Deposit Release definition

Deposit Release has the meaning set forth in Section 10.3(a).
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Deposit Release means the sum of Ten Thousand Nine Hundred Ninety-Seven Dollars and Forty Cents ($10,997.40) of the Deposit.
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Examples of Deposit Release in a sentence

  • Seniority in 1-5 above shall mean a regular route bus drivers’ length of continuous service since the date of his or her employment.

  • In connection with and in advance of any Exchange Closing, the Purchaser shall deliver a Deposit Release Notice (as defined in the Escrow Agreement) to the Escrow Agent to release the applicable certificates (or through delivery by electronic book entry form) representing the Company Shares and the Proceeds, in each case, required to be delivered to the Purchaser as set forth on the applicable Exchange Notice in connection with such Exchange under Sections 2(b) and 2(c), as applicable.

  • If such release does not occur on or prior to the Bond Deposit Release Date, on the day following the Bond Deposit Release Date, Buyer will pay to Seller an amount equal to the Bond Deposit in exchange for the transfer by Seller to Buyer of all of Seller’s rights to and interests in the Bond Deposit.

  • Notwithstanding any provision of the Purchase Agreement to the contrary, the first Deposit Release (i.e., $10,245) shall be released to Seller by the Title Company on February 10, 2012.

  • Release Request must include Beneficiary’s specific delivery instructions and non- refundable payment of $200 Canadian Dollars, the Deposit Release Fee.

  • On the same date that this Lease is executed, the Landlord and Tenant have executed a document titled “Termination of Sales Contract Deposit Release and Directive Agreement” terminating the contract pursuant to which the Tenant had agreed to purchase the Property (the “Sales Contract”).

  • Notwithstanding anything set forth in this Agreement to the contrary, the Escrow Agent shall deliver the Financing Deposit, together with any interest or other earnings with respect thereto, to HealthSpring within three (3) business days in the event the Agreement is terminated for any reason prior to the satisfaction of the Deposit Release Condition.

  • If Buyer fails to respond to Seller’s request for approval of the Farm Closing Documents for all of the Deposit Release Farms within three (3) business days of the delivery of all of the Farm Closing Documents to Buyer, Buyer shall be deemed to have approved the Farm Closing Documents.

  • Upon receipt of a Deposit Release Request, Escrow Agent will promptly notify the other party (the “Non-Noticing Party”) in writing of its receipt of a Deposit Release Request, together with a copy of the Deposit Release Request (such notice from Escrow Agent, the “Escrow Notice”).

  • Simultaneously with Purchaser's delivery of the Additional Deposit, the Escrow Agent shall immediately release in Good Funds to Seller $50,000.00 of the Additional Deposit ("Release Deposit"), and such Release Deposit shall be non-refundable to Purchaser under all circumstances and shall be credited against the Purchase Price at Closing.

Related to Deposit Release

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

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).