Common use of Method of Payment of Purchase Price Clause in Contracts

Method of Payment of Purchase Price. No later than 12:00 p.m. Eastern time on the Closing Date, Purchaser shall deposit with Escrow Agent the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's Costs"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization by the parties at Closing, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV

Appears in 6 contracts

Samples: Agreement of Sale and Purchase (Mack Cali Realty L P), Agreement of Sale and Purchase (Mack Cali Realty Corp), Agreement of Sale and Purchase (Mack Cali Realty L P)

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Method of Payment of Purchase Price. No later than 12:00 p.m. Eastern time on the Closing DateDeposit Time, Purchaser shall will deposit in escrow with Escrow Agent the Title Company the Purchase Price (less the Xxxxxxx Money Depositsubject to adjustments described in Section 10.4), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's Costs")Agreement, by Federal Reserve wire transfer of immediately available funds to the an account of Escrow Agent. Escrow Agent, following authorization to be designated by the parties at Closing, shall Title Company. No later than 10:00 a.m. Pacific Time on the Closing Date: (a) Purchaser will cause the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account to be designated by Seller, the Purchase Price, Price (subject to adjustments described in Section 10.4), less any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement; and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller Seller, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV.

Appears in 2 contracts

Samples: Agreement of Sale and Purchase (Maguire Properties Inc), Agreement of Sale and Purchase (Maguire Properties Inc)

Method of Payment of Purchase Price. No later than 12:00 1:00 p.m. Eastern time Time on the Closing Date, Purchaser shall deposit with Escrow Agent pay to Seller the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's CostsPURCHASER'S COSTS"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization and instruction by the parties at Closing, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to less any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IVand

Appears in 2 contracts

Samples: Agreement of Sale and Purchase (Mack Cali Realty L P), Agreement of Sale and Purchase (Mack Cali Realty L P)

Method of Payment of Purchase Price. No later than 12:00 2:00 p.m. Eastern time Time on the Closing Date, Purchaser shall deposit with Escrow Agent pay the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's ’s Costs"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization by the parties at Closing, shall shall, prior to 3:00 p.m. Eastern Time (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to less any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreementthe Closing Statement executed by Seller and Purchaser, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreementthe executed Closing Statement, and (iii) pay Purchaser's ’s Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IVthe executed Closing Statement.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Mack Cali Realty L P)

Method of Payment of Purchase Price. No later than 12:00 p.m. Eastern time noon Pacific Time on the Closing Date, Purchaser shall deposit with Escrow Agent pay the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's Costs"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following written authorization by the parties at Closing, which shall be given prior to 1:00 p.m. Pacific Time on the Closing Date, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to less any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, (ii) pay to the appropriate payees payees, out of the proceeds of Closing payable to Seller Seller, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Griffin Capital Essential Asset REIT II, Inc.)

Method of Payment of Purchase Price. No later than 12:00 p.m. Eastern time on the Closing Date, Purchaser shall deposit with Escrow Agent pay to Seller the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's CostsPURCHASER'S COSTS"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization by the parties at Closing, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to less any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Mack Cali Realty Corp)

Method of Payment of Purchase Price. No later than 12:00 p.m. Eastern time on the Closing DateDeposit Time, Purchaser shall will deposit in escrow with Escrow Agent the Title Company the Purchase Price (less the Xxxxxxx Money Depositsubject to adjustments described in Section 10.4), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's Costs")Agreement, by Federal Reserve wire transfer of immediately available funds to the an account of Escrow Agent. Escrow Agent, following authorization to be designated by the parties at Closing, shall Title Company. No later than 11:00 a.m. Central Standard Time on the Closing Date: (a) Purchaser will cause the Title Company to (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account to be designated by Seller, the Purchase Price, Price (subject to adjustments described in Section 10.4), less any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement; and (b) Seller will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller Seller, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV.

Appears in 1 contract

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

Method of Payment of Purchase Price. No later than 12:00 1:00 p.m. Eastern time Time on the Closing Date, Purchaser shall deposit with Escrow Agent pay to Seller the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's CostsPURCHASER'S COSTS"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization and instruction by the parties at Closing, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to less any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Mack Cali Realty L P)

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Method of Payment of Purchase Price. No later than 12:00 p.m. Eastern time noon (New York time) on the Scheduled Closing Date, subject to the satisfaction of the conditions set forth in Section 9.1 or elsewhere in this Agreement to be satisfied prior to Closing, Purchaser shall deposit deliver to the Title Agent for payment to Seller in accordance with Escrow Agent the terms of this Agreement, the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("collectively, “Purchaser's ’s Costs"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow the Title Agent. Escrow The Title Agent, following authorization and instruction by the parties at the Closing, shall (ia) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to less any costs or other amounts to be adjusted, pro-rated or paid by Seller at the Closing and prorations pursuant to the terms of this Agreement, (iib) pay to the appropriate payees out of the proceeds of Closing closing payable to Seller all costs and amounts to be paid by Seller at the Closing pursuant to the terms of this Agreement, and (iiic) pay Purchaser's ’s Costs to the appropriate payees at the Closing pursuant to the terms of this Agreement. ARTICLE IV.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Macerich Co)

Method of Payment of Purchase Price. No later than 12:00 2:00 p.m. Eastern time Standard Time on the Closing Date, Purchaser shall deposit with Escrow Agent pay the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's ’s Costs"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization by the parties at Closing, shall shall, prior to 3:00 p.m. Eastern Standard Time (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to less any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreementthe Closing Statement executed by Seller and Purchaser, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreementthe executed Closing Statement, and (iii) pay Purchaser's ’s Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IVthe executed Closing Statement.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Mack Cali Realty L P)

Method of Payment of Purchase Price. No later than 12:00 p.m. Eastern time on the Closing DateDeposit Time, Purchaser shall will deposit in escrow with Escrow Agent the Title Company the Purchase Price (less the Xxxxxxx Money Depositsubject to adjustments described in Section 10.4), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's Costs")Agreement, by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization by the parties at Closing, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account to be designated by Sellerthe Title Company. No later than 2:00 p.m. Pacific Time on the Closing Date: (a) Purchaser will cause the Title Company to (i) pay to Sellers by Federal Reserve wire transfer of immediately available federal funds to an account to be designated by Sellers, the Purchase Price, Price (subject to adjustments described in Section 10.4), less any costs or other amounts to be adjusted, pro-rated or paid by Seller Sellers at Closing pursuant to the terms of this Agreement, and (ii) pay to all appropriate payees the other costs and amounts to be paid by Purchaser at Closing pursuant to the terms of this Agreement, and (b) Sellers will direct the Title Company to pay to the appropriate payees out of the proceeds of Closing payable to Seller Sellers, all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees Sellers at Closing pursuant to the terms of this Agreement. ARTICLE IV20

Appears in 1 contract

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

Method of Payment of Purchase Price. No later than 12:00 p.m. 10:00 a.m. Eastern time on the Closing Date, Purchaser shall deposit with Escrow Agent pay to Seller the Purchase Price (less the Xxxxxxx Money Deposit), subject to adjustments and credits contemplated hereby, together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's ’s Costs"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization by the parties at Closing, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to adjustments and credits contemplated hereby and less any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's ’s Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV.

Appears in 1 contract

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

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