Earnest Money definition

Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

Earnest Money means 10% of the Reserve Price for each Property.

Earnest Money means 10% of the Total Consideration to be paid by the Applicant as per the Payment Plan for due fulfillment of the terms and conditions of the Application/Buyer’s Agreement.

Examples of Earnest Money in a sentence

• If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Earnest Money Deposit/ Bid Security.

• Also, if such a violation comes to the notice of Department before date of start of work, the Engineer-in-Charge shall be free to forfeit the entire amount of Earnest Money Deposit/Performance Guarantee.

• In addition, his user ID will be deactivated and Earnest Money Deposit will stand forfeited.

• In such cases, extension of validity of Earnest Money deposit by 30 days beyond the extended validity date of tender should also be asked for.

• If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Earnest Money Deposit/Bid Security.

More Definitions of Earnest Money

Earnest Money means 15% of the Basic Sale Consideration of Unit

Earnest Money means 15% of the Total Consideration to be paid by the Applicant as per the Payment Plan.

Earnest Money means money placed with a holder by a prospective buyer of residential real property to show a good-faith intention to perform pursuant to an executed pur- chase and sale agreement.

Earnest Money means 10% of the Total Price, including the booking amount paid by the Applicant(s).

Earnest Money means the booking amount paid alongwith this application.

Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter; “Government Authority” means any government, statutory, departmental or public body or authority, including courts of competent jurisdiction; “Indenture of Conveyance” shall have the meaning ascribed to it in Clause 2.2 hereof;

Earnest Money means 10% of total price of the Unit.