Closing Deposit definition

Closing Deposit shall have the meaning given to such term in Section 2.2(d) hereof.
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Closing Deposit shall have the meaning specified in Subsection --------------- 5.18.5 hereof.
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Closing Deposit has the meaning ascribed thereto in Section 2.3(a).
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Examples of Closing Deposit in a sentence

  • The Purchase Price less the Initial Deposit ("Closing Deposit"), shall be paid by Buyer to Escrow Agent, in the form of Cash, pursuant to Section 7.1 hereof, and distributed by Escrow Agent to Seller on the Closing in accordance with the provisions of Section 12.1(c) hereof.

  • In the event of any termination pursuant to Section 2.4(d)(i), Section 2.4(d)(ii), Section 2.4(d)(iii) or Section 2.4(d)(v), the Cash Deposit and all investment earnings accrued thereon and the 30-Day Closing Extension Payment or the 60-Day Closing Extension Payment (if previously paid by the Concessionaire) shall be paid to the Concessionaire, and the Closing Deposit shall be returned undrawn to the Concessionaire marked canceled, as applicable.

  • The Proceeds (net of (i) UnderWriter's discount of $13l,187.70, (ii) net original issue discount of $l20,206.05, and (iii) the premium of $165,000 for the issuance of the Bond Insurance Policy which will be Wired by the Underwriter directly to the Bond Insurer) received from the sale of the 2007 Bonds shall be deposited in trust with the Bond Trustee (the "Closing Deposit").

  • The Closing Deposit for the Property pursuant to Section 2.2(c) hereof.

  • Upon receipt of the funds described in the preceding sentences in this Section 2.2(a), the University shall immediately cancel and return the Closing Deposit and the Cash Deposit (unless such Closing Deposit or Cash Deposit is applied against the Closing Consideration by the University in accordance with Section 2.3(c)), in accordance with the Concessionaire’s instructions).

  • For income tax purposes, Seller shall include in its income any interest, dividends and other amounts earned on the Closing Deposit ("Closing Deposit Escrow Earnings") prior to disbursement of the Closing Deposit to Seller.

  • Upon receipt of the Closing Consideration (as adjusted pursuant to the Agreement), the University shall cancel and return the Closing Deposit and Cash Deposit.

  • At such time as the Closing Deposit is fully distributed to Seller pursuant to Section 9.14(a), Seller shall be released from, and have no further liability to, Buyers for any breach of covenant, breach of warranty, liability for indemnity or any other liability under this Agreement except for the Seller's Specifically Retained Liabilities.

  • Except for Seller's Specifically Retained Liabilities (as defined herein), Seller's liability for indemnification under Section 15.1 and for any other liability under this Agreement, whether for breach of contract, breach of warranty, liability for indemnity or any other liability under this Agreement, is limited to the Closing Deposit and otherwise shall be non-recourse to Seller.

  • OF THE PROPERTY 13 5.1 Disposition and Conveyance of the Property 13 5.1.1 Purchase Price 13 5.1.2 Infrastructure Payment 13 5.2 Closing Deposit 13 5.3 Escrow.


More Definitions of Closing Deposit

Closing Deposit shall be as defined in Section 9.14.
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Closing Deposit means a $652,500 non-refundable deposit, which shall by paid by Buyer to Sellers by wire transfer of immediately available funds to a bank account designated in writing by Sellers, if applicable, pursuant to Section 3.1.
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Closing Deposit means Four Hundred Thousand and no/100 Dollars ($400,000) payable in cash, to be delivered by Buyer pursuant to Section 2.02(a)(ii) and held in escrow in accordance with Article II.
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Related to Closing Deposit

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Qualifying Deposit means the aggregate balance of all Deposit Accounts in the Bank of (i) an Eligible Account Holder at the close of business on the Eligibility Record Date, provided such aggregate balance is not less than $50, and (ii) a Supplemental Eligible Account Holder at the close of business on the Supplemental Eligibility Record Date, provided such aggregate balance is not less than $50.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Initial Reserve Account Deposit means $3,000,000.

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • the Deposit means 10% of the Purchase Price;

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.