Initial Earnest Money definition

Initial Earnest Money means the sum of Two Hundred Fifty Thousand Dollars ($250,000), together with any interest earned thereon.
Sample 1Sample 2
Initial Earnest Money means the sum of Five Million and No/100 Dollars ($ 5,000,000 U.S.).
Sample 1
Initial Earnest Money means FOUR HUNDRED THOUSAND and NO/100 DOLLARS ($400,000.00) (together with all interest accrued thereon).
Sample 1

Examples of Initial Earnest Money in a sentence

  • If Buyer approves or is deemed to have approved the Property as set forth in Section 4.2 of this Agreement, Buyer shall deposit an additional amount set forth in the Supplemental Agreement ("ADDITIONAL EARNEST MONEY") with Xxxxxx Agent (the Additional Earnest Money axx xxx Initial Earnest Money are colxxxxxxxly hereinafter referred to as the "DEPOSIT").

  • The additional amount of earnest money [Difference between, 2 % (two percent) of E.M. of the value of quoted amount and Initial Earnest Money Deposited with the Tender] will have to be submitted to the department within 10 working days by the L1 (lowest) bidder only after issuance of L.O.I. through online, failing which the initial E.M. will be forfeited.

  • The Initial Earnest Money Deposit, the Additional Earnest Money Deposit and any other earnest monies paid or required to be paid in connection with this transaction, collectively the “Earnest Money Deposit”, shall be deposited and held in escrow by Escrow Agent until Closing, at which time it will be credited to Buyer, or until this Contract is otherwise terminated.

  • NEFT / RTGS as Initial Earnest Money (balance earnest money, if any, @ 2% of the quoted amount to be paid later).

  • No.Intending bidder who wants to transfer EMD through NEFT / RTGS must read the instruction of the Challan generated from E Procurement site.Bidders are also advised to submit Initial Earnest Money of their bid, at least 03 (three) working days before the bid submission closing date, if payment is made offline through any bank by generating NEFT / RTGS as it requires time for processing of Payment of EMD.


More Definitions of Initial Earnest Money

Initial Earnest Money means the sum of $000,000.00 which is to be deposited in immediately available funds by Buyer with Title Company pursuant to Section 3.
Sample 1
Initial Earnest Money means the sum of Fifteen Thousand and No/100 Dollars ($15,000.00 U.S.) actually paid by Purchaser (or which Purchaser is obligated to pay) to Escrow Agent hereunder, together with all interest which accrues thereon as provided in Section 2.3(c) hereof.
Sample 1
Initial Earnest Money means the sum of Ten Thousand and No/100 Dollars ($10,000.00 U.S.).
Sample 1
Initial Earnest Money means the sum of Twenty-Five Thousand and 00/100 Dollars ($25,000.00) as is more specifically defined in Section 4.
Sample 1
Initial Earnest Money means the sum of Two Hundred Fifty Thousand Dollaxx ($000,000), together with any interest earned thereon.
Sample 1
Initial Earnest Money means the sum of Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00 U.S.), together with all interest which accrues thereon as provided in Section 2.3(d) hereof and in the Escrow Agreement.
Sample 1
Initial Earnest Money means the sum of Ten Million and No/100 Dollars ($10,000,000.00 U.S.).
Sample 1