Requirements for Deposits Clause Samples
The 'Requirements for Deposits' clause sets out the conditions under which a party must provide a deposit as part of a contractual agreement. Typically, it specifies the amount, timing, and acceptable forms of the deposit, as well as any procedures for holding or returning the funds. For example, it may require a buyer to pay a percentage of the purchase price upfront, to be held in escrow until certain conditions are met. This clause ensures that both parties are clear on the financial commitments involved and helps secure performance by providing a financial stake in the agreement.
Requirements for Deposits. The Sponsor shall accept delivery of the Digital Assets and/or cash by such means as the Sponsor in its sole discretion, from time to time, may determine to be acceptable for the Trust on behalf of a Series.
Requirements for Deposits. The Sponsor shall accept delivery of Bitcoin, other Digital Assets and/or cash by such means as the Sponsor in its sole discretion, from time to time, may determine to be acceptable for the Trust on behalf of a Series.
Requirements for Deposits. The Sponsor shall accept delivery of Solana, other Digital Assets and/or cash by such means as the Sponsor in its sole discretion, from time to time, may determine to be acceptable for the Trust on behalf of a Series.
Requirements for Deposits. The Sponsor shall accept delivery of XRP, other Digital Assets and/or cash by such means as the Sponsor in its sole discretion, from time to time, may determine to be acceptable for the Trust on behalf of a Series.
Requirements for Deposits. All deposits into the Trust Account (other than Returned XL Preferred Securities, if any, deposited pursuant to Sections 3.6 and Section 6.1 hereof) shall be in U.S. dollars and shall be made by wire transfer of immediately available funds to such account as may be specified by the Trustee in writing from time to time. Any deposit of Returned XL Preferred Securities by the Grantor shall be made by delivering to the Trustee certificates evidencing such Returned XL Preferred Securities in negotiable and proper deliverable form or accompanied by a duly executed stock power, in blank, bearing the signature of the transferor.
Requirements for Deposits. Purchaser may make the Deposit in cash, certified funds or cashier’s check payable to the Escrow Holder or by wire transfer of immediately available funds (collectively, “Immediately Available Funds”). The Escrow Holder shall hold the Deposit in Escrow in an interest-bearing account or other investment as may be approved by Purchaser and all interest, earnings and accumulations thereon will be added to the Deposit. Seller’s wire transfer instructions are set forth on Schedule 4 attached hereto.
Requirements for Deposits. The Sponsor shall accept delivery of Ethereum, other Digital Assets and/or cash by such means as the Sponsor in its sole discretion, from time to time, may determine to be acceptable for the Trust on behalf of a Series.