Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Earnest Money clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Earnest Money. (A) Purchaser shall deliver to Republic Title of Texas, Inc., 2626 Howell Street, 10th Floor, Dallas, Texas 75204, Attn: Jeff Porter ("Escrow Agent"), as agent for a national title underwriter acceptable to Purchaser ("Title Company"), within three (3) business days after the "Effective Date" (as defined below), an earnest money deposit (the "Initial Deposit") in the amount of Two Hundred Fifty Five Thousand and NO/100 Dollars ($255,000.00). In the event that Purchaser delivers the "Closing Noti...ce" (as defined in Section 4.1.1 of this Agreement) to Seller, then within three (3) business days following the expiration of the "Approval Period" (as defined in Section 4.1.1 of this Agreement), Purchaser shall make an additional earnest money deposit (the "Additional Deposit") with Escrow Agent in the amount of Two Hundred Fifty Five Thousand and NO/100 Dollars ($255,000.00). (B) The Initial Deposit, together with the Additional Deposit, if delivered hereunder, and together with all interest accrued thereon, are herein collectively called the "Earnest Money". The Initial Deposit and the Additional Deposit, if made, shall be invested by the Escrow Agent in an FDIC-insured, interest‐bearing account as Purchaser shall direct. If the sale of the Property is consummated under this Agreement, the Earnest Money shall be paid to Seller and applied as a credit against the Purchase Price at Closing. If Purchaser terminates this Agreement in accordance with any right to terminate granted to Purchaser by the terms of this Agreement, the Earnest Money shall be returned to Purchaser by Escrow Agent, and neither party hereto shall have any further rights or obligations under this Agreement except for such obligations which by their terms expressly survive the termination of this Agreement (the "Surviving Obligations").View More
Earnest Money. (A) Purchaser shall deliver to Republic Title of Texas, Inc., 2626 Howell Street, 10th Floor, Dallas, Texas 75204, Attn: Jeff Porter ("Escrow Agent"), as agent for a national title underwriter acceptable to Purchaser ("Title Company"), within three (3) business days after the "Effective Date" (as defined below), an earnest money deposit (the "Initial Deposit") in the amount of Two Hundred Fifty Five Thousand and NO/100 00/100 Dollars ($255,000.00). ($250,000.00). In the event that Purchaser deli...vers the "Closing Notice" (as defined in Section 4.1.1 of this Agreement) to Seller, then within three (3) business days following the expiration of the "Approval Period" (as defined in Section 4.1.1 of this Agreement), Purchaser shall make an additional earnest money deposit (the "Additional Deposit") with Escrow Agent in the amount of Two Hundred Fifty Five Thousand and NO/100 Dollars ($255,000.00). 00/100 ($250,000.00). Not later than the Effective Date, Escrow Agent will provide Seller with an insured closing letter from the Title Company, in form and substance reasonably acceptable to Seller, insuring Seller for all acts of Escrow Agent taken in accordance with this Agreement. (B) The Initial Deposit, together with the Additional Deposit, if delivered hereunder, and together with all interest accrued thereon, are herein collectively called the "Earnest Money". The Initial Deposit and the Additional Deposit, if made, shall be invested by the Escrow Agent in an FDIC-insured, interest‐bearing account as Purchaser shall direct. If the sale of the Property is consummated under this Agreement, the Earnest Money shall be paid to Seller and applied as a credit against the Purchase Price at Closing. If Purchaser terminates this Agreement in accordance with any right to terminate granted to Purchaser by the terms of this Agreement, the Earnest Money shall be returned to Purchaser by Escrow Agent, and neither party hereto shall have any further rights or obligations under this Agreement except for such obligations which by their terms expressly survive the termination of this Agreement (the "Surviving Obligations"). View More
Earnest Money. (A) Purchaser shall deliver to Republic Title of Texas, Inc., 2626 Howell Street, 10th Floor, MBL Title, 1925 Cedar Springs Road, Suite 301, Dallas, Texas 75204, Attn: Jeff Porter 75201, Attention Jennifer Haden, Senior Vice President - National Commercial Services ("Escrow Agent"), as agent for a national title underwriter acceptable to Purchaser ("Title Company"), within three (3) business days after the "Effective Date" (as defined below), an earnest money deposit (the "Initial Deposit") in t...he amount of Two Hundred Fifty Five Thousand and NO/100 no/100 Dollars ($255,000.00). ($250,000.00). In the event that Purchaser delivers the "Closing Notice" (as defined in Section 4.1.1 of this Agreement) to Seller, Exhibit 10.1 then within three (3) business days following the expiration of the "Approval Period" (as defined in Section 4.1.1 of this Agreement), Purchaser shall make an additional earnest money deposit (the "Additional Deposit") with Escrow Agent in the amount of Two Hundred Fifty Five Thousand and NO/100 no/100 Dollars ($255,000.00). (B) ($250,000.00). The Initial Deposit, together with the Additional Deposit, if delivered hereunder, and together with all interest accrued thereon, are is herein collectively called the "Earnest Money". The Initial Deposit Deposit, and the Additional Deposit, if made, shall be invested by the Escrow Agent in an FDIC-insured, interest‐bearing account as Purchaser shall direct. If the sale of the Property is consummated under this Agreement, the Earnest Money shall be paid to Seller and applied as a credit against the Purchase Price at Closing. If Purchaser terminates this Agreement in accordance with any right to terminate granted to Purchaser by the terms of this Agreement, the Earnest Money shall be returned to Purchaser by Escrow Agent, Purchaser, and neither party hereto shall have any further rights or obligations under this Agreement except for such obligations which by their terms expressly survive the termination of this Agreement (the "Surviving Obligations"). The Deposit shall be allocated between the properties comprising the Property, as set forth on Schedule "C" attached hereto and incorporated herein. View More
Earnest Money. (A) Purchaser shall deliver to Republic Title of Texas, Inc., 2626 Howell Street, 10th Floor, Dallas, Texas 75204, Attn: Jeff Porter Jennifer Haden ("Escrow Agent"), as agent for a national title underwriter acceptable to Purchaser ("Title Company"), within three (3) business days after the "Effective Date" (as defined below), an earnest money deposit (the "Initial Deposit") "Deposit") in the amount of Two Three Hundred Fifty Five Thousand and NO/100 no/100 Dollars ($255,000.00). In the event th...at Purchaser delivers the "Closing Notice" (as defined in Section 4.1.1 of this Agreement) to Seller, then within three (3) business days following the expiration of the "Approval Period" (as defined in Section 4.1.1 of this Agreement), Purchaser shall make an additional earnest money deposit (the "Additional Deposit") with Escrow Agent in the amount of Two Hundred Fifty Five Thousand and NO/100 Dollars ($255,000.00). ($300,000.00). (B) The Initial Deposit, together with the Additional Deposit, if delivered hereunder, and together with all interest accrued thereon, are herein collectively called the "Earnest Money". Money", and shall become non-refundable upon expiration of the Approval Period, except as may be otherwise set forth in this Agreement. The Initial Deposit and the Additional Deposit, if made, shall be invested by the Escrow Agent in an FDIC-insured, interest‐bearing interest-bearing account as Purchaser shall direct. If the sale of the Property is consummated under this Agreement, the Earnest Money shall be paid to Seller and applied as a credit against the Purchase Price at Closing. If Purchaser terminates this Agreement in accordance with any right to terminate granted to Purchaser by the terms of this Agreement, the Earnest Money shall be returned to Purchaser by Escrow Agent, and neither party hereto shall have any further rights or obligations under this Agreement except for such obligations which by their terms expressly survive the termination of this Agreement (the "Surviving Obligations"). Agent. View More
