Common use of HOLDING DEPOSIT Clause in Contracts

HOLDING DEPOSIT. 12.1 The Seller acknowledges that a holding deposit in the sum of was received on 20 . 12.2 The Buyer agrees that the balance of the Purchase price in the sum of must be paid by 20 _. 12.3 The Parties agree that the Holding Deposit is non-refundable. They further agree that should the balance of the Purchase price not be paid by the date as in 12.2 above, the Buyer will have no further claims to the vehicle described in 2. and the Seller is relieved of all obligations in respect of this agreement.

Appears in 3 contracts

Samples: Car Sales Agreement, Car Sales Agreement, Car Sales Agreement

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HOLDING DEPOSIT. (IF APPLICABLE) 12.1 The Seller acknowledges that a holding deposit in the sum of was received on 20 . 12.2 The Buyer agrees that the balance of the Purchase price in the sum of must be paid by 20 _. 12.3 The Parties agree that the Holding Deposit is non-refundable. They further agree that should the balance of the Purchase price not be paid by the date as in 12.2 above, the Buyer will have no further claims to the vehicle described in 2. and the Seller is relieved of all obligations in respect of this agreement.. Signed at

Appears in 1 contract

Samples: Vehicle Sale Agreement

HOLDING DEPOSIT. 12.1 1.1 The Seller acknowledges that a holding deposit in the sum of was received on 20 . 12.2 1.2 The Buyer agrees that the balance of the Purchase price in the sum of must be paid by 20 _. 12.3 The Parties agree that the Holding Deposit is non-refundable. They further agree that should the balance of the Purchase price not be paid by the date as in 12.2 above, the Buyer will have no further claims to the vehicle described in 2. and the Seller is relieved of all obligations in respect of this agreement.

Appears in 1 contract

Samples: Automobile Bill of Sale

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HOLDING DEPOSIT. 12.1 The Seller acknowledges that a holding deposit in the sum of was received on 20 . 12.2 The Buyer agrees that the balance of the Purchase price in the sum of must be paid by 20 _. 12.3 The Parties agree that the Holding Deposit is non-refundable. They further agree that should the balance of the Purchase price not be paid by the date as in 12.2 above, the Buyer will have no further claims to the vehicle described in 2. and the Seller is relieved of all obligations in respect of this agreement.

Appears in 1 contract

Samples: Automobile Bill of Sale

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