Subsequent Deposit definition
Examples of Subsequent Deposit in a sentence
On the Closing Date, the Owner Trustee will deposit in the Capitalized Interest Account the Capitalized Interest Initial Deposit from the net proceeds of the sale of the Notes and the Certificates and on each Subsequent Transfer Date the Owner Trustee will deposit in the Capitalized Interest Account any applicable Capitalized Interest Subsequent Deposit with respect to each Subsequent Loan.
The Initial Deposit and the Subsequent Deposit are hereinafter collectively referred to as the “Deposit”.
You agree that we may, on the date of any Subsequent Deposit (the "Subsequent Date of Deposit"), purchase any amount of Units so deposited.
As used herein, the “Deposit” shall mean the Initial Deposit, and from and after the date, if at all, delivered by Purchaser to the Title Company, the Subsequent Deposit, together with all interest which shall accrue thereon.
On or prior to each Subsequent Transfer Date, an amount equal to the related Reserve Fund Subsequent Deposit will be deposited into the Reserve Fund.
Upon the earlier of (i) Strategic’s receipt of a commitment for Qualified Financing, or (ii) March 15, 2005, Strategic shall make the Subsequent Deposit, in immediately available funds, with Escrow Agent.
The Subsequent Deposit and the Initial Deposit together comprise the “Deposit”, which in total shall equal 10% of the Purchase Price.
On each Subsequent Transfer Date, the Transferor shall deposit the Class B Reserve Account Subsequent Deposit into the Class B Reserve Account.
On each Subsequent Transfer Date the Depositor shall deposit the Reserve Fund Subsequent Deposit into the Reserve Fund from amounts on deposit in the Pre-Funding Account.
If Buyer has not sooner terminated this Agreement, then within two (2) business days after the expiration of the Inspection Period, Buyer shall deposit with the Escrow Holder the additional sum of FOUR HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($450,000.00) (the “Subsequent Deposit”; the Initial Deposit and Subsequent Deposit, if and when deposited, are collectively, the “Deposit”) by federal wire transfer of immediately available funds.