Xxxxxxx Money and Independent Consideration Sample Clauses

Xxxxxxx Money and Independent Consideration. 2.2.1 Within three (3) business days after the Effective Date of this Agreement, Purchaser shall deposit xxxxxxx money with the Title Company/Escrow Agent (as hereinafter defined) in the amount of TWO MILLION AND NO /100 DOLLARS ($2,000,000.00) (the “Initial Deposit”). In the event that Purchaser does not exercise its right to terminate this Agreement pursuant to Section 3.6 hereof on or before the Approval Date, then Purchaser shall, on April 30, 2016 and May 30, 2016, deposit with the Title Company/Escrow Agent additional xxxxxxx money deposits, each in the amount of ONE MILLION AND NO/100 DOLLARS ($1,000,000.00) (collectively, the “Additional Deposit”). The Initial Deposit and the Additional Deposit are sometimes collectively referred to herein as the “Deposit.” Upon delivery of the Deposit to the Title Company/Escrow Agent, the Deposit shall be non‑refundable (except as otherwise specified herein). The Deposit shall be in good funds, either by cashier’s check or by federal wire transfer and shall be delivered to and held by the Title Company/Escrow Agent pursuant to the terms, covenants and conditions of this Agreement. If Purchaser fails to make the Deposit as and when required herewith, Seller may terminate this Agreement by written notice to Purchaser, in which case the parties shall have no further obligation to each other except for any provisions that expressly survive the termination of this Agreement.
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Xxxxxxx Money and Independent Consideration. Within three (3) business days after the full execution of this Contract by both Seller and Buyer, Buyer shall deposit FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000) as "XXXXXXX MONEY" with the "Title Company," as hereinafter defined ("ESCROW AGENT"). The Xxxxxxx Money will be deposited in a federally insured, market rate, interest-bearing account chosen by Escrow Agent. At Closing, the Xxxxxxx Money and any interest earned thereon will be applied to the Sales Price. Notwithstanding any provision of this Contract to the contrary, a portion of the Xxxxxxx Money in the amount of ONE HUNDRED AND NO/100 DOLLARS ($100.00) shall be non-refundable and shall be distributed to Seller at the Closing or other termination of this Contract (other than a termination resulting from Seller's breach of this Contract), as full payment and independent contract consideration for Seller's performance under this Contract.
Sample 1
Xxxxxxx Money and Independent Consideration. Within three (3) Business Days after the Effective Date, Buyer shall deliver by wire transfer or other immediately available funds the sum of $500,000.00 and all interest accrued thereon (the “Xxxxxxx Money”) to Independence Title Company, 00000 Xxxxxxx Xxxxx, Xxxxx 000, Xxx Xxxxxxx, Xxxxx 00000, Attention: Xxxxx X. Xxxxxx ("Title Company"). The Xxxxxxx Money shall thereafter be held by the Title Company in escrow in an interest bearing account to be applied or disbursed as herein provided. Notwithstanding the foregoing and anything in this Contract to the contrary, $100.00 of the Xxxxxxx Money shall be non-refundable in all circumstances and shall constitute consideration paid by Buyer to Seller for Buyer’s Review Period (hereafter defined) (the “Independent Consideration”). Seller and Buyer hereby mutually acknowledge and agree that the Independent Consideration represents adequate bargained for consideration for Seller's execution and delivery of this Contract and Buyer' s right to inspect the Property pursuant to the terms of this Contract. The Independent Consideration is independent of any other consideration or payment provided for in this Contract and is nonrefundable in all events. Notwithstanding anything contained in this Contract to the contrary, if Buyer's Review Period has expired and Buyer has not timely terminated this Contract pursuant to Section 8.11, then the Xxxxxxx Money will be non-refundable to Buyer except in the event of Seller default as provided in Section 8.1 or pursuant to Section 8.12. If the purchase and sale hereunder is consummated in accordance with the terms
Sample 1
Xxxxxxx Money and Independent Consideration. Payment of the Purchase Price is to be made in cash as follows:
Sample 1
Xxxxxxx Money and Independent Consideration. Payment of the Purchase Price is to be made in cash as follows: 2.2.1 (a) On July 31, 2013, Purchaser shall deposit xxxxxxx money with the Title Company (as hereinafter defined) in the amount of Eight Hundred Twelve Thousand Five Hundred AND NO/100 DOLLARS ($812,500.00) (the “Deposit”) in the form of cash to be held by Title Company pursuant to the terms, covenants and conditions of this Agreement. Upon delivery of the Deposit to the Title Company, the Deposit shall be non-refundable (except as otherwise specified herein). The Deposit shall be in good funds, either by cashier’s check or by federal wire transfer and shall be delivered to and held by the Title
Sample 1
Xxxxxxx Money and Independent Consideration. 2.2.1 Within one (1) day after the Effective Date of this Agreement, Purchaser shall deposit xxxxxxx money with the Title Company/Escrow Agent (as hereinafter defined) in the amount of [AMOUNT] DOLLARS (the "Deposit"). The Deposit shall be non refundable (except as otherwise specified herein). The Deposit shall be in good funds, either by cashier's check or by federal wire transfer and shall be delivered to and held by the Title Company/Escrow Agent pursuant to the terms, covenants and conditions of this Agreement. If Purchaser fails to make the Deposit as and when required herewith, Seller may terminate this Agreement by written notice to Purchaser, in which case the parties shall have no further obligation to each other except for any provisions that expressly survive the termination of this Agreement.
Sample 1

Related to Xxxxxxx Money and Independent Consideration

  • Independent Contract Consideration Upon the Effective Date, Purchaser shall deliver to Seller a check in the amount of Fifty Dollars ($50) (the “Independent Contract Consideration”), which amount Seller and Purchaser hereby acknowledge and agree has been bargained for and agreed to as consideration for Seller’s execution and delivery of this Agreement. The Independent Contract Consideration is in addition to and independent of any other consideration or payment provided for in this Agreement, and is nonrefundable in all events.

  • Independent Consideration Contemporaneously with the execution and delivery of this Agreement, Buyer has paid to Seller as further consideration for this Agreement, in cash, the sum of One Hundred Dollars ($100.00) (the “Independent Consideration”), in addition to the Deposit and the Purchase Price and independent of any other consideration provided hereunder, which Independent Consideration is fully earned by Seller and is non-refundable under any circumstances.

  • Sole Consideration Employee and the Company agree and acknowledge that the sole and exclusive consideration for the Incentive Payments is Employee’s forbearance as described in subsection 7(h)(iii) above. In the event that subsection 7(h)(iii) is deemed unenforceable or invalid for any reason, then the Company will have no obligation to make Incentive Payments for the period of time during which it has been deemed unenforceable or invalid. The obligations and duties of this subsection 7(h) shall be separate and distinct from the other obligations and duties set forth in this Agreement, and any finding of invalidity or unenforceability of this subsection 7(h) shall have no effect upon the validity or invalidity of the other provisions of this Agreement.

  • FOR GOOD AND VALUABLE CONSIDERATION Borrower hereby forever relieves, releases, and discharges Bank and its present or former employees, officers, directors, agents, representatives, attorneys, and each of them, from any and all claims, debts, liabilities, demands, obligations, promises, acts, agreements, costs and expenses, actions and causes of action, of every type, kind, nature, description or character whatsoever, whether known or unknown, suspected or unsuspected, absolute or contingent, arising out of or in any manner whatsoever connected with or related to facts, circumstances, issues, controversies or claims existing or arising from the beginning of time through and including the date of execution of this Amendment (collectively “Released Claims”). Without limiting the foregoing, the Released Claims shall include any and all liabilities or claims arising out of or in any manner whatsoever connected with or related to the Loan Documents, the Recitals hereto, any instruments, agreements or documents executed in connection with any of the foregoing or the origination, negotiation, administration, servicing and/or enforcement of any of the foregoing.

  • Consideration Other Than Cash In the case of the issuance of Common Stock (otherwise than upon the conversion of shares of capital stock or other securities of the Company) for a consideration in whole or in part other than cash, including securities acquired in exchange therefor (other than securities by their terms so exchangeable), the consideration other than cash shall be deemed to be the fair value thereof as determined by the Board of Directors in good faith, irrespective of any accounting treatment.

  • Acquisition Consideration As consideration for the sale of the Company Membership Interests of the Sellers to Buyer, Buyer shall immediately issue and deliver to Sellers that number of shares (rounded upward to the nearest whole share) of Buyer’s voting common stock, par value $0.001 per share (the “Buyer Common Stock”) as set forth in Schedule 2.02. The issuance and delivery of the Acquisition Shares is intended to be exempt from the registration requirements of the Securities Act pursuant to 4(2) thereof and Rule 506 of Regulation D promulgated thereunder; and exempt from the registration or qualification requirements of any applicable state securities laws. As a result, the Acquisition Shares may not be offered, sold, or transferred by the holder thereof until either a registration statement under the Securities Act or applicable state securities laws shall have become effective with regard thereto, or an exemption under the Securities Act and applicable state securities laws is available with respect to any proposed offer, sale or transfer.

  • Cash Consideration In case of the issuance or sale of additional Shares for cash, the consideration received by the Company therefor shall be deemed to be the amount of cash received by the Company for such Shares (or, if such Shares are offered by the Company for subscription, the subscription price, or, if such Shares are sold to underwriters or dealers for public offering without a subscription offering, the public offering price), without deducting therefrom any compensation or discount paid or allowed to underwriters or dealers or others performing similar services or for any expenses incurred in connection therewith.

  • Transaction Consideration The Transaction Consideration;

  • The Consideration 2.1 The Borrower agrees, as consideration for the Loan, to:

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