Extension Deposit definition
Examples of Extension Deposit in a sentence
The Initial ▇▇▇▇▇▇▇ Money Deposit, the Additional Deposit (as defined below in this Section 4.2), and the Evaluation Period Extension Deposit (as hereinafter defined in Section 5.1(b)) shall be held in escrow by the Escrow Agent in an interest-bearing account, in accordance with the provisions of Article XVII.
TIME IS OF THE ESSENCE with respect to the exercise of the option to extend the Evaluation Period and the payment of the Evaluation Period Extension Deposit.
The Evaluation Period Extension Deposit shall be non-refundable to Purchaser except in accordance with Sections 6.3, 9.1, 11.1, 11.2 and 13.1 below but applicable to Purchase Price.
Such de- posits shall at least equal each Extension Deposit re- quired for each whole month remaining in Normal Op- erating Season(s) during the extension period.
If the Note B Holders deliver an Extension Deposit in order to extend the Defaulted A Loan Purchase Date and purchase the Defaulted A Loan in accordance with this Section, such Extension Deposit shall be applied to the Defaulted A Loan Purchase Price at the closing of such purchase.