Deposit Contract Clauses (82)

Deposit. The Holder shall cause a counterpart of this Agreement to be deposited with the Company at its principal place of business or registered office where it shall be subject to the same right of examination by any stockholder, in person or by agent or attorney, as are the books and records of the Company.

Deposit. 4.1 ̈ Buyer has delivered to Broker a check in the sum of __________, payable to Escrow Holder, to be delivered by Broker to Escrow Holder within 2 business days after both Parties have executed this Agreement and the executed Agreement has been delivered to Escrow Holder, or, x within 2 business days after both Parties have executed this Agreement and the executed Agreement has been delivered to Escrow Holder Buyer shall deliver to Escrow Holder a check in the sum of $100,000.00. 4.2 Additional... deposits: (a) Within 5 business days after the Date of Agreement, Buyer shall deposit with Escrow Holder the additional sum of ___________ to be applied to the Purchase Price at the Closing. 4.3 Escrow Holder shall deposit the funds deposited with it by Buyer pursuant to paragraphs 4.1 and 4.2 (collectively the "Deposit"), in a State or Federally chartered bank in an interest bearing account whose term is appropriate and consistent with the timing requirements of this transaction. 4.4 Notwithstanding the foregoing, within 5 days after Escrow Holder receives the monies described in paragraph 4.1 above, Escrow Holder shall release $100 of said monies to Seller as and for independent consideration for Seller's' execution of this Agreement and the granting of the contingency period to Buyer as herein provided. 4.5 Upon waiver of all of Buyer's contingencies the Deposit shall become non-refundable but applicable to the Purchase Price except in the event of a Seller breach, or in the event that the Escrow is terminated pursuant to the provisions of Paragraph 9.1(n) (Destruction, Damage or Loss) or 9.1(o) (Material Change). 5.2 If Buyer shall fail to notify its Broker, Escrow Holder and Seller, in writing within 45 days following the Date of Agreement, that the New Loan has not been obtained, it shall be conclusively presumed that Buyer has either obtained said New Loan or has waived this New Loan contingency. 5.3 If Buyer shall notify its Broker, Escrow Holder and Seller, in writing, within the time specified in paragraph 5.2 hereof, that Buyer has not obtained said New Loan, this Agreement shall be terminated, and Buyer shall be entitled to the prompt return of the Deposit, plus any interest earned thereon, less only Escrow Holder and Title Company cancellation fees and costs, which Buyer shall pay. View More

Deposit. 4.1. x Within one (1) business day after both Parties have executed this Agreement and the executed Agreement has been delivered to Escrow Holder Buyer shall deliver to Escrow Holder a check in the sum of $550,000.00. If said check is not received by Escrow Holder within said time period then Seller may elect to unilaterally terminate this transaction by giving written notice of such election to Escrow Holder whereupon neither Party shall have any further liability to the other under this Agreem...ent. Should Buyer and Seller not enter into an agreement for purchase and sale, Buyer's check or funds shall, upon request by Buyer, be promptly returned to Buyer. /s/ FA INITIALS /s/ JSR INITIALS ã 2019 AIR CRE. All Rights Reserved. Last Edited: 12/13/2019 1:20 PM OFA-20.12, Revised 06-10-2019 4.2. Escrow Holder shall deposit the funds deposited with it by Buyer pursuant to paragraph 4.1 (the "Deposit"), in a State or Federally chartered bank in an interest bearing account whose term is appropriate and consistent with the timing requirements of this transaction. The interest therefrom shall accrue to the benefit of Buyer, who hereby acknowledges that there may be penalties or interest forfeitures if the applicable instrument is redeemed prior to its specified maturity. Buyer's Federal Tax Identification Number is . NOTE: Such interest bearing account cannot be opened until Buyer's Federal Tax Identification Number is provided. 4.3. Notwithstanding the foregoing, within 5 days after Escrow Holder receives the monies described in paragraph 4.1 above, Escrow Holder shall release $100 of said monies to Seller as and for independent consideration for Seller's' execution of this Agreement and the granting of the contingency period to Buyer as herein provided. Such independent consideration is non-refundable to Buyer but shall be credited to the Purchase Price in the event that the purchase of the Property is completed. 4.4. Upon waiver of all of Buyer's contingencies the Deposit shall become non-refundable but applicable to the Purchase Price except in the event of a Seller breach, or in the event that the Escrow is terminated pursuant to the provisions of Paragraph 9.1(n) (Destruction, Damage or Loss) or 9.1(o) (Material Change). View More

Deposit. (a) Deposit. To secure the performance by Purchaser of its obligations under this Agreement, Purchaser agrees to pay into an escrow account with First American Title Insurance Company ("Escrow Agent"), the following sums by wire transfer of funds ("Acceptable Funds"): 2 (i) Initial Deposit. Within three (3) business days after the Effective Date, the sum of Fifty Thousand and NO/100 Dollars ($50,000.00) as earnest money (hereinafter referred to as the "Initial Deposit"). The Initial Deposit shal...l be refundable to Purchaser, at Purchaser's written request, until expiration of the Inspection Period, as hereinafter defined. (ii) Additional Deposit. Within three (3) business days after the last day of the Inspection Period, the additional sum of Fifty Thousand and NO/100 Dollars ($50,000.00) (the "Additional Deposit"). (The Initial Deposit and the Additional Deposit, together with all interest accrued thereon, are referred to as the "Deposit"; prior to payment of the Additional Deposit, whenever used in this Agreement, the term "Deposit" shall mean only the Initial Deposit.) (b) Investment of Deposit. Escrow Agent shall deposit the Deposit in an interest bearing account or money market fund maintained with a commercial bank or savings and loan association. Escrow Agent shall not be liable for the failure of any depository receiving the Deposit. View More