Developer Deposit definition

Developer Deposit means the $2,500,000 good faith deposit to be provided by Developer pursuant to Section 2.2, to be released to County and either credited against the Purchase Price at the Closing or refunded in full or in part to Developer as provided in Section 5.3 in the event of termination of this Agreement prior to Closing.
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Developer Deposit means the payment made by Developer as specified in Section
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Developer Deposit means Five Hundred Dollars ($500.00), or the purchase price of the Property, as further described in Article 4.
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Examples of Developer Deposit in a sentence

  • The Developer Deposit includes the amount of One Hundred Dollars ($100.00) as independent consideration for County’s performance under this Agreement (the “Independent Consideration”), which shall be retained by County in all instances.

  • Escrow Agent shall immediately thereafter transfer the Developer Deposit to County in accordance with wiring instructions provided by County to Escrow Agent.

  • Simple interest on the Developer Refund shall accrue at the prime rate in effect on the date the Developer Deposit was delivered into Escrow, as published in the Wall Street Journal, until the Developer Refund is repaid in full.

  • In connection with the Closing, Developer shall have delivered through Escrow the Purchase Price, less the Developer Deposit (minus the Independent Consideration), and such other funds, including Escrow costs, recording fees and other Closing costs, as are necessary to comply with Developer’s obligations under this Agreement.

  • Neither Party shall have the right to recover any actual, consequential, special or punitive damages in the event of a Default by the other Party; the foregoing notwithstanding, in the event of a County Default related to failure to repay the Developer Deposit or Developer Refund as provided by Section 5.3 below, Developer shall be entitled to recover actual damages in an amount not to exceed the Developer Deposit or Developer Refund, as applicable, that remains outstanding.

  • Developer Deposit balances/usage is only available from within CityView, not from within Pentamation.

  • Upon receipt, the County may use the Developer Deposit for any purpose that is in furtherance of the Project, as reasonably determined by County, including paying expenses of master planning County’s government building complex and negotiating and drafting of agreements with City of Santa Rosa related to the Project.

  • Docket No. EO08070471 - In the Matter of the Edison Innovation Commission on Science and Technology Clean Energy Fund Solicitation - Award Recommendation.F. Docket No. EO09050400 - In the Matter of the New Jersey Green Jobs Training Grant Solicitation - Consideration of Evaluation Committee Recommendation.

  • If for any reason the Welcome Center should no longer be funded or desired in the future, the HMD Developer Deposit Fund may be used to cover the cost of removal.

  • Projects that include public infrastructure shall be required to provide a Construction Management Developer Deposit to cover any of the following applicable public infrastructure inspection costs: as-built and easement preparation and inspection services for roadway, water system, sanitary system, storm system and all associated apparatus.Regulations regarding the construction management developer deposit are set forth in Municipal Code Chapter 275, Developer Deposit Fees, §275-20.C(2).


More Definitions of Developer Deposit

Developer Deposit means Ten Thousand Dollar ($10,000) advanced by Developer to the Authority, such deposit to be delivered directly to the Authority within fifteen (15) days of the Effective Date. The Developer Deposit shall be nonrefundable except as set forth in Section 301.2, in which event the deposit is subject to refunding. The Developer Deposit shall be applied to the applicable Base Purchase Price of the first Phase.
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Developer Deposit shall have the meaning set forth in Section 3.8 of this Agreement.
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Developer Deposit means the sum of Developer First Deposit and Developer Second Deposit in the total amount of Three Million Five Hundred Thousand Dollars ($3,500,000). the Developer Deposit shall be nonrefundable but applicable toward payment of the Base Purchase Price as more fully set forth in Section 301.2 of this Agreement.
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Developer Deposit means the Developer Initial Deposit and the Developer Final Deposit.
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Related to Developer Deposit

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

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

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.