Deposit Funds. In the event Lessee does not exercise the purchase option, any returnable portion of the security/damage deposit shall be refunded within fifteen (15) days from the date possession is delivered to Lessor or his/her authorized agent.
Deposit Funds. Any returnable deposits shall be refunded within fifteen (15) days from the date possession is delivered to Lessor or his/her authorized agent.
Deposit Funds. (a) If this Agreement is validly terminated by Seller pursuant to Section 3.2(f) as a result of a breach by Purchaser of this Agreement, subject to the terms of the Deposit Escrow Agreement, Seller shall be entitled to receive Deposit Funds equal to $18,750,000; provided that if, prior to the effective date of such termination by Seller, Purchaser shall have delivered to Seller a valid notice of termination pursuant to Section 3.2(e) (which notice shall state Purchaser's intent to terminate this Agreement if the breach or untruth described in such notice is not cured within the applicable cure period provided herein), Seller shall not be entitled to receive Deposit Funds unless Seller shall have cured in all material respects the breach or untruth referred to in such notice prior to the valid termination of this Agreement. Upon any payment to Seller of amounts drawn under the Letter of Credit as provided in this paragraph (a), subject to Section 3.3, the parties hereto and their Affiliates and Representatives shall be fully released and discharged from all liabilities and obligations under or resulting from this Agreement, and no party shall have any other remedy or cause of action against any other party under or relating to this Agreement; provided, however, that in the event that such termination is a result of any willful breach by Purchaser of this Agreement, Seller shall also be entitled to seek other remedies or causes of action to recover any damages sustained by Seller to the extent that the amount of such damages exceeds the Deposit Funds; and provided further, however, that the aggregate amount recovered (including the Deposit Funds received) by Seller pursuant to this Section 3.5(a) shall not, under any circumstances, exceed an amount equal to the amount of the Break-Up Fee.
(b) If this Agreement is validly terminated pursuant to Section 3.2(b) and (i) the Initial Condition (as such term is used in Exhibit A to the Debt Financing Letter) set forth in clause (h) of Exhibit A to the Debt Financing Letter as in effect on the date hereof (or any clause in a subsequent Debt Financing Letter that refers only to the same matters referred to in such clause (h) and that is otherwise substantially identical to such clause (h)) has been satisfied or waived by the lender party to the Debt Financing Letter and (ii) all conditions to Purchaser's and Seller's obligations to effect the Closing have been satisfied or irrevocably waived by the party entitled to ...
Deposit Funds. Agent will deposit funds collected on behalf of the owner in a client trust account in an insured bank or trust company designated by Agent until the net proceeds (gross rental income less any fees and expenditures properly deducted and accounted for) are disbursed to the owner with an accompanying monthly statement reflecting receipts and disbursements.
Deposit Funds. Deposit all funds collected for Owner in a financial institution trust account whose deposits are insured by an agency of the United States Government. The funds shall be held in a trust account separate from the Broker’s personal accounts. Broker shall not be liable in the event of bankruptcy or failure of said financial institution.
Deposit Funds. 9 Section 3.6 Purchaser Expense Reimbursement.................................10
Deposit Funds. AGENT shall deposit all funds collected for the OWNER in the AGENT’S trust account in a federally insured bank or savings and loan company in Honolulu designated by the AGENT. In addition to the management fee, all interest will be retained by AGENT. If funds are held in a certificate, or account on which there is a service charge or penalty, such cost is the responsibility of the AGENT, provided AGENT is receiving interest income on funds.
Deposit Funds. Priveco will have received the Deposit Funds from the Deposit Escrow Agent in accordance with the terms of the Deposit Agreement.
Deposit Funds. The balance of all deposits shall be refunded within 35 calendar days from date of Lease expiration, provided possession is delivered to Owner or his Authorized Agent, together with a statement showing any charges made against such deposits by Owner.
Deposit Funds. (a) Upon the date of full and complete execution by the Parties of this Agreement (the “Execution Date”), Purchaser shall pay to Seller the Deposit Funds, in the form of a bank cashier’s check or wire transfer of immediately available funds.
