The Xxxxxxx Money Deposit. (a) Upon Purchaser's execution and delivery of this Agreement, Purchaser shall deposit with the Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the sum of THIRTY THREE THOUSAND THREE HUNDRED THIRTY FOUR and No/100 Dollars ($33,334.00) as an initial xxxxxxx money deposit on account of the Purchase Price (the "Initial Xxxxxxx Money Deposit"). TIME IS OF THE ESSENCE with respect to the deposit of the Initial Xxxxxxx Money Deposit.
The Xxxxxxx Money Deposit. On the date two (2) Business Days after the execution and delivery of this Agreement by Purchaser, Purchaser shall deposit with the Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the sum of Five Hundred Thousand Dollars ($500,000.00) as the xxxxxxx money deposit on account of the Purchase Price (the “Xxxxxxx Money Deposit”). TIME IS OF THE ESSENCE with respect to the deposit of the Xxxxxxx Money Deposit.
The Xxxxxxx Money Deposit. BKP has deposited with the Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the sum of Forty-Five Million Dollars ($45,000,000) as the deposit (the “Xxxxxxx Money Deposit,” which term shall include all interest earned thereon). Except to the extent otherwise expressly set forth in this Agreement, the Xxxxxxx Money Deposit shall be non-refundable to BKP. If for any reason whatsoever BKP fails to deliver the Deposit to the Escrow Agent, on or before the Deposit Deadline, then this Agreement shall automatically be deemed terminated and neither party shall have any further obligations to the other under this Agreement except for the Termination Surviving Obligations.
The Xxxxxxx Money Deposit. On the Effective Date, Purchaser shall deposit with the Title Company, in good funds immediately collectible by the Title Company, the sum of One Million One Hundred Fifty Five Thousand Two Hundred Eighty Nine and No/100 Dollars ($1,155,289.00) (the "Initial Deposit"), which will be held in escrow by the Title Company pursuant to the terms of this Agreement. If Purchaser does not elect to consummate the Closing on or before November 16, 2004 by a notice to Seller given on or before November 14, 2004, then Purchaser shall by the close of business on November 16, 2004 deposit with the Title Company, in good funds immediately collectible by the Title Company, the sum of One Million One Hundred Fifty Five Thousand Two Hundred Eighty Nine and No/100 Dollars ($1,155,289.00) (the "Additional Deposit"). If Purchaser fails to either consummate the Closing or deposit the Additional Deposit with Title Company on or before November 16, 2004, then Purchaser shall be in default of this Agreement, and the terms and provisions of Section 13.2 shall be applicable. The Initial Deposit and Additional Deposit (plus all interest earned thereon) shall be the "Xxxxxxx Money Deposit" for purposes of this Agreement.
The Xxxxxxx Money Deposit. Simultaneously with the execution and delivery of this Agreement by Purchaser, Purchaser shall deposit with the Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the sum of Five Hundred Thousand Dollars ($500,000.00) as the xxxxxxx money deposit on account of the Purchase Price (the “Xxxxxxx Money Deposit”).
The Xxxxxxx Money Deposit. On or before the date hereof, Purchaser shall deposit with the Escrow Agent by wire transfer of immediately available funds the amount set forth in Schedule 3.3 as the xxxxxxx money deposit on account of the Purchase Price (the “Xxxxxxx Money Deposit”).
The Xxxxxxx Money Deposit. Within two (2) Business Days following the execution and delivery of this Agreement by Purchaser, Purchaser shall deposit with the Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the sum of Two Million Five Hundred Thousand Dollars ($2,500,000) as the xxxxxxx money deposit on account of the Purchase Price (the "XXXXXXX MONEY DEPOSIT"). In the event that Purchaser shall fail to deliver to Escrow Agent the Xxxxxxx Money Deposit within the aforesaid two (2) Business Day period, then this Agreement shall automatically terminate and be void AB INITIO. TIME IS OF THE ESSENCE with respect to the deposit of the Xxxxxxx Money Deposit.
The Xxxxxxx Money Deposit. Within two (2) Business Days after the execution and delivery of this Agreement by Purchaser, Purchaser shall deposit with Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the sum of Four Million Seven Hundred Thousand and 00/100 Dollars ($4,700,000.00) as an xxxxxxx money deposit on account of the Purchase Price (the “Initial Xxxxxxx Money Deposit”). TIME IS OF THE ESSENCE with respect to the deposit of the Initial Xxxxxxx Money Deposit. If Purchaser provides a Notice to Proceed to Seller prior to the expiration of the Evaluation Period pursuant to Section 5.3(c) below, then within one (1) Business Day after the expiration of the Evaluation Period, Purchaser shall deposit the additional sum of Four Million Seven Hundred Thousand and 00/100 Dollars ($4,700,000.00) with Escrow Agent as an additional xxxxxxx money deposit on account of the Purchase Price (the “Additional Xxxxxxx Money Deposit”). TIME IS OF THE ESSENCE with respect to the deposit of the Additional Xxxxxxx Money Deposit. The Initial Xxxxxxx Money Deposit and the Additional Xxxxxxx Money Deposit, together with any interest earned thereon, are hereinafter referred to individually and collectively as the “Xxxxxxx Money Deposit”.
The Xxxxxxx Money Deposit. (EMD) of Rs.50,000/- in the form of Demand Draft in favour of “Pay & Account Officer, Ministry of External Affairs, New Delhi” payable at New Delhi is required to be submitted in a sealed envelope superscribed “Tender for painting and polishing of common areas at CPC”, on or before the closing date and time of e-submission of online bids to Administrative Officer (CPC) failing which the bids will not be considered.
The Xxxxxxx Money Deposit. Purchaser has deposited with the Escrow Agent, by Federal Reserve wire transfer of immediately available funds, the sum of Thirty Million Dollars ($30,000,000) as the deposit (the “Xxxxxxx Money Deposit,” which term shall include all interest earned thereon). Except to the extent otherwise expressly set forth in this Agreement, the Xxxxxxx Money Deposit shall be non-refundable to Purchaser. If for any reason whatsoever Purchaser fails to deliver the Deposit to the Escrow Agent, on or before the Deposit Deadline, then this Agreement shall automatically be deemed terminated and neither party shall have any further obligations to the other under this Agreement except for the Termination Surviving Obligations.
