Common use of Form; Failure to Deposit Clause in Contracts

Form; Failure to Deposit. The ▇▇▇▇▇▇▇ Money shall be paid by wire transfers to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit all of the ▇▇▇▇▇▇▇ Money within the time periods required, Seller may terminate this Agreement by written notice to Purchaser and Escrow Agent, in which event any ▇▇▇▇▇▇▇ Money that has previously been deposited by Purchaser with Escrow Agent shall be immediately 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 4 contracts

Sources: Purchase and Sale Agreement (Dividend Capital Total Realty Trust Inc.), Member Interest Purchase and Sale Agreement (Dividend Capital Total Realty Trust Inc.), Member Interest Purchase and Sale Agreement (Istar Financial Inc)

Form; Failure to Deposit. The ▇▇▇▇▇▇▇ Money Money, and all other funds required to be delivered under this Agreement, shall be paid by in the form of a wire transfers transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit all any portion of the ▇▇▇▇▇▇▇ Money within the time periods required, Seller may terminate this Agreement by written notice to Purchaser and Escrow Agent, in at any time prior to the date on which event any Purchaser deposits such portion of the ▇▇▇▇▇▇▇ Money that has previously been deposited by Purchaser with Escrow Agent shall be immediately delivered to Seller and thereafter Money, in which event 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: Sale and Purchase Agreement (Iradimed Corp)