Form; Failure to Deposit. The Earnest Money and Independent Consideration shall be in the form of a ▇▇▇▇▇▇▇ed or cashier's check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Earnest Money or the Independent Consideration within the time periods ▇▇▇▇▇▇ed, Seller may terminate this Agreement by written notice to Purchaser, in which event any Earnest Money that has previously been deposited by Purchaser with Esc▇▇▇ ▇▇▇nt shall be delivered to Seller and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Amerivest Properties Inc), Purchase and Sale Agreement (Amerivest Properties Inc)
Form; Failure to Deposit. The Earnest ▇▇▇▇▇▇▇ Money and the Independent Consideration shall be in the form of a ▇▇▇▇▇▇▇ed certified or cashier's check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Earnest ▇▇▇▇▇▇▇ Money or the Independent Consideration within the time periods ▇▇▇▇▇▇edrequired, and such failure continues for one (1) additional business day after notice from Seller to Purchaser, Seller may terminate this Agreement by written notice to Purchaser, in which event any Earnest ▇▇▇▇▇▇▇ Money that has previously been deposited by Purchaser with Esc▇▇▇ ▇▇▇nt Escrow Agent shall be delivered to Seller and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Berkshire Income Realty Inc), Purchase and Sale Agreement (Berkshire Income Realty Inc)
Form; Failure to Deposit. The Earnest ▇▇▇▇▇▇▇ Money and Independent Consideration shall be in the form of a ▇▇▇▇▇▇▇ed certified or cashier's check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Earnest ▇▇▇▇▇▇▇ Money or the Independent Consideration within the time periods ▇▇▇▇▇▇edrequired, Seller may terminate this Agreement by written notice to Purchaser, in which event any Earnest ▇▇▇▇▇▇▇ Money that has previously been deposited by Purchaser with Esc▇▇▇ ▇▇▇nt Escrow Agent shall be delivered to Seller and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Wells Real Estate Investment Trust Inc)
Form; Failure to Deposit. The Earnest ▇▇▇▇▇▇▇ Money and Independent Consideration shall be in the form of a ▇▇▇▇▇▇▇ed certified or cashier's ’s check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Earnest ▇▇▇▇▇▇▇ Money or the Independent Consideration within the time periods ▇▇▇▇▇▇edrequired, Seller may terminate this Agreement by written notice to Purchaser, in which event any Earnest ▇▇▇▇▇▇▇ Money that has previously been deposited by Purchaser with Esc▇▇▇ ▇▇▇nt Escrow Agent shall be delivered to Seller and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Amerivest Properties Inc)
Form; Failure to Deposit. The Earnest ▇▇▇▇▇▇▇ Money and the Independent Consideration shall be in the form of a ▇▇▇▇▇▇▇ed certified or cashier's check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Earnest Money or the Independent Consideration within the time periods ▇▇▇▇▇▇ed▇ Money within the time periods required, and such failure shall not be cured within one (1) business day after the effective date of written notice of such failure by Seller to Purchaser, Seller may terminate this Agreement by written notice to Purchaser, in which event any Earnest ▇▇▇▇▇▇▇ Money that has previously been deposited by Purchaser with Esc▇▇▇ ▇▇▇nt Escrow Agent shall be delivered to Seller and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Preferred Apartment Communities Inc)