Offer Deposit definition

Offer Deposit means the sum of Five Hundred Thousand and No/100 Dollars ($500,000.00) in cash.
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Offer Deposit. As defined in Section 10.3(b).
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Offer Deposit is an amount posted by Seller in accordance with Section 11.1.
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Examples of Offer Deposit in a sentence

  • PG&E may retain any cash deposit or draw on any Letter of Credit provided as a Shortlist Offer Deposit as security under an executed Agreement in the event that Participant fails to provide additional security and/or agrees to PG&E’s retention of the Shortlist Offer Deposit as collateral in accordance with the terms of the executed Agreement, if applicable.

  • The Shortlist Offer Deposit is intended to secure the obligation of each Participant with respect to this Solicitation Protocol and to negotiate a definitive Agreement, as expressly provided in Section XII, Execution of Agreement, below.

  • NOTE: If the Participant fails to submit the Shortlist Offer Deposit within the required time period, the Participant's Offer may be rejected and removed from the Shortlist.

  • The form of the Shortlist Offer Deposit may be either: (a) a cash deposit, or (b) a Letter of Credit.

  • Seller has agreed that concurrently with the execution of this Agreement, Seller shall provide Buyer with Collateral equal to $15,000 per MW of the Maximum Contract Capacity (“Application Security”) and within 10 Business Days of receipt thereof, Buyer shall return the Initial Offer Deposit.

  • Participants who request changes to the information in their Offer Form after the offer submittal date may be removed from any further participation in the Solicitation and if shortlisted, may forfeit their Shortlist Offer Deposit.

  • In the event that Participant forfeits the Shortlist Offer Deposit, PG&E will be entitled to draw upon the Shortlist Offer Deposit in its entirety as payment for direct and indirect damages incurred in connection with the Participant’s misrepresentation or breach of this Solicitation Protocol.

  • PG&E will continue to hold the Offer Deposit for shortlisted Offers.

  • Purpose of Shortlist Offer Deposit The Shortlist Offer Deposit is intended to secure the obligation of each Participant to enter into definitive Agreements, or negotiate and execute definitive Agreements, as expressly provided in Section XIV, Execution of Agreements, below.

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Related to Offer Deposit

  • Transfer Deposit Amount has the meaning given to it in Section 2.02(b).

  • Tender Offer Date means, in respect of a Tender Offer, the date on which voting Shares in the amount of the applicable percentage threshold are actually purchased or otherwise obtained (as determined by the Calculation Agent).

  • Offer Date means the date on which an Exclusionary Offer is made;

  • Qualifying Deposit means the aggregate balance of all Deposit Accounts in the Bank of (i) an Eligible Account Holder at the close of business on the Eligibility Record Date, provided such aggregate balance is not less than $50 and (ii) a Supplemental Eligible Account Holder at the close of business on the Supplemental Eligibility Record Date, provided such aggregate balance is not less than $50.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Offer Deadline means the exact date and time when no Offer submitted thereafter may be considered or accepted by District.

  • Savings deposit means a form of demand deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the bank during any specified period.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class C( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class C( - ) Adverse Event, the Nominal Liquidation Amount of the Class C( - ) Notes, and (iii) in all other circumstances, zero.

  • Election Deadline shall have the meaning set forth in Section 3.2.3.

  • Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Bidder/Tenderer means the interested Firm/ Company that may provide or provides related goods / services to any of the public/ private sector organization under the contract and have registered for the relevant business thereof.

  • Adjustment Escrow Amount means $1,000,000.

  • Offered Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Real-time Offer means a new offer or an update to a Market Seller’s existing cost-based or market-based offer for a clock hour, submitted for use after the close of the Day-ahead Energy Market.

  • Reassignment Amount means, for a Payment Date, the sum of (a) the Note Balance of the Series 20 - Notes on that Payment Date, plus (b) the Accrued Note Interest for each Class for that Payment Date, plus (c) any other amounts due and payable by the Issuer on that Payment Date for Series 20 - , in each case, after giving effect to any payments to be made on that Payment Date.

  • Open Tenders means the tenders invited in open and public manner and with adequate notice.

  • Indemnity Escrow Amount means $3,000,000.

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.