Special Deposit. 38 Standard & Poor's.......................................................................................38
Special Deposit. The Master Servicer hereby acknowledges the receipt by it of cash in an amount equal to $[________] (the "Special Deposit"), representing interest at the Mortgage Rate, for the calendar month of September 2004, for those Mortgage Loans which do not have Monthly Payments due on October 1, 2004. The Master Servicer shall hold such amount in the Collection Account and shall include such amount in Available Funds for the Payment Date in November 2004.
Special Deposit. If the Special Deposit is paid by bank transfer, please give the account details for its return: Bank name Sort Code Account number
Special Deposit. This deposit will be refunded within 28 days of the termination of the period of hire provided that no damage or loss has been caused to the premises and/or contents nor complaints made to the Village Hall about noise or other disturbance during the period of the hiring as a result of the hiring. £
Special Deposit. If Lender, at any time and from time to time prior to Completion of the Improvements, in its reasonable discretion, deems that the undisbursed proceeds of the Loan plus any amounts deposited in Borrower’s Depository Account are insufficient to meet the costs of completing construction of the Improvements (plus the costs of insurance, ad valorem taxes, and other costs of the Improvements as reflected in the Budget after all permitted reallocations), Lender may refuse to make any additional Advances to Borrower under this Agreement until Borrower has deposited into Borrower’s Depository Account with Lender an amount sufficient to cover the deficiency that Lender deems to exist. Such monies shall be disbursed by Lender to Borrower pursuant to the terms and conditions of this Agreement as if they constituted a portion of the Loan. Borrower shall deposit with Lender the amount specified by Lender within fifteen (15) days of written demand from Lender. Unless required by Legal Requirements, Lender shall not pay interest on such special deposit to the Depository Account. (CYPRESS/FAIRFIELD)
Special Deposit. The Special deposit is held as security in the event of damage or loss caused to the premises and / or contents or complaints made to the Village Hall about noise or other disturbance during the period of the hiring as a result of the hiring.
Special Deposit. If, at any time Borrower seeks to obtain a partial release of any of the Property, no unpaid balance of the Advances then exists but Additional Obligations are then outstanding or all of the Advances to be made under said Master Line have not yet been made, then, notwithstanding anything contained to the contrary herein or in any other of the Loan Documents, Borrower shall be entitled to obtain such partial releases in accordance herewith provided any remaining balance of the Net Sales Proceeds following payment to Agent of the Partial A&D Release Price and/or Release Price, as applicable, is delivered to Agent as a special deposit ("Special Deposit") to be held by Agent as additional collateral for the Indebtedness. To the extent of any Advances thereafter made under the Master Line, Agent may apply any sums held as a Special Deposit to reduce the principal balance then outstanding under the Master Line. Such Special Deposit will be disbursed by Agent to Borrower pursuant to the terms and conditions hereof as if they constituted a portion of the Master Line being made hereunder. Unless required by Governmental Requirements, Agent shall not be required to pay interest on the Special Deposit.
Special Deposit. The Reinsurer acknowledges that they are subject to the special deposit requirements applicable to California workers' compensation insurers and reinsurers, as contained in California Insurance Code Sections 11690 et.seq. and regulations adopted thereunder. The reports furnished by the Company pursuant to Article IX shall contain sufficient data regarding California losses to enable the Reinsurer to file the Special Schedule P with the California Insurance Department. The Reinsurer agrees to furnish the Company with a copy of the required filing as well as documentation evidencing either the posting of the required surety bond or establishment of a Department approved trust account.
Special Deposit. At and after the Closing, the Company shall set aside, hold back and maintain $12.4 million of the gross proceeds of the Acquisition in order to discharge a Federal tax lien on the estate of Xxxxx Xxxxxxx relating to the sale of the Stock (the “Special Deposit”). On or before October 7, 2018, the Company will pay over to the Internal Revenue Service the Special Deposit or honor a check drawn against the Special Deposit in favor of the Internal Revenue Service in either case upon the written instructions of the Trustee (the “Payment Date”). Between the Closing and the Payment Date, the Special Deposit will bear interest at the rate of 1.25% per annum on a simple interest basis. Interest on the Special Deposit will be paid to the Trustee on the Payment Date.
Special Deposit. If, at any time Borrower seeks to obtain a partial release of any of the Property for any Construction Loan made hereunder, no unpaid balance of the Construction Loan then exists but Additional Obligations are then outstanding or all of the Advances to be made under said Construction Loan have not yet been made, then, notwithstanding anything contained to the contrary herein or in any other of the Loan Documents, Borrower shall be entitled to obtain such partial releases in accordance herewith provided any remaining balance of the net sales proceeds following payment to Lender of the Release Price, as applicable, is delivered to Lender as a special deposit (“Special Deposit”) to be held by Lender as additional collateral for said Construction Loan. To the extent of any Advances thereafter made under any Construction Loan made hereunder, Lender may apply any sums held as a Special Deposit to reduce the principal balance then outstanding under said Construction Loan. Unless required by Governmental Requirements, Lender shall not be required to pay interest on the Special Deposit but any balance remaining on the Special Deposit after repayment of the Loans in full and the termination of all Additional Obligations shall be returned to Borrower.
