Initial Down Payment definition
Examples of Initial Down Payment in a sentence
Tenant understands that occupancy dates are not reserved or confirmed until Licensor receives the Initial Down Payment.
The "REPURCHASE PRICE" for an Ineligible Account (a "REPURCHASED ACCOUNT") shall be equal to (i) the sum of the Initial Down Payment for such Account plus the amount of Purchaser's discount fees for such Account accrued through the date of Provider's repurchase of such Account, less (ii) any amount collected by the Purchaser with respect to such Ineligible Account.
In the event the Purchaser fails to pay the accepted bid price, the Seller, at its option, may consider the Initial Down Payment as liquidated damages for default in this Purchase Agreement.
Purchaser shall pay to the Provider the Initial Down Payment for the applicable Purchased Accounts on the Weekly Closing Date, less the Purchaser's minimum discount fee.
The Initial Down Payment, and so much of sums as may have been so deposited with Escrow Agent at any given time, together with any interest accrued thereon, is hereinafter referred to as the "▇▇▇▇▇▇▇ Money." The ▇▇▇▇▇▇▇ Money, together with interest earned thereon, shall be returned to AEGIS at Closing or, if this Agreement is terminated prior to Closing, to the party or parties entitled to receipt of the ▇▇▇▇▇▇▇ Money as otherwise provided hereunder.
If, upon a material condemnation or casualty prior to the end of the Review Period, Purchaser elects to terminate this Agreement, the Initial Down Payment shall be returned to Purchaser by the Seller, in which event this Agreement shall, without further action of the parties, become null and void and neither party shall have any further rights or obligations under this Agreement.
Unless otherwise agreed by Licensor, the Initial Down Payment shall be paid via Visa, MasterCard, Debit card (“Major Credit Card”) or Amex.
Uni-CHEM shall pay to Spire a non-refundable Initial Down Payment of USD Two Million US Dollars (US$2,000,000) ("Initial Down Payment") on or before September 10th, 2009.
If Purchaser determines that the Property is unsuitable for its purposes and notifies Seller of such decision within the Review Period (or if Purchaser fails to deposit the Final Down Payment by expiration of the Review Period), the Initial Down Payment shall be returned to Purchaser, at which time this Agreement shall be null and void and neither party shall have any further rights or obligations under this Agreement, except those which by their terms expressly survive such termination.
The Customer may at any time request from DJFZ a schedule of the Initial Down Payment Percentage applicable at that time.