Proposal Deposit Clause Samples
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Proposal Deposit. A deposit in the amount of ONE THOUSAND AND NO/100 DOLLARS ($1,000.00) must be submitted with the proposal. DO NOT SEND CASH. Deposits must be in the form of a cashier’s check or money order, made payable to the University of Alaska. Deposits shall be held up to NINETY (90) DAYS following receipt of the proposal. Deposits for successful Proposers shall be applied towards the security/performance deposit upon execution of a lease agreement. Deposits shall be returned to unsuccessful Proposers within that NINETY (90) DAY period.
Proposal Deposit. Customer will pay to Boeing a Proposal Deposit (less any deposit previously paid pursuant to Section 7.1) for each Rights Aircraft purchased pursuant to the exercise of such Purchase Right. [*CTR*] For purposes of this Section 7.2 and Section 6.1, a Purchase Right shall be deemed to be exercised: (a) in the case of an 6-1162-AKP-075R1 SA-35 MADP Right, on the date of Customer’s MADP Exercise Notice; [*CTR*] Boeing will apply such Proposal Deposit to the Aircraft Price of the Rights Aircraft pursuant to and in accordance with the Applicable Purchase Agreement.