Deposit Increase Sample Clauses

The Deposit Increase clause establishes the conditions under which a party must provide additional funds as a deposit during the course of an agreement. Typically, this clause specifies the triggers for increasing the deposit, such as changes in project scope, increased risk, or failure to meet certain milestones, and outlines the process for notifying the party responsible for the additional payment. Its core practical function is to ensure that sufficient security is maintained throughout the agreement, protecting the interests of the party receiving the deposit and addressing potential changes in circumstances that may require greater financial assurance.
Deposit Increase not applicable.
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Deposit Increase. Upon removal of the inspection contingencies set forth in paragraph(s) 5, 6.1, 7.1, 8.1, 8.2, 8.3 hereof, Buyer shall deposit in Escrow sufficient funds to increase the Deposit to Seventy Five Thousand dollars ($ 75,000 ). The entire Deposit shall be credited to the purchase price at the close of escrow unless otherwise provided herein.
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Deposit Increase. Within three business days of execution of this document the deposit shall be increased to a total of One Hundred Thousand Dollars ($100,000).
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Deposit Increase. Upon removal of the inspection contingencies set forth in paragraph(s) n/a hereof, Buyer shall deposit with Broker in Escrow sufficient funds to increase the Deposit to n/a dollars ($n/a). The entire Deposit shall be credited to the purchase price at Closing unless otherwise provided herein.
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Deposit Increase. A security deposit increase (in connection with having a satellite dish or antenna) may be required. If that is the case, the security deposit is increased by an additional sum of $ to help protect Owner against possible repair costs, damages, or any failure to remove the satellite dish or antenna and related equipment at time of move-out. A security deposit increase does not imply a right to drill into or alter the leased Premises.
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Deposit Increase. Upon execution of this Amendment, the Deposit shall be increased by TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($250,000.00), payable as follows: (i) ONE HUNDRED EIGHTY THREE THOUSAND FOUR HUNDRED SEVENTY SIX AND NO/100 DOLLARS ($183,476.00) in the form of the payment of a real estate tax bill for the Property, which Seller hereby acknowledges Purchaser has previously paid on Seller’s behalf; (ii) SIXTY SIX THOUSAND FIVE HUNDRED TWENTY FOUR AND NO/100 DOLLARS ($66,524.00) in cash to be delivered to Seller no more than three (3) business days after the effective date of this Amendment; and (iii) THREE HUNDRED TWENTY FOUR THOUSAND FOUR HUNDRED SIXTY EIGHT AND NO/100 DOLLARS ($324,468.00) payable in the form of a pledge of the Development Fee (as defined below) (“Pledge Deposit”). Seller, Broad Street Realty LLC (“BSR”), a subsidiary of Purchaser and Bridger Real Estate, LLC entered into a Development Agreement dated September 27, 2019, pursuant to which BSR is entitled to receive additional amounts of a development fee (the “Development Fee”). In addition, Purchaser shall provide an additional Deposit of One Million Two Hundred Fifty Thousand Dollars ($1,250,000) (“Reserve Deposit”) upon its receipt of the release of reserve funds from BIG Real Estate Finance I, LLC related to certain properties that Purchaser’s subsidiaries own (“Reserve Funds”). In the event Purchaser defaults in its obligation to close on the Property, (i) BSR’s rights to the Development Fee in the amount equal to the Pledge Deposit shall be forfeited, and (ii) if not already provided, the Reserve Deposit shall be immediately due and payable by Purchaser to Seller, regardless of whether the Reserve Funds have been actually received by Purchaser. The obligation to pay the Reserve Deposit upon receipt of the Reserve Funds or upon a termination of the Purchase Agreement for a Purchaser default (collectively, the “Guaranteed Obligations”) is hereby acknowledged to be fully guaranteed by Purchaser in accordance with Exhibit C, attached hereto and to be executed simultaneously with Purchaser’s execution of this Amendment. Notwithstanding anything to the contrary contained in the Purchase Agreement, Purchaser shall have no additional Deposit obligations, other than as provided for in this Section 4. For the avoidance of doubt, all deposits referenced herein shall be non-refundable as of the date hereof and shall be payable to Seller in the event that Purchaser for any reason fails to close on...
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Deposit Increase. Upon execution of this Amendment, Buyer shall deliver ---------------- to Escrow Holder Fifty Thousand Dollars ($50,000), which will increase the Deposit from Fifty Thousand Dollars ($50,000) to One Hundred Thousand Dollars ($100,000).
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Deposit Increase. Owner/Agent ❒does ❒does not require an additional security deposit (in connection with having a satellite dish or antenna): If Owner/Agent does require an increased deposit, Resident agrees to pay an additional security deposit in the amount of $ to help protect Owner/Agent against possible repair costs, damages, or any failure to remove the satellite dish or antenna and related equipment at the time of move-out. A security deposit increase does not imply a right to drill into or alter the leased premises. In no case will the total amount of all security deposits Resident pays to Owner/Agent be more than that which is allowed by law (two times the amount of rent for an unfurnished unit and three times the amount of rent for a furnished unit).
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Deposit Increase. Owner requires an additional security deposit (in connection with having a satellite dish or antenna). Resident agrees to pay an additional security deposit in the amount of $250.00 to help protect the Owner against possible repair costs, damages, or any failure to remove the satellite dish or antenna and related equipment at the time of move-out. A security deposit increase does not imply a right to drill into or alter the leased premises. In no case will the total amount of all security deposits Resident(s) pays to Owner be more than that which is allowed by law (two times the amount of rent for an unfurnished unit and three times the amount of rent for a furnished unit).
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Related to Deposit Increase

  • Merit Increases i) Subject to documented assessment and performance review undertaken pursuant to the Performance Management System, an employee on her anniversary date may be granted an increase of up to five (5) pay increments in the pay scale, not to exceed the control point maximum. ii) The Employer shall notify the employee in writing when an annual increment(s) is not granted or when an annual increment of less than two (2) increments is granted. Such notice shall contain the Employer’s reason(s) as to why the employee’s work performance was not satisfactory. iii) An employee, who has not been granted a merit increase, shall have the right to refer her performance evaluation to the Superintendent or designate for review by the Review Committee that has been established in the employing department. The employee shall have the right to make a written submission to the Review Committee. iv) At the discretion of the Superintendent, anniversary date merit increases, or portions thereof may be delayed and granted at a subsequent date, without change to the employee’s anniversary date. v) Where an employee is not granted a pay increment(s) due to an omission or error, the employee shall be granted the increase on a subsequent date, retroactive to their anniversary date for such increment(s). vi) The number of merit increase pay increments granted for part-time employees should be pro- rated or delayed in relation to length of work periods. vii) Employees paid at or above the control point maximum of the pay range are ineligible for merit increases. viii) It is understood by the Parties that clause 10.07 of the CUPE 2745 Collective Agreement does not apply to scheduled work planning and review or performance appraisal meetings.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • RENT INCREASE 6.1 The Landlord is entitled to increase the Rent payable under this tenancy, either during the Tenancy Term or any subsequent renewal or periodic term, on each anniversary of the start date of this tenancy (“The Rent Increase Date”). The increase will be a minimum 5% in addition to the current Rent payable. Should the Landlord elect to do so they will first serve written notice on the Tenant in accordance with these Tenancy Terms and Conditions of at least one calendar month prior to the Rent Increase Date (“the Rent Increase Notice”). 6.2 If the Landlord chooses not to increase the Rent on the Rent Increase Date they may defer doing so to any date thereafter provided they shall at any time thereafter be entitled to serve a Rent Increase Notice and the said rent increase shall take effect on the expiry of such notice – the Landlord will not be entitled to then increase the rent in this way for another 12 months.