Deposit; Balance Sample Clauses

Deposit; Balance. Buyer’s attorney has received and is holding the balance of $272,500 (the “Balance”) toward the full Purchase Price of Two Hundred Eighty-Five Thousand Dollars ($285,000.00), which Balance will be wire transferred to the Law Firm’s Escrow Account on or before three (3) days before the Closing Date, set forth herein, to purchase the Common Shares being sold by the Seller. The Purchase Price will be held in the Law Firm’s Escrow Account until Closing (as defined in Section 6.1 of this Agreement) or until ordered released as per other sections of this Agreement.
Sample 1
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Deposit; Balance. 5.1 The Landlord acknowledges that: 5.1.1 the Deposit Balance is and remains beneficially the property of the Tenant subject to the charge created by clause 4.4 and the Bank has been notified in writing of this fact; and 5.1.2 it must not make any withdrawals from the Deposit Account except on the terms of this Deed. CONTENTS 5.2 The Tenant acknowledges that the Landlord is entitled to make withdrawals from the Deposit Account on the terms of this Deed and that any money so withdrawn will become the property of the Landlord. 5.3 The Landlord may notify the Tenant that the Deposit Balance is to be reduced by such sum as may be specified to settle any of the Secured Liabilities. If the Tenant does not pay to the Landlord the sums specified within 10 working days after being notified, the Landlord may withdraw those sums from the Deposit Account. 5.4 The Tenant must pay to the Landlord on demand such further sums as may be required to ensure that the Deposit Balance is at all times equal to the Minimum Balance. 5.5 The Landlord must pay any sums received from the Tenant under clause 5.4 into the Deposit Account within 2 working days of receipt and they will form part of the Deposit Balance. 5.6 Interest earned on the Deposit Account must be credited to the Deposit Account. It will form part of the Deposit Balance until paid to the Tenant in accordance with clause 6.
Sample 1
Deposit; Balance. Purchaser has made, by wire transfer to the Escrow Agent, the Deposit of Twenty Five Thousand Dollars ($25,000) toward the full Purchase Price of Ninety Thousand Dollars ($90,000.00); the Balance of $65,000 will be wire transferred to the Escrow Agent’s Escrow Account within 72 hours after this SPA is signed by both Parties, to purchase the Shares being sold by the Seller. The Purchase Price will be held in the Escrow Account until Closing (as defined in Section 3.01 of this Agreement) or until ordered released as per other sections of this Agreement. The Balance shall be fully refundable to Purchaser until the Closing, for any reason or no reason. In addition if, after signing this Agreement and prior to the Closing, the Purchaser discovers something material that was not previously disclosed to Purchaser, which changes the structure and intent of this Agreement and the transaction, and which the Seller cannot correct immediately, the Purchaser will notify the Seller of the subject of concern and their intention to terminate this Agreement and to request a refund of the Deposit, in writing, addressed to the individuals and addresses listed in Article VI, 6.09 of this Agreement. The Seller then shall have five (5) business days after receiving the request for the return of the Purchase Price, to correct the discrepancy, or the Purchase Price will be refunded to the Purchaser by the Escrow Agent, and this Agreement will be terminated with no liability of either party. The Seller has forwarded, for review by the Purchaser, any and all documents of INTB which Purchaser has requested.
Sample 1
Deposit; Balance. The balance of the Deposit remaining after making the Patriot Payoff shall be held in escrow by the Sellers until the earlier of (i) the release of the Deposit to the Sellers at the Closing or (ii) the release of the Deposit pursuant to Section 8 of this Agreement.
Sample 1
Deposit; Balance. Purchaser’s attorney has received and is holding the Deposit of Fifty Thousand Dollars ($50,000) toward the full Purchase Price of Seventy Nine Thousand Dollars ($79,000.00); the Balance of $29,000 will be wire transferred to the Law Firm’s Escrow Account on or before three days before the Closing Date, set forth herein, to purchase the Shares being sold by the Seller. The Purchase Price will be held in the Law Firm’s Escrow Account until Closing (as defined in Section 3.01 of this Agreement) or until ordered released as per other sections of this Agreement. The Balance shall be fully refundable to Purchaser until the Closing, for any reason or no reason. The Seller has forwarded, for review by the Purchaser, any and all documents of CHTA which Purchaser has requested, in reply to the Due Diligence Questionnaire previously sent to Seller’s attorney.
Sample 1
Deposit; Balance. The Landlord acknowledges that: the Deposit Balance is and remains beneficially the property of the Tenant subject to the charge created by clause 4.3 and the Bank has been notified in writing of this fact; and9 it must not make any withdrawals from the Deposit Account except on the terms of this Deed. The Tenant acknowledges that the Landlord is entitled to make withdrawals from the Deposit Account on the terms of this Deed and that any money so withdrawn will become the property of the Landlord. The Landlord may notify the Tenant that the Deposit Balance is to be reduced by such sum as may be specified to settle any of the Secured Liabilities. If the Tenant does not pay to the Landlord the sums specified within 5 Business Days after being notified, the Landlord may withdraw those sums from the Deposit Account. The Tenant must pay to the Landlord on demand such further sums as may be required to ensure that the Deposit Balance is at all times equal to the Minimum Balance, including following any increase in the Minimum Balance after a review of the yearly rent.10 The Landlord must pay any sums received from the Tenant under clause 5.4 into the Deposit Account and they will form part of the Deposit Balance. Interest earned on the Deposit Account must be credited to the Deposit Account. It will form part of the Deposit Balance until paid to the Tenant in accordance with [clause 6 or] clause 7.11 Subject to clause 6.2, on each Interest Date the Landlord must pay to the Tenant the interest earned on the Deposit Account net of tax deducted by the Bank and after deducting any costs charged by the Bank for the operation of the Account. If, on an Interest Date, any sums are due from the Tenant under the Lease or this Deed or there is any dispute between the Landlord and the Tenant under the Lease or this Deed, the Interest Date will be deferred until the date on which the Tenant has paid those sums in full or the relevant dispute has been resolved, as the case may be. The Tenant must not set off interest due to it under this clause 6 against any sums due from the Tenant to the Landlord under the Lease or this Deed.]12
Sample 1
Deposit; Balance. The Borrower covenants and agrees to at all times maintain a collected funds Deposit balance equal to the then unpaid principal balance of the Term Loan.
Sample 1
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Related to Deposit; Balance

  • Credit Balances No interest or other amount will be paid by us on any credit balance on the Unallocated Account.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Minimum Balance Xxxxxxxx agrees to maintain a minimum balance of funds in the Settlement Account as Processor may specify to Merchant in writing from time to time.

  • Account Balances Balances shown in your accounts may include deposits subject to verification by us. The balance reflected in the Service may differ from your records due to deposits in progress, checks outstanding, or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. A transfer request must be made before the Business Day Cut-off time to be effective the same Business Day. The balances within the Service are updated periodically and the Service will display the most current "as of" date on the "accounts" summary page. There may be situations that cause a delay in an update of your balances. The Service will use the most current balance available at the time of a transaction to base our approval for account transfers.

  • Interest Reserve Account The Certificate Administrator shall establish and maintain the Interest Reserve Account in the Certificate Administrator’s name, on behalf of the Trustee, for the benefit of the Certificateholders. The Interest Reserve Account shall be established and maintained as a non-interest bearing Eligible Account. On each Master Servicer Remittance Date occurring in January (except during a leap year) or February (commencing in 2018) (unless, in either such case, the related Distribution Date is the final Distribution Date), the Master Servicer shall remit to the Certificate Administrator for deposit into the Interest Reserve Account, in respect of all the Mortgage Loans that accrue interest on the basis of a 360-day year and the actual number of days in the related month, an amount equal to one day’s interest at the related Net Mortgage Rate on the Stated Principal Balance of each such Mortgage Loan as of the close of business on the Distribution Date in the month preceding the month in which such Master Servicer Remittance Date occurs, to the extent a Monthly Payment or P&I Advance is made in respect thereof (all amounts so deposited in any consecutive January (if applicable) and February, “Withheld Amounts”). On or prior to the Master Servicer Remittance Date in March (or February if the final Distribution Date occurs in such month) of each calendar year (commencing in 2018), the Certificate Administrator shall transfer to the Lower-Tier REMIC Distribution Account the aggregate of all Withheld Amounts on deposit in the Interest Reserve Account.

  • Remaining Balance In the event the Grantee does not submit invoices requesting all of the funds encumbered under this Grant Agreement, any remaining funds revert to the State. The State will notify the Grantee stating that the Project file is closed and any remaining balance will be disencumbered and unavailable for further use under this Grant Agreement.

  • Cash Balance Within two (2) Business Days after the end of each Fiscal Month, Borrower will deliver a certificate reporting to Agent the Cash Balance as of the last day of the Fiscal Month just ended, which certificate shall be executed and certified by a Responsible Officer of the Borrower as true and correct; (d)

  • Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."

  • Certificate Distribution Account The Certificate Distribution Account shall be established as a non-interest bearing trust account pursuant to Section 4.1 of the Sale and Servicing Agreement. Funds on deposit in the Certificate Distribution Account shall be held uninvested. The Certificateholders shall possess all beneficial right, title and interest in and to all funds on deposit from time to time in the Certificate Distribution Account and all proceeds thereof. Except as otherwise provided herein, in the Indenture or in the Sale and Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Certificate Paying Agent for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Account, the Servicer on behalf of the Issuer, shall, within ten (10) Business Days (or such longer period) after becoming aware of the fact, establish a new Certificate Distribution Account as an Eligible Account and shall direct the Certificate Paying Agent to transfer any cash then on deposit in the Certificate Distribution Account to such new Certificate Distribution Account.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,006,549.92.

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