Deposited Funds definition

Deposited Funds has the meaning ascribed thereto in Section 5.03 hereof.

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Deposited Funds means all funds on deposit in the Collection Account.

Deposited Funds has the meaning specified in Section 6.02 of the Security Agreement.

Examples of Deposited Funds in a sentence

• For each Condemned Parcel with respect to which the Parcel Owner accepts the Agency’s Parcel Value stated in, and accepts the Deposited Funds deposited with, the Statement of Compensation, the security will be discharged and released by the City and the Agency after the Parcel Owner’s acceptance of the Deposited Funds is filed with the Clerk of the Court.

• With respect to any Condemned Parcel where the Parcel Owner does not accept the Agency’s Parcel Value and files a timely proceeding or appeal, the security will continue to be held until such time as either the Parcel Owner agrees to a settlement or the court makes a final award and, in either case, the Redeveloper pays the amount, if any, by which the Settlement Amount or the Excess Award exceeds the amount of the Deposited Funds deposited with the Statement of Compensation.

• For each Condemned Parcel with respect to which the Parcel Owner accepts the Agency’s Parcel Value stated in, and accepts the Deposited Funds deposited with, the Statement of Compensation, the security will be discharged and released by the City and the Agency to the Redeveloper after the Parcel Owner’s acceptance of the Deposited Funds is filed with the Clerk of the Court.

More Definitions of Deposited Funds

Deposited Funds. At any time, all principal collections on deposit in or otherwise to the credit of the Collection Account.

Deposited Funds shall have the meaning set forth in Section 4.6. ---------------

Deposited Funds. Any and all sums deposited with Mortgagee pursuant to Section 5.5 hereof for payment of Impositions and insurance premiums.

Deposited Funds means all funds at any time and from time to time on deposit in or otherwise to the credit of the Collection Account.

Deposited Funds. On any day, all Principal Collections on deposit in or otherwise to the credit of the Collection Account at the close of business on the previous Business Day.

Deposited Funds means the amount of Two Hundred Thousand Dollars ($200,000), which represents the amount of the funds to be deposited by Buyer with the Escrow Agent pursuant to Section 1.2(b) of the Purchase Agreement and Section 3 of this Escrow Agreement.

Deposited Funds means amounts in the Collateral Account in the form of cash.