Examples of Second Deposit in a sentence
The Second Deposit shall be placed in an interest bearing account by the Escrow Agent.
The Initial Deposit, the Second Deposit and the Third Deposit, together with all interest accrued thereon, shall be collectively referred to as the Deposits (hereinafter the “Deposits” or the “Xxxxxxx Money”).
A second xxxxxxx money deposit (the “Second Deposit”) of Four Hundred Fifty Thousand and 00/100 Dollars ($450,000.00) shall be deposited by PURCHASER with Escrow Agent within ten (10) Business Days after the PURCHASER has received the Governmental Approvals, then, both the Initial Deposit and the Second Deposit shall become non- refundable; subject however, to the rights of PURCHASER to terminate this Agreement and receive the return of the Deposits as set forth in the Purchaser Termination Provisions.