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

• The Xxxxxxx Money Deposit shall be non-refundable after 5:00 p.m. Eastern Time on the Execution Date, except as otherwise expressly provided in this Agreement or the Xxxxxxx Money Escrow Agreement and shall, in the event of a Closing, be released to Sellers on the Closing Date.

• In the event, the CPG is not furnished within 7 (seven) Business Days of signing the PPA; the Xxxxxxx Money Deposit shall be forfeited.

• No later than (3) business days after Seller delivers such notice to Buyer, Buyer shall elect to (i) terminate the Agreement and receive a refund of the Xxxxxxx Money Deposit as Buyer’s sole and absolute remedy or (ii) proceed with the transaction and assume full responsibility for payment of any Association demand to the extent such demand exceeds Seller’s liability to the Association under applicable law.

• Xxxxx agrees that the Property is not unique and in the event of Seller’s default, Buyer can be adequately and fairly compensated solely by receiving a return of Xxxxxxx Money Deposit and cancellation of Buyer’s obligation to purchase the Property.

• Upon return of the Xxxxxxx Money Deposit to Buyer, the Agreement shall be terminated, and Buyer and Seller irrevocably instruct the Closing Agent to return all funds and documents to the party that deposited them without further direction.

More Definitions of Xxxxxxx Money Deposit

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 has the meaning set forth in Section l(c) above.

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 Xxxxxxx Money deposited by the Developer in accordance with the Tender Document. The words "EMD" and "Tender Security" are used synonymously.