Contract Deposit definition

Contract Deposit means the contract deposit referred to in Clause 22 of the

Contract Deposit means earnest money delivered to a licensee in conjunction with a real estate sales contract after:

Contract Deposit means the deposit as more particularly described in Clause

Examples of Contract Deposit in a sentence

• No claim shall be made against the Balance Contract Deposit after the issue of Defects Liability Certificate.

• In addition to forfeiture of Earnest Money Deposit & Contract Deposit, if any fine is imposed by the Municipal Commissioner the same shall be payable by the contractor immediately on demand, failing which the same shall be recovered from other dues of the Contractor by the Corporation.

• The Contractor/s shall not lend to or borrow from, or have or enter into any monetary dealings or transactions, either directly or indirectly, with any Municipal Employees, and if he / they or any of them shall do so, the Municipal Commissioner shall be entitle to terminate this contract forthwith and forfeit the Earnest Money Deposit / Contract Deposit without prejudice to the other rights and remedies of the Corporation, claim damages from the Contractor/s for the breach of the Contract.

• Notwithstanding the expiry or early termination of the Contract, only upon the expiry of the Guarantee Period will the Contract Deposit (if in the form of cash and if any is remaining) be refunded to the Contractor without interest; or if in the form of a Bank Guarantee, it together with the Advance Payment Bonds and the Parent Guarantee (if any), will be discharged or released.

• In case the Contractor/s shall at any time commit any breach of this covenant then the Earnest Money Deposit / Contract Deposit shall be forfeited to the Corporation and shall be retained by the Corporation as and for liquidated damages.

More Definitions of Contract Deposit

Contract Deposit means the sum of deposit referred to in Clause 21.2 of Part 3 – Terms of Tender and Clause 21 of Part 4 – Conditions of Contract.

Contract Deposit means the Initial Deposit and, if delivered, the Second Deposit and the Third Deposit, as set forth in Section D.2 above.

Contract Deposit means money delivered to a licensed agent as part of an offer to enter a contract for the sale of real property after:

Contract Deposit has the meaning ascribed to such term in Section 2(a)(i) hereof.

Contract Deposit means the deposit as more particularly described in Clause 14 of the Terms of Tender and Clause 17(a) of the Special Conditions of Contract.

Contract Deposit means the amount payable by the Successful Tenderer pursuant to Clause 15 of the Terms of Tender and Clause 19 of the Conditions of Contract;

Contract Deposit means the sum or sums deposited with the Escrow Agent pursuant to paragraph (a) of Section 3.2 hereof and Sections 5.2 and 5.3 hereof.