Upfront Deposit Sample Clauses

Upfront Deposit. “Upfront Deposit” has the meaning specified in Section 3.3.
Sample 1
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Upfront Deposit. In consideration for the respective promises and covenants contained herein Purchaser hereby agrees to pay to Seller the Upfront Deposit at the Closing as contemplated in Section 3.4 in cash against, and as a prepayment of, the Purchase Price. Seller shall provide wire transfer instructions and requisite bank account information to Purchaser at least three (3) Business Days in advance of the Closing Date.
Sample 1
Upfront Deposit. (a) In connection with the respective promises and covenants contained herein, including the Delivery by the Seller to the Purchaser of Refined Copper as contemplated herein, subject to Sections 4.3, 4.4, 4.5 and 4.8, the Purchaser hereby agrees to pay to the Seller the Stage 1 Upfront Deposit in cash against, and as a prepayment of, the Copper Purchase Price, in installments as follows: (i) the initial portion of the Stage 1 Upfront Deposit (the “First Stage 1 Upfront Deposit”) in the amount of $10 million shall be paid by the Purchaser on the Closing Date (but in any event no later than the Closing Date Deadline), subject to the conditions set forth in Section 4.4(a) and 4.4(b); (ii) the balance of the Stage 1 Upfront Deposit in the amount of $55 million shall be paid by the Purchaser in a number of installments, each such installment (other than the final installment) in an amount not less than $10 million and not greater than $15 million requested (each a “Stage 1 Upfront Deposit Installment Request”) by the Seller (each, a “Stage 1 Upfront Deposit Installment”) and shall be paid by the Purchaser on the date (a “Stage 1 Upfront Deposit Installment Funding Date”) that is the thirtieth (30th) day following receipt by the Purchaser of such Stage 1 Upfront Deposit Installment Request from the Seller, or such other date as the parties may agree, and subject to the conditions set forth in Section 4.4(a) and 4.4(c); (iii) notwithstanding Section 4.1(a)(ii) above, to the extent that any portion of the Stage 1 Upfront Deposit remains outstanding following the Commercial Production Date, such outstanding portion shall be paid by the Purchaser on a date to be selected by the Purchaser that is within thirty (30) days’ of receipt of written notice from the Seller of the Commercial Production Date, and subject to the conditions set forth in Section 4.4(a) and 4.4(c), except for the conditions set forth in Section 4.4(c)(i)(3)(D) and 4.4(c)(i)(3)(E). (b) The Seller shall provide wire transfer instructions and requisite bank account information to the Purchaser at least three (3) Business Days in advance of the Closing Date or the Stage 1 Upfront Deposit Installment Funding Date, as applicable.
Sample 1

Related to Upfront Deposit

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Direct Deposit If you have arranged to have a direct deposit made to your account at least once every 60 days from the same source and you do not receive a receipt (such as a pay stub), you can find out whether or not the deposit has been made by calling (000) 000-0000. This does not apply to transactions occurring outside the United States.

  • Additional Deposit For reasons of administration, the right is reserved to require payment by parents of an additional deposit (Additional Deposit), as shown on the fees list for the relevant year, in the case of a pupil whose normal residence is outside the United Kingdom. The Additional Deposit will be retained in the general funds of the School until the Pupil leaves and will be repaid by means of a credit without interest to the final payment of Fees or other sums due to the School on leaving, unless stated otherwise in these terms and conditions. See also clause 9.8.

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • Upfront Fee The Borrower shall pay to the Agent (for the account of each Original Lender) an upfront fee in the amount and at the times agreed in a Fee Letter.

  • 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.” (b) The Xxxxxxx Money Deposit shall be held by Escrow Agent subject to the terms and conditions of an Escrow Agreement dated as of the date of this Contract entered into by Seller, Buyer and Escrow Agent (the “Escrow Agreement”). The Xxxxxxx Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes; provided, however, to the extent that Buyer instructs the Escrow Agent to apply the Xxxxxxx Money Deposit toward the Purchase Price in accordance with Section 2.4, interest shall be deemed to have accrued to the benefit of Buyer and be reportable by Buyer for income tax purposes.

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • Purchase Price; Deposit (a) The purchase price for the Property is AND 00/100 DOLLARS ($ ) (the “Purchase Price”), payable as follows: (i) TEN PERCENT (10%) of the Purchase Price (which is equal to $ ) (the “Initial Deposit”, and together with the Additional Deposit (as hereinafter defined), if any and to the extent delivered by Purchaser, collectively, the “Deposit”) shall, within five (5) business days after the Effective Date, be deposited by Purchaser with the Title Company (as hereinafter defined), as escrow agent (in such capacity, the “Escrow Agent”) by wire transfer of immediately available funds. Failure by Purchaser to timely deliver the Deposit in accordance with this Section 2(a)(i) shall constitute a material default by Purchaser hereunder and Seller shall be entitled to terminate this Agreement by written notice to Purchaser. The Deposit shall be refundable to Purchaser only to the extent expressly set forth in this Agreement. The Deposit shall be held in a non-interest-bearing, federally-insured account by Escrow Agent in accordance with this Agreement pending the consummation of the Settlement (as defined below). At Settlement, the Deposit shall be paid to Seller on account of the Purchase Price and credited to Purchaser. The giving of the Deposit hereunder shall not be considered to be xxxxxxx money. (ii) Subject to the prorations and adjustments set forth in this Agreement, the balance of the Purchase Price shall be paid to Seller at Settlement by wire transfer of immediately available federal funds. (b) If there is a dispute between Seller and Purchaser regarding whether the Deposit shall be returned to Purchaser or delivered to Seller, Escrow Agent shall have no obligation to either Seller or Purchaser with respect to the Deposit except to interplead (invoke a concursus of) the Deposit into an appropriate court of competent jurisdiction. Escrow Agent may act upon any instrument or other writing believed by Escrow Agent in good faith to be genuine and to be signed and presented by the proper person.

  • Up-Front Fee The Borrowers shall pay to the Agent an up-front fee in the amount and at the times agreed in a Fee Letter.

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