RE: 69 single family detached lots (see below for Lot and Section Numbers) in the Fawn Lake subdivision located south of Orange Plank Road (Route 621) in Spotsylvania County, Virginia
Deposit. For the purposes of consideration Purchaser will post a Fifty Thousand Dollar ($50,000) cash deposit within five (5) days of the Effective Date of the Purchase Agreement with Shulman, Rogers, Gandal, Pordy & Ecker, P.A (Escrow Agent) (the First Deposit). The First Deposit shall be non-refundable to Purchaser unless Purchaser terminates the Purchase Agreement prior to the expiration of the Inspection Period in accordance with the terms of the Purchase Agreement, or Sellers default as set forth in the Purchase Agreement. Purchaser shall have the option to purchase the thirty-eight (38) Lots in Section 17B which option is exercisable by Purchaser by the payment in cash to Escrow Agent of a second deposit in the amount of One Hundred Fifty Thousand Dollars ($150,000) at or prior to the closing of the 22nd Lot purchased by the Purchaser (the Second Deposit). In the event Purchaser makes the Second Deposit, Purchaser shall be obligated to purchase the thirty-eight (38) Lots in Section 17B and the Second Deposit shall be non-refundable except as provided in the Purchase Agreement. In the event Purchaser determines not to make the Second Deposit, there is no penalty to the Purchaser, but Purchaser shall have no right to purchase the thirty-eight (38) Lots in Section 17B and Seller shall have the right to sell those Lots to another entity. The First Deposit shall be credited to each Lot settlement on a pro rata basis for the first thirty-one (31) Lots. If Purchaser posts the Second Deposit to Escrow Agent, it will be credited on a pro rata basis for each of the remaining thirty- eight (38) Lots in Section 17B.
Deposit from Amended and Restated
THIS AMENDED AND RESTATED PRODUCT SERVICES AND SUPPLY AGREEMENT and Exhibits A, B, C and D thereto (the or this Agreement) is made and entered into as of August 6, 2008, (the Effective Date) by and between eDiets.com, Inc., a Delaware corporation, together with its affiliates, subsidiaries, successors in interest, entities it controls or entities under similar or common ownership (EDI), and PURFOODS, LLC, an Iowa limited liability company, together with its affiliates, subsidiaries, successors in interest, entities it controls or entities under similar or common ownership (Purfoods).
Deposit. EDI will maintain a deposit at Purfoods (the Deposit) in the amount of $150,000. Any amount in excess of the Deposit currently held by Purfoods will be refunded to EDI at the rate of $0.25 per Meal purchased beginning 90 days from the date the first Customer Order is shipped. The parties intend for the deposit to reasonably assure payment to Purfoods for Items which have been ordered by EDI but for which payment has not yet been remitted by EDI pursuant to the procedure explained above in Section 5. The deposit, subject to set off for any outstanding balance owed to Purfoods by EDI, will be returned to EDI upon termination of this Agreement.
Deposit from Limited Liability Company Interest Purchase
THIS LIMITED LIABIIITY COMPANY INTEREST PURCHASE AGREEMENT (this Agreement) is made as of May 1, 2007 by and between The Granite Companies LLC, a Pennsylvania limited liability company (the Seller) and City Capital Corporation, a Nevada company (the Purchaser).
Deposit. Purchaser has, or upon execution of this Agreement shall, provide a non-refundable deposit to Company in the amount of $150,000 by means of a wire transfer into an account directed by the Seller. This deposit shall not be refundable for any reason, including without limitation, the failure of the parties to consummate the transactions contemplated by this Agreement or the results of any due diligence undertaken by the Purchaser.
Deposit from Contract
THIS CONTRACT OF SALE (this Contract) is made and entered into as of the 29th day of December, 2004 (the Effective Date) between BRHP, LLC, a Florida limited liability company (Seller) and STILES CORPORATION, a Florida corporation (Purchaser).
Deposit. Upon the full execution and delivery of this Contract, Purchaser shall deposit with Proskauer Rose LLP (Escrow Agent) the sum of ONE HUNDRED THOUSAND AND NO/100 Dollars ($100,000) (the Initial Deposit). Within three (3) business days following the expiration of the Inspection Period (hereinafter defined), if Purchaser has not terminated this Contract, Purchaser shall deposit with the Escrow Agent an additional deposit in the amount of ONE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS $150,000 (the Additional Deposit). The Initial Deposit, the Additional Deposit (when it is deposited by Purchaser with Escrow Agent) and all interest thereon are collectively and individually referred to herein as the Deposit. The Deposit shall be applied to the Purchase Price at the Closing.
Deposit from Agreement and Plan of Merger
This AGREEMENT AND PLAN OF MERGER (this Agreement) is made and entered into as of October 7, 2004 (the Agreement Date) by and among Intermix Media, Inc., a Delaware corporation (Parent), FL Acquisition Corp., a Massachusetts corporation that is a wholly-owned subsidiary of Parent (Sub), and Focalex, Inc., a Massachusetts corporation (Company), Jonathan A. Lieberman and Seth W. Lieberman (collectively, the Principal Shareholders).
Deposit. On the Agreement Date, immediately following execution of this Agreement, Parent will initiate a wire transfer of immediately available funds to Company in the amount of $150,000 (the Deposit). In the event the Merger is not consummated, Company shall be entitled to retain the Deposit as a break-up fee. Upon consummation of the Merger, the Deposit shall remain property of the Surviving Corporation and conversion of Company Stock shall proceed in accordance with Section 2.1.2 hereof.
Deposit from Purchase Agreement
THIS PURCHASE AGREEMENT (the "Agreement") is made and entered into as of April 30, 2001, by and among MDU Communications International, Inc., a Delaware corporation ("Buyer") with principal office at 108-11951 Hammersmith Way, Richmond, BC, Canada and Digital Solutions, L.L.C., a Connecticut limited liability company ("Company") with principal office at 1300 Post Road East, Westport, Connecticut and the individual members of the Company ("Company Members") with addresses set forth herein.
Deposit. Pursuant to the Term Sheet entered into by the parties on September 27, 2000 and amended on or about January 18, 2001, Buyer has provided a non-refundable deposit of one hundred and fifty thousand dollars ($150,000 US) of which seventy-five thousand dollars ($75,000 US) is to be applied to the Acquisition Price upon Closing. Buyer acknowledges that the remaining seventy-five thousand dollars ($75,000 US) has been invested by the Company into the Company and therefore has become an asset of the Company.