Third Xxxxxxx Money Deposit Sample Clauses

Third Xxxxxxx Money Deposit. On or before January 22, 2025, Xxxxx shall deliver a third xxxxxxx money deposit in the amount of $50,000.00 (“Deposit #3”) to the Closing Agent. Deposit #2 and Deposit #3 shall be applied to the purchase of lots 2 and 3 as provided in Section 5 so long as Closing is accomplished on or before the date set forth in Section 5. In the event Buyer fails to close on the Property in accordance with the provisions of Section 5 of the Agreement, the Closing Agent shall deliver the Additional Deposit to Seller. Deposit #3 for the purchase on Lots 2 & 3 shall be nonrefundable immediately upon payment.
Sample 1
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Third Xxxxxxx Money Deposit. Within one (1) business day after the Entitlement Approval Date, Xxxxxx Homes shall deposit into Escrow the sum of Five Hundred Thousand Dollars ($500,000). The “Entitlement Approval Date” is the date that: (i) Xxxxxx Homes has received any and all (a) approvals, including approval of a General Plan amendment and a Tentative Subdivision Map, from the Town for the redevelopment of the residential subdivision on the District Property, including a parcel map separating the Mirassou A Site from the Mirassou B Site if permitted by the Town, and (b) approvals required by the terms of that certain Declaration of Restriction recorded October 28, 1963 in the official records of Santa Clara County in Book 6249 at page 201 as Document No 2508722 (the “Belwood Declaration”), including without limitation any architectural control committee approvals, all of which above approvals in this subsection (i) do not contain any stipulations or conditions other than those approved in writing by Xxxxxx Homes; and (ii) all referendum, objection and appeal periods with respect to the approvals in (i) above have expired with no objections or appeals or referendums having been filed or served upon Xxxxxx Homes and/or the District, or if any objections or appeals or referendums are so filed and served, then all such objections and appeals and referendums shall have been dismissed with prejudice or rejected, so that such approvals are not subject to further appeal.
Sample 1
Third Xxxxxxx Money Deposit. Within one (1) business day after the Entitlement Approval Date, Xxxxxx Homes shall deposit into Escrow the sum of Five Hundred Thousand Dollars ($500,000). The Entitlement Approval Date is the date that: (i) Xxxxxx has received any and all entitlement approvals, including approval of a Tentative Subdivision Map from the Town of Los Gatos (“Town”) for the redevelopment of the residential subdivision on the District Property, including a parcel map separating the Mirassou A Site from the Mirassou B Site if permitted by the Town; which approvals do not contain any stipulations or conditions other than those approved in writing by Xxxxxx Homes and the District; and (ii) all referendum, objection and appeals periods with respect to the Town’s approvals have expired with no objections or appeals or referendums having been filed or served upon Xxxxxx Homes and/or the District, or if any objections or appeals or referendums are so filed and served, then all such objections and appeals and referendums shall have been dismissed with prejudice or rejected, so that such approvals are not subject to further appeal. The xxxxxxx money deposits set forth in Section 1.4.2, 1.4.3 and 1.4.4 above shall remain in Escrow until the Entitlement Approval Date (defined in Section 1.4.4 above), at which time such xxxxxxx money will be transferred to the Escrow for the Exchange Property as further explained in this Agreement. If the Entitlement Approvals are denied, Xxxxxx Homes shall have the right to terminate the Agreement and receive a refund of the above three xxxxxxx money deposits and any interest accrued thereon, if any.
Sample 1

Related to Third Xxxxxxx Money Deposit

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.”

  • Xxxxxxx Money After acceptance by all Parties, the Buyer agrees to make a payment in the amount of $ as consideration by , 20 at : ☐ AM ☐ PM (“Xxxxxxx Money”). The Xxxxxxx Money shall be applied to the Purchase Price at Closing and subject to the Buyer’s ability to perform under the terms of this Agreement. Any Xxxxxxx Money accepted ☐ is ☐ is not required to be placed in a separate trust or escrow account in accordance with State law.

  • SECURITY DEPOSIT Tenant shall pay to Landlord, upon the execution of this Lease, the Security Deposit set forth in Article 1.13 above as security for the performance by Tenant of its obligations under this Lease, which amount shall be returned to Tenant after the expiration or earlier termination of this Lease, provided that Tenant shall have fully performed all of its obligations contained in this Lease. The Security Deposit, at the election of Landlord, may be retained by Landlord as and for its full damages or may be applied in reduction of any loss and/or damage sustained by Landlord by reason of the occurrence of any breach, nonperformance or default by Tenant under this Lease without the waiver of any other right or remedy available to Landlord at law, in equity or under the terms of this Lease. If any portion of the Security Deposit is so used or applied, Tenant shall, within five(5) days after written notice from Landlord, deposit with Landlord immediately available funds in an amount sufficient to restore the Security Deposit to its original amount, and Tenant's failure to do so shall be a breach of this Lease. Tenant acknowledges and agrees that in the event Tenant shall file a voluntary petition pursuant to the Bankruptcy Code, or if an involuntary petition is filed against Tenant pursuant to the Bankruptcy Code, then Landlord may apply the Security Deposit towards those obligations of Tenant to Landlord which accrued prior to the filing of such petition. Tenant acknowledges further that the Security Deposit may be commingled with Landlord's other funds and that Landlord shall be entitled to retain any interest earnings on the Security Deposit. In the event of termination of Landlord's Interest in this Lease, Landlord shall transfer the Security Deposit to Landlord's successor in interest, and Landlord shall be released from liability by Tenant for the return of such deposit or for an accounting of the Security Deposit.

  • Working Xxxxxxx An employee who is in charge of a crew not more than five men including himself, engaged in line clearance work. (In the application of Article X, the Company need not consider the application for promotion to this classification from any employee having less than one year of experience in the Climber classification.)

  • Payment of Deposit The Buyer must pay the Deposit to the Developer. The Developer agrees to accept the payment of the Deposit in 2 instalments as follows:

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