Deferred Closing Deposit definition
Deferred Closing Deposit means, as of each Closing after the Initial Closing, an amount equal to the lesser of (i) Forty Million U.S. Dollars ($40,000,000) and (ii) ten percent (10%) of the aggregate Unadjusted Purchase Price of the Deferred Properties and Specified Heldback Properties as of such Closing Date after giving effect to the purchase of Properties on such Closing Date.
Deferred Closing Deposit means the lesser of (x) $22,050,000 and (y) an amount equal to product of (1) the sum of the Adjustment Amounts for all Deferred Properties (determined as of the Initial Closing Date) multiplied by (2) 0.1.