Common use of Performance Deposit Clause in Contracts

Performance Deposit. The Buyer shall deliver at Closing a Performance Deposit in the amount of Two Thousand Five Hundred and No/100ths ($2,500.00) Dollars ("Deposit"). The Deposit shall serve as security for the performance of the obligations of the Buyer to complete the Project as provided herein. DCD shall authorize return of the Deposit concurrently with its formal approval of the Certificate of Completion pursuant to Section 7 or shall retain the Deposit as liquidated damages in accordance with the provisions of Sections 7 and 15. No interest shall be paid on the deposit. All or part of the Deposit may be retained by the City if Buyer fails to complete the Project according to the time schedule provided in Section 2.

Performance Deposit. The Buyer shall deliver submit at Closing a Performance Deposit in the amount of Two (10% of Purchase Price or a minimum of One Thousand Five Hundred and No/100ths ($2,500.00$ .00) Dollars ("Deposit"). The Deposit shall serve as security for the performance of the obligations of the Buyer to complete the Project construct as provided hereinhereinafter. DCD shall authorize authorized return of the Deposit concurrently with its formal approval of the Certificate of Completion pursuant to Section 7 or shall retain the Deposit as liquidated damages in accordance with the provisions of Sections 7 and 15. No interest shall be paid on the deposit. All or part of the Deposit may be retained by the City if Buyer fails to complete the Project according to the time schedule provided in Section 2.

Performance Deposit. The Buyer shall deliver submit at Closing a Performance Deposit in the amount of Two Ten Thousand Five Hundred and No/100ths Dollars ($2,500.0010,000.00) Dollars ("Deposit"). The Deposit shall serve as security for the performance of the obligations of the Buyer to complete the Project construct as provided hereinhereinafter. DCD shall authorize authorized return of the Deposit concurrently with its formal approval of the Certificate of Completion pursuant to Section 7 or shall retain the Deposit as liquidated damages in accordance with the provisions of Sections 7 and 15. No interest shall be paid on the deposit. All or part of the Deposit may be retained by the City if Buyer Xxxxx fails to complete the Project according to the time schedule provided in Section 2.

Performance Deposit. The Buyer shall deliver submit at Closing a Performance Deposit in the amount of Two (10% of Purchase Price or a minimum of One Thousand Five Hundred and No/100ths ($2,500.00$ .00) Dollars ("Deposit"). The Deposit shall serve as security for the performance of the obligations of the Buyer to complete the Project construct as provided hereinhereinafter. DCD shall authorize authorized return of the Deposit concurrently with its formal approval of the Certificate of Completion pursuant to Section 7 or shall retain the Deposit as liquidated damages in accordance with the provisions of Sections 7 and 15. No interest shall be paid on the deposit. All or part of the Deposit may be retained by the City if Buyer Xxxxx fails to complete the Project according to the time schedule provided in Section 2.

Performance Deposit. The Buyer shall deliver at Closing a Performance Deposit in the amount of Two Thousand Five Hundred and No/100ths ($2,500.00) Dollars ("Deposit"). The Deposit shall serve as security for the performance of the obligations of the Buyer to complete the Project as provided herein. DCD shall authorize return of the Deposit concurrently with its formal approval of the Certificate of Completion pursuant to Section 7 or shall retain the Deposit as liquidated damages in accordance with the provisions of Sections 7 and 15. No interest shall be paid on the deposit. All or part of the Deposit may be retained by the City if Buyer Xxxxx fails to complete the Project according to the time schedule provided in Section 2.

Performance Deposit. The Buyer shall deliver submit at Closing a Performance Deposit in the amount of Two Thousand Five Hundred and No/100ths (10% of Purchase Price or $2,500.001,000, whichever is greater) ($ .00) Dollars ("Deposit"). The Deposit shall serve as security for the performance of the obligations of the Buyer to complete the Project construct as provided hereinhereinafter. DCD shall authorize authorized return of the Deposit concurrently with its formal approval of the Certificate of Completion pursuant to Section 7 or shall retain the Deposit as liquidated damages in accordance with the provisions of Sections 7 and 15. No interest shall be paid on the deposit. All or part of the Deposit may be retained by the City if Buyer Xxxxx fails to complete the Project according to the time schedule provided in Section 2.