Example ContractsClausesDeposit
Deposit
Deposit contract clause examples

"Deposit" means the deposits payable pursuant to the MOAs.

Deposit. Within two (2) Business Days (as hereinafter defined) after the Effective Date, Purchaser shall deposit with Chicago Title Insurance Company (“Escrowee”), by wire transfer of immediately available federal funds to an account designated by Escrowee (the “Escrow Account”), the sum of Five Hundred Thousand and 00/100 Dollars ($500,000) (together with all interest thereon, but excluding the Independent Consideration (as hereinafter defined), the “Deposit”), which Deposit shall be held by Escrowee pursuant to the escrow agreement (the “Escrow Agreement”) attached hereto as Exhibit M and hereby made a part hereof. If Purchaser shall fail to deposit the Deposit with Escrowee within two (2) Business Days after the Effective Date, then at Seller’s election, this Agreement shall be null, void ab initio and of no force or effect.

Deposit. Customer shall pay a pre-delivery deposit of [***] of the New Engine base price listed in Attachment C in accordance with the "PDP

Deposit: The Agent acknowledges that it has been paid a deposit of C$100,000 by the Obligors which will be credited against the Borrower’s obligation to pay the legal fees and expenses incurred by the Agent. To the extent that Agent and/or the Lenders fees and expenses exceed such deposit, Obligors shall pay Agent or the Lender, as applicable any such excess on demand.

DEPOSIT. Within five (5) business days after the Effective Date of this Agreement, the Escrow Agent selected by PURCHASER shall acknowledge to SELLER that it holds a deposit ("Deposit") in the amount of Ten Thousand Dollars and No Cents ($10,000.00) in accordance with the terms of the Escrow Agreement executed by the parties attached hereto as Exhibit B.

Deposit. $150,000.00 (the “Initial Deposit”) has been delivered or shall be delivered within one business day after the date of this Agreement, time being of the essence, in the form of a cashier’s check, wire transfer or other good funds (“Good Funds”) for immediate credit to the escrow account of Fidelity National Title Insurance Company (the “Title Company”), at its offices at 4643 S. Ulster, Suite 500, Denver, Colorado 80237 Attention: Darren Hone, to be held by the Title Company pursuant to the provisions of this Agreement. If Purchaser does not terminate this Agreement pursuant to its rights under Section 2.5d before the expiration of the Inspection Period, Purchaser shall, on or before the last day of the Inspection Period, deliver to the Title Company an additional $200,000.00 in Good Funds (the “Subsequent Deposit”) for immediate credit to the Title Company’s account. As used herein, the “Deposit” shall mean the Initial Deposit, and from and after the date, if at all, delivered by Purchaser to the Title Company, the Subsequent Deposit, together with all interest which shall accrue thereon. The Title Company shall invest the Deposit in government insured interest-bearing instruments reasonably satisfactory to both Purchaser and Seller, shall not commingle the Deposit with any funds of the Title Company or others, and shall promptly provide Purchaser and Seller with confirmation of the investment made. The Deposit shall be non-refundable except as expressly set forth in this Agreement.

Deposit” has the meaning set forth in Section 2.2.

Deposit. Customer shall pay a pre-delivery deposit of [***] of the New Engine base price listed in Attachment C in accordance with the "PDP Payment Date" in Attachment A, paid by wire transfer, and payable upon issuance of invoice.

Deposit. Within two (2) Business Days (as hereinafter defined) after the Effective Date, Purchaser shall deposit with Fidelity National Title Insurance Company, Attention: Rich Lipman (in its capacity as escrow agent, “Escrowee”), by wire transfer of immediately available federal funds to an account designated by Escrowee, the sum of Two Million Eight Hundred Thousand Dollars ($2,800,000.00) (together with all interest thereon, the “Deposit”), which Deposit shall be held by Escrowee pursuant to the escrow agreement (the “Escrow Agreement”) attached hereto as Exhibit K . If Purchaser shall fail to deposit the Deposit with Escrowee within two (2) Business Days after the Effective Date, then at Seller’s election, this Agreement shall be null, void ab initio and of no force or effect.

Deposit. Within three (3) Business Days after the Effective Date, Purchaser shall deliver a deposit in the amount of Two Million Seven Hundred Seventy-Eight Thousand Eight Hundred Forty-Six and No/100 Dollars ($2,778,846.00) (the “Deposit”) to First American Title Insurance Company, Two Liberty Place, 50 South 16th Street, Suite 3010, Philadelphia, PA 19102, Attention: Adam B. Cutler, Esq., as escrow agent (the “Escrow Agent”), by wire transfer of immediately available funds to an account designated by Escrow Agent. The Deposit shall be held by the Escrow Agent in escrow, subject to the terms of an escrow agreement substantially in the form attached hereto as Exhibit A (the “Escrow Agreement”). If the Closing does not occur, for any reason, the Deposit will be distributed according to Article XI hereof. All accrued interest on the Deposit will be delivered to Purchaser when the Deposit is distributed pursuant to the Escrow Agreement or Article XI.

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