Earnest Money Deposit. An Earnest Money Dexxxxx xn the amount of $50,000 xxxxl be delivered to Escrow Agent within three (3) days after the date of execution by the last of Buyer or Seller to execute and transmit a copy of this Agreement to the other. This Agreement may be terminated by Seller if the Earnest Money Deposit is not received by Exxxxx Xgent by such deadline. The Earnest Money Deposit paid by Buyer shall be xxxx xs specifically provided in this Agreement and shall be applied to the Purchase Price at the Closing.
Earnest Money Deposit. The sum of Fifty Thousaxx xxx No/100 Dollars ($50,000.00) (the "Earnest Money Deposit") shall be paid by Buyer (via wire transfer) xx xxe Title Company within two (2) Business Days after the Effective Date. If Buyer fails to timely remit the Deposit within the time period provided, Seller may, at its option, terminate this Agreement by delivering written notice to Buyer If Seller delivers such a termination notice, this Agreement shall terminate and neither Seller nor Buyer shall have any further rights or obligations pursuant to this Agreement; the Earnest Money shall be returned to Buyer and Buyer shall return axx xxxxrmation supplied by Seller in the Schedules and Exhibits to this Agreement or, in the alternative, certify in writing to Seller that all such materials have been destroyed. The Earnest Money Deposit and any interest thereon are hereinafter rexxxxxx to as "Earnest Money". The Title Company shall deposit the Earnest Money Xxxxxxt into an interest-bearing money market accouxx xxxxtained at a federally insured bank located in Charlotte, North Carolina, approved by Buyer and Seller. All interest earned shall be reported to the Internal Revenue Service as the income of Buyer. The Buyer shall promptly execute such documents as the Title Company may reasonably request in order to properly report such income. Such account shall have no penalty for early withdrawal and Buyer accepts all risks with regard to the account, specifically including the risk of closure of such bank by state and/or federal regulators, and all losses occasioned thereby. If the transaction contemplated hereby is consummated in accordance with the terms and provisions hereof, the Earnest Money shall be paid, at the option of the Buyer, (a) to Sxxxxx xnd credited against the Acquisition Price; or (b) returned to Buyer. If the transaction is not so consummated, the Earnest Money shall be held and delivered by the Title Company as xxxxxxafter provided.
Earnest Money Deposit. Uxxx xxxcution of this document by both parties and receipt of a Seller- signed copy by Purchaser, $20,000 in immediately available funds shall be deposited by Purchaser with Escrow Agent (identified in Section 2) as an earnest money deposit fox xxxx Property ("Property Earnest Money Deposit"). Xxx aggregate of the Property Earnest Money Deposits paxx xx Purchaser for all Properties ($220,000.00) shall be referred to hereinafter as the "Aggregate Earnest Money Deposit." Xxxx receipt of the Aggregate Earnest Money Deposit, Esxxxx Xxent shall insert the date of such receipt on Page 1 of this Agreement (the "Escrow Opening Date') and shall immediately deposit it in a federally insured account and open an escrow account for the transactions contemplated hereby. Any interest earned on escrowed funds shall remain the property of, and be paid to, Purchaser. No additional funds will be escrowed for substituted Alternative Properties.
Earnest Money Deposit. An Xxxxxxt Money Deposit in the xxxxxx of $25,000 shall be delivered to Escrow Agent within three (3) days after the date of execution by the last of Buyer or Seller to execute and transmit a copy of this Agreement to the other. This Agreement may be terminated by Seller if the Earnest Money Deposit is nxx xxxeived by Escrow Agent by such deadline. The Earnest Money Deposit paix xx Xxyer shall be deposited by Escrow Agent in an interest bearing account at First Union National Bank, and shall be held and disbursed by Escrow Agent as specifically provided in this Agreement. The Earnest Money Deposit shall xx xxxxied to the Purchase Price at the Closing.
Earnest Money Deposit. The Earnexx Xxxey Deposit shall be crxxxxxx to the cash due from Buyer at Closing.
Earnest Money Deposit. Wxxxxx xive (5) days following the Execution Date, the REIT shall deposit $50,000 in escrow with the Title Company (the "Earnest Deposit") on axxxxxx of the REIT Capital Contribution. The Earnest Deposit shall be xxxxxx in an interest- 7 bearing account. At the Closing, the Earnest Deposit shall be xxxxxxd against the Cash Payment. In the event this Agreement is terminated for any reason other than as a result of a termination pursuant to Section 10.3(c), the Earnest Deposit required xx xxxs Section 2.4 shall be returned to the REIT. In the event this Agreement is terminated by Transferor pursuant to Section 10.3(c), the Earnest Deposit requirxx xx xhis Section 2.4 shall be paid to MTP on behalf of Transferor.
Earnest Money Deposit. In accordance with that certain Letter of Intxxx xxxed May 31, 2001 between RMG and CCBM, CCBM paid RMG the sum of a non-refundable Earnest Money Deposit of $50,000, and RMG hereby acknowledges the tixxxx xxceipt of the Deposit. The Earnest Money Deposit shall be credited against CCBM's obligation to xxxxx $2.5 million for RMG's share of the drilling program described in Section 2.1. Such credit shall apply to the final payment (s) due by CCBM for such obligation.
Earnest Money Deposit. As ax xxxxxst money deposit (the "Exxxxxx Money Deposit"), Tranxxxxxx has deposited with Chicago Title Insurance Company, 5775-C Peachtree Dunwoody Roax, Xxxxx 000, Xxxxxxx, Xxxxxxx 00000-0000 (xxx "Xxxxxx Xxxxx"), xxx xum of ONE HUNDRED AND NO/100 DOLLARS ($100.00) upon the execution of this Agreement by Transferee, which sum shall be held in escrow and credited toward the Contribution Value at closing or otherwise disbursed by Escrow Agent in accordance with the terms of this Agreement.
Earnest Money Deposit. Fxxxxxxxg its execution of this Agreement, Buyer shall deposit with Seller, by wire transfer or other immediately available funds, ONE MILLION DOLLARS ($1,000,000) as an earnest money deposit (thx "Xxxxest Money Deposit").
Earnest Money Deposit. Sxxxxxxxeous with the mutual execution of this Agreement, the Purchaser has issued a check to the order of the Escrow Agent in the sum of Two Hundred Fifty Thousand Dollars ($250,000) as its earnest money deposit (the "Xxxxxst Money Deposit"). Xx xxx Earnest Money Deposit checx xx xxt honored and paid when presented, then this Agreement shall be NULL AND VOID and neither party shall have any continuing rights, obligations, or liabilities hereunder. The Earnest Money Deposit, aloxx xxxx all interest earnings thereon, shall be delivered to the Seller by the Escrow Agent at the Closing. Escrow Agent shall deposit the Earnest Money Deposit in a xxxxxxte money market escrow account, at a federally insured institution, and shall hold the Earnest Money Deposit as fxxxxxx:
