Initial Cash Clause Samples
The "Initial Cash" clause defines the amount of money that must be provided or deposited at the outset of an agreement or transaction. Typically, this clause specifies the exact sum, the timing of the payment, and the party responsible for delivering the funds, such as an initial deposit in a purchase agreement or the upfront payment in a service contract. Its core practical function is to ensure that a baseline financial commitment is established at the beginning of the relationship, reducing uncertainty and providing security for the parties involved.
Initial Cash. At the Closing (as defined below), the Buyer shall pay the Stockholders a sum of $1,140,910;
Initial Cash. The initial cash payments described in Section 3.2.
Initial Cash. As of the date hereof, Buyer has paid Stockholder the sum of Two Million One Hundred Ninety One Thousand Six Hundred Sixty Three and 75/100 Dollars ($2,191,663.75) (hereinafter referred to as the “Initial Payment”). The Initial Payment shall constitute consideration under this Agreement and reduce the Purchase Price by Two Million One Hundred Ninety One Thousand Six Hundred Sixty Three and 75/100 Dollars ($2,191,663.75);
Initial Cash. As of the Commencement Date, Owner shall ensure that the available funds in the Operating Account include at least $2,700,000 of cash.
Initial Cash t We compared the US Dollar amount shown in respect of cash security deposits, received from the lessee, on the Data sheet with a corresponding amount shown for the aircraft with the same manufacturer’s serial number on a schedule provided by the Originator with an effective date of July 7, 2015 and found it to be in agreement. ta We compared the US Dollar amount shown in respect of cash security deposits, received from the lessee, on the Data sheet with a corresponding amount shown for the aircraft with the same manufacturer’s serial number on a schedule provided by the Originator with an effective date of July 7, 2015 and noted that the schedule provided indicated cash security deposits, received from the lessee, of US$ 1,710,000. The Originator represented to us that the difference of US$630,000 represents a pre-existing obligation of the Originator to the lessee which is expected to be refunded by the Originator to the lessee, rather than a cash security deposit held in respect of the lessee’s obligations under the lease agreement. We make no further comment on this item.