Common use of Final Deposit Clause in Contracts

Final Deposit. Upon satisfaction or waiver of Purchaser's condition precedent set forth in Section 10.19, Purchaser shall deliver to Escrow Agent by wire transfer of federal funds a final good faith deposit towards the Purchase Price in the amount of $12,500 (the "Final Escrow Deposit") to be held pursuant to the Escrow Agreement (together, the Initial Escrow Deposit and the Final Escrow Deposit shall be referred to as the "Escrow Deposit").

Appears in 2 contracts

Sources: Asset Purchase Agreement (Balanced Care Corp), Asset Purchase Agreement (Balanced Care Corp)