Disposition of the Deposit. The Deposit shall be applied as follows:
Disposition of the Deposit. The Deposit shall be credited towards the Purchase Price at the Sub-Escrow Closing. Immediately upon Buyer's written demand to Seller, Seller shall authorize Escrow Holder to return the Deposit to Buyer if this Agreement is terminated:
Disposition of the Deposit. In the event the transaction contemplated by this Agreement shall close, the Deposit shall be applied as payment of the Purchase Price being paid at the Closing.
Disposition of the Deposit. At the Closing, the Deposit and all interest accrued thereon shall be applied and credited toward the payment of the Purchase Price. Upon exercise of the Option and delivery of the Deposit into Escrow, the Deposit shall become non-refundable in accordance with the provisions of Section 19.1 subject to return to Buyer only as expressly provided in this Agreement.
Disposition of the Deposit. 2.1 Escrowee shall hold the Deposit in an interest bearing savings account, to be reasonably designated by Purchaser. Escrowee shall not commingle the Deposit with any other funds.
Disposition of the Deposit. If the sale of Residential Lots pursuant to the Additional Discretionary Sale contemplated by this PSA Amendment is consummated, the Deposit and all interest earned thereon shall be credited towards the Purchase Price, as such term is defined in Section 3.1. Immediately upon Buyer's written demand to Seller, Seller shall authorize Escrow Holder to return the Buyer's Deposits to Buyer or its Nominees in the event this PSA Amendment is terminated for any reason other than a default by Buyer. Notwithstanding the foregoing, Seller shall be entitled to the Buyer's Deposits of Buyer or its Nominees of the Excluded-Residential Lots, as such term is defined in and as provided in Section 6.2. Seller shall be solely responsible for the fees, costs and expenses of the Escrow and Escrow Holder, if as a result of a default by Seller the Additional Discretionary Sale contemplated by this PSA Amendment is not consummated.
Disposition of the Deposit. In the event any transaction contemplated by this Agreement shall close, the Allocated Deposit (plus interest accrued thereon) with respect the applicable Property shall be applied as payment of a portion of the Allocated Transaction Value being paid at the Closing in accordance with Section 1.2 hereof. In the event of a termination of this Agreement in its entirety by PRLP or Landmark (except pursuant to Section 11.1(a) as a result of a default by PRLP as contemplated by Section 11.3(b)), Escrow Agent shall (and the Parties hereto shall promptly direct the Escrow Agent to) return to PRLP the Deposit then-held by Escrow Agent.
Disposition of the Deposit. BUYER acknowledges and agrees that any Deposits are being made for the purpose of reimbursing SELLER for excess expenses incurred by SELLER in connection with the development of the Property and such Deposits shall not be refundable to BUYER, except in the event this Agreement is terminated on account of SELLER's default or except as otherwise provided in this Agreement. In the event this Agreement is terminated on account of BUYER's default and BUYER takes possession of the Property in accordance with the requirements of the Lease, the Deposits shall be deemed to have been applied to pay costs of tenant improvements payable by the BUYER as the Lessee under the Lease. If this Agreement is terminated for BUYER's default and BUYER does not take possession of the Property pursuant to the Lease, then SELLER shall have the right to continue to retain possession of the Deposit and apply any Deposits to reimburse SELLER for losses, damages, costs and expenses (including reasonable attorneys' fees) incurred by SELLER on account of BUYER's default and under no circumstance whatsoever shall SELLER's retention of such Deposits be construed to be SELLER's acceptance of liquidated damages nor shall the retention and application of such funds otherwise waive, prejudice or otherwise affect any rights or remedies that SELLER may have on account of such losses, damages, costs and expenses to the extent not satisfied from the Deposits.
Disposition of the Deposit. Notwithstanding Section 8.2 of this Purchase Agreement, upon termination of this Purchase Agreement by either party for any reason (except as set forth below), Fibreboard shall retain the Deposit; provided, however, that in the event Buyer terminates this Purchase Agreement under Section 8.1(ii) above as a result of a breach by Fibreboard or an Acquired Corporation of its covenants under this Purchase Agreement or if the Closing does not occur solely because Fibreboard failed to obtain the consent of Bank of America NT & SA with regard to that certain financing facility described in Appendix 2 or the Lender fails to deliver its pay-off letter and the Old Certificates, then, and in such event, Fibreboard shall deliver to Buyer the Deposit, together with interest thereon at the rate specified in Section 2.2 of this Purchase Agreement (for the period beginning on the Deposit Date and ending on the date paid).
