Amount and Payment. The deposit required under this Contract shall be the sum of Forty Thousand Dollars ($40,000.00), one half of which shall be paid in escrow two days after the Effective Date and the second half of which shall be paid upon the expiration of the Inspection Period. All monies deposited under this Contract shall be referred to as the "Deposit."
Appears in 2 contracts
Sources: Contract for Purchase and Sale, Contract for Purchase and Sale (Solitron Devices Inc)