Additional Earnest Money Deposit definition

Additional Earnest Money Deposit means the sum of Four Million and No/100 Dollars ($4,000,000.00) which Additional Earnest Money Deposit shall become part of the Earnest Money Deposit under this Agreement and to be held by Escrow Agent pursuant to the terms of the Earnest Money Escrow Agreement. The Additional Earnest Money Deposit shall be nonrefundable except as expressly provided in this Agreement.
Sample 1

Examples of Additional Earnest Money Deposit in a sentence

  • This Additional Earnest Money Deposit should be equal to the difference between the bid amount quoted by bidder and the cost of the work mentioned in the Notice Inviting Bids.

  • The Initial Earnest Money Deposit, the Additional Earnest Money Deposit and any other earnest monies paid or required to be paid in connection with this transaction, collectively the “Earnest Money Deposit”, shall be deposited and held in escrow by Escrow Agent until Closing, at which time it will be credited to Buyer, or until this Contract is otherwise terminated.

  • The Additional Earnest Money Deposit shall be paid to the Esxxxx Xxent within five (5) days after the expiration of the Due Diligence Period.

  • If Buyer terminates the Contract prior to the expiration of the Due Diligence Period (defined in Paragraph 1(j)), Buyer may obtain a refund of the Earnest Money Deposit and any Additional Earnest Money Deposit paid prior to the expiration of the Due Diligence Period, but not any Due Diligence Fee.

  • This Additional Earnest Money Deposit should be equal to the difference between the bid amount quoted by Bidder and the amount of the work mentioned in the Notice Inviting Bids.

  • The Additional Earnest Money Deposit shall be paid to the Escrow Agent within five (5) xxxx xfter the expiration of the Due Diligence Period.

  • The Additional Earnest Money Deposit #1 shall be non­refundable and shall be credited towards the Purchase Price at Closing or forfeited to the Seller as provided Section 4.A herein.

  • Call800-819-2033(f) ESCROW AGENT: Insert the name of the Escrow Agent designated to hold the Initial Earnest Money Deposit and/or the Additional Earnest Money Deposit, not the name of an individual Broker (unless it is to be held by a Broker who is a sole practitioner).

  • The Additional Earnest Money Deposit shall be paid to the Escrow Agent within five (0) xxys after the expiration of the Due Diligence Period.

  • Seller and Purchaxxx xxxeby agree that Section 9.2.2 of the Agreement is hereby deleted and that, notwithstanding anything to the contrary set forth in the Agreement, Purchaser shall have no obligation to deposit the Additional Earnest Money Deposit in the Title Escrow.

Related to Additional Earnest Money Deposit

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Escrow Deposit shall have the meaning set forth in Section 2.2(a).

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Capitalized Interest Account Initial Deposit means $1,022,277.35 deposited on the Closing Date.

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Indemnity Escrow Amount means $3,000,000.

  • Closing Payment has the meaning set forth in Section 2.2(a).

  • Retained Amount means the present value (as determined in accordance with sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of the Total Benefits net of all federal, state and local taxes imposed on Executive with respect thereto.

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

  • Delta Payment means as it is described in this Agreement.