Initiation Deposit definition

Initiation Deposit means any predetermined consideration deposited with or provided to a Private

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Initiation Deposit means the amount of money advanced to the Club by a Full Member. "Member" means a person given rights to use the Club Facilities under these Bylaws.

Initiation Deposit has the meaning set forth in Section 6.1(b).

Examples of Initiation Deposit in a sentence

• This Disaster Initiation Deposit is separate from your payment of our Charges and you may not require us to offset it against your outstanding Charges.

• Restitution shall include the amount of the Membership Initiation Deposit per the Subledger plus ten percent (10%) annual interest from the date of maturity of the Membership Initiation Deposit.

• California Consumers will have the option to decline payment of the annual interest and instead choose to receive only their Membership Initiation Deposit.

• The Disaster Initiation Deposit shall be paid within five (5) working days of our request or submission of the Disaster Notification, whichever is earlier.

• Upon the vesting of the Participant’s right to receive a number of the shares of Common Stock pursuant to Section 3 under this Award Agreement, such shares of Common Stock shall be registered in the name of the Participant and delivered to the Participant not later than the 70th day after the applicable Vesting Date.

• We may, in our absolute discretion, allow you to make payment of the Disaster Initiation Deposit at a later time, however if you do not make payment of the Disaster Initiation Deposit within the stipulated timeframe required by us, then we shall have the right to suspend our Services to you with immediate effect until we receive full payment of the required Disaster Initiation Deposit.