{"component": "clause", "props": {"groups": [{"snippet": "Purchaser shall, contemporaneously with the delivery by Purchaser to the Title Company of one (1) original counterpart of this Agreement executed by Purchaser, deliver to the Title Company as the \"Contract Deposit\" the amount of One Hundred Thousand Dollars ($100,000), in the form of a cashier's or certified check made payable to the Title Company or wire transfer to an account designated by the Title Company. The Title Company shall hold the Contract Deposit in escrow in an interest-bearing account or accounts (each federally insured up to $100,000.00) to be applied and disbursed as herein provided. Any interest earned shall be reported under Purchaser\u2019s tax identification number. Any interest earned shall become part of the Contract Deposit. Risk of loss of the Contract Deposit is on Purchaser. If the Contract Deposit is diminished or lost, Purchaser shall promptly replenish it. If Purchaser does not timely deliver the Contract Deposit as provided in this Section 3.2(a), within two (2) business days after the date Purchaser and Seller execute and deliver this Agreement, this Agreement shall be null and void, and neither party hereto shall have any further or surviving obligation hereunder or under any other agreement between the parties (except for Purchaser's indemnity and repair obligations which shall remain in full force and effect).", "samples": [{"hash": "hjQsUzAQvnB", "uri": "/contracts/hjQsUzAQvnB#contract-deposit", "label": "Purchase and Sale Agreement (Bedford Property Investors Inc/Md)", "score": 19.0, "published": true}], "snippet_links": [{"key": "delivery-by-purchaser", "type": "clause", "offset": [44, 65]}, {"key": "title-company", "type": "definition", "offset": [73, 86]}, {"key": "original-counterpart", "type": "clause", "offset": [98, 118]}, {"key": "executed-by", "type": "definition", "offset": [137, 148]}, {"key": "deliver-to", "type": "definition", "offset": [160, 170]}, {"key": "form-of", "type": "clause", "offset": [277, 284]}, {"key": "certified-check", "type": "definition", "offset": [300, 315]}, {"key": "payable-to", "type": "definition", "offset": [321, 331]}, {"key": "transfer-to", "type": "clause", "offset": [358, 369]}, {"key": "the-contract", "type": "definition", "offset": [443, 455]}, {"key": "deposit-in-escrow", "type": "clause", "offset": [456, 473]}, {"key": "an-interest", "type": "clause", "offset": [477, 488]}, {"key": "account-or-accounts", "type": "definition", "offset": [497, 516]}, {"key": "interest-earned", "type": "definition", "offset": [612, 627]}, {"key": "tax-identification-number", "type": "clause", "offset": [664, 689]}, {"key": "risk-of-loss-of", "type": "clause", "offset": [754, 769]}, {"key": "days-after", "type": "definition", "offset": [1012, 1022]}, {"key": "purchaser-and-seller", "type": "clause", "offset": [1032, 1052]}, {"key": "execute-and-deliver", "type": "clause", "offset": [1053, 1072]}, {"key": "null-and-void", "type": "definition", "offset": [1113, 1126]}, {"key": "party-hereto", "type": "definition", "offset": [1140, 1152]}, {"key": "surviving-obligation", "type": "definition", "offset": [1179, 1199]}, {"key": "agreement-between-the-parties", "type": "clause", "offset": [1229, 1258]}, {"key": "for-purchaser", "type": "definition", "offset": [1267, 1280]}, {"key": "repair-obligations", "type": "definition", "offset": [1297, 1315]}, {"key": "full-force-and-effect", "type": "definition", "offset": [1338, 1359]}], "size": 1, "hash": "5dffcd7b798453ece534f97e81a39211", "id": 10}, {"snippet": "The Purchaser may require the Seller to deposit the Contract Deposit in an escrow account. In lieu of such deposit, Seller may post a bond guaranteeing the return of the Contract Deposit.", "samples": [{"hash": "9QRkR0dx0BS", "uri": "/contracts/9QRkR0dx0BS#contract-deposit", "label": "Construction Contract", "score": 32.7817878723, "published": true}, {"hash": "7hvWp5PvoBP", "uri": "/contracts/7hvWp5PvoBP#contract-deposit", "label": "Construction Contract", "score": 30.8824081421, "published": true}, {"hash": "cyrSmz9ZihD", "uri": "/contracts/cyrSmz9ZihD#contract-deposit", "label": "Construction Contract", "score": 30.7512435913, "published": true}], "snippet_links": [{"key": "the-purchaser-may", "type": "clause", "offset": [0, 17]}, {"key": "the-seller", "type": "clause", "offset": [26, 36]}, {"key": "the-contract", "type": "definition", "offset": [48, 60]}, {"key": "escrow-account", "type": "definition", "offset": [75, 89]}, {"key": "in-lieu-of", "type": "clause", "offset": [91, 101]}, {"key": "may-post", "type": "clause", "offset": [123, 131]}, {"key": "return-of", "type": "clause", "offset": [156, 165]}], "size": 8, "hash": "2cbff6808eb8d64913a12fff1937a901", "id": 4}, {"snippet": "$ (U.S. Dollars) as evidenced by Personal check Bank check Cash Wire transfer Additional Contract Deposit of $ (U.S. Dollars) is due within calendar days after the Contract Date set forth in Section 30. Unless otherwise agreed in writing, the pendency of any contingencies or special conditions in this Contract does not suspend or postpone Purchaser\u2019s obligation to make any required additional Contract Deposit. All Contract Deposits shall be held by: _____________________________________________________________________________________________ (\"Escrow Agent\"). If no binding Contract is created by the Contract Date or if Purchaser withdraws any pending offer prior to Seller\u2019s acceptance of that offer and notification thereof, all Contract Deposits shall be promptly returned to Purchaser.", "samples": [{"hash": "zQ5aX7HocJ", "uri": "/contracts/zQ5aX7HocJ#contract-deposit", "label": "Purchase and Sale Contract", "score": 24.423740387, "published": true}, {"hash": "6j49SS9waf5", "uri": "/contracts/6j49SS9waf5#contract-deposit", "label": "Purchase and Sale Contract", "score": 24.423740387, "published": true}, {"hash": "lMx5DPEDzVI", "uri": "/contracts/lMx5DPEDzVI#contract-deposit", "label": "Purchase and Sale Contract", "score": 20.7125263214, "published": true}], "snippet_links": [{"key": "personal-check", "type": "definition", "offset": [33, 47]}, {"key": "wire-transfer", "type": "clause", "offset": [64, 77]}, {"key": "additional-contract", "type": "definition", "offset": [78, 97]}, {"key": "days-after", "type": "definition", "offset": [149, 159]}, {"key": "contract-date", "type": "definition", "offset": [164, 177]}, {"key": "section-30", "type": "clause", "offset": [191, 201]}, {"key": "unless-otherwise-agreed", "type": "definition", "offset": [203, 226]}, {"key": "in-writing", "type": "clause", "offset": [227, 237]}, {"key": "special-conditions", "type": "definition", "offset": [276, 294]}, {"key": "in-this-contract", "type": "clause", "offset": [295, 311]}, {"key": "obligation-to", "type": "clause", "offset": [353, 366]}, {"key": "contract-deposits", "type": "clause", "offset": [418, 435]}, {"key": "escrow-agent", "type": "definition", "offset": [550, 562]}, {"key": "no-binding-contract", "type": "clause", "offset": [569, 588]}, {"key": "created-by", "type": "definition", "offset": [592, 602]}, {"key": "pending-offer", "type": "definition", "offset": [651, 664]}, {"key": "to-seller", "type": "definition", "offset": [671, 680]}, {"key": "acceptance-of", "type": "definition", "offset": [683, 696]}, {"key": "to-purchaser", "type": "clause", "offset": [783, 795]}], "size": 4, "hash": "c905bd052330a7b9060ac7e15a1ea655", "id": 6}, {"snippet": "6.1 ENTRUSTEE will not be required to provide any contract deposit to ENTRUSTOR.", "samples": [{"hash": "hGTLn4LMZOi", "uri": "/contracts/hGTLn4LMZOi#contract-deposit", "label": "Entrustment Business Agreement", "score": 24.3702945709, "published": true}, {"hash": "3CRlyx1az3i", "uri": "/contracts/3CRlyx1az3i#contract-deposit", "label": "Entrustment Business Agreement", "score": 24.0171108246, "published": true}], "snippet_links": [{"key": "to-provide", "type": "definition", "offset": [35, 45]}], "size": 2, "hash": "97d5b8fdc0bfd7de2fa1263c198b2ce5", "id": 7}, {"snippet": "With the execution of the Contract which shall be no later than December 15, 2010 (time being of the essence), Purchaser will pay a non-refundable deposit in the amount of $4,600,000.00 (the \u201cDownpayment\u201d) to Escrow Agent, which shall consist of an unconditional and irrevocable stand by letter of credit, in a form acceptable to Seller, issued by a bank which is a member of the New York Clearing House Association and that is otherwise reasonably acceptable to Seller, naming Escrow Agent as beneficiary, in the amount of $4,600,000 available for drawing (the \u201cLetter of Credit\u201d). The Downpayment is subject to adjustment in the event Purchaser elects to apply the LOI Deposit against the Downpayment as described above. At the Closing (hereinafter defined), the Letter of Credit shall be returned to Purchaser and shall not be credited against the Purchase Price. If a Closing is not consummated by Seller and Purchaser on or prior to February 21, 2011 for any reason whatsoever other than a material breach of the Contract by Seller or the failure of the Condominium Structure (hereinafter defined) to be approved by the Attorney General of the State of New York (the \u201cAttorney General\u201d) or other required governmental authority, Seller shall retain the Downpayment as liquidated damages and thereafter each party shall be released from any and all obligations and liabilities to the other hereunder, except for the provisions hereof that expressly survive termination of this LOI or the Contract. PROPERTY MATERIALS: Prior to execution of the Contract, Seller shall make available to Purchaser certain written materials with respect to the Property, including, without limitation, property studies and inspection reports (the \u201cProperty Reports\u201d). Purchaser expressly acknowledges and agrees that neither Seller nor any of its affiliates, officers, directors, employees, advisors or agents, have made or will be making any representation or warranty as to the content, accuracy or completeness of such Property Reports and Seller shall have no liability to Purchaser resulting from Purchaser\u2019s use or reliance upon the Property Reports. Purchaser is relying entirely on its own evaluation of the Property and is not relying on any representations, warranty, assurance or statement of any kind made by Seller, or any other person or entity acting on behalf of Seller. Purchaser shall maintain the confidentiality of the Property Reports in accordance with the terms of this LOI and if this LOI is terminated for any reason Purchaser shall immediately return all Property Reports and due diligence studies and reports obtained by Purchaser to Seller. The terms of this Section shall survive the termination of this LOI. INSPECTION PERIOD: Following execution of the LOI, the Purchaser shall have a due diligence period up to December 15, 2010 (the \u201cDue Diligence Period\u201d). If the Contract is fully executed prior to December 15, 2010, the Contract shall provide for such Due Diligence Period but in no event shall the LOI Deposit become refundable after 5:00 p.m. Eastern Standard Time on December 15, 2010 unless pursuant to the \u201cLOI Deposit\u201d paragraph above. During the Due Diligence Period, Seller will provide to Purchaser and Purchaser\u2019s consultants and representatives access to the Property at reasonable times and upon prior reasonable notice for Purchaser to conduct such studies, tests and investigations as Purchaser requires to evaluate the condition of the Property. Purchaser shall not conduct any invasive testing without Seller\u2019s prior consent, not to be unreasonably withheld, conditioned or delayed. Purchaser shall indemnify, defend and hold harmless Seller and Seller\u2019s officers, directors, partners, principals, agents, consultants, representatives and advisors (the \u201cSeller Parties\u201d) from and against all damage, cost, loss, liens, claims, liabilities and expenses (including reasonable attorney\u2019s fees) incurred by any of the Seller Parties arising out of such access. Prior to and during the period of any such access Purchaser agrees to obtain and maintain insurance of the types and amounts reasonably required by Seller listing Seller and any other Seller Party requested by Seller as additional insureds.", "samples": [{"hash": "iEm1eiGSgFg", "uri": "/contracts/iEm1eiGSgFg#contract-deposit", "label": "Purchase and Sale Agreement (SouFun Holdings LTD)", "score": 22.4373722076, "published": true}], "snippet_links": [{"key": "execution-of-the-contract", "type": "clause", "offset": [9, 34]}, {"key": "time-being-of-the-essence", "type": "clause", "offset": [83, 108]}, {"key": "purchaser-will", "type": "clause", "offset": [111, 125]}, {"key": "a-non", "type": "clause", "offset": [130, 135]}, {"key": "refundable-deposit", "type": "definition", "offset": [136, 154]}, {"key": "to-escrow-agent", "type": "definition", "offset": [206, 221]}, {"key": "consist-of", "type": "clause", "offset": [235, 245]}, {"key": "unconditional-and-irrevocable", "type": "clause", 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"clause", "offset": [956, 970]}, {"key": "breach-of-the-contract", "type": "clause", "offset": [1004, 1026]}, {"key": "the-condominium", "type": "clause", "offset": [1055, 1070]}, {"key": "approved-by", "type": "clause", "offset": [1109, 1120]}, {"key": "the-attorney-general", "type": "definition", "offset": [1121, 1141]}, {"key": "state-of-new-york", "type": "definition", "offset": [1149, 1166]}, {"key": "other-required", "type": "clause", "offset": [1195, 1209]}, {"key": "governmental-authority", "type": "clause", "offset": [1210, 1232]}, {"key": "seller-shall", "type": "clause", "offset": [1234, 1246]}, {"key": "liquidated-damages", "type": "definition", "offset": [1273, 1291]}, {"key": "each-party", "type": "definition", "offset": [1307, 1317]}, {"key": "obligations-and-liabilities", "type": "clause", "offset": [1353, 1380]}, {"key": "the-provisions", "type": "clause", "offset": [1416, 1430]}, {"key": "termination-of-this", "type": "clause", "offset": [1461, 1480]}, {"key": "property-materials", "type": "clause", "offset": [1502, 1520]}, {"key": "available-to", "type": "definition", "offset": [1576, 1588]}, {"key": "written-materials", "type": "definition", "offset": [1607, 1624]}, {"key": "with-respect-to", "type": "clause", "offset": [1625, 1640]}, {"key": "without-limitation", "type": "clause", "offset": [1666, 1684]}, {"key": "inspection-reports", "type": "definition", "offset": [1707, 1725]}, {"key": "property-reports", "type": "definition", "offset": [1732, 1748]}, {"key": "neither-seller", "type": "clause", "offset": [1801, 1815]}, {"key": "representation-or-warranty", "type": "clause", "offset": [1927, 1953]}, {"key": "the-content", "type": "clause", "offset": [1960, 1971]}, {"key": "accuracy-or-completeness", "type": "clause", "offset": [1973, 1997]}, {"key": "no-liability", "type": "clause", "offset": [2045, 2057]}, {"key": "resulting-from", "type": "definition", "offset": [2071, 2085]}, {"key": "own-evaluation", "type": "clause", "offset": [2178, 2192]}, {"key": "statement-of", "type": "clause", "offset": [2275, 2287]}, {"key": "person-or-entity", "type": "clause", "offset": [2326, 2342]}, {"key": "of-seller", "type": "clause", "offset": [2360, 2369]}, {"key": "in-accordance-with", "type": "clause", "offset": [2440, 2458]}, {"key": "terms-of", "type": "definition", "offset": [2463, 2471]}, {"key": "all-property", "type": "definition", "offset": [2561, 2573]}, {"key": "studies-and-reports", "type": "definition", "offset": [2600, 2619]}, {"key": "by-purchaser-to-seller", "type": "clause", "offset": [2629, 2651]}, {"key": "the-termination", "type": "clause", "offset": [2693, 2708]}, {"key": "inspection-period", "type": "definition", "offset": [2722, 2739]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [2773, 2792]}, {"key": "fully-executed", "type": "definition", "offset": [2894, 2908]}, {"key": "prior-to-december", "type": "clause", "offset": [2909, 2926]}, {"key": "provide-for", "type": "definition", "offset": [2956, 2967]}, {"key": "in-no-event-shall", "type": "clause", "offset": [2998, 3015]}, {"key": "eastern-standard-time", "type": "definition", "offset": [3066, 3087]}, {"key": "on-december", "type": "clause", "offset": [3088, 3099]}, {"key": "pursuant-to-the", "type": "definition", "offset": [3116, 3131]}, {"key": "during-the-due-diligence-period", "type": "clause", "offset": [3163, 3194]}, {"key": "will-provide", "type": "clause", "offset": [3203, 3215]}, {"key": "purchaser-and-purchaser", "type": "definition", "offset": [3219, 3242]}, {"key": "and-representatives", "type": "clause", "offset": [3257, 3276]}, {"key": "access-to-the-property", "type": "clause", "offset": [3277, 3299]}, {"key": "reasonable-notice", "type": "definition", "offset": [3335, 3352]}, {"key": "for-purchaser", "type": "definition", "offset": [3353, 3366]}, {"key": "the-condition-of-the-property", "type": "clause", "offset": [3451, 3480]}, {"key": "invasive-testing", "type": "clause", "offset": [3514, 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"offset": [0, 14]}, {"key": "the-contractor-shall", "type": "clause", "offset": [49, 69]}, {"key": "equal-to", "type": "definition", "offset": [84, 92]}, {"key": "the-contract-sum", "type": "clause", "offset": [112, 128]}, {"key": "thirty-days", "type": "clause", "offset": [150, 161]}, {"key": "date-of-issue", "type": "definition", "offset": [171, 184]}, {"key": "letter-of-acceptance", "type": "definition", "offset": [188, 208]}], "size": 16, "hash": "9019db24e6254e0e56880feb0fd10108", "id": 1}, {"snippet": "Payable on the date the Building Contract is signed. DEPOSIT (A) = $ incl GST", "samples": [{"hash": "3C5ZLAhskzA", "uri": "/contracts/3C5ZLAhskzA#contract-deposit", "label": "Residential Building Contract", "score": 35.4174690247, "published": true}, {"hash": "ac5kX7llTKZ", "uri": "/contracts/ac5kX7llTKZ#contract-deposit", "label": "Residential Building Contract", "score": 35.2271881104, "published": true}, {"hash": "eLgsQnscXLK", "uri": "/contracts/eLgsQnscXLK#contract-deposit", "label": "Residential Building Contract", "score": 27.1013011932, "published": true}], "snippet_links": [{"key": "building-contract", "type": "definition", "offset": [24, 41]}], "size": 13, "hash": "b2f642128d69fbb7d0d2b13cd4a486f3", "id": 2}, {"snippet": "21A. \u2587\u2587\u2587\u2587\u2587\u2587 21A is hereby inserted as a new clause into the General Terms under clause 21, as follows: 80A. Clause 80A is hereby inserted as a new clause into the General Terms under clause 80, as follows:", "samples": [{"hash": "3C5ZLAhskzA", "uri": "/contracts/3C5ZLAhskzA#contract-deposit", "label": "Residential Building Contract", "score": 35.4174690247, "published": true}, {"hash": "ac5kX7llTKZ", "uri": "/contracts/ac5kX7llTKZ#contract-deposit", "label": "Residential Building Contract", "score": 35.2271881104, "published": true}, {"hash": "eLgsQnscXLK", "uri": "/contracts/eLgsQnscXLK#contract-deposit", "label": "Residential Building Contract", "score": 27.1013011932, "published": true}], "snippet_links": [{"key": "new-clause", "type": "clause", "offset": [40, 50]}, {"key": "general-terms", "type": "definition", "offset": [60, 73]}, {"key": "clause-21", "type": "clause", "offset": [80, 89]}], "size": 5, "hash": "32d53f1cf47bfbdf46947c135e917cc6", "id": 5}, {"snippet": "Successful vendor shall have to give a Performance Bank Guarantee@ 10%of the total contract cost from the Bankers & same will be retained 6 months after completion of contract period. The Banker\u2019s Guarantee issued by branches of approved Banks beyond Kalyan and Virar can be accepted only if the said Banker\u2019s Guarantee is counter signed by the Manager of a Branch of the same, within the Mumbai City limit categorically endorsing there on that the said Banker\u2019s Guarantee is binding on the endorsing Branch of the Bank within Mumbai limits and is liable to been forced against the said Branch of the Bank in case of default by the contractor/supplier furnishing the banker\u2019s guarantee.", "samples": [{"hash": "973uQSPa1NN", "uri": "/contracts/973uQSPa1NN#contract-deposit", "label": "Procurement Agreement", "score": 33.7370834351, "published": true}, {"hash": "1QBFhAvSWyL", "uri": "/contracts/1QBFhAvSWyL#contract-deposit", "label": "Procurement Agreement", "score": 33.6168670654, "published": true}, {"hash": "f64N0XWuiL6", "uri": "/contracts/f64N0XWuiL6#contract-deposit", "label": "Procurement Agreement", "score": 33.2835845947, "published": true}], "snippet_links": [{"key": "vendor-shall", "type": "clause", "offset": [11, 23]}, {"key": "total-contract-cost", "type": "definition", "offset": [77, 96]}, {"key": "contract-period", "type": "clause", "offset": [167, 182]}, {"key": "issued-by", "type": "clause", "offset": [207, 216]}, {"key": "approved-banks", "type": "definition", "offset": [229, 243]}, {"key": "by-the-manager", "type": "clause", "offset": [338, 352]}, {"key": "the-bank", "type": "definition", "offset": [511, 519]}, {"key": "default-by-the-contractor", "type": "clause", "offset": [617, 642]}], "size": 10, "hash": "acf64a997b02e9347d0721e71ee7e6bd", "id": 3}, {"snippet": "Payable on the date the Building Contract is signed. DEPOSIT (A) = $ incl GST NOTE: If you elect loss of deposit cover in a Master Build Guarantee, this will only cover loss of a deposit up to a maximum of the lesser of: \u2022 10% of the CONTRACT PRICE; or \u2022 the maximum sum specifically allowed for in the guarantee", "samples": [{"hash": "9u2hKHLAGBN", "uri": "/contracts/9u2hKHLAGBN#contract-deposit", "label": "Residential Building Contract", "score": 33.8900871277, "published": true}], "snippet_links": [{"key": "building-contract", "type": "definition", "offset": [24, 41]}, {"key": "loss-of-deposit", "type": "clause", "offset": [97, 112]}, {"key": "lesser-of", "type": "definition", "offset": [210, 219]}, {"key": "the-contract-price", "type": "clause", "offset": [230, 248]}, {"key": "maximum-sum", "type": "clause", "offset": [259, 270]}, {"key": "the-guarantee", "type": "clause", "offset": [299, 312]}], "size": 2, "hash": "ec30a932db8f1f1cbad7df15b2e824b0", "id": 8}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihljb250cmFjdC1kZXBvc2l0IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Contract Deposit", "children": [["effective-date", "Effective Date"], ["deposit", "Deposit"], ["termination", "Termination"]], "parents": [["retention-money", "Retention Money"], ["security-deposit-and-performance-guarantee", "Security Deposit and Performance Guarantee"], ["security-deposit", "Security Deposit"], ["building-contract-details", "BUILDING CONTRACT DETAILS"], ["purchase-price-and-payment", "Purchase Price and Payment)"]], "size": 69, "id": "contract-deposit", "related": [["direct-deposit", "Direct Deposit", "Direct Deposit"], ["direct-deposits", "Direct Deposits", "Direct Deposits"], ["contract-duration", "Contract Duration", "Contract Duration"], ["establishment-of-escrow-account-deposits-in-escrow-account", "Establishment of Escrow Account; Deposits in Escrow Account", "Establishment of Escrow Account; Deposits in Escrow Account"], ["tenant-deposits", "Tenant Deposits", "Tenant Deposits"]], "related_snippets": [], "updated": "2025-09-20T05:37:53+00:00"}, "json": true, "cursor": ""}}