Purchaser Deposit Sample Clauses

Purchaser Deposit. Purchaser shall deposit with Sellers $200,000 ninety (90) days following the execution of the Stock Purchase Agreement. The deposit will be credited against the purchase price at Closing, returned to the Purchaser if DEA does not approve a change-in-control and therefore this Agreement is terminated or paid to Sellers if DEA approves the change-in-control and Purchaser does not consummate the transaction contemplated by this Agreement for any other reason.
Sample 1Sample 2
AutoNDA by SimpleDocs
Purchaser Deposit. Upon execution of this Agreement Purchaser is depositing $ cash with Equity Partners HG LLC (“Escrow Agent”) as escrow agent (the “Purchaser Deposit”), which Purchaser Deposit shall be released by the Escrow Agent and delivered to either Purchaser or Sellers as follows:
Sample 1Sample 2
Purchaser Deposit. Upon execution of this Agreement and receipt by Purchaser of an invoice from Seller, Purchaser shall pay to Seller a deposit in the amount of US$ * (the “Purchaser Deposit”). * The confidential portion has been omitted pursuant to a request for confidential treatment filed by Air T, Inc. with the Securities Exchange Commission and filed separately with the Commission.
Sample 1
Purchaser Deposit. Within three (3) business days after the Effective Date, PURCHASER shall deliver to the Title Insurer a deposit in the sum of $100,000 (the "Deposit")showing PURCHASER'S good faith which will be held in escrow by the Title Insurer. If PURCHASER terminates this Agreement within the Study Period or the Study Period Extension, as provided herein, or if the terms of purchase are subject to any contingencies as specified, which are not satisfied (or waived) by the date of Closing or such earlier date as set forth in this Agreement, the deposit shall be refunded to PURCHASER. In the event of default by PURCHASER, the deposit shall be forfeited and paid to SELLER as liquidated damages for such default as SELLER'S sole and exclusive remedy.
Sample 1
Purchaser Deposit. Purchaser has deposited the amount of Ten Million and No/100 Dollars ($10,000,000.00) (“Initial Deposit”) with Chicago Title Insurance Company (“Escrow Agent” or “Title Company”) in immediately available federal funds of the United States of America. The Initial Deposit, together with any interest thereon, are collectively referred to herein as the “Deposit.” The Deposit shall be held by Escrow Agent pursuant to an Escrow Agreement in the form attached hereto as Exhibit E.
Sample 1
Purchaser Deposit. Purchaser will deposit a Fifteen Million and No/100 Dollars ($15,000,000.00) Letter of Credit (“Purchaser Letter of Credit”) on the date of the first Closing to occur under any of the Sale Agreements (defined below) with Chicago Title Insurance Company (“Escrow Agent” or “Title Company”). The Purchaser Letter of Credit shall be held by Escrow Agent pursuant to an Escrow Agreement in the form attached hereto as Exhibit E modified to conform to the terms of this Agreement and as required by Title Company when Title Company holds a letter of credit (“Escrow Agreement”). The Purchaser Letter of Credit shall (i) be unconditional and irrevocable, (ii) be in a form reasonably acceptable to Seller, (iii) be issued by a financial institution doing business in the United States of America, with offices in Chicago, Illinois and (iv) expire no earlier than March 15, 2006. The cost of issuing and maintaining the Purchaser Letter of Credit shall be paid by Seller and Seller’s failure to do so shall not be a breach or a default by Purchaser under this Agreement or any Other Agreements (as defined in Section 17.22 below) nor shall Seller have any right to direct Escrow Agent to draw upon the Purchaser Letter of Credit as a result of Seller’s failure as aforesaid. The Purchaser Letter of Credit and the proceeds of the Purchaser Letter of Credit (“Purchaser Proceeds”) have been provided to assure performance and observance by Purchaser of all of its closing obligations under this Agreement and five (5) other sale agreements entered into by and between Seller and Purchaser and dated of even date herewith relating to the sale of properties by Seller to Purchaser (this Agreement and the other five (5) Sale Agreements are herein collectively referred to as the “Sale Agreements”). Accordingly, in the event of the occurrence of a default under Section 13.2 of this Agreement or any of the other Sale Agreements or in the event that the Purchaser Letter of Credit will expire within thirty (30) days or less, Seller shall have the right to direct Escrow Agent to draw upon the Purchaser Letter of Credit. All Purchaser Proceeds received by Escrow Agent shall be retained by Escrow Agent and held or disbursed pursuant to the terms of the Escrow Agreement and this Agreement. At the time of the final Closing of all Properties, including, but not limited to, Substitute Properties (defined below) under all of the Sale Agreements, the Purchaser Letter of Credit shall be delivered to Purchaser....
Sample 1
Purchaser Deposit. On or prior to the Closing Date, the Purchaser or any of its related entities shall deposit $500,000 into a depository account at OSBOT.
Sample 1
AutoNDA by SimpleDocs

Related to Purchaser Deposit

  • Purchase Price; Deposit (a) The purchase price for the Property is AND 00/100 DOLLARS ($ ) (the “Purchase Price”), payable as follows:

  • Closing Escrow The Closing shall take place by means of a so called “New York style” escrow (the “Closing Escrow”), and, at or prior to the Closing, the Parties shall enter into a closing escrow agreement with the Escrow Agent with respect to the Closing Escrow in form and substance reasonably acceptable to Seller, Purchaser and the Escrow Agent (the “Closing Escrow Agreement”) pursuant to which (i) the Purchase Price to be paid by Purchaser pursuant to Section 3.3 shall be deposited with Escrow Agent, (ii) all of the documents required to be delivered by Seller and Purchaser at Closing pursuant to this Agreement shall be deposited with Escrow Agent, and (iii) at Closing, the Purchase Price (as adjusted pursuant to Section 3.1) and the Xxxxxxx Money shall be disbursed to Seller and the documents deposited into the Closing Escrow shall be delivered to Seller and Purchaser (as the case may be) pursuant to the Closing Escrow Agreement.

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.

  • Purchaser Deliveries At the Closing, Purchaser shall deliver to Seller:

  • Purchaser Closing Deliveries At the Closing, Purchaser shall deliver, or cause to be delivered, the following:

  • Closing Payment At the Closing, Buyer will pay or cause to be paid to Seller the Closing Payment Amount, by wire transfer of immediately available funds or by such other means as may be agreed upon by Seller and Buyer.

  • Indemnity Escrow At Closing, cash constituting a portion of the Purchase Price in the amount of Three Million Dollars ($3,000,000) (the “Indemnity Escrow”) shall be placed in an interest-bearing escrow account as security for Sellers’ indemnity obligations set forth in this Agreement. The terms and conditions for the release or forfeiture of the Indemnity Escrow are more particularly set forth in that certain Indemnity Escrow Agreement which shall be executed and delivered by Purchaser, Sellers and the escrow agent at Closing substantially in the form attached hereto as Exhibit 3.1(b) (the “Indemnity Escrow Agreement”); provided that within one (1) Business Day following the eighteen (18) month anniversary of the Closing Date, the Escrow Agent shall deliver to Sellers any amounts remaining in the Indemnity Escrow account, less any amounts that are the subject of a Claim Notice (as defined in the Escrow Agreement) delivered to the Escrow Agent prior to 5:00 p.m. Eastern Time on the eighteen (18) month anniversary of the Closing Date which has not been resolved (“Disputed Amounts”) pursuant to the terms set forth in the Escrow Agreement, such resolution to be evidenced by a written instrument signed by Sellers and Purchaser and delivered to the Escrow Agent. Within one (1) Business Day after the resolution of a dispute as to any Disputed Amounts pursuant to the terms of the Escrow Agreement, the Escrow Agent shall release (A) to Purchaser the amount, if any, payable to the Purchaser in connection with such resolved Disputed Amounts and (B) to Sellers, the remaining balance of the Indemnity Escrow plus all accrued interest thereon, minus any remaining Disputed Amounts.

  • Initial Escrow Amount; Issuance of Escrow Receipts The Escrow Agent hereby directs the Underwriters to, and the Underwriters hereby acknowledge that on the date hereof they shall, irrevocably deliver to the Depositary on behalf of the Escrow Agent, an amount in U.S. dollars (“Dollars”) and immediately available funds equal to $578,712,000 for deposit on behalf of the Escrow Agent with the Depositary in accordance with Section 2.1 of the Deposit Agreement. The Underwriters hereby instruct the Escrow Agent, upon receipt by the Depositary of such sum from the Underwriters, to confirm such receipt by executing and delivering to the Pass Through Trustee an Escrow Receipt in the form of Exhibit A hereto (each, an “Escrow Receipt” and, collectively, the “Escrow Receipts”) (a) to be affixed by the Pass Through Trustee to each Certificate and (b) to evidence the same percentage interest (the “Escrow Interest”) in the Account Amounts (as defined below) as the Fractional Undivided Interest in the Pass Through Trust evidenced by the Certificate to which such Escrow Receipt is to be affixed. The Escrow Agent shall provide to the Pass Through Trustee for attachment to each Certificate newly issued under and in accordance with the Pass Through Trust Agreement Escrow and Paying Agent Agreement (Class AA) (American Airlines 2019-1 Aircraft EETC) an executed Escrow Receipt as the Pass Through Trustee may from time to time request of the Escrow Agent. Each Escrow Receipt shall be registered by the Escrow Agent in a register (the “Register”) maintained by the Escrow Agent in the name of the same holder that is the holder of the Certificate to which such Escrow Receipt is attached and may not thereafter be detached from such Certificate to which it is to be affixed. No Escrow Receipt may be assigned or transferred except in connection with the assignment or transfer of the Certificate to which such Escrow Receipt is affixed. After the termination of the Deposit Agreement (or, if applicable, any Replacement Deposit Agreement), no additional Escrow Receipts shall be issued and the Pass Through Trustee shall request the return to the Escrow Agent for cancellation of all outstanding Escrow Receipts.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Holdback Amount Escrow Agent shall hold back in escrow from Seller’s net proceeds at Closing an amount equal to Seventy-Five Thousand Dollars ($75,000.00) (the “Holdback Amount”). The sole purpose for which the Holdback Amount may be applied is as to any amounts which Seller owes to Purchaser for post-Closing claims to the extent allowed and subject to any limitations set forth in this Agreement. For clarity, the Holdback Amount is intended as a source of payment, but not as a limitation of damages that may be claimed by Purchaser. Except as to any amounts claimed to be owed by Seller to Purchaser which amounts are specifically reflected in a lawsuit commenced against Seller within twelve (12) months after the Closing for damages based upon the post-Closing claim, Escrow Agent shall disburse the balance of the Holdback Amount to Seller immediately following the expiration of the twelve (12) month period. Prior to institution of any such lawsuit, Purchaser shall provide at least ten (10) days prior written notice to Seller, specifying the exact amount and nature of any such claim asserted by Purchaser against the Holdback Amount. Any lawsuit commenced against Seller must specifically set forth the exact amount which is claimed to be owed by Seller to Purchaser, and absent such specific amount being identified, Escrow Agent is authorized to release the entire Holdback Amount to Seller immediately following the expiration of the twelve month (12) month period post-Closing. Any portion of the Holdback Amount which Escrow Agent is entitled to retain pursuant to this Section 3.10 after the passage of the twelve (12) month period, shall continue to be held in escrow pending final and unappealable dismissal or judgment in the action or actions timely commenced by Purchaser or settled pursuant to a written agreement between Seller and Purchaser. If Purchaser obtains a final and unappealable judgment in any such action, Escrow Agent is directed to make a disbursement to Purchaser from the Holdback Amount retained in escrow in the amount of the judgment plus any interest, attorney’s fees, and costs to which it is entitled thereon upon presentation to Escrow Agent and Seller of the court order or other evidence of such final and unappealable judgment. Once all such actions are either finally or unappealably dismissed or a final and unappealable judgment is entered therein or settled pursuant to a written agreement between Seller and Purchaser, and any amount of damages due to Purchaser is paid, whether from the Holdback Amount or otherwise, Escrow Agent is directed to disburse to Seller any remaining balance of the Holdback Amount. The parties shall execute any additional escrow instructions not inconsistent with the foregoing reasonably required by Escrow Agent or either party relating to the Holdback Amount. Escrow Agent’s fees and costs for holding and disbursing the Holdback Amount shall be shared equally by Seller and Purchaser.

Time is Money Join Law Insider Premium to draft better contracts faster.