Common use of Form; Failure to Deposit Clause in Contracts

Form; Failure to Deposit. The Xxxxxxx Money shall be in the form of a wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Initial Xxxxxxx Money within the time period required, Seller may terminate this Agreement by written notice to Purchaser, and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Gyrodyne, LLC)

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Form; Failure to Deposit. The Xxxxxxx Money shall be in the form of a (a) check or (b) wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Initial Xxxxxxx Money within the time period periods required, Seller may terminate this Agreement by written notice to Purchaser, and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Inland Western Retail Real Estate Trust Inc)

Form; Failure to Deposit. The Xxxxxxx Money shall be in the form of a certified or cashier's check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Initial Xxxxxxx Money within the time period required, Seller may terminate this Agreement by written notice to Purchaser at any time prior to the actual receipt by Escrow Agent of such deposit from Purchaser, and thereafter in which event the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cole Credit Property Trust V, Inc.)

Form; Failure to Deposit. The Xxxxxxx Money shall be in the form of a certified or cashier’s checks or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser Buyer fails to timely deposit any portion of the Initial Xxxxxxx Money within the time period required, Seller may terminate this Agreement by written notice to PurchaserBuyer. If such termination results from Buyer’s failure to timely deposit any of the Xxxxxxx Money, and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (X Rite Inc)

Form; Failure to Deposit. The Xxxxxxx Exxxxxx Money shall be in the form of a certified or cashier’s check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser Buyer fails to timely deposit any portion of the Initial Xxxxxxx Exxxxxx Money within the time period periods required, Seller may terminate this Agreement by written notice to PurchaserBuyer, and thereafter in which event the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Hines Real Estate Investment Trust Inc)

Form; Failure to Deposit. The Xxxxxxx Money shall be in the form of a the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Initial Xxxxxxx Money within the time period periods required, Seller may terminate this Agreement by written notice to Purchaser, and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Asbury Automotive Group Inc)

Form; Failure to Deposit. The Xxxxxxx Money shall be in the form of a certified or cashier’s check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser Inland fails to timely deposit any portion of the Initial Xxxxxxx Money within the time period periods required, Seller Capital I may terminate this Agreement by written notice to PurchaserInland, and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Inland Western Retail Real Estate Trust Inc

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Form; Failure to Deposit. The Each deposit of the Xxxxxxx Money shall be in the form of a certified or cashier’s check or the wire transfer to Seller or Escrow Agent (as applicable) of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Initial Xxxxxxx Money within the time period periods required, Seller may terminate this Agreement by written notice to Purchaser, and thereafter in which event the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Amerivest Properties Inc)

Form; Failure to Deposit. The Xxxxxxx Money shall be in the form of a certified or cashier’s check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Initial Xxxxxxx Money within the time period periods required, Seller may terminate this Agreement by written notice to Purchaser, Purchaser and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Real Estate Investment Trust Ii Inc)

Form; Failure to Deposit. The Xxxxxxx Money shall be in the form of a certified or cashier’s check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Initial Xxxxxxx Money within the time period periods required, Seller Sellers may terminate this Agreement by written notice to Purchaser, and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Purchase Agreement (Inland Western Retail Real Estate Trust Inc)

Form; Failure to Deposit. The Xxxxxxx Money shall be in the form of a certified or cashier’s check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser Buyer fails to timely deposit any portion of the Initial Xxxxxxx Money within the time period periods required, Seller may terminate this Agreement by written notice to PurchaserBuyer, and thereafter in which event the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Terreno Realty Corp)

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