Earnxxx Xxxey Deposit. Within three (3) business days after the date this Agreement is executed by both Seller and Purchaser, Purchaser shall deliver to the offices of Republic Title of Texas, Inc., to the attention of Leslxx Xxxxxxx, 0026 Xxxxxx Xxxxxx, 10th Floor, Dallas, Texas 75200-0000, xxlephone number: (214) 000-0000, xxlecopy number: (214) 000-0000 (xxe "Title Company"), as agent for First American Title Insurance Company, a deposit of Ten Thousand and No/l00 Dollars ($10,000.00) in cash (the "Earnxxx Xxxey Deposit"). In the event Purchaser does not deposit the Earnxxx Xxxey Deposit with the Title Company on or prior to the date designated in the preceding sentence, this Agreement shall automatically terminate and the parties hereto shall have no further rights, duties or obligations one to the other hereunder. In the event Purchaser does not terminate this Agreement prior to the expiration of the Review Period (defined in SECTION 8.1.) then the Earnxxx Xxxey Deposit shall be nonrefundable to Purchaser except in the event of the default of Seller under the terms hereof. The Title Company shall hold the Earnxxx Xxxey Deposit as escrow agent and shall invest the Earnxxx Xxxey Deposit in such interest bearing investments as Purchaser shall reasonably designate from time to time which mature no later than the earlier of (a) the date on which the Closing hereunder is scheduled (at the time such investment is made) to be held or (b) the date (if it is then determinable) on which the Earnxxx Xxxey Deposit will be required to be delivered to either Purchaser or Seller pursuant to the provisions of this Agreement. All such interest earned thereon shall be deemed to constitute a portion of the Earnxxx Xxxey Deposit and shall be added thereto. At Closing, or upon the occurrence of a default under this Agreement, the Title Company shall deliver the Earnxxx Xxxey Deposit to the party entitled to it in accordance with the other terms of this Agreement.
Earnxxx Xxxey Deposit. Upon execution hereof, Buyer shall deliver the sum of ONE HUNDRED THOUSAND DOLLARS ($100,000.00) to Charxxx X. Xxxxx, Xx., xx Trustee, to be held by Charxxx X. Xxxxx, Xx., xx Trustee, until the Closing (as defined below) of the transaction contemplated hereby (the "Earnxxx Xxxey Deposit"). The Earnxxx Xxxey Deposit shall be credited toward the Purchase Price at the Closing.
Earnxxx Xxxey Deposit. Concurrently with the delivery of one (1) fully executed copy of this Agreement to Escrow Holder, Buyer shall deposit with Escrow Holder the sum of One Hundred Thousand Dollars ($100,000.00) (the "EARNXXX XXXEY DEPOSIT") in the form of a check or wire transfer. The Earnxxx Xxxey Deposit shall become nonrefundable after the end of the Review Period, unless this Agreement terminates other than due to a default of Buyer hereunder.
Earnxxx Xxxey Deposit. Purchaser has delivered and deposited with Escrow Agent the amount of $125,000.00 representing the Earnxxx Xxxey as required by the Purchase and Sale Agreement. The Escrow Agent agrees to immediately deposit said funds in an account at a local banking institution in Lee Xxxnty, the accounts of which are insured by the FDIC, and to hold and disburse said funds, and any interest earned thereon (together the "Earnxxx Xxxey") as hereinafter provided.
Earnxxx Xxxey Deposit. (a) The Earnxxx Xxxey Deposit under this Agreement shall be as follows: on the date of this Agreement, Buyer shall deliver to the Title Company the sum of $250,000.00 in immediately available funds, which is to be held by the Title Company for the benefit of
Earnxxx Xxxey Deposit. At the time of execution of this Contribution Agreement, Bluegreen shall deposit an earnxxx xxxey payment in the amount of ten percent (10%) of the Initial Capital Contribution (the "Earnxxx Xxxey"), which deposit shall be in an interest bearing account, opened and maintained by the Lincoln Land Title Company, Inc., acting as a title agency for Chicago Title Insurance Company, whose address is 3256 Xxxxx Xxxxxxxx, Xxxxxxxxxxx, Xxxxxxxx 00000, xxlephone number (417) 000-0000, xxcsimile number (417) 000-0000, xxich deposit shall be placed in an interest bearing account opened and maintained by the title agency, as escrow agent hereunder. Such Earnxxx Xxxey shall, except as otherwise provided herein, upon consummation of the transaction contemplated hereunder (including the occurrence of all conditions precedent in the absence of a written waiver thereof by the party benefiting therefrom), be delivered to the LLC as a credit against Bluegreen's Initial Capital Contribution to the LLC.
Earnxxx Xxxey Deposit. Within two (2) business days after the Effective Date, Buyer shall deposit the Initial Earnxxx Xxxey Deposit in escrow with the Title Company. If Buyer does not terminate this Agreement on or before the Approval Date, Buyer shall deposit the Remaining Earnxxx Xxxey Deposit with the Title Company on or before the Approval Date. While held by the Title Company,
Earnxxx Xxxey Deposit. Within five (5) days after Seller provides Purchaser notice that Seller desires to accept Purchaser's offer contained in this Agreement, Purchaser will deliver to Seller an irrevocable stand-by letter of credit (or similar instrument acceptable to Seller) drawn on a bank acceptable to Seller and in form and substance satisfactory to Seller, or at Purchaser's option immediately available funds payable to Seller in the amount of Eighty-nine Million, Five Hundred Thousand Dollars ($ 89,500,000), representing an earnxxx xxxey deposit equal to ten percent (10%) of the estimated Purchase Price (the "Earnxxx Xxxey Deposit") as consideration for Seller's entry into this Agreement. If the Earnxxx Xxxey Deposit is in the form of a letter of credit, the letter of credit shall provide that it may be drawn upon by Seller upon Seller's certification to the issuing bank of Purchaser's Default under this Agreement. If the
Earnxxx Xxxey Deposit. On or before the execution and delivery of this Agreement, the Purchaser shall obtain an irrevocable letter of credit in the sum of $1,500,000 for a term of twelve months naming "Energy Fuels, Ltd., as Debtor-in-Possession" as the beneficiary. This letter of credit shall be the sole measure of recovery against the Purchaser and shall be liquidated damages to compensate the Vendors if the Vendors fulfill their obligations then due under this Agreement prior to Closing and the Purchaser fails to fulfill its obligations under this Agreement
Earnxxx Xxxey Deposit. On the date of this Contract, Buyer hereby delivers to Alamo Title Company, 950 Xxxx Xxxxx Xxxx, Xxx Xxxxxxx, Xxxxx 00000, Xxtn. Don Xxxxxx (xxe "Title Company"), the sum of $50,000.00 as Buyer's Earnxxx Xxxey Deposit (herein so called) which shall be held by the Title Company in escrow in an interest-bearing account. Interest earned thereon shall be held for the benefit of Buyer, provided that at the Closing, the earnxxx xxxey deposit and interest thereon shall be credited against the Purchase Price. If the Closing is not held by reason of a Permitted Termination, the Earnxxx Xxxey Deposit and interest shall be returned to Buyer. If the Closing is not held for any other reason, the Earnxxx Xxxey Deposit shall be disbursed as provided for herein and the interest shall be paid to the party otherwise entitled to receive the Earnxxx Xxxey Deposit.
