Examples of Reservation Deposit in a sentence
The User Fee defined in Schedule I (less the Reservation Deposit) is due and payable within accordance of the payment schedule set forth in Schedule I.
The Buyer acknowledges that, as of the Effective Date or other date established by the Buyer, the Seller has provided the Reservation Deposit to the Buyer.
At that point the Reservation Deposit becomes the Security deposit.
Should the dispute be determined in favour of the Purchaser, then the Purchaser shall be entitled to cancel this Agreement and claim a refund of the Reservation Deposit and other amounts that was paid.
The Reservation Deposit shall be invested by the Transferring Attorney in an interest-bearing account as contemplated in section 86(4) of the Legal Practice Act until the same is paid to the Agent in accordance with the mandate given by the Purchaser to the Transferring Attorney in clause 23 below.