Deposit Consideration definition
Examples of Deposit Consideration in a sentence
The amounts deposited hereunder shall be held by Escrow Agent as a deposit against the Assignment and Deposit Consideration in accordance with the terms and provisions of this Agreement.
The Assignment and Deposit Consideration shall be paid to Assignor on the Assignment Closing Date.
In the event the assignment of the Purchase Agreement to Purchaser hereunder is consummated, then the Assignment Deposit shall constitute a part of and be applied against the Assignment and Deposit Consideration.
By no later than 11:00 a.m. (Eastern Time) on the Assignment Closing Date, Purchaser shall deliver to the Escrow Agent pursuant to the “Assignment Closing Procedure Letter” (as hereinafter defined), the amount (the “Assignment Closing Payment”) by which the Assignment and Deposit Consideration exceeds the then amount of the Assignment Deposit.
As used herein, the “Closing Payment” means (i) the sum of the Cash Consideration and the Arkansas Security Deposit Consideration less (ii) the sum of the DC Lease Payment and the Escrowed Funds.
In the event that the Assignment Deposit exceeds the Assignment and Deposit Consideration, the amount of such excess (the “Refund”) shall be paid to Purchaser at the “Assignment Closing” (as hereinafter defined).