Initial Deposit definition
Initial Deposit shall have the meaning set forth in Section 2.5(a).
Initial Deposit means the amount of all collections made on the Mortgage Loans from the Cut-Off Date to and excluding the Closing Date.
Initial Deposit means $0.00.
Examples of Initial Deposit in a sentence
If Purchaser fails to timely deposit the Initial Deposit with Escrow Agent, Seller shall be entitled, as Seller’s sole and exclusive remedy, to terminate this Agreement by written notice to Purchaser at any time before the Initial Deposit is delivered to Escrow Agent, in which event neither party shall have any obligations hereunder, except those which expressly survive a termination of this Agreement.
Upon receipt of the Initial Deposit, Escrow Agent shall release a portion of the Initial Deposit to Seller in an amount equal to Fifty Dollars ($50.00) representing the independent consideration for Seller’s execution of this Agreement and agreement to provide Purchaser with the Study Period (which shall not be a part of the Deposit).
More Definitions of Initial Deposit
Initial Deposit. Shall have the meaning given to it in Section 3.1(a).
Initial Deposit has the meaning given in Section 2.2.1.
Initial Deposit means the Transferor’s deposit to the Reserve Fund, on or before the Closing Date, of $[___].
Initial Deposit means the initial deposit by the Depositor and the Administrative Agent of $1,000 into the Up-MACRO Holding Trust in connection with the formation thereof.
Initial Deposit means the initial amount to be paid into the Project Account pursuant to Section 3.04 (b) of this Agreement;
Initial Deposit means the deposit referred to in Section 3.03 (b) of this Agreement;
Initial Deposit shall have the meaning given to such term in Section 2.2(a) hereof.