Form; Failure to Deposit. The Xxxxxxx Money shall be paid by wire transfers to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit all of the Xxxxxxx Money within the time periods required, Seller may terminate this Agreement by written notice to Purchaser and Escrow Agent, in which event any Xxxxxxx Money that has previously been deposited by Purchaser with Escrow Agent shall be immediately delivered to Seller 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 4 contracts
Samples: Member Interest Purchase and Sale Agreement (Dividend Capital Total Realty Trust Inc.), Purchase and Sale Agreement (Dividend Capital Total Realty Trust Inc.), Member Interest Purchase and Sale Agreement (Istar Financial Inc)
Form; Failure to Deposit. The Xxxxxxx Money shall be paid by in the form of a certified or cashier’s check or the wire transfers transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit all any portion of the Xxxxxxx Money within the time periods required, Seller may terminate this Agreement by written notice to Purchaser and Escrow AgentPurchaser, in which event any Xxxxxxx Money that has previously been deposited by Purchaser with Escrow Agent shall be immediately delivered to Seller 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 2 contracts
Samples: Purchase and Sale Agreement (Behringer Harvard Opportunity REIT I, Inc.), Purchase and Sale Agreement (Inland American Real Estate Trust, Inc.)
Form; Failure to Deposit. The Xxxxxxx Exxxxxx Money shall be paid by in the form of a certified or cashier’s check or a wire transfers transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit all any portion of the Xxxxxxx Exxxxxx Money within the time periods required, Seller may terminate this Agreement by written notice to Purchaser and Escrow AgentPurchaser, in which event any Xxxxxxx Exxxxxx Money that has previously been deposited by Purchaser with Escrow Agent shall be immediately delivered to Seller 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 hereofof this Agreement.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (McAfee Corp.), Purchase and Sale Agreement (Industrial Property Trust Inc.)
Form; Failure to Deposit. The Xxxxxxx Money shall be paid by in the form of a certified or cashier’s check or the wire transfers transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit all any portion of the Xxxxxxx Money within the time periods required, Seller may terminate this Agreement by written notice to Purchaser and Escrow Agent, in which event any Xxxxxxx Money that has previously been deposited by Purchaser with Escrow Agent shall be immediately delivered to Seller 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 (Lighting Science Group Corp)
Form; Failure to Deposit. The Xxxxxxx Exxxxxx Money shall be paid by in the form of a certified or cashier’s check or the wire transfers transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit all any portion of the Xxxxxxx Exxxxxx Money within the time periods period required, Seller may terminate this Agreement by written notice to Purchaser and Escrow AgentPurchaser, in which event any Xxxxxxx Exxxxxx Money that has previously been deposited by Purchaser with Escrow Agent shall be immediately delivered to Seller 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
