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Xxxxxxx Money Deposit definition

Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).
Xxxxxxx Money Deposit has the meaning ascribed to such term in Section 4.1.
Xxxxxxx Money Deposit. Means the Xxxxxxx Money deposited by the Lessee in accordance with the Tender Document. The words "EMD" and "Tender Security" are used synonymously.

Examples of Xxxxxxx Money Deposit in a sentence

  • If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer.

  • The Xxxxxxx Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes.

  • In the event Seller shall fail to cure a defect which Seller has committed in writing to cure prior to Closing, or if a new title defect arises after the date of Buyer’s Title Commitment or Survey, as applicable, but prior to Closing, then Buyer may elect, in Buyer’s sole and absolute discretion: (i) to waive such objection and proceed to Closing, or (ii) to terminate this Contract and receive a return of the Xxxxxxx Money Deposit, and any interest thereon.

  • In the event of the failure of any of the conditions set forth in this Section 9.2, which condition is not waived in writing by Seller, Seller shall have the right at its option to declare this Contract terminated and null and void, in which case the remaining Xxxxxxx Money Deposit and any interest thereon shall be immediately returned to Buyer and each of the parties shall be relieved from further liability to the other, except as otherwise expressly provided herein.

  • At the Closing, the Xxxxxxx Money Deposit, together with interest earned thereon, if any, shall, at Buyer’s election, be returned to Buyer or shall be paid over to Seller by Escrow Agent to be applied to the portion of the Purchase Price on behalf of Buyer, and the Escrow Funds shall be deposited into an escrow account pursuant to the Post-Closing Agreement as contemplated by Section 8.9.


More Definitions of Xxxxxxx Money Deposit

Xxxxxxx Money Deposit has the meaning set forth in Section l(c) above.
Xxxxxxx Money Deposit has the meaning set forth in Section 3.2(a).
Xxxxxxx Money Deposit means both the Initial Deposit defined below and described in Section 2.5(a) hereof and the Additional Deposit defined above and described in Section 2.5(a) hereof.
Xxxxxxx Money Deposit means the deposits delivered by Buyer to Escrow Agent under Section 2.2 of this Agreement, together with the earnings thereon, if any.
Xxxxxxx Money Deposit. As defined in the Master Purchase Agreement.
Xxxxxxx Money Deposit has the meaning set forth in the Recitals of the Private Owner Interest Sale Agreement.
Xxxxxxx Money Deposit means the portion of the Xxxxxxx Money Deposit (as defined in the Master Purchase Agreement) allocated to the Property under the terms of the Master Purchase Agreement.