Developer Deposit definition

Developer Deposit means the payment made by Developer as specified in Section

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Developer Deposit means the $2,500,000 good faith deposit to be provided by Developer pursuant to Section 2.2, to be released to County and either credited against the Purchase Price at the Closing or refunded in full or in part to Developer as provided in Section 5.3 in the event of termination of this Agreement prior to Closing.

Developer Deposit means Five Hundred Dollars ($500.00), or the purchase price of the Property, as further described in Article 4.

Examples of Developer Deposit in a sentence

To the extent such charges and fees incurred for the Proposed Development exceed or are projected to exceed the amount of the Developer Deposit as specified above, the WTCPUA shall invoice Developer for such additional amounts and payment by Developer shall be due upon its receipt of such invoice.
Any funds remaining in the Developer Deposit not used by the WTCPUA shall be reimbursed to Developer upon the commencement of service in accordance with Article IV.
Any interest accrued by the Developer Deposit will be returned to the Developer upon issuance of a Certificate of Completion unless subject to Section 6.18.
The City may promptly deposit the Developer Deposit in an interest-bearing account.
If the Developer Deposit, as the term is defined in Section 10 below, is not provided to the City within the time required in Section 10 below, the City shall have the right to use the Developer Surety posted for the costs of constructing the Project.
The Developer Deposit may be made in the form of a cashier’s check, certified check, or any other form that is acceptable to the Agency’s Executive Director, naming the Agency as Payee thereon, as applicable, to ensure that Developer proceeds diligently and in good faith to negotiate and perform all of the Developer’s obligations under this ENA.
Nothing in this paragraph shall be construed as limiting the County’s right to retain the Developer Deposit and receive the Liquidated Damages Amount in response to any other uncured Developer Default.
The good faith deposit provided by the Developer in the amount of One Hundred Thousand Dollars ($100,000), and all interest that is earned on the Developer Deposit.
The Developer shall deposit the Developer Deposit with Escrow Holder.
Prior to the execution of this ENA by the Agency, the Developer shall submit a good faith deposit to the Agency in the amount of $25,000.00 (Developer Deposit).

More Definitions of Developer Deposit

Developer Deposit means the Developer Initial Deposit and the Developer Final Deposit.

Developer Deposit means Ten Thousand Dollar ($10,000) advanced by Developer to the Authority, such deposit to be delivered directly to the Authority within fifteen (15) days of the Effective Date. The Developer Deposit shall be nonrefundable except as set forth in Section 301.2, in which event the deposit is subject to refunding. The Developer Deposit shall be applied to the applicable Base Purchase Price of the first Phase.

Developer Deposit means the sum of Developer First Deposit and Developer Second Deposit in the total amount of Three Million Five Hundred Thousand Dollars ($3,500,000). the Developer Deposit shall be nonrefundable but applicable toward payment of the Base Purchase Price as more fully set forth in Section 301.2 of this Agreement.

Developer Deposit shall have the meaning set forth in Section 3.8 of this Agreement.