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First Deposit Sample Clauses

First DepositUpon execution of the Operating Lease Agreement for any Used Aircraft, the Lessee shall provide the Lessor [*****] for that Used Aircraft. In case of Seller or any Seller’s subsidiary being the Lessor of any Aircraft (as opposed to a third party lessor that is unrelated to Seller), the [*****] [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission.
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First Deposit. Within three (3) business days following the opening of Escrow (as defined under Section 3.1 below), Buyer shall deposit or cause to be deposited with Escrow Holder, in cash, by bank cashier’s check made payable to Escrow Holder, or by a confirmed wire transfer of funds (“Immediately Available Funds”), the sum of Seventy-Five Thousand and 00/100 Dollars ($75,000.00) (the “First Deposit”). If: (i) Buyer affirmatively disapproves in writing the condition of the Property prior to the expiration of the Due Diligence Period and notifies Seller and Escrow Holder in writing that it is terminating this Agreement by such time; or (ii) Buyer desires to terminate this Agreement for any reason or no reason whatsoever, as determined by Buyer in its sole and absolute discretion, and Xxxxx provides written notice to Seller of the same prior to the expiration of the Due Diligence Period; or (iii) Buyer fails to expressly approve the condition of the Property prior to the expiration of the Due Diligence Period by giving Seller written notice of such approval, then the First Deposit, plus any accrued interest thereon (subject however, to Section 2.3.1(a) below), shall be refunded to Buyer and this Agreement shall be terminated, except for any obligations that expressly survive the termination. (a) Notwithstanding anything to the contrary or otherwise stated herein, upon receipt of the First Deposit, Escrow Holder shall immediately release $100.00 of the First Deposit to Seller as non-refundable, independent consideration for this Agreement, and any return or refund of any of the ”Deposits” (defined below) to Buyer as set forth in this Agreement will be the amount of the Deposits less the non-refundable $100.00. (b) Prior to the expiration of the Due Diligence Period and prior to the release of the First Deposit and the “Second Deposit” (defined below) to Seller as provided in Section 2.3.2 below, Buyer and Seller shall each execute, acknowledge and deposit an original, counterpart, recordable Memorandum of Agreement (the “Memorandum”) in the form attached hereto as Exhibit “B” and incorporated herein by this reference with Escrow Holder. Concurrently with the release of the First Deposit and the Second Deposit to Seller, Escrow Holder shall cause the Memorandum to be recorded in the Official Records of Orange County, California at Buyer’s sole cost and expense. In the event that this Agreement is terminated for any reason at any time, the Escrow Holder shall take steps to i...
First Deposit. Within 24 hours of acceptance of this Offer, the sum of Ten Thousand Dollars ($10,000.00) shall be paid to XX Xxxxxxxx Vancouver Ltd., to be held in an interest bearing trust account with interest accruing to the Purchaer. The sum of Ten Dollars ($10.00) shall be non-refundable and shall be consideration for the Vendor not revoking this Offer during the conditional precedent period.
First Deposit. Purchaser has deposited with Seller the sum of One Million One Hundred Thousand and 00/100 ($1,100,000.00) Dollars (“First Deposit”). Seller acknowledges receipt of the First Deposit.
First Deposit. Not later than thirty (30) days after [describe affirmative vote at July 29 commission hearing], Purchaser shall deliver to Escrow Agent, by wire transfer of immediately available funds, a deposit in the amount of One Million and No/100 Dollars ($1,000,000.00) (the “First Deposit”), which shall be held in escrow by Escrow Agent pursuant to the terms and conditions of this Agreement.
First Deposit. Within three (3) business days following the date this Agreement is fully executed by Buyer and Seller, Buyer shall deliver to Escrow Holder, the sum of Fifty Thousand Dollars ($50,000) (the “First Deposit”) as a deposit on account of the Purchase Price. Escrow Holder shall place the First Deposit in an interest-bearing account, with interest accruing for the benefit of and payable to Buyer. The interest accrued on the First Deposit while in escrow shall be deemed part of the First Deposit for purposes of this Agreement. If the conditions set forth in Sections 4.1.1 and 4.1.2 are satisfied (or waived in writing by Buyer) on or before the expiration of the Feasibility Period referred to in Section 4.1.2 below, then the First Deposit shall be released by Escrow Holder to Seller and shall become non-refundable to Buyer (except as otherwise provided in this Agreement). In the event any of the conditions set forth in Section 4.1.1 or Section 4.1.2 are not satisfied (or waived in writing by Buyer) within the time periods prescribed by such Sections, then this Agreement shall be deemed terminated and the First Deposit shall be promptly returned to Buyer.
First Deposit. Within two (2) Business Days after the date of this Agreement, Buyer shall deposit into the Escrow the amount of Seven Hundred Thousand Dollars ($700,000) in cash (“First Deposit”).
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First Deposit. Prior to the execution of this Agreement and pursuant to the terms of a Memorandum of Understanding dated June 3, 1997 between Buyer and Seller, Buyer delivered to the Escrow Agent a deposit of Two Hundred Thousand Dollars ($200,000) (the "FIRST DEPOSIT"). The Memorandum of Understanding governs the payment terms of the First Deposit.
First Deposit. If this Agreement is terminated (1) by the Sellers pursuant to Section 13.1(c), (2) by the Buyers pursuant to Section 13.1(d) or (h), or (3) by any of the parties pursuant to Section 13.1(f) (except with respect to a termination pursuant to Section 13.1(f) as a result of any action taken by DKMS to enjoin or otherwise prohibit the transactions contemplated hereunder), then (x) the Sellers shall return the First Deposit to the Buyers, and (y) except in the event of a termination pursuant to Section 13.1(f), the Sellers shall pay to the Buyers an amount equal to all out-of-pocket expenses and fees incurred by the Buyers, including, without limitation, fees and expenses payable to all legal, accounting, financial and professional advisers, relating to the transactions contemplated by this Agreement not exceeding Two Hundred Fifty Thousand Dollars ($250,000) in the aggregate and excluding any legal, accounting, financial, underwriters’ or other fees paid or payable by the Buyers in connection with the Placing of the Shares and/or the AIM Admission which shall be borne solely by the Buyers.
First Deposit. Not less than five (5) days prior to execution of this ------------- Agreement by the Seller and the Buyer, Buyer has deposited Five Hundred Thousand Dollars ($500,000.00) (the "Deposit") in a mutually agreed-upon interest bearing segregated escrow account (the "Deposit Escrow Account") in the name of Seller. The Deposit and all interest accrued thereon shall be applicable to the Purchase Price and shall be non-refundable unless (a) the Court fails to enter the Sale Order or (b) Seller breaches this Agreement and such breach remains uncured after notice from Buyer and the failure of Seller to cure within thirty (30) from date of Buyer's notice.
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