Interest on the Deposit. Any interest earned on the Deposit shall be credited and delivered to the party receiving the Deposit, provided, however, that if the transaction closes, at Closing any interest earned on the Deposit shall be credited to Purchaser by applying the same against the Purchase Price.
Interest on the Deposit. (a) If this agreement is completed then the parties irrevocably authorise the Vendor’s Solicitors to pay all interest earned on the:
Interest on the Deposit. (1) Interest on the deposit shall be calculated based on the term of deposit and the interest rate determined on the date of deposit (or in case of renewal, the latest renewal date) (the "Contracted Rate"). Interest shall be calculated on a prorated daily basis for 365 days a year (if the term of deposit is not less than two (2) years, 366 days in case of a leap year).
Interest on the Deposit. Any interest earned on the Deposit shall be credited and delivered to Primary Purchaser unless the Deposit is paid to Seller pursuant to Section 9.3, in which case such interest shall be paid to Seller.
Interest on the Deposit. Any Interest which accrues on the balance for the time being standing to the credit of the UK Collection Account shall be credited to the UK Collection Account.
Interest on the Deposit. Any interest earned on the Deposit shall be credited and delivered to the party receiving the Deposit, provided, however, that if the transaction closes, at Closing any interest earned on the Deposit shall be credited to Purchaser by applying the same against the Purchase Price. Such interest shall be reported as the income of Purchaser for tax purposes. Purchaser’s tax ID number is 00-0000000.
Interest on the Deposit. If the Closing under this Agreement occurs, the Escrow Agent shall apply the Deposit and any interest earned thereon against the Purchase Price due Seller at Closing. In the event that this Agreement otherwise terminates, all interest earned on the Xxxxxxx Money shall be paid to the party entitled to receive such Deposit.
Interest on the Deposit. Except as otherwise expressly provided herein, the interest earned on the Deposit (the “Accrued Interest”) shall be divided evenly between the Buyer and Seller at the Closing, or at such other time that the Deposit is paid pursuant to this Agreement, to the party receiving the Deposit. For all tax purposes, the Deposit shall be treated as equally owned by the Buyer and Seller (and their successors), so that all interest or other income earned from the investment of the Deposit before release to the party receiving the Deposit shall be considered for tax purposes to be income in equal parts of the Buyer and Seller (or their successors) and the Escrow Agent shall report such interest or other income consistently therewith.
Interest on the Deposit. Any interest earned on the Deposit while held by Escrow Agent (and prior to release thereof to Seller) shall belong to Purchaser, and Purchaser may withdraw any such interest from time to time and, if not withdrawn by Purchaser, shall be included in the term “Deposit” as used below. If the transaction closes and Purchaser has not withdrawn such interest, then at Closing any interest earned on the Deposit shall be credited to Purchaser by applying the same against the Purchase Price. Notwithstanding anything contained in this Agreement, after release of the Deposit to Seller, Seller shall have no obligation to invest the Deposit and no interest or income earned on such Deposit while held by Seller shall belong to Purchaser or be applied against the Purchase Price.
Interest on the Deposit. Interest on the Deposit is payable to the person entitled to the Deposit in accordance with Clause 3.4.
