Xxxxxxx Money/Trust Money Sample Clauses

Xxxxxxx Money/Trust Money. Buyer has paid or will pay within days after the Binding Agreement Date to 154 (name of Xxxxxx) (“Holder”) located at 155 (address of Holder), a Xxxxxxx 156 Money/Trust Money deposit of $ by check (OR 157 ) (“Xxxxxxx Money/Trust Money”). 158 A. Failure to Receive Xxxxxxx Money/Trust Money. In the event Xxxxxxx Money/Trust Money (if applicable) is not 159 timely received by Holder or Xxxxxxx Money/Trust Money check or other instrument is not honored for any reason by 160 the bank upon which it is drawn, Holder shall promptly notify Buyer and Seller of the Buyer’s failure to deposit the 161 agreed upon Xxxxxxx Money/Trust Money. Buyer shall then have one (1) day to deliver Xxxxxxx Money/Trust Money 162 in immediately available funds to Holder. In the event Buyer does not deliver such funds, Buyer is in default and 163 Seller shall have the right to terminate this Agreement by delivering to Buyer or Xxxxx’s representative written notice 164 via the Notification form or equivalent written notice. In the event Buyer delivers the Xxxxxxx Money/Trust Money in 165 immediately available funds to Holder before Seller elects to terminate, Seller shall be deemed to have waived his 166 right to terminate, and the Agreement shall remain in full force and effect. 167 B. Handling of Xxxxxxx Money/Trust Money upon Receipt by Xxxxxx. Xxxxxxx Money/Trust Money (if applicable) is 168 to be deposited promptly after the Binding Agreement Date or the agreed upon delivery date in this Xxxxxxx 169 Money/Trust Money section or as specified in the Special Stipulations section contained herein. Holder shall disburse 170 Xxxxxxx Money/Trust Money only as follows: 171 (a) at Closing to be applied as a credit toward Xxxxx’s Purchase Price; 172 (b) upon a written agreement signed by all parties having an interest in the funds; 173 (c) upon order of a court or arbitrator having jurisdiction over any dispute involving the Xxxxxxx 174 Money/Trust Money; 175 (d) upon a reasonable interpretation of the Agreement; or 176 (e) upon the filing of an interpleader action with payment to be made to the clerk of the court having 177 jurisdiction over the matter. 178 Holder shall be reimbursed for, and may deduct from any funds interpleaded, its costs and expenses, including 179 reasonable attorney’s fees. The prevailing party in the interpleader action shall be entitled to collect from the other 180 party the costs and expenses reimbursed to Holder. No party shall seek damages from Holder (nor shall ...

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Xxxxxxx Money/Trust Money. Xxxxxx is authorized to accept from Buyer a deposit as xxxxxxx money/trust 284 money to be applied to the purchase price for the Property. Such deposit is to be held by Xxxxxx in an escrow or trustee 285 account or forwarded to party authorized to hold said funds as set forth in an executed contract for the purchase, lease, 286 exchange, or option agreement until disbursed in accordance with the terms of said agreement.

Xxxxxxx Money/Trust Money. Broker is authorized to accept from Buyer a deposit as xxxxxxx money/trust 277 money to be applied to the purchase price for the Property. Such deposit is to be held by Broker in an escrow or trustee 278 account or forwarded to party authorized to hold said funds as set forth in an executed contract for the purchase, lease, 279 exchange, or option agreement until disbursed in accordance with the terms of said agreement.

Xxxxxxx Money/Trust Money. Firm is authorized to accept from buyer a deposit as Xxxxxxx Money/Trust Money to be applied to the purchase price for the Property. Such deposit is to be held by closing attorney in an escrow or trustee account or forwarded to party authorized to hold said funds as set forth in an executed contract for the purchase, lease, exchange, or option agreement until disbursed in accordance with the terms of said agreement.

Xxxxxxx Money/Trust Money. Buyer has paid or will pay within days after the Binding Agreement Date to 155 (name of Xxxxxx) (“Holder”) located at 156 (address of Holder), a Xxxxxxx 157 Money/Trust Money deposit of $ by check (OR 158 ) (“Xxxxxxx Money/Trust Money”).

Related to Xxxxxxx Money/Trust Money

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.
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 (Security Deposit) 5.1 While submitting commercial bid, the BIDDER shall deposit an amount………. (to be specified in RFP) as Xxxxxxx Money/Security Deposit, with the BUYER through any of the following instruments:
Xxxxxxxx Custodians The Custodian of your IRA must be a bank, savings and loan association, credit union, or a person or entity approved by the Secretary of the Treasury.
Xxxxxxx Money Dispute Notwithstanding any termination of this Agreement, the Parties agree that in the event of any controversy regarding the release of the Xxxxxxx Money that the matter shall be submitted to mediation as provided in Section XXIII.
Payment of Monies Any other monies payable under this Agreement, unless otherwise specified in this Agreement, shall be paid by wire transfer.
Client Money We are not authorised to handle client money; any payments received from you or which need to be refunded to you, will be held by Coversure Insurance Services Limited. Client money is money that is received and held on behalf of our clients during the course of our dealings such as premium payments, premium refunds and claim payments. This money will be held either as agent of the insurer or agent of the client, determined by the agreement in place with each insurer. Where money is held as agent of the insurer, this means that when your cleared premium funds are received, the premium is deemed to have been paid to the insurer. The FCA require that all client monies, including yours, are held in a trust account, the purpose of which is to protect you in the event of our financial failure since, in such circumstances, our general creditors would not be able to make claims on client money as it will not form part of our assets. Coversure Insurance Services Limited hold all client monies with one or more approved banks, as defined by the FCA, in a Non-Statutory Trust bank account in accordance with the FCA client money rules. Under these arrangements, Coversure Insurance Services Limited assume responsibility for such monies and are permitted to, and may: • Use such monies received on behalf of one customer to pay another customer’s premium, before the premium is received from that other customer. However, we are not entitled to pay ourselves commissions before we receive the relevant premium from the customer; • For the purpose of effecting a transaction on your behalf, pass your money to another intermediary, including those resident outside the UK who would therefore be subject to different legal and regulatory regimes. In the event of a failure of the intermediary, this money may be treated in a different manner from that which would apply if the money were held by an intermediary in the UK. Please inform us if you do not agree to this. • Retain for our own use, any interest earned on client money. Unless we receive your written instruction to the contrary, we shall treat receipt of payment from you and of any claim payment and/or refund of premium which falls due to you, as being with your informed consent to the payment of those moneys into our Non-Statutory Trust bank account.
Direction to Escrow Agent The Issuer and the Securityholders direct the Escrow Agent to hold the escrow securities in escrow until they are released from escrow under this Agreement.
Sufficiency of Moneys The Recipient has sufficient moneys in addition to those granted to Recipient pursuant to Section II of this Agreement to fund the Project to completion;
Hold the Escrow Money Hold any Escrow Money until the Parties mutually agree to its disbursement or until a court of competent jurisdiction or arbitrator determines the rights of the Parties; or