Five Hundred Thousand and 00/100 Dollars ($500,000.00) shall be paid by Purchaser to [[Organization A:Organization]] as a deposit by wire transfer of immediately available funds to an account designated in writing by [[Organization A:Organization]] concurrently with the execution of this Agreement (the “Deposit”), and said Deposit shall be held by [[Organization A:Organization]] and applied to the Purchase Price upon Closing (as hereinafter defined), except as hereinafter provided. The Deposit shall be promptly refunded to the Purchaser in the event this Agreement is terminated for any reason or not consummated by the Outside Closing Date; provided, however, notwithstanding the foregoing, the Deposit shall not be refunded to Purchaser and shall be forfeited by Purchaser (and thereby retained by [[Organization A:Organization]]) if the [[Organization A:Organization]] terminates this Agreement pursuant to [Sections 9.1(b)(i), (ii) or (iv)])])] hereof.
Five Hundred Thousand and 00/100 Dollars ($500,000.00) shall be paid by Purchaser to [[Organization A:Organization]] as a depositon the Closing Date by wire transfer of immediately available funds to an account designated in writing by [[Organization A:Organization]] concurrently with the execution of this Agreement (the “Deposit”),; and said Deposit shall be held by [[Organization A:Organization]] and applied to the Purchase Price upon Closing (as hereinafter defined), except as hereinafter provided. The Deposit shall be promptly refunded to the Purchaser in the event this Agreement is terminated for any reason or not consummated by the Outside Closing Date; provided, however, notwithstanding the foregoing, the Deposit shall not be refunded to Purchaser and shall be forfeited by Purchaser (and thereby retained by [[Organization A:Organization]]) if the [[Organization A:Organization]] terminates this Agreement pursuant to [Sections 9.1(b)(i), (ii) or (iv)])])] hereof.
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