Common use of Non-Refundable Payment Clause in Contracts

Non-Refundable Payment. No later than two (2) business days after the Effective Date, Purchaser shall pay to Seller in good funds by federal wire transfer the sum of Twenty Six Thousand Dollars ($26,000) as consideration for Seller entering into this Agreement (the "Initial Payment"). The Initial Payment shall be earned by Seller entering into this Agreement and the Other TC Agreements (hereinafter defined) and shall be non-refundable (subject to the provisions of Sections 6.2 and 7.2 hereof). The Initial Payment shall be credited against the Purchase Price in accordance with Section 1.8 hereof.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Town & Country Trust)

Non-Refundable Payment. No later than two (2) business days after the Effective Date, Purchaser shall pay to Seller deposit with the Escrow Agent in good funds by federal wire transfer the sum of Twenty Six One Hundred Fifty Thousand Dollars ($26,000150,000) in accordance with the terms and conditions of this Agreement as consideration for Seller entering into this Agreement (the "Initial Payment"). The Initial Payment shall be earned by Seller entering into this Agreement and the Other TC Agreements Agreement (hereinafter defined) and shall be non-refundable (subject to the provisions of Sections 2.4, 6.2 and 7.2 hereof). The Initial Payment shall be credited against the Purchase Price in accordance with Section 1.8 hereof.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Town & Country Trust)

Non-Refundable Payment. No later than two (2) business days after the Effective Date, Purchaser shall pay to Seller deposit with the Escrow Agent in good funds by federal wire transfer the sum of Twenty Six One Hundred Thousand Dollars ($26,000100,000) in accordance with the terms and conditions of this Agreement as consideration for Seller entering into this Agreement (the "Initial Payment"). The Initial Payment shall be earned by Seller entering into this Agreement and the Other TC Agreements Agreement (hereinafter defined) and shall be non-refundable (subject to the provisions of Sections 2.4, 6.2 and 7.2 hereof). The Initial Payment shall be credited against the Purchase Price in accordance with Section 1.8 hereof.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Town & Country Trust)

Non-Refundable Payment. No later than two (2) business days after the Effective Date, Purchaser shall pay to Seller in good funds by federal wire transfer the sum of Forty Thousand Seven Hundred Twenty Six Thousand Dollars ($26,00040,720) as consideration for Seller entering into this Agreement (the "Initial Payment"). The Initial Payment shall be earned by Seller entering into this Agreement and the Other TC Agreements (hereinafter defined) and shall be non-refundable (subject to the provisions of Sections 6.2 and 7.2 hereof). The Initial Payment shall be credited against the Purchase Price in accordance with Section 1.8 hereof.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Town & Country Trust)

Non-Refundable Payment. No later than two (2) business days after the Effective Date, Purchaser shall pay to Seller in good funds by federal wire transfer the sum of Twenty Six Thirty-Three Thousand Two Hundred Eighty Dollars ($26,00033,280) as consideration for Seller entering into this Agreement (the "Initial Payment"). The Initial Payment shall be earned by Seller entering into this Agreement and the Other TC Agreements (hereinafter defined) and shall be non-refundable (subject to the provisions of Sections 6.2 and 7.2 hereof). The Initial Payment shall be credited against the Purchase Price in accordance with Section 1.8 hereof.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Town & Country Trust)