E▇▇▇▇▇▇ Money Clause Samples
E▇▇▇▇▇▇ Money. (a) Purchaser shall deliver to the Escrow Holder no later than 5:00 pm (Florida time) on the second (2nd) Business Days after a counterpart of this Agreement signed by Purchaser and Seller has been delivered to Purchaser, the sum of $1,277,000 by federal funds wire transfer (together with all interest earned thereon, the “E▇▇▇▇▇▇ Money”). This Agreement shall terminate and be deemed void ab initio if the E▇▇▇▇▇▇ Money is not timely deposited with Escrow Holder. The E▇▇▇▇▇▇ Money shall be held in escrow by the Escrow Holder in a segregated interest-bearing account, with interest accruing for the benefit of the party entitled to the payment or return of the E▇▇▇▇▇▇ Money. The E▇▇▇▇▇▇ Money shall be paid to Seller and applied toward the Purchase Price at Closing, and shall otherwise be paid or applied in accordance with this Agreement. $339,374 of the E▇▇▇▇▇▇ Money (the “Deerwood E▇▇▇▇▇▇ Money”) shall be allocated to Deerwood Village. $412,144 of the E▇▇▇▇▇▇ Money shall be allocated to Villa Tuscany (the “Villa Tuscany E▇▇▇▇▇▇ Money”). $61,821 of the E▇▇▇▇▇▇ Money shall be allocated to Midway M▇▇▇▇, and $463,661 of the E▇▇▇▇▇▇ Money shall be allocated to Vista Grande (the “Vista G▇▇▇▇▇ ▇▇▇▇▇▇▇ Money”). The Villa Tuscany E▇▇▇▇▇▇ Money shall remain in escrow following the Closing of Vista Grande and Midway M▇▇▇▇, and shall be paid to Seller and applied to the Villa Tuscany Purchase Price and, if applicable, the portion of the Purchase Price allocated to the Deerwood Village Apartment Complex at the Closing of each such Apartment Complex, and shall otherwise be paid or applied in accordance with this Agreement.
(b) The Escrow Holder shall hold the E▇▇▇▇▇▇ Money pursuant to the following provisions:
(i) The Escrow Holder is not a party to, and is not bound by, or charged with notice of any agreement out of which this escrow may arise, other than the terms and provisions of this Section 3.2.
(ii) The Escrow Holder shall deliver the E▇▇▇▇▇▇ Money to the party so designated on written notice from both the Purchaser and Seller specifying the time and the place where the E▇▇▇▇▇▇ Money is to be delivered, provided, however that the Escrow Holder shall have received such written instructions at least one (1) Business Day prior to the date designated for delivery; provided, further, however, the Closing Statement shall be sufficient to constitute such notice regardless of the date so executed.
(iii) The Escrow Holder is acting solely as a stakeholder and depository as an...
E▇▇▇▇▇▇ Money. Within five (5) business days after an election has been made or deemed made under Section 15.1(c), the acquiring Member shall deposit with a mutually acceptable third-party escrow agent a non-refundable e▇▇▇▇▇▇ money deposit in the amount of two percent (2%) of the amount the selling Member is entitled to receive for its Interest under this Section 15.1, which amount shall be applied to the purchase price at closing. If the acquiring Member should thereafter fail to consummate the transaction for any reason other than a default by the selling Member or a refusal by any lender of the Company (or any Subsidiary of the Company) who has a right under its loan documents to consent to such transfer to so consent, (i) (A) the e▇▇▇▇▇▇ money deposit shall be distributed from escrow to the selling Member, free of all claims of the acquiring Member, as liquidated damages and constituting the sole and exclusive remedy available to the selling Member because of a default by the acquiring Member or (B) the selling Member may, by delivering to the acquiring Member written notice thereof, elect to buy the acquiring Member’s entire Interest for an amount equal to the amount the acquiring Member would have been entitled to receive if the Company had sold all of its assets for the Valuation Amount and the Company had immediately paid all Company liabilities and Imputed Closing Costs and distributed the net proceeds of the sale to the Members in satisfaction of their Interests pursuant to Section 13.3, in which case, the Closing Date therefor shall be the date specified in the selling Member’s notice, and (ii) if the acquiring Member was the Offeror, the non-refundable e▇▇▇▇▇▇ money deposit for any future election by the acquiring Member to buy the selling Member’s Interest shall be twenty percent (20%) of the amount the selling Member is entitled to receive for its Interest in connection with such future election.
E▇▇▇▇▇▇ Money. Buyer will deposit with First American Title Insurance Company of Oregon (the "Escrow Agent") cash or certified funds, as e▇▇▇▇▇▇ money deposits, in the following amounts (collectively, the "E▇▇▇▇▇▇ Money"):
(i) Provided this Agreement has not been previously terminated in accordance with its terms, within three (3) business days after completion of the Audit (as defined below) and the Qualification (as defined below) Buyer will deposit Five Thousand Dollars ($5,000) (the "Initial Deposit") with Escrow Agent. From and after the date of deposit, the Initial Deposit will be part of the E▇▇▇▇▇▇ Money for all purposes of this Agreement.
(ii) Provided this Agreement has not been previously terminated in accordance with its terms, within three (3) business days after Funding Milestone #1 (as defined below) is met Buyer will deposit an additional Five Thousand Dollars ($5,000) (the "First Additional Deposit") with Escrow Agent. From and after the date of deposit, the Second Additional Deposit will be part of the E▇▇▇▇▇▇ Money for all purposes of this Agreement.
(iii) Provided this Agreement has not been previously terminated in accordance with its terms, within three (3) business days after Funding Milestone #2 (as defined below) is met Buyer will deposit an additional Five Thousand Dollars ($5,000) (the "Second Additional Deposit") with Escrow Agent. From and after the date of deposit, the Second Additional Deposit will be part of the E▇▇▇▇▇▇ Money for all purposes of this Agreement. At Closing (as defined below), Buyer will receive a credit against the Purchase Price in the amount of the E▇▇▇▇▇▇ Money. Provided this Agreement has not been previously terminated in accordance with its terms, the E▇▇▇▇▇▇ Money shall become nonrefundable on the date that Buyer makes the Second Additional Deposit, except as otherwise expressly provided in this Agreement.
E▇▇▇▇▇▇ Money. Within one (1) business day following the Effective Date, Purchaser will deliver to the Escrow Agent the sum of TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00) (the “First E▇▇▇▇▇▇ Money Deposit”). Within one (1) business day following the expiration of the Study Period, assuming Purchaser has not previously elected to terminate this Agreement, Purchaser shall deliver to the Escrow Agent the additional sum of TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00) (the “Second E▇▇▇▇▇▇ Money Deposit”) (the First E▇▇▇▇▇▇ Money Deposit and the Second E▇▇▇▇▇▇ Money Deposit, if any, and all interest earned thereon are hereinafter collectively referred to as the “E▇▇▇▇▇▇ Money”). The E▇▇▇▇▇▇ Money shall be invested by the Escrow Agent in short term interest bearing accounts at banks or other financial institutions, which accounts must be insured by the Federal Deposit Insurance Corporation. All interest earned on such deposits shall belong to the party (as between the Seller and Purchaser) who is entitled to receive the E▇▇▇▇▇▇ Money under the applicable provisions of this Agreement. In the event the transactions contemplated herein are not closed in accordance with the provisions hereof, the E▇▇▇▇▇▇ Money shall be disbursed to either the Seller or Purchaser as provided in this Agreement. Upon the expiration of the Study Period, the E▇▇▇▇▇▇ Money will automatically be at-risk and non-refundable to Purchaser, except as otherwise set forth in this Agreement.
E▇▇▇▇▇▇ Money. Within 3 business days after receipt of a fully executed copy of this Agreement, Purchaser shall deposit the Initial E▇▇▇▇▇▇ Money with the Escrow Agent. Within 3 business days after expiration of the Due Diligence Period, if this Agreement has not theretofore been terminated or deemed terminated, Seller will deposit the Additional E▇▇▇▇▇▇ Money with Escrow Agent. The E▇▇▇▇▇▇ Money shall be applied to the Purchase Price at Closing. If this Agreement terminates pursuant to any express right of Purchaser or Seller to terminate this Agreement other than as a result of Seller’s default, the E▇▇▇▇▇▇ Money shall be refunded to Purchaser immediately upon request, and all further rights and obligations of the parties under this Agreement shall terminate. The E▇▇▇▇▇▇ Money shall be held and disbursed by the Escrow Agent pursuant to Article 9 of this Agreement.
E▇▇▇▇▇▇ Money. For the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser has delivered to the Escrow Agent the sum of One Hundred Thousand and No/100 Dollars ($100,000.00) (the “Good Faith Deposit”) following execution of the LOI and prior to the date hereof. Upon expiration of the Inspection Period and provided that Purchaser has not exercised its right to terminate this Contract, Purchaser shall deliver an additional One Hundred Fifty Thousand and No/100 Dollars ($150,000.00) (the “Deposit”) for an aggregate of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) (the Good Faith Deposit and the Deposit collectively hereinafter referred to as the “E▇▇▇▇▇▇ Money Deposit”) are non-refundable, except as otherwise provided herein. The E▇▇▇▇▇▇ Money Deposit shall be deposited into an interest bearing, readily available, liquid, federally insured account(s). The account(s) to which the funds are deposited shall be an escrow or trust account(s) of the Escrow Agent and the E▇▇▇▇▇▇ Money shall at all times be fully covered by federal insurance so that no portion of the E▇▇▇▇▇▇ Money shall ever be at risk. The E▇▇▇▇▇▇ Money Deposit (together with any interest earned thereon) shall constitute the E▇▇▇▇▇▇ Money hereunder and shall be held, invested, and disbursed pursuant to the respective terms and provisions hereof and of the Escrow Agreement. If Purchaser terminates this Contract on or before the expiration of the Inspection Period in accordance with Section 3.05 hereof, the Good Faith Deposit shall be promptly returned to Purchaser together with all interest earned thereon. Following the expiration of the Inspection Period, Purchaser shall only be entitled to the return of the E▇▇▇▇▇▇ Money Deposit from the Escrow Agent in the event this Contract is terminated pursuant to its terms under circumstances that entitle Purchaser to a return of the E▇▇▇▇▇▇ Money Deposit.
E▇▇▇▇▇▇ Money. 1. When signing the contract, Party B shall pay e▇▇▇▇▇▇ money to Party A, the amount is RMB 297056.46 Yuan. About Party B paying e▇▇▇▇▇▇ money stipulated in the contract, it is the condition for this contract coming into effect.
2. The e▇▇▇▇▇▇ money is the assurance of Party B’s performance of this contract. In any case, Party B shall not require Party A to use the e▇▇▇▇▇▇ money to defray rent or any other expenses payable.
3. When the contract is terminated or terminated in advance through negotiation of both sides, when Party B restores the house to its original state as stipulated in the contract and returns the house, as well as has paid off all the payable expenses related to this house, then Party A shall return the e▇▇▇▇▇▇ money to Party B in original currency, except for the case that Party A confiscates the e▇▇▇▇▇▇ money in accordance with the stipulation of the contract.
E▇▇▇▇▇▇ Money. The aggregate of the Initial E▇▇▇▇▇▇ Money Deposit and the Remaining E▇▇▇▇▇▇ Money Deposit.
E▇▇▇▇▇▇ Money. Within five (5) business days after an election has been made or deemed made under clause (c), the acquiring Tenant in Common shall deposit with a mutually acceptable third-party escrow agent a non-refundable e▇▇▇▇▇▇ money deposit in the amount of five percent (5%) of the amount the selling Tenant in Common is entitled to receive for its Interest under this Exhibit E, which amount shall be applied to the purchase price at closing. If the acquiring Tenant in Common should thereafter fail to consummate the transaction for any reason other than a default by the selling Tenant in Common or a refusal by any lender with respect to the Property who has a right under its loan documents to consent to such transfer to so consent, (i) (A) the e▇▇▇▇▇▇ money deposit shall be distributed from escrow to the selling Tenant in Common, free of all claims of the acquiring Tenant in Common, as liquidated damages and constituting the sole and exclusive remedy available to the selling Tenant in Common because of a default by the acquiring Tenant in Common or (B) the selling Tenant in Common may, by delivering to the acquiring Tenant in Common written notice thereof, elect to buy the acquiring Tenant in Common's entire Interest for an amount equal to the amount the acquiring Tenant in Common would have been entitled to receive if the Tenants in Common had sold the Property for the Valuation Amount and the Tenants in Common had immediately paid all Property level liabilities and Imputed Closing Costs and distributed the net proceeds of the sale to the Tenants in Common pursuant to Section 3, in which case, the Closing Date therefor shall be the date specified in the selling Tenant in Common's notice, and (ii) if the acquiring Tenant in Common was the Offeror, the non-refundable e▇▇▇▇▇▇ money deposit for any future election by the acquiring Tenant in Common to buy the selling Tenant in Common's Interest shall be twenty percent (20%) of the amount the selling Tenant in Common is entitled to receive for its Interest in connection with such future election.
E▇▇▇▇▇▇ Money. Within two (2) Business Days (as hereinafter defined) of the Effective Date, Buyer shall deliver to LandAmerica Title Company, 8▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, Attention: D▇▇▇▇▇ ▇. ▇▇▇▇▇ (Phone: (▇▇▇) ▇▇▇-▇▇▇▇, the “Title Company”), as escrow agent, ONE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($150,000.00) (by Immediately Available Funds) as e▇▇▇▇▇▇ money (the “Initial E▇▇▇▇▇▇ Money”), which funds shall be deposited and held by the Title Company in an interest bearing account, and Buyer shall provide such information, including its federal identification number, as is necessary to establish such account. Upon the closing of that certain Contract of Sale dated as of April ___, 2006, by and between Buyer and T▇ ▇▇▇▇▇▇ Ranch Partners, Ltd., a Texas limited partnership, Buyer shall place into escrow with the Title Company an additional amount equal to ONE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($150,000.00) as additional e▇▇▇▇▇▇ money (the “Additional E▇▇▇▇▇▇ Money”). To the extent delivered by Buyer, the Initial E▇▇▇▇▇▇ Money and the Additional E▇▇▇▇▇▇ Money, together with any interest thereon, are collectively referred to as the “E▇▇▇▇▇▇ Money”. If Buyer does not timely deliver the Initial E▇▇▇▇▇▇ Money as provided in this Section 3, this Contract shall be null and void, and neither party shall have any rights or obligations hereunder. If Buyer has not otherwise terminated this Contract in accordance with the terms hereof, Buyer’s failure to timely deliver the Additional E▇▇▇▇▇▇ Money shall constitute a default by Buyer. If the transaction contemplated by this Contract is closed, then the E▇▇▇▇▇▇ Money will be applied in payment of the Sales Price to be paid at Closing. In the event the transaction is not closed, then the Title Company shall disburse the E▇▇▇▇▇▇ Money in accordance with the provisions of this Contract.