Second Deposit. Within one (1) day following the Approval Date (as defined herein) Buyer shall deposit into Escrow the sum of One Hundred Fifty Thousand Dollars ($150,000.00) ("Second Deposit"). At Close of Escrow the Second Deposit shall be applicable to the Purchase Price. The Initial Deposit and the Second Deposit together with interest thereon, are sometimes collectively referred to herein as the "Deposit".
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Basic Us Reit Inc), Purchase and Sale Agreement (Basic Us Reit Inc)