Earnest Money Deposits Sample Clauses

Earnest Money Deposits. Xxxxx has, at the time of signing this ---------------------- Contract, deposited with Seller the sum of $10,000.00 as an initial earnest money deposit. Xxxxxxonally, Buyer has paid $35,235.26 in design and consulting costs which amount shall be credited against the purchase price and against the amount of the required Earnest Money Deposit. Xxxxxx this Contract is sooner terminated pursuant to contingencies expressed in it, Buyer shall deposit with Seller an additional $274,764.74 of earnest money within fixx (0) days following the Loan Commitment deadline. Buyer understands and agrees that Seller will not enter into a contract to construct the improvements unless and until such additional deposit has been made. The initial deposit is non-refundable except in the event of default by the Seller, to compensate Seller for its services and costs incurred in obtaining PUD approval. The additional deposit of $35,235.26 and the additional deposit of $274,764.26 shall be non-refundable except in the event of default by Seller. All of said deposits shall be applied to the Purchase Price at closing.
Sample 1
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Earnest Money Deposits. Xxxxxxser will, upon execution of this Agreement, deposit the sum of $25,000.00 in Earnest Money with Lawyxxx Xxxle of El Paso, Inc. All Earnest Money will herexx xx xonrefundable and deemed immediately earned by Seller.
Sample 1
Earnest Money Deposits. 9.2.1 Withix xxxx (5) days after the execution and delivery of this Agreement, Purchaser shall deposit in the Title Escrow an earnest money deposit in the amount of $100,000 (the "Earnest Money Deposit"). Such deposit shxxx xx deposited in a bank or a money market fund approved by Purchaser in writing and shall only be forfeitable, non-refundable and released to Seller in the event Seller performs its obligations under this Agreement and Purchaser fails to do so. Until such time as the Earnest Money Deposit is returned to Purcxxxxx xr paid to Seller, any interest earned thereon will be for the benefit of Purchaser.
Sample 1
Earnest Money Deposits. Simultaneously with Grove Corporation's execution of this Agreement, Grove Corporation wxxx xxposit, as an initial earnest money deposit (the "Initial Deposit"), in escrow with the Escrow Agent, the sum of Two Hundred Fifty Thousanx Xxxxars ($250,000.00) in the form of a certified or bank check or by wire transfer of immediately available funds. Upon the expiration of the Due Diligence Period (as defined in Section 3 hereof), if Grove Corporation has not terminated this Agreement pursuant to said Section 3, Grove Corporation shall deposit an additional Two Hundred Fifty Thousand Dollars ($250,000.00) (the "Additional Deposit") with the Escrow Agent. Until the Additional Deposit is paid, the Initial Deposit shall be also referred to herein as the "Deposit." When the Additional Deposit has been paid, the Initial Deposit, together with the Additional Deposit, shall be together referred to herein as the "Deposit." The Deposit shall be allocated pro rata among the McNeil Partnerships identified on Schedule 1 based upon the Initial Value ascribed to their respective Propertxxx xx Schedule 2, as set forth in Schedule 2.1
Sample 1
Earnest Money Deposits. Concurrently with the execution xx xxxs Agreement by Buyer, Buyer shall deposit into Escrow as an earnest money deposit the sum of $1,000,000. The earnest moxxx deposit shall be absolutely non-refundable, xxxxxt as otherwise provided in Sections 5.1, 5.2 and 11.2.
Sample 1

Related to Earnest Money Deposits

  • Escrow Deposits All escrow deposits and escrow payments currently required to be escrowed with the Mortgagee pursuant to each Mortgage Loan (including capital improvements and environmental remediation reserves) are in the possession, or under the control, of the Mortgage Loan Seller or its servicer, and there are no delinquencies (subject to any applicable grace or cure periods) in connection therewith, and all such escrows and deposits (or the right thereto) that are required under the related Mortgage Loan documents are being conveyed by the Mortgage Loan Seller to the Depositor or its servicer (or, in the case of a Non-Serviced Mortgage Loan, to the related depositor under the Non-Serviced PSA or Non-Serviced Master Servicer for the related Non-Serviced Trust).

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.”

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • Additional Deposits (a) The Servicer and the Seller, as applicable, shall deposit or cause to be deposited in the Collection Account on the Determination Date on which such obligations are due the aggregate Purchase Amount with respect to Purchased Receivables and the aggregate Sale Amounts with respect to Sold Receivables.

  • Disbursements of Escrow Funds (a) Escrow Agent shall disburse Escrow Funds at any time and from time to time, upon receipt of, and in accordance with, a Joint Written Direction received by Escrow Agent as set forth in Section 15. Such Joint Written Direction will contain Complete Payment Instructions.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Additional Deposit For reasons of administration, the right is reserved to require payment by parents of an additional deposit (Additional Deposit), as shown on the fees list for the relevant year, in the case of a pupil whose normal residence is outside the United Kingdom. The Additional Deposit will be retained in the general funds of the School until the Pupil leaves and will be repaid by means of a credit without interest to the final payment of Fees or other sums due to the School on leaving, unless stated otherwise in these terms and conditions. See also clause 9.8.

  • Security Deposits The Owner hereby grants the Agent power to collect security deposits from the tenants on the Property. Returning said security deposit shall be the responsibility of the: (check one) ☐ - Agent for returning to vacating tenants. ☐ - Owner for returning to vacating tenants.

  • Additional Escrow Amounts On the date of any Purchase Withdrawal, the Pass Through Trustee may re-deposit with the Depositary some or all of the amounts so withdrawn in accordance with Section 2.4 of the Deposit Agreement.

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