Deposit Monies definition

Deposit Monies means the initial cash sum of €[ • ] to be paid or transferred by the Depositor into the Account pursuant to Clause 3.1 together with all other cash sums paid or transferred into the Account pursuant to Clause 3.2;
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Deposit Monies means at any time the aggregate of all cash sums paid or transferred by the Depositor into the Account pursuant to Clause 3.1 and which have not been repaid to the Depositor at or prior to such time;
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Deposit Monies means the monies referenced in Section 2.05 of this Lease.
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Examples of Deposit Monies in a sentence

  • If such aggregate total of the actual or reasonably anticipated Holiday Inn Costs exceeds or is reasonably expected by Purchaser to exceed $1,500,000.00, then Purchaser may, in its sole discretion, elect to terminate this Agreement by written notice to Seller prior to Closing, in which event all Deposit Monies, together with any interest thereon, shall be immediately returned to Purchaser, and thereupon neither party shall have any obligation to the other hereunder.

  • Seller also acknowledges and agrees that Escrow Holder serving as escrow holder shall in no manner whatsoever disqualify or be cause for disqualification of Escrow Holder with respect to the current or future representation of Purchaser arising out of or involving any matter or issue relating to the Deposit Monies or this Agreement or otherwise; it being hereby understood and agreed that Purchaser will continue to be represented by Escrow Holder in connection with the foregoing matters.

  • Seller and Purchaser agree that Escrow Holder is acting as a stakeholder only for the convenience and at the request of Purchaser and Seller, and Escrow Holder shall be responsible only for the safekeeping and proper disposition of the Deposit Monies in accordance with the terms of this Agreement.

  • A copy of the Check-In/Out Form was given to Tenant on signing this Agreement A copy of the Notice Regarding Security Deposit Monies was given to Tenant on signing this Agreement.

  • Therefore, Seller's damages on Purchaser's default shall in all events be limited to Seller's retention of the Deposit Monies, which are agreed to be Seller's liquidated damages hereunder.

  • The Deposit Monies shall be held in escrow pending Closing hereunder.

  • All of the Deposit Monies, plus interest thereon, shall also be returned to Purchaser if this Agreement is terminated because of a casualty under Section 6.3(a) hereof, or a taking under Section 6.4 hereof.

  • Unless otherwise specified on the applicable Order Form, all fees shall be due and payable in advance, within thirty (30) days of the date of your receipt of Orkestra’s invoice.

  • Notwithstanding the foregoing, if the cost of such remediation exceeds or is reasonably expected (based on written quotations from contractor(s) mutually acceptable to Seller and Purchaser) to cost Seller more than $100,000, Seller may terminate this Agreement by written notice to Purchaser, at which point all Deposit Monies shall be returned to Purchaser, with interest, and neither party shall have any further rights or obligations hereunder.

  • Upon the event of Closing, all Deposit Monies shall be applied toward the Purchase Price.


More Definitions of Deposit Monies

Deposit Monies has the meaning set forth in Section 2.2(c);
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Related to Deposit Monies

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

  • Deposit means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Concentration Account has the meaning provided in Section 6.13(c).