Second Deposit. Not Applicable
Second Deposit. Twenty-Five Thousand and 00/100 Dollars ($25,000.00) (the "Second Deposit") which Purchaser shall deposit with Escrow Agent on the expiration date of the Site Analysis Period (as hereinafter defined), if Purchaser elects to proceed with this transaction, as more fully provided in Paragraph 5.03 below (the Initial Deposit and the Second Deposit are hereinafter collectively referred to as the "Deposit"). The term "Deposit" shall be deemed to include all interest accruing on the Deposit during the term of this Agreement.
Second Deposit. In the event Buyer timely delivers to Seller Buyer’s Election Not to Terminate pursuant to Section 4.3 hereof, within two (2) Business Days after the date of delivery to Seller of Buyer’s Election Not to Terminate pursuant to Section 4.3 hereof, Buyer shall deposit with Escrow Holder, in the form of Cash, an additional deposit in the amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (the “Second Deposit”). Buyer may direct Escrow Agent to invest the Second Deposit in one or more interest bearing accounts with a federally insured state or national bank located in California, designated by Buyer and approved by Escrow Agent. Subject to the applicable termination and default provisions contained in this Agreement: (x) the Second Deposit shall remain in Escrow prior to the Closing; (y) upon the Closing, the Second Deposit shall be applied as a credit towards the payment of the Purchase Price; and (z) all interest that accrues on the Second Deposit while in Escrow Agent’s control shall belong to Buyer. The Initial Deposit and Second Deposit are collectively referred to herein as the “Deposit.” All references in this Agreement to the “Deposit” shall mean the Deposit any and all interest that accrues thereon while in Escrow Agent’s control.
Second Deposit. On or prior to the delivery of any Used Aircraft, the Lessee shall provide the Lessor [*****] in an amount equal to [*****].
Second Deposit. Not later than 5:00 p.m. on the third (3rd) business day following the day that Buyer receives a fully executed counterpart of this Agreement from Seller, Buyer shall deposit with Escrow Holder an additional Seventy Thousand and no/100ths Dollars ($70,000) in immediately available funds (the "Second Deposit"). The Initial Deposit and Second Deposit are collectively hereinafter referred to as the "Deposit".
Second Deposit. If this Agreement has not been previously terminated, then on or before the expiration of the Due Diligence Period, Buyer shall deposit or cause to be deposited with Escrow Holder, in Immediately Available Funds, the additional sum of Two Hundred Twenty-Five Thousand and 00/100 Dollars ($225,000.00) (the “Second Deposit”). Upon the expiration of the Due Diligence Period, and provided that Xxxxx has not terminated this Agreement and Seller has delivered the Memorandum to Escrow Holder, the First Deposit and the Second Deposit shall (a) become non-refundable except upon Seller’s default or as otherwise provided herein, and (b) be credited toward the payment of the Purchase Price at the Close of Escrow (as defined below). In the event this Agreement terminates as a result of a default by Seller, the First Deposit and the Second Deposit, and any interest thereon, shall be immediately released to Buyer by Escrow Holder. Notwithstanding the foregoing, the First Deposit and the Second Deposit and any interest thereon shall be returned to Buyer if this Agreement is terminated pursuant to Section 13, or if the Close of Escrow does not occur as a result of the failure of a condition as provided in Section 7.2. The First Deposit and Second Deposit are sometimes referred to herein individually as a “Deposit” and collectively as the “Deposits.”
Second Deposit. Within one (1) day following the Approval Date (as defined herein) Buyer shall deposit into Escrow the sum of One Hundred Fifty Thousand Dollars ($150,000.00) ("Second Deposit"). At Close of Escrow the Second Deposit shall be applicable to the Purchase Price. The Initial Deposit and the Second Deposit together with interest thereon, are sometimes collectively referred to herein as the "Deposit".
Second Deposit. The amount of the Second Deposit to be delivered to Escrow Agent on or before the Termination Date is amended to be $230,000.00, which shall become part of the Deposit. The Purchaser understands and agrees that the Deposit in its entirety shall be non-refundable to Purchaser after the Termination Date.
Second Deposit. Provided Buyer has not delivered the Termination Notice (as defined below) prior to the expiration of the Inspection Period and subject to Section 5.2, the Buyer shall (prior to the expiration of the Inspection Period) deliver to the Escrow Agent a second deposit in the amount of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) (the “Second Deposit”).
Second Deposit. Within five (5) business days following the execution of this Escrow Agreement, Escrow Agent shall receive a second deposit in the amount of One Million Seven Hundred Seventy-Five Thousand and No/100 Dollars ($1,775,000) (the “Second Deposit”) and together with the Initial Deposit, the total amount held by Escrow Agent in connection with the acquisition of the Hotel shall be Three Million Five Hundred Fifty Thousand and No/100 Dollars ($3,550,000) and such amounts, together with all accrued interest thereon, shall hereafter be defined as the “Xxxxxxx Money Deposit.” 4.
