Deposit Monies definition

Deposit Monies means the initial cash sum of €[ • ] to be paid or transferred by the Depositor into the Account pursuant to Clause 3.1 together with all other cash sums paid or transferred into the Account pursuant to Clause 3.2;
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Deposit Monies means the monies referenced in Section 2.05 of this Lease.
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Deposit Monies means at any time the aggregate of all cash sums paid or transferred by the Depositor into the Account pursuant to Clause 3.1 and which have not been repaid to the Depositor at or prior to such time;
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Examples of Deposit Monies in a sentence

  • If such aggregate total of the actual or reasonably anticipated Holiday Inn Costs exceeds or is reasonably expected by Purchaser to exceed $1,500,000.00, then Purchaser may, in its sole discretion, elect to terminate this Agreement by written notice to Seller prior to Closing, in which event all Deposit Monies, together with any interest thereon, shall be immediately returned to Purchaser, and thereupon neither party shall have any obligation to the other hereunder.

  • Notwithstanding the foregoing, if the cost of such remediation exceeds or is reasonably expected (based on written quotations from contractor(s) mutually acceptable to Seller and Purchaser) to cost Seller more than $100,000, Seller may terminate this Agreement by written notice to Purchaser, at which point all Deposit Monies shall be returned to Purchaser, with interest, and neither party shall have any further rights or obligations hereunder.

  • Therefore, Seller's damages on Purchaser's default shall in all events be limited to Seller's retention of the Deposit Monies, which are agreed to be Seller's liquidated damages hereunder.

  • Notwithstanding the foregoing, in the event of a loss valued at more than $30,000.00, either Seller or Buyer may within 10 days following such loss, terminate this Agreement by notice to the other party, in which event the Deposit Monies shall be returned to Buyer without any further right or remedy in favor of either party against the other.

  • Purchaser hereby waives the conditions set forth in subsections (e) through (k) of Section 6.2 of the Agreement, and the same are hereby deleted entirely, it being understood that all Deposit Monies are and shall be non refundable except as specified in Sections 6.2 (a), (b), (c), (d) and/or (k) of the Agreement.

  • In the event of default under this Agreement, which default is not cured within fifteen (15) days of written notice thereof, the escrow agent shall pay the Deposit Monies to the non-defaulting party, either as liquidated damages or as payment on account of the Purchase Price.

  • The Deposit Monies shall be paid to the Seller at Closing and applied on account of the Purchase Price.

  • The Deposit Monies shall be held in an escrow account by Trammell Crow NE, Inc.

  • In the event that said thirty (30) day period after satisfaction of all contingencies does not expire on or before March 31, 1998, then this Agreement shall expire on March 31, 1998, and thereupon all Deposit Monies, and any interest thereon, shall be returned to Buyer, and the parties hereto shall have no further duties or responsibilities to each other pursuant to this Agreement.


More Definitions of Deposit Monies

Deposit Monies has the meaning set forth in Section 2.2(c);
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Related to Deposit Monies

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Deposit means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.

  • the Deposit means 10% of the Purchase Price;

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.