Phase II Deposit definition

Phase II Deposit as used herein, means the delivery by the Phase II Deposit Date to the Transaction Agent and each of the specified Parties of the documents, instruments, and other items due on or before the Phase II Deposit Date from any of the Parties to any of the other Parties pursuant to this Agreement, duly executed and otherwise in a form and manner that enable the Phase II Provisions to be effective and/or consummated. In addition, on the Phase II Deposit Date, (1) the WWE Parties shall deliver to the Pacific Parties an opinion of counsel in the form attached as Schedule B covering the due authorization of each of the WWE Parties’ execution of this Agreement and that this Agreement is valid and binding upon each of them (provided, however, that no such opinion shall be required on behalf of Eastern Wind if the chief executive officer and the chief financial officer (who, if it has no officers with those exact titles, may be the president and secretary) of Eastern Wind deliver a writing to the Pacific Parties, within the same time period as provided for delivery of the opinion of counsel, certifying that Eastern Wind has been duly authorized by all necessary corporate action to execute this Agreement, and that this Agreement is valid and binding upon Eastern Wind) and (2) the Pacific Parties shall deliver to the WWE Parties an opinion of counsel in the form attached as Schedule C covering the due authorization of each of the Pacific Parties’ execution of this Agreement and that this Agreement is valid and binding upon each of them.
Sample 1Sample 2
Phase II Deposit has the meaning ascribed to it in Section 6.10(a).
Sample 1

Examples of Phase II Deposit in a sentence

  • In the event the Phase II Deposit does not occur for any other reason, the Alliance Agreement shall continue in full force and effect.

  • The Parties wish to terminate the relationship of Verde and PHUS as co- members of Steel Park through a Phase I Closing and to settle all other issues between the Parties through a Phase II Deposit and related procedures, all on the terms and conditions set forth below.

  • ORDER UNDER SUB-SECTION (4) OF SECTION 98 OF CENTRAL GOODS AND SERVICE TAX ACT, 2017 AND UNDER SUB-SECTION (4) OF SECTION 98 OF KARNATAKA GOODS AND SERVICES TAX ACT, 2017 M/s Nforce Infrastructure India Pvt.

  • Table 13-2: Composite Description, Los Helados Phase II Deposit Zone Main Characteristic Table 13-3: Head Grade Chemical Characterization, Los Helados Phase I Sample ID/TestCuT%Fe%S%Aug/tAgg/tMoppmAsppmHgppmUpper zone Table 13-4: Head Grade Chemical Characterization, Los Helados Phase II Sample ID/TestCuT%Cu Sol%Fe%S%Aug/tAgg/tMoppmAsppmHgppm1-7 yearsNote: CuT = total copper; Cu Sol = soluble copper.

  • Within two (2) Business Days following Substantial Completion of Phase III, Purchaser shall deposit with the Title Company an additional $1,000,000, as an additional xxxxxxx money deposit (the “Phase III Deposit”, the Initial Deposit, together with the Phase I Deposit, the Phase II Deposit and the Phase III Deposit, in each case when made pursuant to the terms hereof, is referred to herein collectively as, the “Deposit”).

  • If Seller denies Buyer the right to perform Phase II testing on the Property, Buyer may terminate this Agreement by giving written notice thereof to Seller prior to the expiration of the Due Diligence Period, in which case this Agreement shall terminate and all of the Phase I Deposit, Phase II Deposit and Phase III Deposit, as applicable, shall be returned to Buyer.

  • In accordance with Article I, Buyer shall have delivered to Sellers the Purchase Price less the Tax Escrow Funds, the BVI Escrow Funds and the Phase II Deposit (which Phase II Deposit shall be released to Sellers at Closing).

Related to Phase II Deposit

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Capitalized Interest Account Initial Deposit means $1,022,277.35 deposited on the Closing Date.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

  • Escrow Deposit shall have the meaning set forth in Section 2.2(a).

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

  • Required Reserve Fund Deposit With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Aggregate Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date; provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of Offered Certificates, the Class B1 Certificates and the Class B2 Certificates has been reduced to zero, the Required Reserve Fund Deposit shall be zero.

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Good Faith Deposit has the meaning given such term in Section 2.6(a) of this Agreement.

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Initial Reserve Account Deposit means $3,000,000.

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Escrow Accounts means (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.