Xxxxxxx Money Deposits definition

Xxxxxxx Money Deposits means all deposits of xxxxxxx money made by any Adeptus Party under or pursuant to the Real Estate Contracts.
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Xxxxxxx Money Deposits. As such term is defined in Section 14.3 (a).
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Xxxxxxx Money Deposits means any security deposits, letters of credit, or other cash or non-cash collateral or security paid or given as security for obligations of purchasers under any Qualified Purchase Contract.
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Examples of Xxxxxxx Money Deposits in a sentence

  • It is important to keep in mind that the following states do not allow dual agency: Alaska Colorado Florida Kansas Maryland Oklahoma Texas Vermont Wyoming Xxxxxxx Money Deposits Xxxxxxx money deposits (EMD) is a good faith deposit, which the Buyer pays to the Seller to show their intent or commitment to purchasing the Seller’s property.

  • The Xxxxxxx Money Deposits will be applied against the Purchase Price at closing.

  • In the event of the termination of this Agreement pursuant to either Section 12.1 (iii) or (iv) hereof, the termination shall be without penalty and the Parties shall have no further obligations to, nor rights against, one another, except that Sellers shall return the Xxxxxxx Money Deposits to Buyer, with accrued interest.

  • The Council continues to face significant financial pressures in respect of social care.

  • Each Xxxxxxx Money Deposit will be held by Escrow Agent for the account of the applicable Unit Purchaser, and Borrower shall instruct Escrow Agent to pay to Administrative Agent all forfeited Xxxxxxx Money Deposits which are or become payable to Borrower under any Unit Sales Contract.

  • If legal proceedings are brought by Xxxxx against Seller to recover all Xxxxxxx Money Deposits, the prevailing party in the proceeding shall be entitled to recover from the non-prevailing party reasonable attorney fees and court costs incurred in connection with the proceeding.

  • Should Buyer provide the Feasibility Disapproval Notice, all Xxxxxxx Money Deposits shall be returned to Buyer, except for $10.00 to be retained by Seller as binding consideration for this Agreement, and all documents shall thereupon be returned to the parties depositing same, and Buyer and Seller shall thereupon be relieved and released from any and all further liability or obligation hereunder.

  • If Buyer fails to perform any of Buyer’s obligations under this Agreement and such failure continues for five days after Buyer’s receipt of written notice from Seller, then Seller shall as its sole and exclusive remedy be entitled to cancel this Agreement and retain the Xxxxxxx Money Deposit (including any and all additional Xxxxxxx Money Deposits) in accordance with Section 4, as Seller’s agreed and total liquidated damages.

  • If Seller fails to materially comply with any of Seller’s obligations under this Paragraph 8 or Seller materially breaches this Contract, and Buyer elects to terminate this Contract as a result of such failure or breach, then all Xxxxxxx Money Deposits shall be refunded to Buyer.

  • The Cash Deposit and the Stock Deposit being herein collectively called the "Xxxxxxx Money Deposits".


More Definitions of Xxxxxxx Money Deposits

Xxxxxxx Money Deposits means those non-refundable cash deposits made by purchasers under any Qualified Purchase Contract in the amount of fifteen percent (15%) of the sales price of any Residential Component Unit and referred to therein as "Xxxxxxx Money", but not a Framing Deposit. Xxxxxxx Money Deposits to be deposited by Borrower into the Xxxxxxx Money Deposit Account shall serve as pledged collateral and, at Administrative Agent’s determination, may be used in connection with construction of Improvements or applied to the Facility Amount or otherwise disbursed by Administrative Agent or returned to the buyer, subject to the terms of the Qualified Purchase Contract; provided, however, to the extent that Xxxxxxx Money is paid to Borrower under a Qualified Purchase Contract for the replacement of a Unit in the Residential Component for which an Xxxxxxx Money Deposit was already paid at the time of initial sale, deposited in the Xxxxxxx Money Deposit Account, and determined by Administrative Agent to be unconditionally forfeited by the former purchaser, then such Xxxxxxx Money shall be released to Borrower provided no Event of Default has occurred and is continuing hereunder.
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Related to Xxxxxxx Money Deposits

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

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

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

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

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

  • Xxxxxxx Money shall have the meaning assigned thereto in Section 2.3.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Imposition Deposits are defined in Section 7(a).

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

  • 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.

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Assumed Deposits means Deposits.

  • Initial Reserve Account Deposit means $3,250,000.

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

  • 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: 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.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.

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

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