Remaining Deposit definition
Examples of Remaining Deposit in a sentence
Upon the return of the Remaining Deposit to Buyer, Seller shall be obligated to send another Remaining Deposit Notice to Buyer and the Escrow Agent in order for Buyer to re-deposit the Remaining Deposit with the Escrow Agent.
The Remaining Deposit will continue to be held and applied by Landlord in accordance with the provisions of the Lease.
Rental: $ Damage Deposit: $ Janitorial: $ TOTAL: $ (if applicable) (Please make checks payable to “St. Ludger Catholic Church”) Deposit: Date Paid: Check #: Remaining Balance Due: Date Remaining Deposit Paid: Check #: Renter Initials: This agreement was made this day of , 20 , between St. Ludger Catholic Church, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, NE 68729, and “Renter”.
Otherwise, the Remaining Deposit shall be nonrefundable to Purchaser after the expiration of the Due Diligence Period except in the event of a default by Seller under the terms of the Purchase and Sale Agreement.
Providing Sublessee is not in default as outlined herein under Paragraph 6, security deposit shall be returned to Sublessee as outlined below: Date Deposit Returned Remaining Deposit ---- ---------------- ----------------- July 1, 2006 1 Month's Deposit 2 Months February 1, 2007 1 Month's Deposit 1 Month The last month's security deposit shall be held by Sublessor through the duration of the Sublease term according to the provisions herein defined.
Promptly upon the expiration of the Due Diligence Period, Escrow Agent shall release the Remaining Deposit to Seller via wire transfer per the instructions to be provided by Seller to Escrow Agent.
If Purchaser terminates the Purchase and Sale Agreement prior to the expiration of the Due Diligence Period because of its failure to obtain the Loan Commitment, Escrow Agent is hereby instructed to hold the Remaining Deposit in escrow until such time as Purchaser provides reasonable evidence to Seller that Purchaser was unable to obtain the Loan Commitment despite good faith efforts to do so.
Providing Sublessee is not in default as outlined herein under Paragraph 6, security deposit shall be returned to Sublessee as outlined below: Date Deposit Returned Remaining Deposit ----------------- ----------------- ----------------- June 1, 2005 1 Month's Deposit 3 Months February 1, 2006 1 Month's Deposit 2 Months September 1, 2006 1 Month's Deposit 1 Month The last month's security deposit shall be held by Sublessor through the duration of the Sublease term according to the provisions herein defined.
In the event that Escrow Agent shall be uncertain as to Escrow Agent’s duties or rights hereunder, or shall receive instructions from Purchaser or Seller that, in Escrow Agent’s opinion, are inconsistent with each other or in conflict with any of the provisions hereof, Escrow Agent shall be entitled to hold the Remaining Deposit and may decline to take any other action.
The Parties agree that the non-refund of the Remaining Deposit by Sellers represents a genuine pre-estimate of the losses which may be sustained by Sellers in the event that Second Closing does not occur in the circumstances set out in this Section 4.2(c) and is not a penalty.