Common use of Deposit Payment Clause in Contracts

Deposit Payment. Concurrent with the execution of this Agreement by the Buyer and as consideration for this Agreement, Buyer shall deliver its check in the amount of One Hundred Dollars $100.00 (hereinafter referred to as the "Deposit") to The Xxxxx Law Firm, LLC, 00 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxx 00000, which firm shall serve as the "Escrow Agent" pursuant to the terms of this Agreement. The Escrow Agent is directed to hold the Deposit as escrowed funds in an FDIC insured, non-interest-bearing account (the "Account"), at Xxxxxx Community Bank, Brooksville, Florida. Seller and Xxxxx hereby agree to hold Escrow Agent harmless for any loss of escrowed funds, including the Deposit and interest earned thereon, for any reason whatsoever or for loss of interest caused by any delay in the deposit or early withdrawal of the Deposit from the Account; provided, however, that Escrow Agent shall be liable for its fraud, willful misconduct and gross negligence. In the event that the transaction contemplated by this Agreement is closed on the Closing Date (as hereinafter defined), the Deposit shall be released by Escrow Agent to Seller at Closing (as hereinafter defined) and shall be applied to amounts owed to Seller by Buyer. In the event that the Closing is not held on the Closing Date, Escrow Agent shall pay the Deposit to Buyer or Seller, as the case may be, in accordance with the provisions of this Agreement. The enforceability of this Agreement is wholly contingent upon the approval of this Agreement by the Sumter County Board of County Commissioners and execution by the Chairman of that Board evidencing such approval after a properly noticed public hearing, as mandated by Chapter 125.355, Florida Statutes. However, all dates and timelines herein shall run from the Execution Date. For purposes of this Agreement, the “Execution Date” is the date this Agreement is executed by the County Administrator and the Buyer, whichever is later). Should the Board of County Commissioners fail to approve this Agreement, Xxxxx’s deposit shall be returned in full and Buyer shall have no further obligations hereunder.

Deposit Payment. Concurrent with the execution of On Accepting this Agreement by the Buyer and as consideration for this Agreement, Buyer shall deliver its check in the amount of One Hundred Dollars $100.00 (hereinafter referred to as the "Deposit") to The Xxxxx Law Firm, LLC, 00 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxx 00000, which firm shall serve as the "Escrow Agent" pursuant to the terms of this Agreement. The Escrow Agent is directed to hold the Deposit as escrowed funds in an FDIC insured, non-interest-bearing account (the "Account"), at Xxxxxx Community Bank, Brooksville, Florida. Seller and Xxxxx hereby you agree to hold Escrow Agent harmless for pay a deposit of £100.00 This fee covers losses, damages, any loss additional cleaning required, key-card or lock replacement where needed, any unpaid Licence fee or other sums payable as a result of escrowed fundsany other breach of your obligations, including reasonable administrative expenses. Subject to any deductions for the Deposit and interest earned thereon, for proper costs we incur if you breach any reason whatsoever or for loss of interest caused by any delay in the deposit or early withdrawal of the Deposit from the Account; provided, however, that Escrow Agent shall be liable for its fraud, willful misconduct and gross negligence. In the event that the transaction contemplated by this Agreement is closed on the Closing Date (as hereinafter defined), the Deposit shall be released by Escrow Agent to Seller at Closing (as hereinafter defined) and shall be applied to amounts owed to Seller by Buyer. In the event that the Closing is not held on the Closing Date, Escrow Agent shall pay the Deposit to Buyer or Seller, as the case may be, in accordance with the provisions of this Agreement. The enforceability of this Agreement is wholly contingent upon the approval of this Agreement by the Sumter County Board of County Commissioners and execution by the Chairman of that Board evidencing such approval after a properly noticed public hearing, as mandated by Chapter 125.355, Florida Statutes. However, all dates and timelines herein shall run from the Execution Date. For purposes of your obligations under this Agreement, the “Execution Date” is deposit, will be credited to your final invoice. Deductions will be made for (but not limited to): any costs incurred as a result of repair, replacement, additional cleaning and removal of litter/rubbish (fair wear and tear excepted); our administration fees and other losses or reasonable expenses incurred by us as a result of you not complying with your obligations; key or lock replacement where needed; any unpaid Licence Fee. College Rules and Regulations You must comply in all respects with: the date terms and conditions in this Agreement; the terms set out in the Agreement Summary; and the rules and regulations as laid out in the Halls Handbook; and all College policies and procedures. Moving In You are able to check in at any time of the day or night on your day of arrival. By checking in you will be deemed as having accepted the Agreement; Using the Accommodation Only you can live in the Accommodation; You must not use the Accommodation for any other purpose than as study and living accommodation; You agree not to sublet or allow others to occupy the Accommodation and your rights under this Agreement are not transferable. Sub-letting and/or multiple occupation of the Accommodation without authorisation is executed considered a serious breach of this Agreement and may result in this Agreement being terminated early; You agree to inform us should you vacate your room for any period of more than 48 hours unless it is a weekend. You agree not to smoke in any part the Halls, other than outside of the Accommodation blocks in areas where smoking is allowed; You agree not to throw anything from any windows – regardless of your intention to retrieve it or not; You agree not to display any flag, banner, poster or other item which can be seen from the outside of the accommodation or to hang clothing or other items from or in any window; You agree not to keep or allow to be kept any weapon or offensive or illicit items / things of any description in the Accommodation or the Halls Grounds; You agree to comply with the car, motorcycle and bicycle parking rules issued by us and which can be reviewed in the County Administrator and the Buyer, whichever is later). Should the Board of County Commissioners fail to approve this Agreement, Xxxxx’s deposit shall be returned in full and Buyer shall have no further obligations hereunderHalls Handbook.

Deposit Payment. Concurrent with the execution of this Agreement by the Buyer and as consideration for this Agreement, Buyer shall deliver its check in the amount of One Hundred Dollars $100.00 (hereinafter referred to as the "Deposit") to The Xxxxx Law Firm, LLC, 00 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxx 00000, which firm shall serve as the "Escrow Agent" pursuant to the terms of this Agreement. The Escrow Agent is directed to hold the Deposit as escrowed funds in an FDIC insured, non-interest-bearing account (the "Account"), at Xxxxxx Community Bank, Brooksville, Florida. Seller and Xxxxx Buyer hereby agree to hold Escrow Agent harmless for any loss of escrowed funds, including the Deposit and interest earned thereon, for any reason whatsoever or for loss of interest caused by any delay in the deposit or early withdrawal of the Deposit from the Account; provided, however, that Escrow Agent shall be liable for its fraud, willful misconduct and gross negligence. In the event that the transaction contemplated by this Agreement is closed on the Closing Date (as hereinafter defined), the Deposit shall be released by Escrow Agent to Seller at Closing (as hereinafter defined) and shall be applied to amounts owed to Seller by Buyer. In the event that the Closing is not held on the Closing Date, Escrow Agent shall pay the Deposit to Buyer or Seller, as the case may be, in accordance with the provisions of this Agreement. The enforceability of this Agreement is wholly contingent upon the approval of this Agreement by the Sumter County Board of County Commissioners and execution by the Chairman of that Board evidencing such approval after a properly noticed public hearing, as mandated by Chapter 125.355, Florida Statutes. However, all dates and timelines herein shall run from the Execution Date. For purposes of this Agreement, the “Execution Date” is the date this Agreement is executed by the County Administrator and the Buyer, whichever is later). Should the Board of County Commissioners fail to approve this Agreement, XxxxxBuyer’s deposit shall be returned in full and Buyer shall have no further obligations hereunder.

Deposit Payment. Concurrent with the execution of this Agreement by the Buyer and as consideration for this Agreement, Buyer shall deliver its check in the amount of One $500.00 _Five Hundred Dollars $100.00 ($ ,000.00) (hereinafter referred to as the "Deposit") to The Xxxxx Law Firm, LLC, 00 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxx 00000, which firm shall serve as the "Escrow Agent" pursuant to the terms of this Agreement. The Escrow Agent is directed to hold the Deposit as escrowed funds in an FDIC insured, non-non interest-bearing account (the "Account"), at Xxxxxx Community Bank, Brooksville, Florida. Seller and Xxxxx Buyer hereby agree to hold Escrow Agent harmless for any loss of escrowed funds, including the Deposit and interest earned thereon, for any reason whatsoever or for loss of interest caused by any delay in the deposit or early withdrawal of the Deposit from the Account; provided, however, that Escrow Agent shall be liable for its fraud, willful misconduct and gross negligence. In the event that the transaction contemplated by this Agreement is closed on the Closing Date (as hereinafter defined), the Deposit shall be released by Escrow Agent to Seller at Closing (as hereinafter defined) and shall be applied to amounts owed to Seller by Buyer. In the event that the Closing is not held on the Closing Date, Escrow Agent shall pay the Deposit to Buyer or Seller, as the case may be, in accordance with the provisions of this Agreement. The enforceability of this Agreement is wholly contingent upon the approval of this Agreement by the Sumter County Board of County Commissioners and execution by the Chairman of that Board evidencing such approval after a properly noticed public hearing, as mandated by Chapter 125.355, Florida Statutes. However, all dates and timelines herein shall run from the Execution Date. For purposes of this Agreement, the “Execution Date” is the date this Agreement is executed by the County Administrator and the Buyer, whichever is later). Should the Board of County Commissioners fail to approve this Agreement, XxxxxBuyer’s deposit shall be returned in full and Buyer shall have no further obligations hereunder.

Deposit Payment. Concurrent with the execution of this Agreement by the Buyer and as consideration for this Agreement, Buyer shall deliver its check in the amount of One Five Hundred Dollars $100.00 500.00 (hereinafter referred to as the "Deposit") to The Xxxxx Law Firm, LLC, 00 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxx 00000, which firm shall serve as the "Escrow Agent" pursuant to the terms of this Agreement. The Escrow Agent is directed to hold the Deposit as escrowed funds in an FDIC insured, non-interest-bearing account (the "Account"), at Xxxxxx Community Bank, Brooksville, Florida. Seller and Xxxxx hereby agree to hold Escrow Agent harmless for any loss of escrowed funds, including the Deposit and interest earned thereon, for any reason whatsoever or for loss of interest caused by any delay in the deposit or early withdrawal of the Deposit from the Account; provided, however, that Escrow Agent shall be liable for its fraud, willful misconduct and gross negligence. In the event that the transaction contemplated by this Agreement is closed on the Closing Date (as hereinafter defined), the Deposit shall be released by Escrow Agent to Seller at Closing (as hereinafter defined) and shall be applied to amounts owed to Seller by Buyer. In the event that the Closing is not held on the Closing Date, Escrow Agent shall pay the Deposit to Buyer or Seller, as the case may be, in accordance with the provisions of this Agreement. The enforceability of this Agreement is wholly contingent upon the approval of this Agreement by the Sumter County Board of County Commissioners and execution by the Chairman of that Board evidencing such approval after a properly noticed public hearing, as mandated by Chapter 125.355, Florida Statutes. However, all dates and timelines herein shall run from the Execution Date. For purposes of this Agreement, the “Execution Date” is the date this Agreement is executed by the County Administrator and the Buyer, whichever is later). Should the Board of County Commissioners fail to approve this Agreement, Xxxxx’s deposit shall be returned in full and Buyer shall have no further obligations hereunder.

Deposit Payment. Concurrent with the execution of this Agreement by the Buyer and as consideration for this Agreement, Buyer shall deliver its check in the amount of One Five Hundred Dollars $100.00 ($ ,500.00) (hereinafter referred to as the "Deposit") to The Xxxxx Law Firm, LLC, 00 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxx 00000, which firm shall serve as the "Escrow Agent" pursuant to the terms of this Agreement. The Escrow Agent is directed to hold the Deposit as escrowed funds in an FDIC insured, non-non interest-bearing account (the "Account"), at Xxxxxx Community Bank, Brooksville, Florida. Seller and Xxxxx Buyer hereby agree to hold Escrow Agent harmless for any loss of escrowed funds, including the Deposit and interest earned thereon, for any reason whatsoever or for loss of interest caused by any delay in the deposit or early withdrawal of the Deposit from the Account; provided, however, that Escrow Agent shall be liable for its fraud, willful misconduct and gross negligence. In the event that the transaction contemplated by this Agreement is closed on the Closing Date (as hereinafter defined), the Deposit shall be released by Escrow Agent to Seller at Closing (as hereinafter defined) and shall be applied to amounts owed to Seller by Buyer. In the event that the Closing is not held on the Closing Date, Escrow Agent shall pay the Deposit to Buyer or Seller, as the case may be, in accordance with the provisions of this Agreement. The enforceability of this Agreement is wholly contingent upon the approval of this Agreement by the Sumter County Board of County Commissioners and execution by the Chairman of that Board evidencing such approval after a properly noticed public hearing, as mandated by Chapter 125.355, Florida Statutes. However, all dates and timelines herein shall run from the Execution Date. For purposes of this Agreement, the “Execution Date” is the date this Agreement is executed by the County Administrator and the Buyer, whichever is later). Should the Board of County Commissioners fail to approve this Agreement, XxxxxBuyer’s deposit shall be returned in full and Buyer shall have no further obligations hereunder.