Closing Extension Deposit definition

Closing Extension Deposit. Shall have the meaning given to it in Section 6.1.

Closing Extension Deposit means the amount of One Hundred Thousand and No/100 Dollars ($100,000.00) held by the Escrow Agent if paid by Buyer in accordance with Section 5.1.

Closing Extension Deposit has the meaning ascribed to such term in Section 10.1.

Examples of Closing Extension Deposit in a sentence

• Failure to provide the Closing Extension Deposit at least ten (10) days before the Closing Date or within three (3) business days of the Government’s approval of an alternate Closing Date, whichever is earlier, will result in a default and forfeiture of any and all funds previously provided to the Government by the Purchaser.

• As used herein, the term “Xxxxxxx Money” shall mean the Initial Deposit and, upon delivery to the Escrow Agent, the Second Deposit, and the Inspection Period Extension Deposits and the Closing Extension Deposit.

• Closing Closing shall take place through an escrow arrangement with the Escrow Agent on the date which is 30 days after the expiration of the Inspection Period, which may be extended for 30 days by the Purchaser depositing the Closing Extension Deposit as set out in the section headed “Consideration” in this announcement.

• The Closing Extension Deposit shall be nonrefundable to Purchaser but shall be credited against the Purchase Price at Closing.

• If Purchaser so elects to extend the Closing pursuant to the Second Extension, Closing Extension Deposit shall be nonrefundable to Purchaser and released by the Escrow Agent to Seller within three (3) business day after receipt.

• Closing Closing shall take place through an escrow arrangement with the Escrow Agent on the date which is 30 days after the expiration of the Inspection Period, which may be extended for 30 days by the Purchaser depositing the Closing Extension Deposit as set out in the section headed “Consideration” in this circular.

• Note: Similar works means manpower deployment for the work of “Providing Manpower Services” or execution of the same on item rate basis / plinth area basis as indicated in scope of work of this tender document.

• To refrain from placing signs of any type in or about the dwelling unit except those specifically approved by the PHA.

• The Closing Extension Deposit shall be applicable to the Purchase Price at Closing and shall not be refundable if the Closing does not occur for a reason other than Seller’s default.

• Closing Closing shall take place through an escrow arrangement with the Title Company on the date which is 45 days after the expiration of the Feasibility Period, which may be extended for 30 days by the Purchaser depositing the Closing Extension Deposit as set out in the section headed “Consideration” in this announcement.