Extension Deposit definition

Extension Deposit means Two Hundred Thousand Dollars ($200,000).

Extension Deposit shall have the meaning given to such term in Section 8.4 hereof.

Extension Deposit shall have the meaning set forth in Section 3.1.

Examples of Extension Deposit in a sentence

• If Purchaser deposits the Extension Deposit with Escrow Agent before Purchaser’s receipt of Seller’s termination notice, Purchaser shall be deemed to have timely deposited the Extension Deposit and Seller shall not thereafter be entitled to terminate this Agreement as a result of any delay in depositing the Extension Deposit.

• The Closing shall occur on the Closing Date; provided, upon not less than three (3) Business Days’ prior written notice prior to the originally scheduled or then-scheduled Closing Date (the “Extension Notice”), Purchaser shall have the right to extend the Closing Date by up to fifteen (15) days upon delivery of the Extension Notice to Seller and subsequent deposit of the Extension Deposit with Escrow Agent (which Extension Deposit shall be deposited no later than two (2) Business Days before Closing).

More Definitions of Extension Deposit

Extension Deposit means the deposit of Eligible Funds described in the Indenture.

Extension Deposit shall have the meaning set forth in Section 1.1(b)(ii).

Extension Deposit means the deposit of Eligible Funds described in Sections 3.04 and 5.05(b) hereof.

Extension Deposit means the amount of TWO HUNDRED THOUSAND AND NO NO/100 DOLLARS ($200,000.00).

Extension Deposit. $225,000 and all interest earned thereon.

Extension Deposit means the deposit of Eligible Funds described in Sections 3.04 and

Extension Deposit is defined in Section 2.3 of this Agreement. “Extension Period” is defined in Section 2.3.1 of this Agreement. “FTB” is defined in Section 3.5.1 (c).