Common use of Additional Deposit Clause in Contracts

Additional Deposit. The Sellers may request additional deposits at specified times during the transaction as a show of commitment by the Buyer. If any additional deposit is to be paid, the amount of the deposit and the time for delivery are indicated on this line. Be sure to advise the Buyer that making this payment on time is an obligation of the Agreement, and that there may be consequences for late payment. See Paragraph 5 (Dates/Time is of the Essence) and Paragraph 26 (Default, Termination and Return of Deposits) for more information.

Additional Deposit. The Sellers may request additional deposits at specified times during the transaction as a show of commitment by the Buyer. If any additional deposit is to be paid, the amount of the deposit and the time for delivery are indicated on this line. Be sure to advise the Buyer that making this payment on time is an obligation of the Agreement, and that there may be consequences for late payment. See Paragraph 5 (Dates/Time is of the Essence) and Paragraph 26 27 (Default, Termination and Return of Deposits) for more information.

Additional Deposit. The Sellers may request additional deposits at specified times during the transaction as a show of commitment by the Buyer. If any additional deposit is to be paid, the amount of the deposit and the time for delivery are indicated on this line. Be sure to advise the Buyer that making this payment on time is an obligation of the Agreement, and that there may be consequences for late payment. See Paragraph 5 4 (Dates/Time is of the Essence) and Paragraph 26 24 (Default, Termination and Return of Deposits) for more information.