Common use of Closing Deposit Clause in Contracts

Closing Deposit. The Purchase Price, less the Deposit, and less the Scripps Loan Balance (the “Closing Deposit”), shall be paid by Buyer to Escrow Holder, in the form of Cash, pursuant to Section 7.1 hereof, and distributed by Escrow Holder to Seller on the Closing in accordance with the provisions of Section 12.1(c) hereof.

Closing Deposit. The Purchase Price, less the Deposit, and less the Scripps Building B Loan Balance (the “Closing Deposit”), shall be paid by Buyer to Escrow Holder, in the form of Cash, pursuant to Section 7.1 hereof, and distributed by Escrow Holder to Seller on the Closing in accordance with the provisions of Section 12.1(c) hereof.