Deposit #2 definition

Deposit #2 as defined in Section 2.1 19.15 "Due Diligence Date" as defined in Section 6.1 19.16 "Due Diligence Materials" as defined in Section 6.2 19.17 "Due Diligence Period" as defined in Section 6.1 19.18 "Effective Date" as defined in the first paragraph. 19.19 "Escrow" as defined in Section 4.1 19.20 "Future Commission Obligations" as defined in Section 14.2 19.21 "Improvements" as defined in Section 1.1.2 19.22 "Intangible Property" as defined in Section 1.3 19.23 "LFC" as defined in Section 17.17
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Deposit #2 and together with Deposit 1, the “Deposit”). Buyer shall deposit the Deposit in the escrow with Republic Title of Texas, Inc., Attn: M▇▇▇▇ M▇▇▇▇▇▇▇ ▇▇▇▇▇, 2▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, 10th Floor, Dallas, Texas 75204, Email: m▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, Telephone: (▇▇▇) ▇▇▇-▇▇▇▇ (“Escrow Holder”). All sums constituting the Deposit shall be held in an interest-bearing account as directed by B▇▇▇▇, and interest accruing thereon shall be held for the account of Buyer. If the sale of the Property as contemplated hereunder is consummated, the Deposit plus interest accrued thereon shall be credited against the Purchase Price. If the sale of the Property is not consummated because of the failure of any condition precedent or S▇▇▇▇▇’s default hereunder, then the Deposit plus interest accrued thereon shall immediately be returned to Buyer. If the sale is not consummated because of B▇▇▇▇’s default hereunder, $250,000 shall be paid to Seller as liquidated damages and not as a penalty, from the Deposit, and the balance of the Deposit shall be returned to the Buyer.
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Examples of Deposit #2 in a sentence

  • Specifically, 1 Star = $600 Deposit 2 Stars = $300 Deposit 3 Stars = No Deposit Required.

  • The "DEPOSIT" shall refer to the sum of the Deposit #1 and Deposit #2 as each of said amounts are received by Escrow.

  • Deposit #1 and Deposit #2 as each of said amounts are received by escrow shall be referred to as the “Deposit”.

  • Tuition Deposit (2 weeks) – applied to last two weeks of care following termination notice.

  • Subsequent deposits shall be made on the following schedule: - Deposit 2 on or before January 15, 2022 - Deposit 3 on or before March 15, 2022 - Deposit 4 on or before June 15, 2022 These deposits are intended to cover work performed by the City and its consultants as defined in Exhibit B for Fiscal Year 2021/2022.

  • Section 2.1. Agreement to Sell and Purchase 1 Section 2.2. Purchase Price 1 Section 2.3. Closing Date 1 Section 2.4. Seller Provided Income Support 1 ARTICLE 3 Deposit 2 Section 3.1. Deposit 2 Section 3.2. Additional Deposit.

  • Storage fee (per week) Deposit (2 x wk storage fee) Bond (2 x wk storage fee) Padlock / Swipe Tag Other: TOTAL – initial payment payable prior to access Unit Total payable prior to access to Unit by: Cheque Credit Cash $.......................

  • A refund of 100% of Deposit #1 of $600 and Deposit #2 of $1,400 will be granted for cancellations received from June 15, 2022 to July 15, 2022.

  • Pre-sale requirements shall include (but not be limited to):  a fully signed Agreement of Sale;  Deposit 1 and Deposit 2 paid to the Transferring Attorneys; and  payment of the balance of the purchase price fully secured by approval of a mortgage loan (if applicable).

  • The failure of Buyer to timely deliver Deposit #1 or Deposit #2 to the Escrow Holder shall entitle Quantum, at Quantum’s sole option, to terminate this Agreement immediately by giving written notice of such termination to Buyer, Seller, and the Escrow Holder, whereupon the Deposits (if any) shall be refunded to Buyer.

Related to Deposit #2

  • Deposit Taker means the licensed deposit taker detailed in the relevant Addendum.

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

  • Deposit Holder means _________ (state name and location of Deposit Holder) or, if left blank, the Sellers' Bank, which shall hold and release the Deposit in accordance with this Agreement.

  • Deposit Amount is the amount GLAIC credits to the Accumulation Fund on the Deposit Date as set forth in the Accumulation Fund Schedule.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.