Common use of Ten Percent (10%) Deposit Clause in Contracts

Ten Percent (10%) Deposit. As security for the correct fulfilment of this Agreement the Buyers shall pay a deposit of 10% (ten per cent) of the Purchase Price within three (3) banking days from the date of the Buyers lifting their subject in Clause 17 of this Agreement. This deposit shall be placed with Sellers nominated bank in London and held by them in a joint interest bearing account for the Sellers and the Buyers, to be released in accordance with joint written instructions of the Sellers and the Buyers. Interest, if any, to be credited to the Buyers. Any fee charged by the bank for holding the said deposit and closing shall be borne equally by the Sellers and the Buyers.

Ten Percent (10%) Deposit. As security for the correct fulfilment fulfillment of this Agreement the Buyers shall pay a deposit of 10% (ten per cent) of the Purchase Price within three (3) banking days from the date of the Buyers lifting their subject in Clause 17 of this Agreement. This deposit shall be placed with Sellers nominated bank in London and held by them in a joint interest bearing account for the Sellers and the Buyers, to be released in accordance with joint written with instructions of the Sellers and the Buyers. Interest, interest, if any, to be credited to the Buyers. Any fee charged by the bank for holding the said deposit and closing shall be borne equally by the Sellers and the Buyers.

Ten Percent (10%) Deposit. As security for the correct fulfilment fulfillment of this Agreement the Buyers shall pay a deposit of 10% (ten per cent) of the Purchase Price within three (3) banking days from the date of the Buyers lifting their subject in Clause 17 of this Agreement. This deposit shall be placed with Sellers nominated bank in London and held by them in a joint interest bearing account for the Sellers and the Buyers, to be released in accordance with joint written instructions of the Sellers and the Buyers. Interest, if any, to be credited to the Buyers. Any fee charged by the bank for holding the said deposit and closing shall be borne equally by the Sellers and the Buyers.

Ten Percent (10%) Deposit. As security for the correct fulfilment fulfillment of this Agreement the Buyers shall pay a deposit of 10% (ten per cent) of the Purchase Price within three (3) banking days from the date of the Buyers lifting their subject in Clause 17 of this Agreement. This deposit shall be placed with Sellers nominated bank in London London. and held by them in a joint interest bearing account for the Sellers and the Buyers, to be released in accordance with joint written instructions of the Sellers and the Buyers. Interest, if any, to be credited to the Buyers. Any fee charged by the bank for holding the said deposit and closing shall be borne equally by the Sellers and the Buyers.