Earnest Money definition

Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

Earnest Money means 10% of the Reserve Price for each Property.

Earnest Money means 10% of the Total Consideration to be paid by the Applicant as per the Payment Plan for due fulfillment of the terms and conditions of the Application/Buyer’s Agreement.

Examples of Earnest Money in a sentence

• The Fixed Deposit 1 Bank Guarantee or any other form as mentioned in detailed bid call notice in respect of Earnest Money Deposit /Bid Security and the Bank Draft in respect of cost of Bid are to be scanned and up loaded in portable document format (PDF) along with the bid.

• If the Principal has disqualified the Bidder(s) from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent to Earnest Money Deposit/ Bid Security.

• Tenders not accompanied by Earnest Money Deposit will be rejected.

• Earnest Money (as indicated in the corresponding column of the work in the annexed sheet) will be deposited by the bidder electronically: online –through his net banking enabled bank account, maintained at any bank or: offline – through any bank by generating NEFT/ RTGS challan from the e–tendering portal.

• I/We understand and agree that if any of the statement/information revealed by me/us is found to be incorrect and/or untrue, the bid submitted by me/us is liable to be cancelled and in such case the Earnest Money Deposit paid by me/us shall be forfeited by Arcil and Arcil will be at liberty to annul the offer made by me/us at any point of time.

More Definitions of Earnest Money

Earnest Money means 15% of the Basic Sale Consideration of Unit

Earnest Money means 15% of the Total Consideration to be paid by the Applicant as per the Payment Plan.

Earnest Money means money placed with a holder by a prospective buyer of residential real property to show a good-faith intention to perform pursuant to an executed pur- chase and sale agreement.

Earnest Money means 10% of the Total Price, including the booking amount paid by the Applicant(s).

Earnest Money means the booking amount/ booking amount paid alongwith this application.

Earnest Money means 10% of total price of the Unit.

Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter; “Government Authority” means any government, statutory, departmental or public body or authority, including courts of competent jurisdiction; “Indenture of Conveyance” shall have the meaning ascribed to it in Clause 2.2 hereof;