Warranty Deposit definition

Warranty Deposit means the reduced value of the Security Deposit or a separate irrevocable, automatically renewing Letter of Credit to be deposited with the City for the duration of the Warranty Period, as required in Schedule “E” and Schedule “G”, attached to and forming part of this bylaw, as a guarantee for the stability and sufficiency of the Works and Services completed by the Developer;
Sample 1Sample 2
Warranty Deposit has the meaning set forth in Section 2.6(a).
Sample 1

Examples of Warranty Deposit in a sentence

  • If Seller has not delivered the roof warranty and assignment to Purchaser on or before May 4, 2005, then without further direction by either party, the Escrow Agent shall disburse the Roof Warranty Deposit to Purchaser.

  • With regard to Environmental matters, any indemnity due by Sellers shall first be drawn from the Environmental Escrow Fund mentioned in section 7.5 below and then, to the extent necessary, from the Warranty Deposit Account and in no event should exceed the amount in such Account.

  • If Seller has not delivered the roof warranty and assignment to Purchaser on or before Febuary 4, 2005, then without further direction by either party, the Escrow Agent shall disburse the Roof Warranty Deposit to Purchaser.

  • If, on or before Febuary 4, 2005, Seller delivers to Purchaser a copy of the Kroger roof warranty, including an assignment of the Kroger roof warranty to Purchaser (approved by the vendor), then Seller and Purchaser shall mutually instruct the Escrow Agent to disburse the Roof Warranty Deposit to Seller.

  • One Account shall be referred to herein as the Price Deposit Account, another as the Warranty Deposit Account and the third ad the Environmental Escrow Fund.

  • Concurrently with the delivery of the Purchase Price under the agreement of purchase and sale, Seller is depositing with Escrow Agent the sum of $8,753.01, representing the Leasing Deposit, and the sum of $20,000, representing the Roof Warranty Deposit and $4,500.000, representing the Kroger Roof Warranty Deposit (collectively, the "Escrowed Funds") to be held by the Escrow Agent and disposed of pursuant to and strictly in accordance with the terms and conditions hereof.

  • The parties agree to proceed with the required testing and possible remediation in accordance with the terms of this Section 7.5. Any environmental indemnity exceeding the Environmental Escrow paid shall be paid out of the Warranty Deposit Account to the extent that money is available therein.

  • If, on or before May 4, 2005, Seller delivers to Purchaser a copy of the roof warranty, including an assignment of the roof warranty to Purchaser, than Seller and Purchaser shall mutually instruct the Escrow Agent to disburse the Roof Warranty Deposit to Seller.

  • Except as set forth in Section 7.1(a), in no event shall the indemnity due by Sellers for the representations and warranties given herein exceed the amount of the Warranty Deposit Account deposited with the Escrow Agent at the time the claim is notified.

  • In addition, Seller shall, as of the date hereof, deposit with the Escrow Agent the amount of $20,000.00 (the "Roof Warranty Deposit) and the amount of $4,500.00 (the "Kroger Roof Warranty Deposit").

Related to Warranty Deposit

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Prepaid Rent means any payment of money to the landlord for a rent obligation not yet

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Tenant Deposits means all security deposits, prepaid rentals, cleaning fees and other refundable deposits and fees collected from Tenants, plus any interest accrued thereon, paid by Tenants to Seller pursuant to the Leases. Tenant Deposits shall not include any non-refundable deposits or fees paid by Tenants to Seller, either pursuant to the Leases or otherwise.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • Rent Reserve means, with respect to any plant, warehouse distribution center or other operating facility where any Inventory subject to landlords’ Liens or other Liens arising by operation of law is located and a Collateral Access Agreement has not been duly executed and delivered by the lessor or bailee at such location, a reserve equal to three (3) month’s rent at such plant, warehouse distribution center, or other operating facility, and such other reserve amounts that may be determined by the Administrative Agent in its reasonable discretion.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Lease Payment means any form of payment, including a land lease, by a public entity to the private entity for the use of a qualifying project.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Security Deposit Account has the meaning given in Section 5.1.

  • Initial Reserve Account Deposit means $3,000,000.