Down Payment Sample Clauses
Down Payment. The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.
Down Payment. The borrower has contributed at least 5% of the Purchase Price with his/her own funds.
Down Payment. Except as permitted by the Underwriting Guidelines, the source of the down payment with respect to each Mortgage Loan has been fully verified by the Seller;
Down Payment. A down payment in cash of not less that TWENTY PERCENT (20%) of the purchase price shall be paid within ONE HUNDRED FIFTY (150) days of the Determination Date; and
Down Payment. The Down Payment specified in the Payment and Milestone Schedule provided in Appendix 3 shall be due upon receipt of the corresponding invoice from SpaceX following execution of this Agreement and will be paid in accordance with Section 5.2 herein. The Parties acknowledge that the Four Million Five Hundred Thousand dollar ($4,500,000) deposit payment made by Customer to SpaceX pursuant to the Letter Agreement shall be the Down Payment for purposes hereunder.
Down Payment. The down payment paid by the Obligor on each Contract was paid by such Obligor to Seller in the amount and form as set forth on each Contract.
Down Payment. Upon execution of this Agreement by Seller and buyer at the auction upon acceptance of Buyer's bid, Buyer shall deposit with the Escrow Agent an additional amount equal to the difference between ten percent of the purchase price and the amount of the bid deposit. The bid deposit and the amount deposited pursuant to this paragraph shall together constitute the entire down payment of the purchase price.
Down Payment. OWNER shall make a down payment of 10% of CONTRACT PRICE to DESIGN/BUILDER, which shall be applied toward and credited to 10% of each progress payment. The amount of the down payment due hereunder is Eleven Million Eight Hundred Thousand Dollars ($11,800,000). DESIGN/BUILDER acknowledges receipt of the amount of Two Million Dollars ($2,000,000) previously paid by Owner with the delivery of the letter of intent between the parties. This amount has been credited toward the amount of the down payment. An additional amount of Two Million Dollars ($2,000,000) shall be due and payable on the date the OWNER breaks escrow or 90 days after the date of this agreement, whichever comes first,, and upon receipt will be credited toward the amount of the down payment. Upon delivery of the Notice to Proceed, OWNER shall pay the remaining balance of such down payment ($7,800,000) to DESIGN/BUILDER.
Down Payment. BUYER agrees that it initiates the purchasing of the property, claims, mineral and materials listed in Exhibit A herein for the sum of THREE HUNDRED FIFTEEN THOUSAND SEVEN HUNDRED NINETY ONE US DOLLARS AND TWENTY FOUR CENTS (USD315,791.24). Upon the execution of this Agreement by BUYER and SELLER, all Parties including Escrow Holder, will exercise the provisions of SCHEDULE I ("Procedures to Purchase") regarding the Down Payment and subsequent Payments. If this Agreement is terminated, BUYER shall have no obligation to make subsequent payments, but shall not be entitled to any refund of the previous payments.
Down Payment. Upon the execution of this Agreement, SFX shall deposit with the Members the sum of Two Million Four Hundred Seventy-Five Thousand Dollars ($2,475,000) as a down payment (the "Down Payment") toward the Purchase Price (as defined below). The Members shall invest the Down Payment in interest-bearing bank deposits or money market funds. The amount of the Down Payment may be increased pursuant to Section 12(q).