Fourth Deposit Clause Samples

Fourth Deposit. Provided Buyer has not delivered the Termination Notice (as defined below) prior to the expiration of the Inspection Period, within one hundred twenty (120) days after the Effective Date, the Buyer shall deliver to the Escrow Agent a fourth deposit in the amount of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000.00) (the "Fourth Deposit"). The Initial Deposit, Second Deposit, Third Deposit and Fourth Deposit shall be held in an interest bearing account and collectively shall be referred to as the "Deposit". The Deposit shall be held by the Escrow Agent in an interest bearing account and disbursed in accordance with the terms and conditions of this Agreement. Except in the event of a Buyer Default (as defined below), all interest shall accrue to Buyer. At Closing, the Deposit shall be credited against the Purchase Price and wire transferred to Seller by the Escrow Agent.
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Fourth Deposit. 15% of the Purchase Price equivalent to USD$ The “Fourth Deposit” equivalent to fifteen percent (15%) of the Purchase Price shall be due by the Purchaser to the Escrow Agent once Ceiling Structure Completion Milestone (as defined in Section 5c) is completed (as defined in Section 5(c) below), which shall be duly certified by Inspector by means of the corresponding Construction Milestone Certificate (as defined in Section 5c). This Fourth Deposit shall be released by Escrow Agent to Seller immediately upon receipt by the Escrow Agent and at the instruction of the Seller.
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Fourth Deposit. 10% of the Purchase Price equivalent to USD$ The “Fourth Deposit” equivalent to ten percent (10%) of the Purchase Price shall be due by the Purchaser to the Escrow Agent one hundred and eighty (180) calendar days following the signing date of this purchase and sale agreement. This Fourth Deposit shall be released by Escrow Agent to Seller immediately upon receipt by the Escrow Agent and at the instruction of the Seller. Balance: 50% of the Purchase Price equivalent to USD$ The “Balance” equivalent to fifty percent (50%) of the Purchase Price shall be due by the Purchaser to the Escrow Agent upon receipt of (i) the Closing Notice (as defined in Section 4(d) below) by Seller and (ii) the Substantial Completion Milestone Certificate issued by the Inspector and sent by Seller. This Balance deposit shall be released by Escrow Agent to Seller only at Closing.
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Fourth Deposit. 10% of the Purchase Price equivalent to USD$ The “Fourth Deposit” equivalent to ten percent (10%) of the Purchase Price shall be due by the Purchaser to the Escrow Agent once Roofing Structure Completion Milestone (as defined in Section 5c) is completed (as defined in Section 5(c) below), which shall be duly certified by Inspector by means of the corresponding Construction Milestone Certificate (as defined in Section 5c). This Fourth Deposit shall be released by Escrow Agent to Seller immediately upon receipt by the Escrow Agent and at the instruction of the Seller. Balance: 50% of the Purchase Price equivalent to USD$ The “Balance” equivalent to fifty percent (50%) of the Purchase Price shall be due by the Purchaser to the Escrow Agent upon receipt of (i) the Closing Notice (as defined in Section 4(d) below) by Seller and (ii) the Substantial Completion Milestone Certificate issued by the Inspector and sent by Seller. This Balance deposit shall be released by Escrow Agent to Seller only at Closing.
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Fourth Deposit. The Lessee hereby delivers a deposit to HelpMadrid the amount of euros, equivalent to the amount of one and half month rent, set for the previously detailed room in the Second Clause, giving HelpMadrid the strongest payment letter. The mentioned deposit is set to guarantee the commitment of all obligations assumed by Lessee under this Agreement and to that end may be applied. The existence of the deposit will never serve as a pretext for delaying payment of the room or any of the quantities that the Lessee has assumed nor will in any case serve as compensation payment from the last month. FIFTH- Condition and use of the apartment. The TENANT reports receiving the room leased in perfect condition and habitability, pledging to keep it in perfect condition and agrees to leave the apartment in the same condition as received. The tenant has 72 hours from the date of issuance of the contract to communicate any damage found in the apartment, update HelpMadrid on new inventory, and have it fixed it if necessary. After this time, any damage to furniture, fittings and floor objects are borne by the tenant. The TENANT will use the room and common areas exclusively as his/her residence, and will not be permitted to sublet or assign the room to others, or designate it as commercial use to other parties. Any type of collective event from 23.00 is expressly prohibited and shall constitute a penalty which may go to the loss of the whole deposit, and the immediate termination of the contract, which would entail the abandonment of the room and the payment of any debt, without prejudice to claim other damages for the inconvenience caused. In case of visits THE TENANT agrees to communicate to HelpMadrid, and if those visits are approved and go overnight, they must do so exclusively on the tenant’s room. Under no circumstances can other rooms or common areas be used for overnight stays; always being banned permits for people evicted by HelpMadrid from this property or another. Breach of this rule will lead to the loss of the full warranty and the termination of the contract immediately. The maximum capacity of the floor is 5 additional people to the number of tenants in the flat. The presence of more people than indicated here during night hours shall be considered party, whatever it might be: meeting, food, visits or others.
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Fourth Deposit. 15% of the Purchase Price equivalent to USD$ The “Fourth Deposit” equivalent to fifteen percent (15%) of the Purchase Price shall be due by the Purchaser to the Escrow Agent one hundred and eighty (180) calendar days following the signing date of this purchase and sale agreement. This Fourth Deposit shall be released by Escrow Agent to Seller immediately upon receipt by the Escrow Agent and at the instruction of the Seller.
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Related to Fourth Deposit

  • Good Faith Deposit Borrower has paid to Bank a deposit of Twenty Thousand Dollars ($20,000) (the “Good Faith Deposit”) to initiate Bank’s due diligence review process. Any portion of the Good Faith Deposit not utilized to pay Bank Expenses will be applied to the Facility Fee.

  • 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.

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • 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.

  • BIDDING DEPOSIT Subject to Clause 5.1 below, all intending bidders shall deposit with the Auctioneer, prior to the auction sale, a bank draft or cashier’s order drawn in favour of AmBank (M) Berhad for the a/c of IKHMAS JAYA SDN BHD, a Bidding Deposit equivalent to ten per cent (10%) of the Reserve Price or a minimum of RM2,000.00 whichever is higher. Online Bidders are subject to the provisions of Clause(s) 2.4, 2.5 and 2.6 of the Terms and Conditions on ▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇ for the manner of payment of the deposit.