Examples of Second Additional Deposit in a sentence
In the event that Buyer exercises its right under Section 1.06 hereof to extend the Termination Date (as defined in Section 1.06 hereof) by paying a Second Additional Deposit (as defined in Section 1.06 hereof) into escrow, such Second Additional Deposit shall become part of the Deposit to be held in escrow in accordance with the terms of this Section 1.
From and after the date of deposit, the Second Additional Deposit will be part of the Exxxxxx Money for all purposes of this Agreement.
Except as otherwise set forth herein, the Second Additional Deposit of Xxxxxxx Money shall be non-refundable.
Purchaser’s failure to pay the Second Additional Deposit when due shall cause this Agreement to terminate and the Initial Deposit and First Additional Deposit shall be retained by Seller as liquidated damages, which the parties agree is fair and reasonable because actual damages are difficult to determine.
Upon delivery of any of the Xxxxxxx Money, First Additional Deposit and/or Second Additional Deposit, to Seller or Seller’s Construction Lender, Seller shall have the right to use the full amount delivered for purposes related to the construction of the Resort and the Project, as needed based on construction draw requests submitted to Seller’s Construction Lender, and no interest will accrue thereon for the benefit of Purchaser.
The ePA (2010a) estimated that $63.6 billion was needed for combined sewer overflow and $42.3 billion was needed for urban storm water management.
Provided this Agreement has not been previously terminated in accordance with its terms, the Exxxxxx Money shall become nonrefundable on the date that Buyer makes the Second Additional Deposit, except as otherwise expressly provided in this Agreement.
As used in the Agreement, as amended hereby, the term “Deposit” shall mean the Second Additional Deposit (as defined in this Fifth Amendment) and, if and when paid, the Third Additional Deposit.
Landlord’s receipt of the Second Additional Deposit shall be confirmed by Landlord in the Second Expansion Space Commencement Agreement, and the Second Additional Deposit shall not be deemed to have been paid by Tenant unless and until Landlord’s receipt thereof is so confirmed.
Section 17 of the Third Amendment is deleted and replaced with the following: “Seller and Purchaser hereby agree that upon payment by Purchaser of the Second Additional Deposit to Escrow Agent by the date required under this Fourth Amendment, the Second Additional Deposit shall be nonrefundable except upon any event or circumstance in the Agreement (as amended hereby) that requires the payment of the Deposit to Purchaser (for example, without limitation, if Seller defaults under the Agreement).