Common use of Deposit and Fees Clause in Contracts

Deposit and Fees. Buyer shall pay to Seller at close of auction, via Seller’s Agent (auctioneer Xxxxxxx Bottles Real Estate Marketing, LLC), by cashier’s check a deposit in an amount equal to Fifty Thousand Dollars ($50,000.00) for Endowment Land identified as «Lake_Front». This deposit shall be applied at Closing to payment for the Endowment Land. Buyer shall also pay at close of auction the following fees to Seller via Seller’s Agent, to be held by Title Company: an Appraisal Fee in the amount of One Thousand Dollars ($1,000.00); and a Title Commitment Deposit in the amount of Eight Hundred Dollars ($800.00), for a total amount of additional costs and fees due at close of auction in the sum of One Thousand Eight Hundred Dollars ($1,800.00). An Administration Fee in an amount equal to six percent (6%) of the Successful Bid for the Endowment Land shall be paid by Buyer at Closing in the amount of ($ ). These costs and fees are in addition to the purchase price for the Endowment Land and shall not be considered part of the purchase price for the Endowment Land. Seller acquired a title commitment from First American Title Company (the “Title Company”). If Buyer acquires a title policy from the Title Company, then the Title Commitment Deposit shall be applied towards the premium for such title policy, and any portion of the Title Commitment Deposit in excess of the said premium, if any, shall be refunded to Buyer. For purposes of calculating any amount of refund of the Title Commitment Deposit, the amount of the title policy shall be calculated based on an amount of insurance equal to the total value of the Successful Bid for the Endowment Land. If Buyer fails to purchase a title policy from the Title Company, then a cancellation fee shall be calculated in an amount equal to one-half (½) of the amount the premium would have been if title insurance had been acquired up to the amount of the Title Commitment Deposit, which amount shall be paid to or retained by the Title Company as a cancellation fee, and the difference, if any, shall be refunded to Buyer.

Deposit and Fees. Buyer shall pay to Seller at close of auction, via Seller’s Agent (auctioneer Xxxxxxx Bottles Real Estate MarketingAuctions, LLC), by cashier’s check a deposit in an amount equal to Fifty Thousand Dollars ($50,000.0050,000) for Endowment Land identified as «Lake_Front». This deposit shall be applied at Closing to payment for the Endowment Land. Buyer shall also pay at close of auction the following fees to Seller via Seller’s Agent, to be held by Title Company: an Appraisal Fee in the amount of One Thousand Dollars ($1,000.001,000); and a Title Commitment Deposit in the amount of Eight Hundred Dollars ($800.00800), for a total amount of additional costs and fees due at close of auction in the sum of One Thousand Eight Hundred Dollars ($1,800.001,800). An Administration Fee in an amount equal to six percent (6%) of the Successful Bid for the Endowment Land shall be paid by Buyer at Closing in the amount of ($ ). These costs and fees are in addition to the purchase price for the Endowment Land and shall not be considered part of the purchase price for the Endowment Land. Seller acquired a title commitment from First American Title Company (the “Title Company”). If Buyer Xxxxx acquires a title policy from the Title Company, then the Title Commitment Deposit shall be applied towards the premium for such title policy, and any portion of the Title Commitment Deposit in excess of the said premium, if any, shall be refunded to Buyer. For purposes of calculating any amount of refund of the Title Commitment Deposit, the amount of the title policy shall be calculated based on an amount of insurance equal to the total value of the Successful Bid for the Endowment Land. If Buyer fails to purchase a title policy from the Title Company, then a cancellation fee shall be calculated in an amount equal to one-half (½) of the amount the premium would have been if title insurance had been acquired up to the amount of the Title Commitment Deposit, which amount shall be paid to or retained by the Title Company as a cancellation fee, and the difference, if any, shall be refunded to Buyer.

Deposit and Fees. Buyer Lessee shall pay the non-refundable administration fee indicated above upon executing this agreement. Occupant agrees to Seller at close pay the sum of auction, via Seller’s Agent (auctioneer Xxxxxxx Bottles Real Estate Marketing, LLC), by cashier’s check $ as a deposit in an amount equal to Fifty Thousand Dollars ($50,000.00) for Endowment Land identified as «Lake_Front». This deposit shall be applied at Closing to payment for the Endowment Land. Buyer shall also pay at close of auction the following fees to Seller via Seller’s Agent, to be held by Title Company: an Appraisal Fee in the amount of One Thousand Dollars ($1,000.00); Lessor and a Title Commitment Deposit in the amount of Eight Hundred Dollars ($800.00)to be used, if necessary, for a total amount the repair of additional costs and fees due any damage done to the space, to clean up the space at close of auction in the sum of One Thousand Eight Hundred Dollars ($1,800.00). An Administration Fee in an amount equal to six percent (6%) termination of the Successful Bid for the Endowment Land shall be paid by Buyer at Closing in the amount of ($ )Agreement including disposal charges and landfill fees. These costs and fees are in addition Further, Lessor may offset any additional charges, rents or amounts owed to the purchase price for the Endowment Land and shall not be considered part of the purchase price for the Endowment Land. Seller acquired a title commitment from First American Title Company (the “Title Company”). If Buyer acquires a title policy Lessor from the Title Companydeposit and if such deposit is insufficient to pay or reimburse Lessor for any and all such charges and offsets, Occupant shall remain liable for any balance owed. In the event that the space is left in a good state of repair and in a broom-swept condition, and no additional charges are owed to Lessor, then the Title Commitment Deposit shall be applied towards deposit, or any unused portion, as the premium for such title policy, and any portion of the Title Commitment Deposit in excess of the said premium, if anycase may be, shall be refunded to Buyerthe Occupant. For purposes Occupant waives the obligation of calculating Lessor to maintain such deposit in a separate account and specifically authorizes that Lessor may use such deposit during the term hereof, without in any way releasing the obligation of Lessor to either credit such deposited amount as set forth herein, or to return such deposited amount upon Occupant vacating the space. In the event of refund a dishonored bank check or credit/debit card payment from Occupant to Lessor, Occupant agrees to pay Lessor a $25.00 RETURNED CHECK/CARD FEE as liquidated damages to defray administrative expenses incurred by Lessor. OCCUPANT AGREES THAT PAYMENTS RECEIVED AFTER THE 5TH DAY OF THE ANNIVERSARY DATE ARE SUBJECT TO A LATE FEE OF $10.00 or 15% OF THE MONTHLY RENTAL PAYMENT, WHICHEVER IS GREATER. Any account thirty (30) or more days’ delinquent will be assessed an amount set forth above as a LIEN FEE along with all collection, auction preparation, advertising and other charges incurred by Lessor in connection with the sale or proposed sale to dispose of the Title Commitment DepositUnit’s contents, the amount of the title policy which sale shall be calculated based on an amount of insurance equal conform to the total value requirements of the Successful Bid for the Endowment Land. If Buyer fails to purchase a title policy from the Title Company, then a cancellation fee shall be calculated in an amount equal to one-half (½) of the amount the premium would have been if title insurance had been acquired up to the amount of the Title Commitment Deposit, which amount shall be paid to or retained by the Title Company as a cancellation fee, and the difference, if any, shall be refunded to BuyerNorth Carolina law.

Deposit and Fees. Buyer shall pay to Seller at close of auction, via Seller’s Agent (auctioneer Xxxxxxx Bottles Real Estate Marketing, LLC), by cashier’s check a deposit in an amount equal to Fifty «Written_Auction_Deposit» Thousand Dollars ($50,000.00«Numeric_Auction_Deposit») for Endowment Land identified as «Lake_FrontLake_Front NonLake_Front». This deposit shall be applied at Closing to payment for the Endowment Land. Buyer shall also pay at close of auction the following fees to Seller via Seller’s Agent, to be held by Title Company: an Appraisal Fee in the amount of One Thousand Dollars ($1,000.001,000); and a Title Commitment Deposit in the amount of Eight Hundred «Written_Title_Commitment_Deposit» Dollars ($800.00«Numeric_Title_Commitment_Deposit»), for a total amount of additional costs and fees due at close of auction in the sum of One Thousand Eight Hundred «Written_Appraisal_Fee_and_TC_Deposit» Dollars ($1,800.00«Numeric_Appraisal_Fee_and_TC_Deposit»). An Administration Fee in an amount equal to six percent (6%) of the Successful Bid for the Endowment Land shall be paid by Buyer at Closing in the amount of ($ ). These costs and fees are in addition to the purchase price for the Endowment Land and shall not be considered part of the purchase price for the Endowment Land. Seller acquired a title commitment from First American Title Company (the “Title Company”). If Buyer acquires a title policy from the Title Company, then the Title Commitment Deposit shall be applied towards the premium for such title policy, and any portion of the Title Commitment Deposit in excess of the said premium, if any, shall be refunded to Buyer. For purposes of calculating any amount of refund of the Title Commitment Deposit, the amount of the title policy shall be calculated based on an amount of insurance equal to the total value of the Successful Bid for the Endowment Land. If Buyer fails to purchase a title policy from the Title Company, then a the cancellation fee shall be calculated in an amount equal to one-half (½) of the amount the premium would have been if title insurance had been acquired up to the amount of the Title Commitment Deposit, which amount shall be paid to or retained by the Title Company as a cancellation fee, and the difference, if any, shall be refunded to Buyer.