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Second Deposit definition

Second Deposit has the meaning set forth in Section 3.2.
Second Deposit shall have the meaning given to such term in Section 2.2(b) hereof.
Second Deposit has the meaning ascribed thereto in Subsection 3.1(b).

Examples of Second Deposit in a sentence

  • As used in this Contract, “Deposit” shall refer collectively to the Initial Deposit and the Second Deposit, together with all interest earned thereon, if any.

  • Purchaser’s failure to pay either the Initial Xxxxxxx Money or the Second Deposit on the applicable date shall constitute a material default by Purchaser under Section 14 below.

  • The First Deposit and the Second Deposit, together with all interest earned on such sums, are herein referred to collectively as the “Xxxxxxx Money.” All interest accruing on such sums shall become a part of the Xxxxxxx Money and shall be distributed as Xxxxxxx Money in accordance with the terms of this Agreement.

  • Under the First Deposit Agreement dated 31.03.2017 (First Deposit), the Financial Creditor had agreed to advance an amount of Rs. 2,30,00,00,000/- to the Corporate Debtor and under the Second Deposit Agreement dated 27.10.2017 (Second Deposit), the Financial Creditor had agreed to advance an amount of Rs. 2,77,00,00,000/- to the Corporate Debtor.

  • If Buyer fails to proceed with the Closing in accordance with the requirements of this Agreement after Buyer exercises its option to extend the Closing Date, the Second Deposit (including any interest earnings) shall be paid to Seller by Escrow Holder.


More Definitions of Second Deposit

Second Deposit shall have the meaning set forth in Section 1(b).
Second Deposit is defined in Section 3.2.
Second Deposit has the meaning given to it in clause 3.3;"
Second Deposit has the meaning set forth in Section 3.2.1 of this Agreement.
Second Deposit has the meaning set forth in Section 2(b)(ii).
Second Deposit means the amount of THREE HUNDRED THOUSAND AND NO/100 DOLLARS ($300,000.00).
Second Deposit means the sum of One Million and No/100 Dollars ($1,000,000.00), to the extent the same is deposited by Buyer in accordance with the terms of Subsection 3.1.1 hereof, together with any interest earned thereon while held in escrow by the Escrow Agent, or, with respect to the Released Deposit, at the Imputed Deposit Interest Rate as provided in Section 3.1.1.