Final Deposit definition
Examples of Final Deposit in a sentence
Upon receipt of each of the Initial Deposit and the Final Deposit, the Escrow Agent shall immediately deposit such Deposit into an interest-bearing account.
In either case the Vendor may recover from the Purchaser as a liquidated debt the Final Deposit or any part of it which has not been paid by the Purchaser.
The funds representing the Final Deposit shall also be deposited in the joint order escrow and shall be governed thereby.
As used in this Agreement, the term “Deposit” means, collectively, the Initial Deposit, the Pre-Construction Deposit, the Final Deposit, and any other deposits paid by Buyer toward the Purchase Price pursuant to this Agreement.
Upon delivery of the Final Deposit, Escrow Holder shall immediately release the Final Deposit to Seller.