately preceding sentence, in the event Seller/Lessee defaults after the end of the Due Diligence Period, the Deposit shall be refundable to Purchaser/Lessor, in addition to any other remedies available at law or in equity. The Deposit or a part of the Deposit shall not be delivered to the Seller/Lessee until the Closing or as may otherwise be agreed to by the Parties.

E▇▇▇▇▇▇ Money Deposit. (a) Within one (1) Business Day after the date of this Contract, Buyer shall deposit the sum of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) 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 e▇▇▇▇▇▇ money. If, pursuant to the provisions of Section 3.1, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the E▇▇▇▇▇▇ 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, no later than one (1) Business Day after the expiration of the Review Period, deposit the sum of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) in cash, certified bank check or by wire transfer of immediately available funds (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 “E▇▇▇▇▇▇ Money Deposit.” (b) The E▇▇▇▇▇▇ Money Deposit shall be held by Escrow Agent subject to the terms and conditions of an Escrow Agreement dated as of the date of this Contract entered into by Seller, Buyer and Escrow Agent, in the form attached as Exhibit G hereto (the “Escrow Agreement”). The E▇▇▇▇▇▇ Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes.

E▇▇▇▇▇▇ Money Deposit. Buyer has delivered to Seller a deposit in the amount of NINETY-NINE THOUSAND ONE HUNDRED FORTY-EIGHT AND 21/100 DOLLARS ($99,148.21) (the “Deposit”). THIRTY-THREE THOUSAND FORTY-NINE AND 40/100 DOLLARS ($33,049.40) of the Deposit shall be non-refundable except in the event of a Seller default and shall not be applied against the Purchase Price at Closing. The SIXTY-SIX THOUSAND NINETY-EIGHT AND 81/100 DOLLARS ($66,098.81) balance of the Deposit shall be held by Seller as an e▇▇▇▇▇▇ money deposit (the “E▇▇▇▇▇▇ Money Deposit”), applied against the Purchase Price at Closing, and disbursed as provided in this Contract.