If all closing conditions have been satisfied or waived and Quest fails to close the Acquisition, Devon will be entitled to retain Quest's $5 million earnest money deposit
, but will not have any other recourse against Quest.
Pursuant to the termination agreement, Star Scientific will retain a $2 million earnest money deposit
that had been placed into escrow by North Atlantic and the parties executed releases of any liability arising out of the Asset Purchase Agreement.
CogenAmerica executed and delivered a Stock Purchase Agreement for the MCPC power facility and tendered an earnest money deposit
Pursuant to the agreement of sale, the purchaser has made an earnest money deposit
On August 11, 1995, Crystallume executed a definitive purchase agreement and made a non- refundable earnest money deposit
of $750,000 towards the purchase price, using funds provided to the Company by certain institutional shareholders.