Final Deposit Sample Clauses

Final Deposit. Upon satisfaction or waiver of Purchaser's condition precedent set forth in Section 10.19, Purchaser shall deliver to Escrow Agent by wire transfer of federal funds a final good faith deposit towards the Purchase Price in the amount of $12,500 (the "Final Escrow Deposit") to be held pursuant to the Escrow Agreement (together, the Initial Escrow Deposit and the Final Escrow Deposit shall be referred to as the "Escrow Deposit").
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Final Deposit the deposit of five millions and five hundred thousand Dollars, reduced by, as the case may be, the amount of the Indemnification Escrowed Amount, and/or by the quantified amount of damages claimed by AMTROL, until Completion Date, and which have been accepted by ANTONIO MIRANDA, through writtxx xxxxxxxx xxxned by both;
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Final Deposit. Buyer shall deliver to its counsel, Bode, Call & Sxxxxxx, LLP. ("BCS") into an interest bearing segregated account (the "BCS Escrow Account") via wire transfer, cashier's check or certified check the sum of $400,000 concurrently with and as a condition of the entry of the Sale and Lease Assumption Order (the "Final Deposit") . This Final Deposit shall be
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Final Deposit. The Final Deposit shall be held by Landlord as security for the performance of Tenant's obligations under this Lease. Upon each occurrence of an Event of Default (hereinafter defined), Landlord may use all or part of the Final Deposit to pay delinquent payments due under this Lease, and the cost of any damage, injury, expense or liability caused by such Event of Default, without prejudice to any other remedy provided herein or provided by law. Tenant shall pay Landlord on demand the amount that will restore the Final Deposit to its original amount. No interest shall accrue on the Final Deposit. Landlord shall not be required to keep all or any part of the Final Deposit separate from its general accounts. Landlord shall be released from any obligation with respect to the Final Deposit upon transfer of this Lease, the Final Deposit, and the Premises to a person or entity assuming Landlord's obligations under this Paragraph 5.
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Final Deposit. Upon issuance of the Approval Order, Buyer will pay Debtor the entire remainder of the Cash Consideration, including any unpaid costs associated with an audit of the Buyer and Seller, if required as a condition of the Merger or to maintain compliance with the rules, regulations and standards of the SEC during the term of this Agreement, and any unpaid fee payable to Seller's prior auditors which may be necessary for certification of an audit of Seller.
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Final Deposit. The Purchaser shall, within two (2) business days of (i) the Purchaser’s Conditions Precedent (as defined below) being satisfied or waived by the Purchaser; and (ii) the satisfaction of the Mutual Condition (as defined below), pay to the Vendor an additional sum of Fifty Thousand Dollars ($50,000) (the “Final Deposit” and together with the Refundable Deposit, the “Deposit”). Subject to Clause 1(f), the Deposit will be non-refundable and paid by way of a cheque or bank draft payable to Colliers Xxxxxxxx Xxxxxxx Inc., in trust, and to be held as contemplated by this Offer; and
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Final Deposit. If no Early Termination Event has occurred and Buyer fails to deliver the Final Deposit in immediately available funds to the account or accounts designated by the Escrow Agent by 5:00 p.m. EST, on the sixteenth business day following the date of execution of this Agreement. If this Agreement is terminated by Seller pursuant to this Section 9.1(e), the Initial Deposit, held by the Escrow Agent pursuant to the Escrow Agreement, including any interest or other proceeds from the investment of such Initial Deposit, shall be disbursed to or at the direction of Seller; provided however, that the remedies provided under this Section 9.1(e) are cumulative and shall not preclude Seller from seeking any other remedies existing at law, in equity or otherwise.
Sample 1
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Final Deposit. (a) Buyer shall deliver the Final Deposit to Escrow Holder within forty-eight (48) hours after the Feasibility Date. Escrow Holder shall place the Final Deposit in an interest-bearing account with interest credited to Buyer provided Buyer is not in default of this Agreement. (b) The Final Deposit shall be applied to the Purchase Price at Closing and shall be non-refundable to Buyer, except as provided in Sections 6.1, 6.2, 10.3(a), 14.1, 15.1(b), and 15.2, and Article XIX.
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Final Deposit. Upon execution of this Agreement, the Buyer shall transfer to the Seller in immediately available funds the sum of four hundred twenty thousand and 00/100 dollars (US$420,000).
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Related to Final Deposit

  • Additional Deposit For reasons of administration, the right is reserved to require payment by parents of an additional deposit (Additional Deposit), as shown on the fees list for the relevant year, in the case of a pupil whose normal residence is outside the United Kingdom. The Additional Deposit will be retained in the general funds of the School until the Pupil leaves and will be repaid by means of a credit without interest to the final payment of Fees or other sums due to the School on leaving, unless stated otherwise in these terms and conditions. See also clause 9.8.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.

  • Additional Deposits (a) The Servicer and the Seller, as applicable, shall deposit or cause to be deposited in the Collection Account on the Determination Date on which such obligations are due the aggregate Purchase Amount with respect to Purchased Receivables and the aggregate Sale Amounts with respect to Sold Receivables. (b) The proceeds of any purchase or sale of the assets of the Trust described in Section 10.1 shall be deposited in the Collection Account.

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • The Deposit The Landlord acknowledges receipt of the Deposit from the Tenant. 7.1 At the end of the Tenancy Period, the Landlord shall be entitled to withhold from the Deposit such proportion of the Deposit as may be reasonably necessary to: (a) make good any damage to the Room, Apartment, Common Parts, Building or the Contents (except for fair wear and tear) caused by the Tenant's failure to take reasonable care of the same; (b) replace any of the Contents which may be missing from the Property; (c) pay any Rent or other sums payable by the Tenant hereunder which remains unpaid; (d) compensate the Landlord for, or for rectifying or remedying any major breach by the Tenant of the Tenant's obligations under the Tenancy Agreement, pay for the Room, Apartment and the Contents to be cleaned if the Tenant is in breach of its obligations under clause 2 (e) pay any unpaid accounts for utilities or water charges or environmental services or other similar services or Council Tax incurred at the Room and Apartment for which the Tenant is liable or which are payable because the Tenant does not qualify for Council Tax exemption(g) removing and disposing of any belongings left by the Tenant at the end of the Tenancy term for the avoidance of doubt use of the Deposit is without prejudice to any other rights or remedies of the Landlord whether express or implied 8.1 The Deposit is protected by mydeposits (the trading name of Tenancy Deposit Solutions Limited) of 0xx Xxxxx, Xxxxxxxxx Xxxxx, Xxxxxxx Xxxx, Xxx Xxxxxx, Xxxxxxxxxxxxx, ENS 1NZ. The Deposit is held by the Managing Agents. 8.2 The Landlord has provided the information required under section 213(5) of the Housing Act 2004 as set out in the Housing (Tenancy Deposits) (Prescribed Information) Order 2007 (SI 2007/797). 8.3 The Landlord agrees that the Deposit shall be held in accordance with the rules of the Tenancy Deposit Scheme. 8.4 The Landlord and Tenant agree that any interest accrued from the Deposit shall be paid to the Landlord. 8.5 The Landlord shall inform the Tenant within ten working days of the Tenancy ending if the Landlord intends to withhold all or part of the Deposit as detailed in clause 7.

  • BIDDING DEPOSIT Subject to Clause 5.1 below, all intending bidders shall deposit with the Auctioneer, prior to the auction sale, a bank draft or cashier’s order drawn in favour of AmBank (M) Berhad for the a/c of IKHMAS JAYA SDN BHD, a Bidding Deposit equivalent to ten per cent (10%) of the Reserve Price or a minimum of RM2,000.00 whichever is higher. Online Bidders are subject to the provisions of Clause(s) 2.4, 2.5 and 2.6 of the Terms and Conditions on xxxx.xxxxxxxx.xxx.xx for the manner of payment of the deposit.

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.” (b) The Xxxxxxx Money Deposit shall be held by Escrow Agent subject to the terms and conditions of an Escrow Agreement dated as of the date of this Contract entered into by Seller, Buyer and Escrow Agent (the “Escrow Agreement”). The Xxxxxxx Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes; provided, however, to the extent that Buyer instructs the Escrow Agent to apply the Xxxxxxx Money Deposit toward the Purchase Price in accordance with Section 2.4, interest shall be deemed to have accrued to the benefit of Buyer and be reportable by Buyer for income tax purposes.

  • Tax and Insurance Escrow Fund (a) If (and for so long as) a Trigger Event shall have occurred and shall not have been cured by a Trigger Event Cure, on each Payment Date during such period, Borrower shall pay to Lender (or Servicer, as directed by Lender) an amount equal to (i) one-twelfth of the Taxes that Lender estimates will be payable during the next ensuing twelve (12) months in order to accumulate with Lender sufficient funds to pay all such Taxes at least thirty (30) days prior to their respective due dates, and (ii) one-twelfth of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate with Lender sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies (said amounts in (i) and (ii) above hereinafter called the “Tax and Insurance Escrow Fund”). Lender shall apply the Tax and Insurance Escrow Fund to payments of Taxes and Insurance Premiums required to be made by Borrower pursuant to Section 5.1.2 hereof and under the Mortgage Loan Agreement. In making any payment relating to the Tax and Insurance Escrow Fund, Lender may do so according to any xxxx, statement or estimate procured from the appropriate public office (with respect to Taxes) or insurer or agent (with respect to Insurance Premiums), without inquiry into the accuracy of such xxxx, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or title or claim thereof. If the amount of the Tax and Insurance Escrow Fund shall exceed the amounts due for Taxes and Insurance Premiums pursuant to Section 5.1.2 hereof, provided no Event of Default shall have occurred and be continuing, then Lender shall return any excess to Borrower (or to Operating Company, if so directed by Borrower). In allocating such excess, Lender may deal with the Person shown on the records of Lender to be the owner of the Properties. If at any time Lender reasonably determines that the Tax and Insurance Escrow Fund is not or will not be sufficient to pay Taxes and Insurance Premiums by the dates set forth in (i) and (ii) above, Lender shall notify Borrower of such determination and Borrower shall increase its monthly payments to Lender by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to the due date of the Taxes and/or thirty (30) days prior to expiration of the Policies, as the case may be. (b) Notwithstanding the foregoing, Borrower shall not be required to make any deposits into the Tax and Insurance Escrow Fund on account of Insurance Premiums if (and for so long as) Borrower shall maintain a blanket insurance policy in respect of the Properties that is in accordance with the provisions of Section 6.1(a) and otherwise satisfactory to Lender in all material respects. (c) Any amount remaining in the Tax and Insurance Escrow Fund following the occurrence of a Trigger Event Cure shall be returned to Borrower (or Operating Company, as directed by Borrower).

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