Performance Deposit definition

Performance Deposit shall be as defined in Section 3.2.

Performance Deposit has the meaning set forth in Section 2.4.

Performance Deposit means the deposits referred to in Section 6.8;

Examples of Performance Deposit in a sentence

Buyer has sufficient cash (in United States Dollars) to enable Buyer to (a) fund the Performance Deposit on the Execution Date, (b) pay the Purchase Price (minus the Performance Deposit) on the Closing Date to or on behalf of Seller, and (c) pay and perform all other obligations of Buyer hereunder and the other agreements delivered hereunder by Buyer.
Seller and Bxxxx each acknowledge and agree that (x) Seller’s actual damages upon the event of such a termination are difficult to ascertain with any certainty, (y) the Performance Deposit is a fair and reasonable estimate by the Parties of such aggregate actual damages of Seller and (z) such liquidated damages do not constitute a penalty.
If this Agreement is terminated without a Closing, then the Parties shall jointly instruct the Escrow Agent to distribute the Performance Deposit to Buyer or Seller as provided in Section 8.2. In the event that Closing occurs, on the Closing Date the entirety of the Performance Deposit shall be applied toward Buyer’s obligation to pay the Purchase Price in accordance with Section 2.2.

Performance Deposit has the meaning set forth in Section 3.1(b).

Performance Deposit means the security referred to in section 17.05;

Performance Deposit means cash, money order, check, or surety bond in the amount set forth in CVMC 8.25.095(B)(3).

Performance Deposit shall be as defined in Section 2.2.

Performance Deposit has the meaning set forth in Recital E.

Performance Deposit has the meaning set out in Section 3.1(b) of this Agreement.

Performance Deposit has the meaning given it in Article 2.3.