Examples of Indemnity Deposit in a sentence
We can discuss how to find micro‐hydro power consistent with the Chapter 3 policiesof the Coastal Act.Commented [TG96]: Refer to Comment 4d, page 6, of our 7/5/19 letter to the City.
Where an Indemnity Deposit and/or a Security Deposit has been paid to the Town and remains unclaimed for a period of seven years, the Treasurer of the Town may transfer to the general funds of the Town, any such Indemnity Deposit and/or Security Deposit against which no claim has been made, free of and from any and all claims whatsoever.
Following the use of the property or infrastructure or the completion of the construction or demolition in respect of which an Indemnity Deposit has been paid and, upon request of the person who paid the Indemnity Deposit to the Town, the Indemnity Deposit, less any costs and expenses of remediating or repairing any damage to Town property or infrastructure, shall be refunded by the Town.
Seller shall have delivered its duly executed signature page counterparts to the Assignment Agreement, the Indemnity Deposit Escrow Agreement, and the Title Defect Deposit Escrow Agreement, if required, to Buyer.
Buyer shall have delivered its duly executed signature page counterparts to the Assignment Agreement, the Indemnity Deposit Escrow Agreement, and the Title Defect Deposit Escrow Agreement, if required, to Seller.
Any claims (other than claims with respect to [Omitted] pursuant to [Omitted] shall be recoverable solely and exclusively from and to the extend of amounts available under the Indemnity Deposit Escrow Account.
If a Buyer Indemnified Party is entitled to indemnity under Section 9.1(b) of this Agreement, any such claim (including any claim pursuant to Section 4.7(viii)) shall be satisfied solely and exclusively against the Indemnity Deposit Escrow Account.
Therefore, except for the Excepted Matters, the maximum aggregate liability of Seller under Section 9.1(b) of this Agreement shall not exceed the Indemnity Deposit, and the Buyer Indemnified Parties shall have no further right to indemnity thereunder at such time as all funds have been disbursed from the Indemnity Deposit Escrow Account.
Buyer agrees to pay to the Escrow Agent, at the Closing, in cash by wire transfer of immediately available funds (i) the Indemnity Deposit for deposit to the Indemnity Deposit Escrow Account and (ii) any Title Defect Deposit for deposit into the Title Defect Deposit Escrow Account.
Delegated authority be given to the Monitoring Officer to make any consequential amendments to the Constitution that may be required.