Common use of DEPOSIT MONIES Clause in Contracts

DEPOSIT MONIES. All deposit payments made by the Buyer on account of the Purchase Price shall be held in the non-interest bearing Escrow Account of [INSERT] Title Agency (the “Escrow Holder”) and shall be applied to the Purchase Price at Closing unless there is a dispute between the Seller and Buyer, in which event paragraph 5 below applies. The Buyer’s Tax I.D. number is [INSERT].

Appears in 1 contract

Sources: Sale Agreement

DEPOSIT MONIES. All deposit payments made by the Buyer on account of the Purchase Price shall be held in the non-interest bearing Escrow Account of [INSERT] Title Agency (the “Escrow Holder”) ), and shall be applied to the Purchase Price at Closing unless there is a dispute between the Seller and Buyer, in which event paragraph 5 below applies. The Buyer’s Tax I.D. number is [INSERT].

Appears in 1 contract

Sources: Sale Agreement