Common use of Form; Failure to Deposit Clause in Contracts

Form; Failure to Deposit. The ▇▇▇▇▇▇▇ Money shall be in the form of a certified or cashier's check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. In the event the Initial ▇▇▇▇▇▇▇ Money is not actually received by Escrow Agent within the time period specified herein, this Agreement will become null and void and of no further force or effect whatsoever. In the event the Additional ▇▇▇▇▇▇▇ Money is not actually received by Escrow Agent within the time period specified herein, Purchaser will be deemed to be in default hereunder, and Seller will have the right to pursue all rights and remedies provided hereunder with respect to Purchaser’s default (including, without limitation, the right to terminate this Agreement and receive the Initial ▇▇▇▇▇▇▇ Money, together with all interest earned thereon, as liquidated damages for the breach of this Agreement); provided, however, that if the Additional ▇▇▇▇▇▇▇ Money is deposited with Escrow Agent prior to Seller’s exercise of its remedies hereunder, such default with respect to the Additional ▇▇▇▇▇▇▇ Money shall be deemed cured. Exhibit M, List of Existing Loan Documents M-6

Form; Failure to Deposit. The ▇▇▇▇▇▇▇ Money shall be in the form of a certified or cashier's check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. In the event the Initial ▇▇▇▇▇▇▇ Money is not actually received by Escrow Agent Exhibit M, List of Existing Loan Documents M-6 within the time period specified herein, this Agreement will become null and void and of no further force or effect whatsoever. In the event the Additional ▇▇▇▇▇▇▇ Money is not actually received by Escrow Agent within the time period specified herein, Purchaser will be deemed to be in default hereunder, and Seller will have the right to pursue all rights and remedies provided hereunder with respect to Purchaser’s default (including, without limitation, the right to terminate this Agreement and receive the Initial ▇▇▇▇▇▇▇ Money, together with all interest earned thereon, as liquidated damages for the breach of this Agreement); provided, however, that if the Additional ▇▇▇▇▇▇▇ Money is deposited with Escrow Agent prior to Seller’s exercise of its remedies hereunder, such default with respect to the Additional ▇▇▇▇▇▇▇ Money shall be deemed cured. Exhibit M, List of Existing Loan Documents M-6.