Term Clause Example with 4 Variations from Business Contracts

This page contains Term clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Term. The Purchase Price will be paid by Buyer as follows: a) Within three (3) business days of the Effective Date of this Agreement, Buyer will deposit $40,000 (the "Earnest Money") into an interest-bearing account with First American Title Insurance Company, 1125 17th Street, Denver, Colorado, 80202, Attn: Jordan Dunn; phone number: (303) 876-1152; email: jdunn@firstam.com (the "Closing Agent" or "Title Company"). Upon expiration of the Review Period (as defined below), Earnest Money ...shall become non-refundable. The Earnest Money shall 6 Applebee's - Crawfordsville, IN be credited against the Purchase Price when and if escrow closes and the sale is completed. b) Buyer will deposit the balance of the Purchase Price into escrow in sufficient time to allow escrow to close on the Closing Date. View More
Found in AEI INCOME & GROWTH FUND XXII LTD PARTNERSHIP contract

Variations of a "Term" Clause from Business Contracts

Term. The Purchase Price will be paid by Buyer as follows: a) Within three (3) five (5) business days of the Effective Date of this Agreement, Buyer will deposit $40,000 $50,000 (the "Earnest Money") “Earnest Money”) into an interest-bearing account with First American Title Insurance Company, 1125 17th Street, Denver, Colorado, 80202, Attn: Jordan Dunn; phone number: (303) 876-1152; email: jdunn@firstam.com (the "Closing Agent" “Closing Agent” or "Title Company"). “Title Company”). Upon expiration of... the Review Period (as Fresenius Medical Care - Grove City, OH defined below), Earnest Money shall become non-refundable. The Earnest Money shall 6 Applebee's - Crawfordsville, IN be credited against the Purchase Price when and if escrow closes and the sale is completed. b) Buyer will deposit the balance of the Purchase Price into escrow in sufficient time to allow escrow to close on the Closing Date. View More
Found in AEI INCOME & GROWTH FUND 24 LLC contract
Term. The Purchase Price will be paid by Buyer as follows: a) Within three (3) business days of the Effective Date of this Agreement, Buyer will deposit $40,000 $100,000 (the "Earnest Money") into in an interest-bearing account with First American Title Insurance Company, 1125 17th Street, Denver, Colorado, 80202, Attn: Jordan Dunn; phone number: (303) 876-1152; email: jdunn@firstam.com (the "Closing Agent" or "Title Company"). Upon expiration of the Review Period (as defined below), Earnest Money sha...ll become non-refundable. non-refundable, except in the event of Seller's default, or in the event of a casualty or condemnation, subject to the provisions of Section 16. The Earnest Money shall 6 Applebee's - Crawfordsville, IN be credited against the Purchase Price when and if escrow closes and the sale is completed. 7 Red Robin - Colorado Springs, CO b) Buyer will deposit the balance of the Purchase Price into escrow in sufficient time to allow escrow to close on the Closing Date. closing date. View More
Found in AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP contract
Term. The Purchase Price for the Property will be paid by Buyer as follows: a) Within three (3) business days of the Effective Date of this Agreement, Buyer will deposit $40,000 $50,000 (the "Earnest Money") into in an interest-bearing interest bearing account with First American Title Insurance Company, 1125 17th Street, Suite 500, Denver, Colorado, 80202, Attn: Colorado 80202; Jordan Dunn; phone number: (303) 876-1152; email: jdunn@firstam.com (the "Closing Agent" or "Title Company"). Upon expiratio...n of the Review Period (as defined below), Period, Earnest Money shall become non-refundable. The Earnest Money shall 6 Applebee's - Crawfordsville, IN be credited against the Purchase Price when and if escrow closes and the sale is completed. In the event Buyer exercises its Extended Review Period option as provided in Section 6 of this Agreement, Buyer shall make an additional deposit of non-refundable earnest money with the Title Company in the amount of $25,000 prior to the expiration of the Review Period (the "Additional Earnest Money"). 4 Red Robin- Colorado Springs, CO b) Buyer will deposit the balance of the Purchase Price into escrow in sufficient time to allow escrow to close on the Closing Date. closing date. View More
Found in AEI NET LEASE INCOME & GROWTH FUND XX LIMITED PARTNERSHIP contract
Term. The Purchase Price will be paid by Buyer as follows: a) Within three (3) five (5) business days of the Effective Date of this Agreement, Buyer will deposit $40,000 $100,000 (the "Earnest Money") “Earnest Money”) into an interest-bearing account with First American Title Insurance Company, 1125 17th Street, Denver, Colorado, 80202, Attn: Jordan Dunn; phone number: (303) 876-1152; email: jdunn@firstam.com (the "Closing Agent" “Closing Agent” or "Title Company"). “Title Company”). Upon expiration o...f the Review Period (as defined below), Earnest Money shall become non-refundable. non-refundable except in the event of a default hereunder by Seller or as otherwise provided in this Agreement. The Earnest Money shall 6 Applebee's - Crawfordsville, IN be credited against the Purchase Price when and if escrow closes and the sale is completed. The Earnest Money shall be returned to Buyer upon request if Buyer fails to close for any of the following reasons: (a) a failure of performance by Seller of any of its obligations hereunder, (b) if this Agreement is terminated by Buyer pursuant 7 Applebee's - Fishers, IN to the provisions of Sections 6 or 8 hereof, or (c) any of the matters in Section 13 to be performed by Seller prior to or at Closing have not occurred. b) Buyer will deposit the balance of the Purchase Price into escrow in sufficient time to allow escrow to close on the Closing Date. View More
Found in AEI INCOME & GROWTH FUND 24 LLC contract