Common use of Construction Deposits Clause in Contracts

Construction Deposits. Buyer agrees to deposit $ with Keystone Homes, Inc. for the construction of Home. The deposit (“Deposit”) will be credited toward the Purchase Price of Home at closing. Buyer agrees Deposit is not xxxxxxx money and is not refundable if Buyer does not close on Home by the Closing Date stated in Paragraph 3, Page 1 of this Agreement. This non-refundable Construction Deposit is not subject to the provisions of Paragraph 4 B of this Agreement. The Construction Deposit is not refundable regardless of whether the Buyer’s mortgage loan is approved or not approved as provided in Paragraph 4 B above. Construction Deposits are not subject to any VA or FHA amendments. If Seller does not receive Deposit within five (5) business days of Agreement acceptance, Seller may terminate Agreement. If Buyer uses Lender not on Seller’s approved list and Closing Date is delayed, other than a delay because Seller has not obtained a Certificate of Occupancy for Property, then Seller shall retain $50 per day of Deposit as liquidated damages. Any and all amounts retained by Seller because of Closing Date delays shall not be credited toward the Purchase Price of Property.

Construction Deposits. Buyer Xxxxx agrees to deposit $ with Keystone Homes, Inc. for the construction of Home. The deposit (“Deposit”) will be credited toward the Purchase Price of Home at closing. Buyer Xxxxx agrees Deposit is not xxxxxxx money and is not refundable if Buyer Xxxxx does not close on Home by the Closing Date stated in Paragraph 3, Page 1 of this Agreement. This non-refundable Construction Deposit is not subject to the provisions of Paragraph 4 B of this Agreement. The Construction Deposit is not refundable regardless of whether the Buyer’s mortgage loan is approved or not approved as provided in Paragraph 4 B above. The Construction Deposit also is not refundable if the Agreement is canceled pursuant to terms of paragraphs 15 or 27. Construction Deposits are not subject to any VA or FHA amendments. If Seller does not receive Deposit within five (5) business days of Agreement acceptance, Seller may terminate Agreement. If Buyer uses Lender not on Seller’s approved list and Closing Date is delayed, other than a delay because Seller has not obtained a Certificate of Occupancy for Property, then Seller shall retain $50 per day of Deposit as liquidated damages. Any and all amounts retained by Seller because of Closing Date delays shall not be credited toward the Purchase Price of Property.

Construction Deposits. Buyer agrees to deposit $ with Keystone Homes, Inc. for the construction of Home. The deposit (“Deposit”) will be credited toward the Purchase Price of Home at closing. Buyer Xxxxx agrees Deposit is not xxxxxxx money and is not refundable if Buyer Xxxxx does not close on Home by the Closing Date stated in Paragraph 3, Page 1 of this Agreement. This non-refundable Construction Deposit is not subject to the provisions of Paragraph 4 B of this Agreement. The Construction Deposit is not refundable regardless of whether the Buyer’s mortgage loan is approved or not approved as provided in Paragraph 4 B above. The Construction Deposit also is not refundable if the Agreement is terminated pursuant to terms of paragraphs 15 or 27. Construction Deposits are not subject to any VA or FHA amendments. If Seller does not receive Deposit within five (5) business days of Agreement acceptance, Seller may terminate Agreement. If Buyer uses Lender not on Seller’s approved list and Closing Date is delayed, other than a delay because Seller has not obtained a Certificate of Occupancy for Property, then Seller shall retain $50 100 per day of Deposit as liquidated damages. Any and all amounts retained by Seller because of Closing Date delays shall not be credited toward the Purchase Price of Property.

Construction Deposits. Buyer agrees to deposit $ with Keystone Homes, Inc. for the construction of Home. The deposit (“Deposit”) will be credited toward the Purchase Price of Home at closing. Buyer agrees Deposit is not xxxxxxx money and is not refundable if Buyer does not close on Home by the Closing Date stated in Paragraph 3, Page 1 of this Agreement. This non-refundable Construction Deposit is not subject to the provisions of Paragraph 4 B of this Agreement. The Construction Deposit is not refundable regardless of whether the Buyer’s mortgage loan is approved or not approved as provided in Paragraph 4 B above. The Construction Deposit also is not refundable if the Agreement is canceled pursuant to terms of paragraphs 15 or 27. Construction Deposits are not subject to any VA or FHA amendments. If Seller does not receive Deposit within five (5) business days of Agreement acceptance, Seller may terminate Agreement. If Buyer uses Lender not on Seller’s approved list and Closing Date is delayed, other than a delay because Seller has not obtained a Certificate of Occupancy for Property, then Seller shall retain $50 per day of Deposit as liquidated damages. Any and all amounts retained by Seller because of Closing Date delays shall not be credited toward the Purchase Price of Property.

Construction Deposits. Buyer Xxxxx agrees to deposit $ with Keystone Homes, Inc. for the construction of Home. The deposit (“Deposit”) will be credited toward the Purchase Price of Home at closing. Buyer Xxxxx agrees Deposit is not xxxxxxx money and is not refundable if Buyer Xxxxx does not close on Home by the Closing Date stated in Paragraph 3, Page 1 of this Agreement. This non-refundable Construction Deposit is not subject to the provisions of Paragraph 4 B of this Agreement. The Construction Deposit is not refundable regardless of whether the Buyer’s mortgage loan is approved or not approved as provided in Paragraph 4 B above. Construction Deposits are not subject to any VA or FHA amendments. If Seller does not receive Deposit within five (5) business days of Agreement acceptance, Seller may terminate Agreement. If Buyer uses Lender not on Seller’s approved list and Closing Date is delayed, other than a delay because Seller has not obtained a Certificate of Occupancy for Property, then Seller shall retain $50 100 per day of Deposit as liquidated damages. Any and all amounts retained by Seller because of Closing Date delays shall not be credited toward the Purchase Price of Property.

Construction Deposits. Buyer agrees to deposit $ with Keystone Homes, Inc. for the construction of Home. The deposit (“Deposit”) will be credited toward the Purchase Price of Home at closing. Buyer agrees Deposit is not xxxxxxx money and is not refundable if Buyer does not close on Home by the Closing Date stated in Paragraph 3, Page 1 of this Agreement. This non-non- refundable Construction Deposit construction deposit is not subject to the provisions of Paragraph 4 B of this Agreement. The Construction Deposit is not refundable regardless of whether the Buyer’s mortgage loan is approved or not approved as provided in Paragraph 4 B above. Construction Deposits are not subject to any VA or FHA amendments. If Seller does not receive Deposit within five (5) business 5 days of Agreement acceptance, Seller may terminate Agreement. If Buyer uses Lender not on Seller’s approved list and Closing Date is delayed, other than a delay because Seller has not obtained a Certificate of Occupancy for Property, then Seller shall retain $50 per day of Deposit as liquidated damages. Any and all amounts retained by Seller because of Closing Date delays shall not be credited toward the Purchase Price of Property.