Entitlement to Deposit and Interest Sample Clauses

Entitlement to Deposit and Interest. (1) The party entitled to receive the Deposit is: (a) if this contract settles, the Seller; (b) if this contract is terminated without default by the Buyer, the Buyer; and (c) if this contract is terminated owing to the Buyer’s default, the Seller. (2) The interest on the Deposit must be paid to the person who is entitled to the Deposit. (3) If this contract is terminated, the Buyer has no further claim once it receives the Deposit and interest, unless the termination is due to the Seller’s default or breach of warranty. (4) The Deposit is invested at the risk of the party who is ultimately entitled to it.
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Entitlement to Deposit and Interest. (1) The party entitled to receive the Deposit is: prepared by a registered valuer, in which case the market value of the Land and (b) if this contract settles, the Seller; if this contract is terminated without default by the Buyer, the Buyer; and
Entitlement to Deposit and Interest. The party entitled to receive the Deposit is: Seller necessary for stamping or registering the transfer;
Entitlement to Deposit and Interest. 2.3.1. The party entitled to receive the Deposit is: 2.3.1.1. if this Contract settles, the Seller; 2.3.1.2. if this Contract is terminated without default by the Buyer, the Buyer; and 2.3.1.3. if this Contract is terminated owing to the Buyer’s default, the Seller. 2.3.2. If this Contract is terminated, the Buyer has no further claim once it receives the Deposit and interest, unless the termination is due to the Seller’s default or breach of warranty.
Entitlement to Deposit and Interest. Settlement Date, the Seller gives the Buyer a (1) The party entitled to receive the Deposit is: valuation of the Land and Improvements prepared by a registered valuer, (c) if this contract settles, the Seller; if this contract is terminated without default by the Buyer, the Buyer; and if this contract is terminated owing to the Buyer’s default, the Seller. in which case the market value of the Land and Improvements will be as stated in the valuation.
Entitlement to Deposit and Interest. (a) We are entitled to the Deposit and the Interest if this Contract is terminated because of your default of this Contract. (b) You are entitled to the Deposit and the Interest if this Contract is terminated other than for your default of this Contract. (c) If this Contract settles, then— (i) we are entitled to the Deposit, and (ii) you are entitled to the Interest. (d) Accrued Interest will be paid to the party entitled to it as soon as practicable after Settlement or termination of this Contract (as the case may be). (e) The parties agree the Stakeholder will have no liability to either party arising out of any withholding tax, fees or charges (including break fees or early redemption charges) being withheld or charged in respect of the Interest, irrespective of whether or not you notified the Stakeholder of your tax file number. (f) The party who is entitled to the Interest authorises the Stakeholder to retain from the amount of the Interest the sum of $165 (including GST) in payment to the Stakeholder for attendances associated with the investment of the Deposit. The retention amount is to be released to the Stakeholder for its absolute benefit after (and not before) Settlement, and the payment is conditional upon Settlement taking place. (g) The parties acknowledge this Contract contains promises for valuable consideration made for the benefit of the Stakeholder and the Stakeholder is taken to have accepted the benefit of these promises and may enforce them against the parties. (h) This clause 3.5

Related to Entitlement to Deposit and Interest

  • Payment and Interest The amount determined payable pursuant to the decision, less any portion already paid, normally should be paid without awaiting Contractor action concerning appeal. Such payments shall be without prejudice to the rights of either party. Interest on amounts ultimately determined to be due to a Contractor shall be payable at the Statutory rate applicable to judgments against the State under Chapter 662, HRS from the date of receipt of a properly certified final written statement of actual adjustment required until the date of decision; except, however, that if an action is initiated in circuit court, interest under this Section 7.25, DISPUTES AND CLAIMS (§3-126-31 HAR) shall only be calculated until the time such action is initiated. Interest on amounts due the Department from the Contractor shall be payable at the same rate from the date of issuance of the Project Manager’s notice to the Contractor. Where such payments are required to be returned by a subsequent decision, interest on such payments shall be paid at the statutory rate from the date of payment.

  • Payments and Interest Payments required of PURCHASER by this contract or modifications of this contract, other than those in Sections 13 and 42, shall be received by STATE within the time period stated on the instrument requesting payment from PURCHASER. Payments received after the due date stated on the billing instrument may be subject to an interest charge. The interest rate applied to overdue payments shall be the prime interest rate in effect on the day the payment became delinquent, as established by U.S. Bank, Xxxx and Xxxx Branch, plus 4 percent. Interest shall be calculated from the date of the original billing to the date payment is received by the State Forester.

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