Deposit Holder. Deposit Holder" shall have the meaning set forth in Section 1.5(b) of the Agreement.
Deposit Holder a. The Vendor and the Purchaser agree that the deposit holder is not: i. a party to this Agreement and will not assume any liabilities incurred as a result of the performance or non-performance of either the Pur- chaser or the Vendor, and that no liability will be incurred unless the deposit holder is grossly negligent or willfully breaches the terms of this Agreement;
Deposit Holder a. The Purchaser agrees that as the First Mortgage holder is: i. a party to this Agreement and will not assume any liabilities incurred because of the performance or non-performance of the Vendor, and that no liability will be incurred unless the First Mortgage holder is grossly negligent or wilfully breaches the terms of this Agreement.
Deposit Holder. The deposit will be returned by Landlord to the single designated Tenant within thirty (30) days after expiration of the Lease, less amounts properly withheld by Landlord. Tenants shall provide to Landlord in writing by July 15 a forwarding address of the deposit holder. Determination of the amount of security deposit returned will not be reviewed by Landlord unless written objection is received prior to September 19. The security deposit cannot be used by the Tenants to pay rent or accumulated charges.
Deposit Holder. (See Standard Condition 2) (Insert name of person or organisation that will hold the Deposit): Petrusma Property Xxxxx Bay Trust Account Bank Name: Commonwealth Bank of Australia BSB: 067 000 Account Number: 1045 4185
Deposit Holder. The Deposit Holder, Xxxxxx Xxxxxxxx Neighbourhood, Brokerage, shall place the deposit in it's interest bearing real estate trust account, which earns interest at the rate of prime less 2%, and the Deposit Holder shall pay any interest it earns or receives on the deposit to the beneficial owner of the trust money, provided the amount of the interest that the Deposit Holder earns or rece3ivs on the deposit is equal to or greater than the administrative fee of $150.00. The interest will be paid up to the completion of this transaction. The parties to this Agreement, hereby acknowledge and agree that the Deposit Holder shall be entitled to retain any interest earned or retained on the deposit, which is less than $150.00. Furthermore, the parties hereto agree that nay interest cheques issued by the Deposit Holder that are not cashed within six (6) months following completion of this transaction shall be forfeited to the Deposit Holder. If interest is requested, please provide a Social Insurance Number (SIM) and address for delivery. In the event of Mutual Release or for Excess Funds, the deposit will be returned after the full bank clearing period. The peiod will start the next banking day after receipt and deposit of the deposited funds. For bank drafts and wire transfers, the prior id five (5) banking days, for other, the period is fifteen(15) banking days. BUSINESS DAYS: For the purpose of this Agreement, the terms "banking days" or "business days" shall mean any day, other than Saturday, Sunday or Statutory holidays in Xxxxxxx, Xxxxxxx. It is understood and agreed, by all parties that any waiver of condition, must be received by the Xxxxxx Xxxxxxxx Neighbourhood Realty, Brokerage office, on or before the expiry time specified in that condition.
Deposit Holder. Deposit Holder" shall have the meaning set forth in Section 3.1(ii) of the Agreement.
