Indemnity Deposit definition

Indemnity Deposit means a fee or charge paid to the Town to meet all or a portion of the cost and expenses of remediating or repairing any damage to Town property or infrastructure, including, but not limited to roads, sidewalks, curbing or paved boulevards, water or sewage works, caused as a result of the use of such property or infrastructure or as a result of the carrying on of construction or demolition or other works on adjacent property.
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Indemnity Deposit means an amount equal to [Omitted] of the Base Purchase Price.
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Indemnity Deposit has the meaning set out in subsection 8.4(2)(a);
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Examples of Indemnity Deposit in a sentence

  • At Closing, Buyer shall pay to Seller, in cash by wire transfer of immediately available funds to the account or accounts designated by Seller an amount equal to the Base Purchase Price as adjusted by the Estimated Adjustment Amount (as provided in Section 2.5 below) less the Performance Deposit (together with any interest accrued thereon) received by Seller on or prior to Closing, the Indemnity Deposit, and the Title Defect Deposit, if any (such amount, in the aggregate, the “Closing Payment”).

  • Any claims (other than claims with respect to [Omitted] pursuant to [Omitted] shall be recoverable solely and exclusively from and to the extend of amounts available under the Indemnity Deposit Escrow Account.

  • Therefore, except for the Excepted Matters, the maximum aggregate liability of Seller under Section 9.1(b) of this Agreement shall not exceed the Indemnity Deposit, and the Buyer Indemnified Parties shall have no further right to indemnity thereunder at such time as all funds have been disbursed from the Indemnity Deposit Escrow Account.

  • If a Buyer Indemnified Party is entitled to indemnity under Section 9.1(b) of this Agreement, any such claim (including any claim pursuant to Section 4.7(viii)) shall be satisfied solely and exclusively against the Indemnity Deposit Escrow Account.

  • Seller shall have delivered its duly executed signature page counterparts to the Assignment Agreement, the Indemnity Deposit Escrow Agreement, and the Title Defect Deposit Escrow Agreement, if required, to Buyer.

  • Buyer shall have delivered its duly executed signature page counterparts to the Assignment Agreement, the Indemnity Deposit Escrow Agreement, and the Title Defect Deposit Escrow Agreement, if required, to Seller.

  • Buyer agrees to pay to the Escrow Agent, at the Closing, in cash by wire transfer of immediately available funds (i) the Indemnity Deposit for deposit to the Indemnity Deposit Escrow Account and (ii) any Title Defect Deposit for deposit into the Title Defect Deposit Escrow Account.

  • On the Closing Date, Sellers shall deposit the Indemnity Deposit into the Indemnity Escrow in the form of POPT Shares and/or OP Units, with each such security to be valued at the Public Offering Price.

  • Upon any disbursement from the Indemnity Deposit pursuant to this Agreement, the Buyer will purchase (at a price per REIT Share or OP Unit, as applicable, equal to the Public Offering Price) such number of the securities as will permit the Escrow Agent to distribute cash in lieu of any fractional shares.

  • Upon resolution of any Indemnity Claim or portion of an Indemnity Claim as evidenced by a written instruction of the Buyer, in which an officer of the Buyer certifies that the instruction has been approved by either (x) the Sellers or (y) a final arbitral award in accordance with this Agreement, the Escrow Agent shall release the amount and type of Indemnity Deposit specified therein, and shall charge such amount to the Escrow Fund (as defined in the Escrow Agreement).


More Definitions of Indemnity Deposit

Indemnity Deposit has the meaning specified in Section 2.7(a).
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Indemnity Deposit has the meaning set forth in Section 3.3(b).
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Indemnity Deposit means an amount of Rs. 1,00,00,000 (Rupees One Crore only) to be deposited by the Vendors in the Escrow Account simultaneously with the payment of the Purchase Price to be held as an escrow deposit upon the terms and conditions contained hereunder and in the Escrow Agent letter.
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Indemnity Deposit means initially $12,500,000 in cash to be delivered by the Purchaser to the Escrow Agent pursuant to Section 1.10(b) and subject to the Indemnity Escrow Agreement. In accordance with the Indemnity Escrow Agreement, on the six month anniversary of the Closing Date, the Released Amount shall be released to the Seller. The "Released Amount" shall be (i) the remaining Indemnity Deposit on the six month anniversary of the Closing Date minus (ii) the sum of (A) $6,250,000, plus (B) any amount then payable to the Purchaser's Indemnified Persons, plus (C) any additional Third Party Claims or Indemnity Claims claimed in good faith by the Purchaser's Indemnified Persons and disputed in good faith by the Seller as the Indemnifying Party. If the result of the foregoing calculation results in the Released Amount being zero or a negative number, then no amount shall be released from the Indemnity Deposit on the six month anniversary of the Closing Date.
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Indemnity Deposit shall have the meaning ascribed to it in Section 11.5(a).
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Related to Indemnity Deposit

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Indemnity Escrow Amount means $5,000,000.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

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

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

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

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Escrow Deposit has the meaning set forth in Section 3.3.

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

  • Indemnity Cap has the meaning set forth in Section 8.4.3.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Indemnity Period means the period during which the results of the business are affected beginning with the occurrence of the monetary win but not exceeding the maximum indemnity period

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Funding Indemnity Letter means a funding indemnity letter, substantially in the form of Exhibit N.

  • Indemnification Escrow Agreement means that certain Indemnification Escrow Agreement in the form attached hereto as Exhibit D, with such changes as may be agreed to among the Buyer, the Seller and the Escrow Agent.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

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

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.