Purchase Deposit definition

Purchase Deposit means a deposit in an amount equal to five percent (5%) of the Administrative Member’s Price payable by the Administrative Member in the event BREA accepts the Purchase Offer in accordance with Sections 10.1A(2), 10.1B(2) or 10.1C(2), as applicable.

Purchase Deposit. A sum of U.S. One Hundred Thousand Dollars ($100,000) advanced by Beneficiary to Seller to secure the purchase of the Aircraft.

Purchase Deposit means the sum of One Million dollars ($1,000,000), which has been transferred to the Escrow Agent by or on behalf of Buyer, and will be transferred by the Escrow Agent to Seller upon execution of this Agreement, in accordance with the written direction of Seller and Buyer to the Escrow Agent and with the terms of this Agreement.

Examples of Purchase Deposit in a sentence

Upon the closing of the sale on the Purchase Date, the Purchase Deposit and the Additional Deposit, if applicable, shall be a credit against the Administrative Member’s Price.
At such closing conference, the Company shall be authorized and directed to retain the Purchase Deposit and the Additional Deposit, if applicable, and any interest accrued thereon as a portion of the Administrative Member’s Price, and the remaining portion of the Administrative Member’s Price shall be paid in immediately available funds.
Bidder/Registration Deposit AND Purchase Deposit are considered liquidated damages if the winning bidder breaches, defaults, or withdraws after remittance of purchase deposit.
If Buyer fails to increase the Initial Purchase Deposit as required in section 4.b, below and the failure is not associated with Buyer’s notice that it does not wish to complete the purchase as described in Section 4.b, then City shall be entitled to retain $5,000 to cover the costs associated with processing this agreement and the pursuing completion of this transaction (“City Costs”).
Within three (3) days of written acceptance of the offer by the person conducting the sale, Seller will deposit or will provide the nonrefundable $20,000 Purchase Deposit to the escrow holder for deposit.

Purchase Deposit shall have the meaning set forth in Section 3.3.

Purchase Deposit has the meaning provided in Section 1.5(a) of the Agreement.

Purchase Deposit means the sum of Fifty Thousand Dollars ($50,000) to be deposited with the Title Company into the Escrow Account, together with all interest earned thereon, if any, pursuant to Section 2.7(a).

Purchase Deposit shall have the meaning set forth in Section 1.6(c) hereof.

Purchase Deposit is defined in Section 23.2

Purchase Deposit means the sum of $1,000,000 which was ---------------- deposited by Purchaser with its bankruptcy counsel, Xxxxx Xxxxxxx Xxxxx, A Law Corporation.

Purchase Deposit as defined in the Purchase Option Agreement.