Closing Deposit definition

Closing Deposit shall have the meaning given to such term in Section 2.2(d) hereof.
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Closing Deposit shall have the meaning specified in Subsection --------------- 5.18.5 hereof.
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Closing Deposit has the meaning ascribed thereto in Section 2.3(a).
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Examples of Closing Deposit in a sentence

  • On Closing, Deposit Payment shall be applied to the purchase price for SMP Refinery.

  • The Closing Deposit for the Property pursuant to Section 2.2(d) hereof.

  • Notwithstanding the foregoing, if Purchaser does not terminate the Agreement, any and all deposits, including the Earnest Money, Additional Deposit, and the Closing Deposit, shall be credited to the Purchase Price at the closing of escrow.

  • In the event Purchaser does not complete Closing and pay the full Purchase Price to Seller on Closing Date, Seller shall return the Earnest Money, Additional Deposit and the Closing Deposit as liquidated damages, in which event this Agreement shall terminate and be null, void and unenforceable and neither party shall have any further liabilities or obligations hereunder.

  • The Purchase Price less the Initial Deposit ("Closing Deposit"), shall be paid by Buyer to Escrow Agent, in the form of Cash, pursuant to Section 7.1 hereof, and distributed by Escrow Agent to Seller on the Closing in accordance with the provisions of Section 12.1(c) hereof.

  • The Closing Deposit for the Property pursuant to Section 2.2(c) hereof.

  • The Closing Deposit for the Property pursuant to Section 2.2(b) hereof.

  • Upon receipt of the funds described in the preceding sentences in this Section 2.2(a), the University shall immediately cancel and return the Closing Deposit and the Cash Deposit (unless such Closing Deposit or Cash Deposit is applied against the Closing Consideration by the University in accordance with Section 2.3(c)), in accordance with the Concessionaire’s instructions).

  • Upon receipt of the Closing Consideration (as adjusted pursuant to the Agreement), the University shall cancel and return the Closing Deposit and Cash Deposit.

  • Closing Deposit Accounts after Insurance Determination FDIC staff indicated during discussions with covered banks an intent for the upgraded IT systems to be capable of “automated closings” of resolved deposit accounts.


More Definitions of Closing Deposit

Closing Deposit means a $652,500 non-refundable deposit, which shall by paid by Buyer to Sellers by wire transfer of immediately available funds to a bank account designated in writing by Sellers, if applicable, pursuant to Section 3.1.
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Closing Deposit means Four Hundred Thousand and no/100 Dollars ($400,000) payable in cash, to be delivered by Buyer pursuant to Section 2.02(a)(ii) and held in escrow in accordance with Article II.
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Closing Deposit shall be as defined in Section 9.14.
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Related to Closing Deposit

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

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

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • 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.

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

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

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

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

  • Qualifying Deposit means the aggregate balance of all Deposit Accounts in the Bank of (i) an Eligible Account Holder at the close of business on the Eligibility Record Date, provided such aggregate balance is not less than $50, and (ii) a Supplemental Eligible Account Holder at the close of business on the Supplemental Eligibility Record Date, provided such aggregate balance is not less than $50.

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

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

  • 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).

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • 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.

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

  • Initial Reserve Account Deposit means $3,000,000.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • the Deposit means 10% of the Purchase Price;

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

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

  • Initial Reserve Account Deposit Amount means an amount equal to $29,411,740.05.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

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

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $3,807,950.53.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

  • 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.