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.

Option Deposit is defined in Section 29.3.

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.
If Customer exercises an option, the Option Deposit will be credited against the first advance payment due.
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, 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.
Without limiting the generality of the foregoing, ▇▇▇▇▇ 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.
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.
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.
If Customer does not exercise an option, Boeing will retain the Option Deposit for that Option Aircraft.

More Definitions of Option Deposit

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;

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.

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.

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:

Option Deposit means the $100,000 paid by Acquiror to Target on October 21, 1998 to purchase the Cash Option.

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;