Common use of Closing Deposit Clause in Contracts

Closing Deposit. The Purchase Price, less: (i) the Deposit; and (ii) the Extension Deposit, as applicable (“Closing Deposit”), shall be paid by Buyer to Escrow Agent, in the form of Cash, pursuant to Section 7.1 hereof, and shall be distributed by Escrow Agent to Seller at the Closing, subject to and in accordance with the provisions of this Agreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Excel Trust, Inc.)

Closing Deposit. The Cash Purchase Price, less: (i) the Deposit; (ii) the Bay Hill Loan Balance; and (iiiii) the Extension Deposit, as applicable (“Closing Deposit”), shall be paid by Buyer to Escrow Agent, in the form of Cash, pursuant to Section 7.1 hereof, and shall be distributed by Escrow Agent to Seller at the Closing, subject to and in accordance with the provisions of this Agreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Excel Trust, Inc.)

Closing Deposit. The Cash Purchase Price, less: (i) the Deposit; (ii) the West Broad Loan Balance; and (iiiii) the Extension Deposit, as applicable (“Closing Deposit”), shall be paid by Buyer to Escrow Agent, in the form of Cash, pursuant to Section 7.1 hereof, and shall be distributed by Escrow Agent to Seller at the Closing, subject to and in accordance with the provisions of this Agreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Excel Trust, Inc.)