Examples of Computed Interest in a sentence
If Closing does not occur, Seller shall on the earlier of (i) November 3, 2010 or (ii) within three (3) Business Days after termination of this Agreement, refund the Performance Deposit together with Computed Interest thereon through the end of the Day immediately preceding the date of such refund to Buyer unless Closing did not occur because of Buyer’s material breach of this Agreement or Buyer’s failure or refusal to Close that is not permitted by the terms of this Agreement.
In the event of Closing, the Purchase Price shall be credited by the amount of the Deposit (plus Computed Interest in the amount of Six Thousand, Seven Hundred Eighty-One and No/100 Dollars ($6,781.00) per Day on the Deposit from the date of receipt by Seller until Closing, unless Closing occurs after December 15, 1997, in which event no Computed Interest will be credited to the Deposit).
Membership: • Chair, Director of Human Resources;• Title IX Coordinator;• Director of Housing;• Director of Student Conduct;• Chief of Police; and• Faculty member elected by the faculty.
If Closing does not occur, the Deposit (plus Computed Interest on the Deposit from the date of receipt by Seller until termination) will be refunded to Buyer within five (5) Days of such termination, unless Closing failed to occur as a result of Buyer's breach of this Agreement (including without limitation Buyer's failure to comply with Article 15.1) in which case the provisions of Article 18.2 shall apply.
If this Agreement is terminated in accordance with Article 18.1, such termination shall be without liability to any party, except return of the Deposit (plus Computed Interest if applicable on the Deposit from the date of receipt by Seller until termination of this Agreement) and performance of the obligations provided in Articles 18.3, 18.4, 18.5, 19.1, 20.3, 20.11, 20.13, 20.14, 20.15 and 20.17 (which provisions shall survive termination of this Agreement).