Option Deposit definition

Option Deposit has the meaning ascribed thereto in Section 13.5.2.
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Option Deposit means the amount of cash deposit required in the Offer Notice or, if no cash deposit is specified in the Offer Notice, a sum equal to five percent (5%) of the purchase price for the Premises set forth in the Offer Notice.
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Option Deposit is defined in Section 29.3.
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Examples of Option Deposit in a sentence

  • Boeing shall be entitled to retain the Option Deposit unless cancellation is attributable to Boeing's fault, in which case the Option Deposit shall also be returned to Buyer without interest.

  • In the event that Buyer does not exercise its option to purchase a particular Option Aircraft pursuant to the terms and conditions set forth herein, Boeing shall be entitled to retain the Option Deposit for such Option Aircraft.

  • If Customer exercises an option, the Option Deposit will be credited against the first advance payment due.

  • If, for any reason, Buyer cancels this Agreement, Seller shall retain the Option Deposit.

  • Buyer understands and acknowledges that the Option Deposit shall not be refunded under any circumstances.

  • In the event Buyer exercises an option herein for an Option Aircraft, the amount of the Option Deposit for such Option Aircraft will be credited against the first advance payment due for such Option Aircraft pursuant to the advance payment schedule set forth in Article 5 of the Agreement.

  • Without limiting the generality of the foregoing, Xxxxx understands and acknowledges that if Buyer defaults under this Agreement, Seller may keep the Option Deposit in addition to all other sums paid by Buyer under this Agreement.

  • If Buyer exercises an option herein for an Option Aircraft, the amount of the Option Deposit for such Option Aircraft will be credited against the first advance payment due for such Option Aircraft pursuant to the advance payment schedule set forth in Article 5 of the Agreement.

  • If Customer does not exercise an option, Boeing will retain the Option Deposit for that Option Aircraft.

  • If Buyer does not exercise its option to purchase a particular Option Aircraft pursuant to the terms and conditions set forth herein, Boeing shall be entitled to retain the Option Deposit for such Option Aircraft.


More Definitions of Option Deposit

Option Deposit means the $100,000 paid by Acquiror to Target on October 21, 1998 to purchase the Cash Option.
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Option Deposit means the $200,000 option fees paid by Capital Growth to Global Capacity in connection with the execution of the Option Agreement, including the initial $100,000 paid upon execution of the July 14, 2006 letter agreement and the additional $100,000 paid upon execution of the amendment thereto. The Option Deposit is fully earned and non-refundable, but shall be applied toward the Cash Consideration due at Closing.
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Option Deposit shall be the amount set forth on Exhibit A-1. The Option Deposit shall be paid by Buyer to Seller on the Closing Date and shall, notwithstanding anything to the contrary, be nonrefundable for any reason, including it being nonrefundable to Buyer even if (x) Buyer elects not to exercise the Option, (y) the Option is revoked (as set forth in Section 5(d)(viii), and/or (z) Seller exercises the Repurchase Right (as set forth in Section 5(d)(ix)). Seller shall prepare an option agreement, which it shall submit to Buyer twenty-five (25) days before the expiration of the Due Diligence Period (the “Option Agreement”). The Option Agreement shall contain the following terms and conditions, which must be approved by Buyer in writing before expiration of Due Diligence and it shall be recorded at Closing:
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Option Deposit means a deposit by Buyer with Bombardier of U.S. Dollars with respect to an Aircraft as to which Bombardier has granted to Buyer an option to purchase;
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Option Deposit. Has the meaning defined in Section 8.1(b); “PES Account(s)” Select purchasers of Products or Branded Technical Services to which ExxonMobil provides PES;
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Option Deposit means any payment of a cash deposit or delivery of a letter of credit in conjunction with a contract committing a seller to deliver title to all or a portion of a land parcel or finished lots, on specified terms.
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Related to Option Deposit

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

  • 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.

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

  • 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.

  • 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.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Sums on deposit means the balance payable on a multiple-party account including interest, dividends, and in addition any deposit life insurance proceeds added to the account by reason of the death of a party.

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

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

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Imposition Deposits are defined in Section 7(a).

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

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • the Deposit means 10% of the Purchase Price;

  • 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.

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

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

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Purchase Amount means the total amount being paid by the Investor on a particular Closing Date to purchase the Securities.

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

  • 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.