Final Deposit Sample Clauses
The Final Deposit clause sets out the requirements and terms for the last payment to be made under an agreement, typically before the completion of a transaction or delivery of goods or services. This clause usually specifies the amount, timing, and conditions under which the final deposit must be paid, such as upon satisfactory inspection or fulfillment of contractual obligations. Its core function is to ensure that both parties are clear on the financial commitments required to finalize the deal, thereby reducing the risk of disputes or delays at the closing stage.
Final Deposit. Upon satisfaction or waiver of Purchaser's condition precedent set forth in Section 10.19, Purchaser shall deliver to Escrow Agent by wire transfer of federal funds a final good faith deposit towards the Purchase Price in the amount of $12,500 (the "Final Escrow Deposit") to be held pursuant to the Escrow Agreement (together, the Initial Escrow Deposit and the Final Escrow Deposit shall be referred to as the "Escrow Deposit").
Final Deposit the deposit of five millions and five hundred thousand Dollars, reduced by, as the case may be, the amount of the Indemnification Escrowed Amount, and/or by the quantified amount of damages claimed by AMTROL, until Completion Date, and which have been accepted by ANTONIO MIRANDA, through writt▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ned by both;
Final Deposit. Upon execution of this Agreement, the Buyer shall transfer to the Seller in immediately available funds the sum of four hundred twenty thousand and 00/100 dollars (US$420,000).
Final Deposit. Buyer shall deliver to its counsel, Bode, Call & S▇▇▇▇▇▇, LLP. ("BCS") into an interest bearing segregated account (the "BCS Escrow Account") via wire transfer, cashier's check or certified check the sum of $400,000 concurrently with and as a condition of the entry of the Sale and Lease Assumption Order (the "Final Deposit") . This Final Deposit shall be
Final Deposit. The Purchaser shall, within two (2) business days of (i) the Purchaser’s Conditions Precedent (as defined below) being satisfied or waived by the Purchaser; and (ii) the satisfaction of the Mutual Condition (as defined below), pay to the Vendor an additional sum of Fifty Thousand Dollars ($50,000) (the “Final Deposit” and together with the Refundable Deposit, the “Deposit”). Subject to Clause 1(f), the Deposit will be non-refundable and paid by way of a cheque or bank draft payable to Colliers ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Inc., in trust, and to be held as contemplated by this Offer; and
Final Deposit. The Final Deposit shall be held by Landlord as security for the performance of Tenant's obligations under this Lease. Upon each occurrence of an Event of Default (hereinafter defined), Landlord may use all or part of the Final Deposit to pay delinquent payments due under this Lease, and the cost of any damage, injury, expense or liability caused by such Event of Default, without prejudice to any other remedy provided herein or provided by law. Tenant shall pay Landlord on demand the amount that will restore the Final Deposit to its original amount. No interest shall accrue on the Final Deposit. Landlord shall not be required to keep all or any part of the Final Deposit separate from its general accounts. Landlord shall be released from any obligation with respect to the Final Deposit upon transfer of this Lease, the Final Deposit, and the Premises to a person or entity assuming Landlord's obligations under this Paragraph 5.
Final Deposit. (a) Buyer shall deliver the Final Deposit to Escrow Holder within forty-eight (48) hours after the Feasibility Date. Escrow Holder shall place the Final Deposit in an interest-bearing account with interest credited to Buyer provided Buyer is not in default of this Agreement.
(b) The Final Deposit shall be applied to the Purchase Price at Closing and shall be non-refundable to Buyer, except as provided in Sections 6.1, 6.2, 10.3(a), 14.1, 15.1(b), and 15.2, and Article XIX.
Final Deposit. If no Early Termination Event has occurred and Buyer fails to deliver the Final Deposit in immediately available funds to the account or accounts designated by the Escrow Agent by 5:00 p.m. EST, on the sixteenth business day following the date of execution of this Agreement. If this Agreement is terminated by Seller pursuant to this Section 9.1(e), the Initial Deposit, held by the Escrow Agent pursuant to the Escrow Agreement, including any interest or other proceeds from the investment of such Initial Deposit, shall be disbursed to or at the direction of Seller; provided however, that the remedies provided under this Section 9.1(e) are cumulative and shall not preclude Seller from seeking any other remedies existing at law, in equity or otherwise.
Final Deposit. Upon issuance of the Approval Order, Buyer will pay Debtor the entire remainder of the Cash Consideration, including any unpaid costs associated with an audit of the Buyer and Seller, if required as a condition of the Merger or to maintain compliance with the rules, regulations and standards of the SEC during the term of this Agreement, and any unpaid fee payable to Seller's prior auditors which may be necessary for certification of an audit of Seller.