Further Deposit definition
Examples of Further Deposit in a sentence
The Hirer must pay any Further Deposit required within the period specified by the City.
TIME SHALL BE OF THE ESSENCE with respect to the payment of the Further Deposit, the payment of the balance of the Winning Bid, the closing on the sale, and all other matters with respect to the Purchase Agreement.
If the Successful Bidder fails to provide the Further Deposit as and when required herein, the Successful Bidder acknowledges and agrees that (i) the Secured Party shall be entitled to liquidated damages in the amount of the required Deposit, (ii) the Secured Party may retain the Good Faith Deposit in partial satisfaction of such liquidated damages, and (iii) the Successful Bidder shall remain liable to the Secured Party for the balance of such liquidated damages.
The Good Faith Deposit and, if deposited with Escrow Agent, the Further Deposit (the Good Faith Deposit and the Further Deposit are individually called, a “Deposit” and are together called, the “Deposits”)) shall be delivered to Escrow Agent at the address provided in Section 3 below or made by wire transfer to Escrow Agent’s account in accordance with the wiring instructions annexed hereto as Exhibit A and made a part hereof.
As a result of such delay, the Acquisition and the CB Subscription may not be able to be completed within the original time schedule and the Issuer has requested the Company to pay the Further Deposit in order to meet the working capital requirement of the Projects.
The Initial Deposit and the Further Deposit shall be applied in partial satisfaction of the aggregate consideration under the Agreement.
The Further Deposit shall be made to the Secured Party in good and collected funds via wire transfer in accordance with the instructions to be provided by the Secured Party.
Notwithstanding the foregoing, in the event that pursuant to the PSA deposit is made of the Further Deposit, one half the sum of the Total Deposits ( as defined in the PSA) shall be disbursed by Escrow Agent to Seller in accordance with the PSA upon Escrow Agent’s receipt of Seller’s written request for such disbursement.
FSA Financial Services Authority Limited Further Deposit Any sum paid by you into the Account subsequent to the Initial Deposit Initial Deposit The first sum paid by you into the Account as a result of which the Account is opened.
Notwithstanding anything to the contrary contained in this Agreement, in no event whatsoever shall Purchaser be liable to Seller for any damages of any kind whatsoever beyond Seller’s right to the release and disbursement to it of the Deposit and (if applicable), the Further Deposit, which right shall survive the expiration or earlier termination of this Agreement.