Common use of Deposits by Buyer Clause in Contracts

Deposits by Buyer. Buyer shall deposit or cause to be deposited into Escrow: (a) The Deposit; (b) the Purchase Price, net of the Deposit, plus sufficient funds to pay Buyer’s share of all Escrow costs, prorations and closing expenses as set forth in Sections 6.5 and 6.6 below by means of a wire transfer to Escrow Holder of U. S. Dollars in immediately available federal funds; and (c) a counterpart Assignment and Assumption of Assigned Rights and Obligations, executed by Buyer.

Appears in 2 contracts

Sources: Loan Sale Agreement (Resource Real Estate Opportunity REIT, Inc.), Loan Sale Agreement (KBS Strategic Opportunity REIT, Inc.)

Deposits by Buyer. On or prior to the Closing Date, Buyer shall deposit or cause to be deposited into Escrow: (a) The Deposit; (b) the Purchase Price, Price (net of the Deposit, ) plus sufficient funds to pay Buyer’s share of all Escrow costs, prorations and closing expenses as set forth in Sections 6.5 6.5, 6.6, and 6.6 below 6.7, if applicable, by means of a wire transfer to Escrow Holder of U. S. Dollars in immediately available federal funds; and (cb) a counterpart Assignment and Assumption of Assigned Rights and Obligations, executed by Buyer.

Appears in 1 contract

Sources: Loan Sale Agreement (KBS Strategic Opportunity REIT, Inc.)