Deposit is Required Sample Clauses
The 'Deposit is Required' clause mandates that a party must provide a specified sum of money upfront as a condition for entering into an agreement or commencing a transaction. Typically, this deposit serves as security for the performance of contractual obligations, such as reserving a rental property or securing goods or services. By requiring a deposit, the clause helps ensure the commitment of the parties involved and protects the recipient against potential losses if the other party fails to fulfill their obligations.
Deposit is Required. The Buyer shall remit to the Seller, together with this Letter of Intent, payment in the amount of ______________________ Dollars ($______________________) (“Deposit”). The Deposit shall be accepted by the Seller as: (check one) ☐ Refundable under the following terms: __________________________
Deposit is Required. The Lessee shall be required to pay the Lessor a security deposit in the amount of $ , due prior to or upon the signing of a lease. ☐
Deposit is Required. The Buyer shall remit to the Seller, together with this Letter of Intent, payment in the amount of (this amount must be at least 1% of the purchase price) (“Deposit”). The Deposit will be NON REFUNDABLE shall be accepted by the Seller and the Seller will immediately remove all the advertising of the sale of the property.