Deposit and Purchase Price Clause Samples
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Deposit and Purchase Price. (a) Purchaser shall deposit with Escrow Agent (the "Deposit") the sum of One Hundred Thousand and No/100 Dollars ($100,000.00) upon the execution and delivery of this Agreement, by wire transfer of Federal funds to an account designated by Escrow Agent (the "Escrow Account"). Provided Purchaser has not exercised its right to terminate this Agreement during the Due Diligence Period as provided for in Section 1(b) of this Agreement, Purchaser shall deposit with the Escrow Agent the sum of Four Hundred Thousand and No/100 Dollars ($400,000.00) no later than the next business day after the day of the expiration of the Due Diligence Period, by wire transfer of Federal funds to the Escrow Account, such amount being considered for purposes of this Agreement as part of the Deposit upon its receipt by Escrow Agent.
(b) Escrow Agent shall hold and apply the Deposit (and any interest earned thereon) in accordance with the terms of Article IV herein. The consideration for the conveyance of title to the Property (the "Purchase Price") shall be the sum of Twenty-Two Million Five Hundred Thousand and No/100 Dollars ($22,500,000.00), payable as follows:
(a) At Closing, Purchaser shall pay to Seller the sum of Twenty-Two Million Five Hundred Thousand and No/100 Dollars ($22,500,000.00) (subject to the adjustments hereinafter set forth), less the amounts set forth in clauses (b) and (c) of this Section 2.2, by wire transfer of immediately available Federal funds to an account or accounts as may be designated by Seller in writing not less than two business days prior to the Date of Closing; and
(b) The amount of the Deposit held by Escrow Agent shall be paid to Seller by Escrow Agent; and
(c) Purchaser shall acquire title to the Property subject to the outstanding principal balance of the Existing Indebtedness as of the Date of Closing.
(a) Within three (3) days after the Effective Date of this Agreement, Purchaser shall order from the Title Insurer, with respect to the Property, at Purchaser's expense: (i) a Title Commitment covering Seller's interest in the Land, the Improvements and the Related Rights and (ii) the UCC Searches with respect to the Property.
(b) Purchaser shall notify the attorneys for Seller in writing of any of Purchaser's objections to title disclosed in the Title Commitment within the later of (x) ten (10) days of Purchaser's receipt of the Title Commitment, or (y) ten (10) days after the date hereof. Seller shall have no obligation to remove any except...
Deposit and Purchase Price. 5 (a) Deposit .................................................................. 5
Deposit and Purchase Price. The consideration to be paid by Offeror for the Property will be a total purchase price (the “Purchase Price”) equal to the amount of:
Deposit and Purchase Price. A. BUYER(S) must pay 10% of the bid amount, $ upfront when participating in the commercial timber auction process, payable to the Fairbanks North Star Borough. The SELLER will apply this amount toward the purchase price of the timber in the Sale Area as described below. Physical: ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Website: ▇▇▇▇.▇▇▇ Mailing: PO Box 71267, Fairbanks, AK 99707 B. Purchase price is ($ ) minus ($ )(10%) bid deposit with a remaining balance of ($ ) payable as outlined below:
C. SELLER and BUYER(S) agree that, before harvesting can take place, BUYER(S) shall pay all remaining funds owed to the Borough in the following form: interbank electronic transfer, money order, certified check or cashier’s check drawn on a financial institution located in the state of Alaska; or any above combination that permits the deposit to cash not later than , 2024.
D. BUYER shall forfeit the full amount of the bid deposit should they fail to execute the Contract as a reasonable estimate of the actual costs to the SELLER of finding an alternate buyer for the timber and not as a penalty.
Deposit and Purchase Price. 12 3.1 Earn▇▇▇ ▇▇▇ey Deposit in Escrow .............................. 12 3.2 Purchase Price and Handling of Earn▇▇▇ ▇▇▇ey Deposit.......... 12 3.3
Deposit and Purchase Price. 19 4.1 Deposit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 4.2
Deposit and Purchase Price. 7 (a) (b) (c) (d) Deposit Purchase Price Closing Date Payments Post-Closing Adjustment for Hydrocarbon Inventories 7 8 9 9 4. ASSUMPTION OF LIABILITIES 9
Deposit and Purchase Price. 7 (a) Deposit..........................................................7 (b) Material Asset Defect............................................8 (c)
Deposit and Purchase Price. (a) The total purchase price ("Purchase Price") for the Shares is Sixty One Thousand and NO/100 Dollars ($61,000.00) The Purchase Price shall be paid by Buyer to Sellers in accordance with Sections 2(b) and 2(c) hereof.
(b) Buyer shall pay to Seller at the Closing (as defined below), Twenty Five Thousand and No/100 Dollars ($25,000.00) of the Purchase Price by check or wire transfer.
(c) Commencing August 15, 1997, Buyer shall pay to Seller Thirty Six Thousand and No/100 Dollars ($36,000.00) in eighteen (18) equal monthly installments of Two Thousands and No/100 Dollars ($2,000.00) each.
Deposit and Purchase Price. 16 3.1 Deposit.......................................................................................................................... 16