Deposit Amount. The Landlord can collect a security deposit to hold for the duration of the Tenant’s stay as insurance against any accidental or intentional damage to the property caused by the Tenant. If the lease naturally expires with no such damages then the Landlord must return this held money according to the timeline set by the state where the property is located. The dollar amount to be collected will need to be presented in this document before signing and is also dependent upon the statutes of the state where the property is located. Defaults
Deposit Amount. A refundable deposit of
Deposit Amount. Upon execution of this Agreement, the Buyer shall deliver to J.P. Morgan Trust Company, N.A. (the "Escrow Agent") pursuant to the xxxxx xx xx escrow agreement among the Buyer, the Company and the Escrow Agent, substantially in the form attached hereto as Exhibit A (the "Escrow Agreement"), the Deposit Amount in immediately available funds to be held by the Escrow Agent in an interest bearing account reasonably acceptable to the Buyer to serve as a down payment on the Purchase Price, and to be released in accordance with the following procedures:
(i) on the Closing Date, the Company and the Buyer shall jointly instruct the Escrow Agent to deliver the Deposit Amount, together with the interest accrued thereon, by wire transfer of immediately available funds, to an account designated by the Company in the Escrow Agreement (and such amount shall be applied towards the payment of the Purchase Price);
(ii) upon termination of this Agreement by the Company pursuant to Section 13.1(c) as a result of the Buyer's failure to consummate the transactions contemplated hereunder after the fulfillment or satisfaction of all of the conditions set forth in Article VI, and provided that neither the Parent nor the Company has been in breach of this Agreement, the Company and the Buyer shall jointly instruct the Escrow Agent to deliver the Deposit Amount, together with the interest accrued thereon, by wire transfer of immediately available funds, to an account designated by the Company in the Escrow Agreement, to be retained by the Company (and the payment of the Deposit Amount to the Company shall be the Company's and the Parent's sole and exclusive remedy for Damages resulting from any breach by the Buyer of this Agreement or from termination of this Agreement for any other reason); and
(iii) upon termination of this Agreement for any other reason, the Buyer shall instruct the Escrow Agent to deliver the Deposit Amount, together with the interest accrued thereon, by wire transfer of immediately available funds, to an account designated by the Buyer in the Escrow Agreement, to be retained by the Buyer.
Deposit Amount. The Landlord can collect a security deposit to hold for the duration of the Tenant’s stay as insurance against any accidental or intentional damage to the property caused by the Tenant.
Deposit Amount. Upon execution of this Agreement, Purchasers will deliver to Xxxxxxx Xxxxxxx, Esq., as escrow agent (the "Escrow Agent"), an amount in cash equal to $1,500,000 (the "Deposit Amount"), by wire transfer of immediately available funds to the account of the Escrow Agent set forth in Section 10 of the escrow agreement being entered into on the date hereof by and among the Partners, Purchasers and the Escrow Agent, in the form of Exhibit A hereto (the "Escrow Agreement"). At the Closing, the Escrow Agent shall deliver the Deposit Amount to the Partners, and the Partners shall apply the Deposit Amount towards payment of the Merger Consideration.
Deposit Amount. Purchaser represents and warrants that it has delivered to the Deposit Escrow Agent, pursuant to the terms of the Deposit Escrow Agreement, $10,000,000 in immediately available funds (such amount, together with the interest accrued thereon prior to the Closing, the “Deposit Amount”) to be held by the Deposit Escrow Agent in an interest bearing account reasonably acceptable to Purchaser and Sellers to serve as an xxxxxxx money deposit under this Agreement, and to be released in accordance with the following procedures:
Deposit Amount. During the life of the Lease, the successful Proposer is required to maintain a deposit calculated at one‐half (1/2) of the MAG, as may be adjusted pursuant to the Lease.
Deposit Amount. At the time the reservation is made, you must determine the deposit amount based on the intended length of stay (which, for the purposes of this clause, shall not exceed 14 nights’ lodging). The deposit amount must be applied to the Cardholder’s total obligation.
Deposit Amount. Lessee shall deposit with the District a Security Deposit in the sum equivalent to three month’s Rent, initially Four Thousand Five Hundred and 00/100ths Dollars ($4,500.00). Such deposit shall be in the form of an irrevocable, automatically renewing, bank letter of credit, performance bond obtained from a company that has an A.M. Best’s rating of no less than A:VII or other security satisfactory to the District, in a form approved by the Chief. Upon notice from the Chief, this requirement may be removed until such time that a Security Deposit is required from Lessee. Documents evidencing this deposit must provide that the same shall remain in full force and effect for a period extending two months following any termination or cancellation of this Agreement as herein provided. At all times upon request of District, Lessee will increase the amount on deposit with District to an amount equivalent to at least three months of monthly rental payment due.
Deposit Amount. Deposit Amount
5.6.1 Immediately prior to Signing, the Purchasers have procured the deposit of an amount of USD 200,000,000 (two hundred million US dollars) (the “Deposit Amount”) in cash into the Escrow Account as a security deposit against:
(a) satisfaction of the liabilities of the Purchasers under Clause 10.16, including the Default Payment Fee payable by the Purchasers to the Seller under this agreement; and
(b) payment of the Estimated Purchase Price at Completion of the Transaction, and the Parties have for this purpose entered into an escrow agreement with the Escrow Agent, which is attached hereto as Schedule 19 (Escrow Agreement) (the “Escrow Agreement”).
5.6.2 Any escrow fees related to the opening and keeping in place of the Escrow Account and payments to be made from the Escrow Account, shall be borne by the Purchasers. Any interest accrued on the Deposit Amount will be for the Purchasers.
5.6.3 Subject to Clause 10.16.3, at Completion any Deposit Amount remaining in the Escrow Account may be used by the Purchasers for the purpose of payment of the Estimated Purchase Price in accordance with Clause 6.2.1(c).
5.6.4 The Deposit Amount will, to the extent not paid out in accordance with the terms of this agreement, be held in the Escrow Account until fifteen (15) Business Days after the date of termination of this agreement for whatever reason. Any Deposit Amount remaining in the Escrow Account as at the date fifteen (15) Business Days after the date of termination of this agreement shall be returned to the Purchasers pursuant to the Escrow Agreement, unless the Seller notifies the Purchasers in writing within fifteen (15) Business Days after the date of the termination of this agreement that it claims payment of an amount pursuant to Clause 5.6.1(a), in which event only the amount of the Deposit Amount in excess of such claimed amount will be returned to the Purchasers.
