5Deposit Sample Clauses

5Deposit. (a) Buyer will deliver to Xxxx and Sellers' counsel a check for $500,000 (the "Deposit") payable to Xxxx upon the execution of this Agreement by Sellers. Subject to Paragraph (b) below, the Deposit shall be held by Xxxx and Sellers' counsel (on behalf of Sellers) until the Closing of the transactions provided for in this Agreement, in which case the Deposit shall be credited against payment of the Purchase Price. (b) If the Closing does not occur, the Deposit shall be either retained by Xxxx (on behalf of Sellers) or returned to Buyer, as follows: i. If all of the conditions to Buyer's obligations to consummate the transactions provided for in this Agreement except for those set forth in Sections 8.5 and 8.7 shall have been satisfied by February 2, 1998, and Buyer exercises its rights under Article 8 hereof not to close because the conditions in either Section 8.5 or 8.7 shall have not been satisfied, then Xxxx (on behalf of Sellers) may retain the Deposit and Buyer shall have no further claim or interest in the Deposit; or ii. If any of the conditions to Buyer's obligations to consummate the transactions provided for in this Agreement, excluding those set forth in Sections 8.5 and 8.7, shall not have been satisfied by March 13, 1998, and Buyer exercises its rights under Article 8 hereof not to close, then Buyer may so notify Xxxx, and Xxxx shall then return the Deposit to Buyer (without interest) within ten (10) days after such notice from Buyer; or iii. If the conditions to Sellers' obligations to consummate the transactions provided for in this Agreement which are set forth in Sections 7.1, 7.4, 7.5, 7.6 and 7.7 shall have been satisfied, and Sellers exercise their rights under Article 7 hereof not to close, because the conditions set forth in Section 7.2 or Section 7.3 shall not have been satisfied, then Xxxx shall return the Deposit to Buyer within ten (10) days after notice from Buyer; or iv. If the conditions to Sellers' obligations to consummate the transactions provided for in this Agreement which are set forth in Sections 7.1, 7.4, 7.5, 7.6 and 7.7 shall not have been satisfied, and Sellers exercise their rights under Article 7 hereof not to close unless clause (ii) of this Paragraph (b) shall also apply, then Xxxx may retain the Deposit and Buyer shall have no further claim or interest in the Deposit. If clause (ii) shall also apply, then the Deposit shall be returned to Buyer as set forth therein. v. Notwithstanding the provisions of clause (i)...
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5Deposit. Purchaser shall deposit with First American Title Insurance Company (the "Escrow Agent"), having its office at 00 Xxxxx XxXxxxx Xxxxxx, Xxxxx 0000, Xxxxxxx, XX 00000; Attention: Xxxxxxx Xxxxxx, the sum of One Million Dollars $1,000,000.00) (the "Deposit") in good funds, either by certified bank or cashier's check or by federal wire transfer. Purchaser shall deposit one-half (1/2) of the Deposit ($500,000.00) with the Escrow Agent within two (2) Business Days after the execution of and delivery of this Agreement, and $250,000 of such Deposit shall be non-refundable as of the Effective Date. Purchaser shall deposit with the Escrow Agent the remaining one-half (1/2) of the Deposit ($500,000.00) one Business Day after the end of the Inspection Period (unless Purchaser terminates this Agreement during the Inspection Period). The Escrow Agent shall hold the Deposit in an interest‑bearing account reasonably acceptable to Seller and Purchaser, in accordance with the terms and conditions of this Agreement. All interest earned on the Deposit shall become a part of the Deposit and shall be deemed income of Purchaser, and Purchaser shall be responsible for the payment of all costs and fees imposed on the Deposit account. The Deposit shall be distributed in accordance with the terms of this

Related to 5Deposit

  • Deposit A deposit totaling 35% of the agreed upon Total Amount is due with acceptance of rental agreement. Payment of deposit shall be deemed as acceptance of this rental agreement. Payment may be made by traveler's checks, bank money order, wire transfer, or certified check or major credit card. Personal checks will be accepted upon approval; if funds are not credited within Ten days booking will be cancelled. The deposit amount is $_DepositAmount_.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • The Deposit The Landlord acknowledges receipt of the Deposit from the Tenant. 7.1 At the end of the Tenancy Period, the Landlord shall be entitled to withhold from the Deposit such proportion of the Deposit as may be reasonably necessary to: (a) make good any damage to the Room, Apartment, Common Parts, Building or the Contents (except for fair wear and tear) caused by the Tenant's failure to take reasonable care of the same; (b) replace any of the Contents which may be missing from the Property; (c) pay any Rent or other sums payable by the Tenant hereunder which remains unpaid; (d) compensate the Landlord for, or for rectifying or remedying any major breach by the Tenant of the Tenant's obligations under the Tenancy Agreement, pay for the Room, Apartment and the Contents to be cleaned if the Tenant is in breach of its obligations under clause 2 (e) pay any unpaid accounts for utilities or water charges or environmental services or other similar services or Council Tax incurred at the Room and Apartment for which the Tenant is liable or which are payable because the Tenant does not qualify for Council Tax exemption(g) removing and disposing of any belongings left by the Tenant at the end of the Tenancy term for the avoidance of doubt use of the Deposit is without prejudice to any other rights or remedies of the Landlord whether express or implied 8.1 The Deposit is protected by mydeposits (the trading name of Tenancy Deposit Solutions Limited) of 0xx Xxxxx, Xxxxxxxxx Xxxxx, Xxxxxxx Xxxx, Xxx Xxxxxx, Xxxxxxxxxxxxx, ENS 1NZ. The Deposit is held by the Managing Agents. 8.2 The Landlord has provided the information required under section 213(5) of the Housing Act 2004 as set out in the Housing (Tenancy Deposits) (Prescribed Information) Order 2007 (SI 2007/797). 8.3 The Landlord agrees that the Deposit shall be held in accordance with the rules of the Tenancy Deposit Scheme. 8.4 The Landlord and Tenant agree that any interest accrued from the Deposit shall be paid to the Landlord. 8.5 The Landlord shall inform the Tenant within ten working days of the Tenancy ending if the Landlord intends to withhold all or part of the Deposit as detailed in clause 7.

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.” (b) The Xxxxxxx Money Deposit shall be held by Escrow Agent subject to the terms and conditions of an Escrow Agreement dated as of the date of this Contract entered into by Seller, Buyer and Escrow Agent (the “Escrow Agreement”). The Xxxxxxx Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes; provided, however, to the extent that Buyer instructs the Escrow Agent to apply the Xxxxxxx Money Deposit toward the Purchase Price in accordance with Section 2.4, interest shall be deemed to have accrued to the benefit of Buyer and be reportable by Buyer for income tax purposes.

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.

  • Reservation Deposit A deposit totaling 35% of the agreed upon total amount is due with acceptance of rental agreement. Payment of deposit shall be deemed as acceptance of this rental agreement. Payment may be made by major credit card service offered by WPVP at time of reservation. We accept VISA or MASTERCARD.

  • Additional Deposit For reasons of administration, the right is reserved to require payment by parents of an additional deposit (Additional Deposit), as shown on the fees list for the relevant year, in the case of a pupil whose normal residence is outside the United Kingdom. The Additional Deposit will be retained in the general funds of the School until the Pupil leaves and will be repaid by means of a credit without interest to the final payment of Fees or other sums due to the School on leaving, unless stated otherwise in these terms and conditions. See also clause 9.8.

  • BIDDING DEPOSIT Subject to Clause 5.1 below, all intending bidders shall deposit with the Auctioneer, prior to the auction sale, a bank draft or cashier’s order drawn in favour of AmBank (M) Berhad for the a/c of IKHMAS JAYA SDN BHD, a Bidding Deposit equivalent to ten per cent (10%) of the Reserve Price or a minimum of RM2,000.00 whichever is higher. Online Bidders are subject to the provisions of Clause(s) 2.4, 2.5 and 2.6 of the Terms and Conditions on xxxx.xxxxxxxx.xxx.xx for the manner of payment of the deposit.

  • Release of Deposit If DSI does not receive Contrary Instructions from the Depositor, DSI is authorized to release the Deposit Materials to the Preferred Beneficiary or, if more than one beneficiary is registered to the deposit, to release a copy of the Deposit Materials to the Preferred Beneficiary. However, DSI is entitled to receive any fees due DSI before making the release. Any copying expense in excess of $300 will be chargeable to Preferred Beneficiary. This Agreement will terminate upon the release of the Deposit Materials held by DSI.

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