Common use of Deposit Amount Clause in Contracts

Deposit Amount. Upon execution of this Agreement, Purchasers will deliver to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Esq., as escrow agent (the "Escrow Agent"), an amount in cash equal to $1,500,000 (the "Deposit Amount"), by wire transfer of immediately available funds to the account of the Escrow Agent set forth in Section 10 of the escrow agreement being entered into on the date hereof by and among the Partners, Purchasers and the Escrow Agent, in the form of Exhibit A hereto (the "Escrow Agreement"). At the Closing, the Escrow Agent shall deliver the Deposit Amount to the Partners, and the Partners shall apply the Deposit Amount towards payment of the Merger Consideration.

Deposit Amount. Upon execution of this Agreement, Purchasers Purchaser will deliver pay to ▇▇▇▇the Escrow Agent an amount in cash equal to $250,000 (the "Deposit Amount"), payable by wire transfer of immediately available funds to Forr▇▇▇ ▇▇▇▇▇▇▇, Esq.▇▇q., as escrow agent (the "Escrow Agent"), under an amount in cash equal to $1,500,000 (the "Deposit Amount"), by wire transfer of immediately available funds to the account of the Escrow Agent set forth in Section 10 of the escrow agreement being to be entered into on the date hereof by and among the PartnersSellers, Purchasers Purchaser and the Escrow Agent, in the form of Exhibit A hereto (the "Escrow Agreement"). At the Closing, the Escrow Agent shall deliver the Deposit Amount to the PartnersSellers, and the Partners Sellers shall apply the Deposit Amount towards payment of the Merger ConsiderationPurchase Price.