Deposit and Investment of Exxxxxx Money Sample Clauses

Deposit and Investment of Exxxxxx Money. Within three (3) business days after the Effective Date, Buyer shall deposit the Exxxxxx Money with Escrow Agent. Escrow Agent shall invest the Exxxxxx Money in government insured interest-bearing accounts that can be liquidated immediately without penalty and which are otherwise satisfactory to Seller and Buyer, shall not commingle the Exxxxxx Money with any funds of Escrow Agent or others, and shall promptly provide Buyer and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Buyer accepts all risks with regard to such account.
Sample 1
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Deposit and Investment of Exxxxxx Money. Within two (2) Business Days after the Effective Date, Purchaser shall deposit the Exxxxxx Money with Escrow Agent and deliver a completed, executed Form W-9 to Escrow Agent. Escrow Agent shall invest the Exxxxxx Money in government insured interest-bearing accounts satisfactory to Seller and Purchaser, shall not commingle the Exxxxxx Money with any funds of Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account.
Sample 1
Deposit and Investment of Exxxxxx Money. Within two (2) Business Days after the Execution Date, Purchaser shall deposit the Initial Exxxxxx Money with Escrow Agent. If upon the expiration of the Inspection Period, this Agreement is still in force and effect, Purchaser shall, no later than the last day of the Inspection Period, deposit the Additional Exxxxxx Money as specified in Section 1.1.4 above, with Escrow Agent. Escrow Agent shall invest the Exxxxxx Money in government insured interest-bearing accounts satisfactory to Seller and Purchaser, shall not commingle the Exxxxxx Money with any funds of Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account.
Sample 1
Deposit and Investment of Exxxxxx Money. Within one (1) business day after the Effective Date, Purchaser shall deposit the Initial Exxxxxx Money with Escrow Agent. Escrow Agent shall invest the Exxxxxx Money in government insured interest-bearing accounts satisfactory to Seller and Purchaser, shall not commingle the Exxxxxx Money with any funds of Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account.
Sample 1
Deposit and Investment of Exxxxxx Money. Within five (5) Business Days after the Effective Date, Purchaser shall deposit the Exxxxxx Money with Title Company.
Sample 1
Deposit and Investment of Exxxxxx Money. No later than Friday, October 30, 2020, Purchaser shall deposit (or cause to be deposited) the Exxxxxx Money with Escrow Agent. Escrow Agent shall invest the Exxxxxx Money in government insured interest-bearing accounts satisfactory to Seller and Purchaser, shall not commingle the Exxxxxx Money with any funds of Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal, and Purchaser accepts all risks with regard to such account. The Exxxxxx Money shall become non-refundable to Purchaser upon the expiration of the Due Diligence Period (as defined below), except as expressly provided in this Agreement (including, Sections 5.3, 6.2, 6.3 and 10.2), provided, however, the Exxxxxx Money shall be applied to the Purchase Price in the event Closing occurs. For purposes hereof, the “Due Diligence Period” shall be the period commencing on the Effective Date and expiring at 5:00pm Central Time on October 30, 2020. Purchase and Sale Agreement 6000 Xxxxxx X. Xxxxxxx Freeway, Dallas, Texas 4000 Xxxxx Xxxxxxxx Xxxxxxx, Xxxxxxx Xxxxxx, Xxxxx 00000, 14639 and 10000 Xxxxxx Xxxx, Xxxxxxx, Xxxxx 00000 Inwood Road, Farmers Branch, Texas
Sample 1
Deposit and Investment of Exxxxxx Money. Prior to the Effective Date, the Operating Partnership has caused to be deposited as initial exxxxxx money with the Escrowee $300,000 (the “Initial Deposit”). Within three Business Days following the Effective Date, Contributee shall deposit or cause to be deposited as additional exxxxxx money $650,000 with the Escrowee. Within three Business Days after the expiration of the Inspection Period, Contributee shall deposit or cause to be deposited as additional exxxxxx money $1,200,000 (together with the $650,000 exxxxxx money, the “Exxxxxx Money”). The Escrowee shall disburse the Initial Deposit and the Exxxxxx Money in the manner provided for in Section 4.4. The Escrowee shall be authorized, at the Operating Partnership’s option, to invest the Initial Deposit and the Exxxxxx Money in an interest-bearing account at a federally-insured bank. Except as set forth in Section 4.4, the Operating Partnership shall be entitled to all interest accrued on the Initial Deposit and the Exxxxxx Money, regardless of whether the transactions contemplated by this Agreement are closed.
Sample 1
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Related to Deposit and Investment of Exxxxxx Money

  • Deposit and Securities Accounts (Please list all accounts; attach separate sheet if additional space needed) Institution Name Account Number New Account? Account Control Agreement in place?

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Deposit Accounts Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement.

  • Deposit of Investments in U S. Securities Systems. The Custodian may deposit and/or maintain domestic investments owned by the Fund in a U.S. Securities System in accordance with applicable Federal Reserve Board and United States Securities and Exchange Commission (“SEC”) rules and regulations, if any, subject to the following provisions:

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Pledgor, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Negotiable Documents, Instruments and Chattel Paper The Grantor has, contemporaneously with the execution and delivery of this Security Agreement, delivered to the Administrative Agent possession of all originals of all negotiable documents, instruments and chattel paper, including all negotiable documents, instruments and chattel paper evidencing Receivables, currently owned or held by the Grantor (duly endorsed in blank, if requested by the Administrative Agent).

  • Delivery of Instruments, Securities, Chattel Paper and Documents Such Grantor will (a) deliver to the Administrative Agent promptly (but in any event within five Business Days) upon execution of this Security Agreement the originals of all Chattel Paper, Securities and Instruments constituting Collateral owned by it that on an individual basis bears a face amount of at least $5,000,000 (if any then exist), (b) hold in trust for the Administrative Agent upon receipt and promptly (but in any event within five Business Days) thereafter deliver to the Administrative Agent any such Chattel Paper, Securities and Instruments constituting Collateral owned by it that on an individual basis bears a face amount of at least $5,000,000, (c) promptly upon the Administrative Agent’s request, deliver to the Administrative Agent (and thereafter hold in trust for the Administrative Agent upon receipt and promptly (but in any event within five Business Days) deliver to the Administrative Agent) any Document evidencing or constituting Collateral that on an individual basis bears a face amount of at least $5,000,000 and (d) promptly upon the Administrative Agent’s request, deliver to the Administrative Agent a duly executed amendment to this Security Agreement, in the form of Exhibit A hereto (the “Amendment”), pursuant to which such Grantor will pledge such additional Collateral. Such Grantor hereby authorizes the Administrative Agent to attach each Amendment to this Security Agreement and agrees that all additional Collateral owned by it set forth in such Amendments shall be considered to be part of the Collateral.

  • Exxxxxx Money Buyer shall, within two business days after the Effective Date, deposit with the Escrow Company, as escrow agent, the sum of $250,000, as exxxxxx money (said amount being referred to herein as the “Initial Exxxxxx Money”, and, together with (i) the “Additional Exxxxxx Money” deposit described below, and (ii) the Extension Deposit (as defined in Section 4.1 below), and all interest accruing thereon, being herein referred to collectively as the “Exxxxxx Money”), which shall be in the form of a wire transfer of immediately available funds. Provided that Buyer has not terminated this Agreement pursuant to Section 3.2 below, within two business days after the Due Diligence Expiration Date, Buyer shall increase the Exxxxxx Money to $400,000 by depositing with the Escrow Company an additional $150,000 by wire transfer of immediately available funds (the “Additional Exxxxxx Money”). Upon expiration of the Due Diligence Period, all of the Exxxxxx Money shall become fully non-refundable and payable to Seller, except as otherwise expressly provided herein. The Exxxxxx Money shall be held and disbursed by the Escrow Company pursuant to the escrow agreement in the form of Exhibit J attached hereto (the "Escrow Agreement"), which the parties have executed and delivered simultaneously with the execution and delivery of this Agreement. The Exxxxxx Money shall be invested as provided in said Escrow Agreement, with all interest accruing thereon being deemed part of the Exxxxxx Money for all purposes hereunder. In the event Buyer fails to deliver any portion of the Exxxxxx Money within the time provided in this Agreement, Seller may, prior to Buyer’s deposit of such portion of the Exxxxxx Money with the Escrow Company, at Seller’s option and without limiting any of its other rights or remedies, terminate this Agreement by written notice to Buyer, whereupon any portion of the Exxxxxx Money previously delivered to Escrow Company shall be immediately delivered to Seller, this Agreement shall terminate, and the parties hereto shall have no further obligations to the other except for the Termination Surviving Obligations. If the sale hereunder is consummated in accordance with the terms hereof, the Exxxxxx Money shall be paid to Seller and applied to the Purchase Price to be paid by Buyer at the Closing. In all other instances, the Exxxxxx Money shall be paid to Seller or Buyer as provided in other provisions of this Agreement.

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