Deposit and Payment of Purchase Price. One business day following the Effective Date, TRT shall deposit the sum of Five Million Dollars ($5,000,000) (the “Xxxxxxx Money Deposit”) in an escrow account established at the offices of the Title Company. The Xxxxxxx Money Deposit shall be invested in an interest-bearing account reasonably acceptable to both parties and shall be held by the Title Company on the terms and subject to the conditions of this Agreement. If there is a conflict between the provisions of this Agreement and the terms of any applicable escrow agreement, the provisions of this Agreement shall govern. If this transaction is consummated, the Xxxxxxx Money Deposit (together with any interest earned thereon) shall be applied against the TRT Investment as a credit to TRT. Except as otherwise specifically provided in this Agreement, the Xxxxxxx Money Deposit shall be non-refundable upon expiration of the Due Diligence Period.
Deposit and Payment of Purchase Price. (1) Hanaro Telecom shall deposit in the account designated by Thrunet the Purchase Price, less the sum of the Exxxxxx Money already paid by Hanaro Telecom pursuant to Article 4 hereof and the interest accrued on the Exxxxxx Money, at least three (3) bank business days prior to the meeting of interested persons for adoption of resolution of the Amended Reorganization Plan.
Deposit and Payment of Purchase Price. (a) The Seller certifies that the Buyer has paid a non-refundable deposit of $ , with payment of the balance of $ due upon release of the Dog to Buyer.
Deposit and Payment of Purchase Price. The Purchase Price shall be paid and satisfied by BUYER as follows:
Deposit and Payment of Purchase Price a) Upon execution of this Agreement, Buyer shall deposit the sum of Two Million Dollars ($2,000,000) ("DEPOSIT") in an interest bearing account maintained by Escrow Agent, and which Deposit shall be held subject to the condition that, if Buyer elects to terminate this contract prior to that day which is the expiration of the Inspection Period, the Deposit and any accrued interest shall be paid to Seller.
Deposit and Payment of Purchase Price. 5. (a) Deposit and Investment of Deposit. Not later than 5:00 p.m. on the day --------------------------------- after the Effective Date, Purchaser shall deposit the Deposit with Escrow Agent. Escrow Agent shall invest the Deposit in government insured interest-bearing accounts satisfactory to Seller and Purchaser, shall not commingle the Deposit with any funds of Escrow Agent or others, and shall promptly provide Purchaser and Seller
Deposit and Payment of Purchase Price. 4.1. The Purchase Price, plus the ISC Estimate, plus or minus adjustments as hereinafter provided, shall be paid in full in immediately available funds at Closing to an account designated in writing by Seller.
Deposit and Payment of Purchase Price. 3.01 DEPOSIT; PAYMENT OF BASE PURCHASE PRICE. Purchaser agrees to pay to Seller, and Seller agrees to accept payment of the Base Purchase Price as follows:
Deposit and Payment of Purchase Price. A. A deposit of FIFTY THOUSAND and N01100 DOLLARS ($50,000.00) (the "Initial Deposit") shall be deposited by Purchaser in an interest-bearing escrow account with Title Guaranty Escrow Services, Inc. in Honolulu, Hawaii ("Escrow") within four (4) working days of acceptance of this Agreement. If Purchaser terminates this Agreement as provided in Paragraph 5 below prior to expiration of the Due Diligence Period (as hereinafter defined) or pursuant to the conditions contained in paragraph 6 below, the Initial Deposit together with any interest earned thereon but less any escrow cancellation fee shall be immediately refunded to Purchaser. Upon such termination and disbursement of the funds in Escrow in accordance with the foregoing, both parties hereto shall be released from all liability hereunder.
Deposit and Payment of Purchase Price. Within three (3) Working Days after the Effective Date, Buyer shall deposit with Escrow Holder, at Escrow Holder's office, by check or by wire transfer, funds in the amount of the Deposit as a deposit on account of the Purchase Price. Immediately upon Escrow Holder's receipt of the Deposit, Escrow Holder shall place the Deposit in an interest-bearing account, the interest to accrue to Buyer (any subsequent references herein to the Deposit shall be deemed to include any interest accrued thereon).
