Purchase Deposit definition

Purchase Deposit means a deposit in an amount equal to five percent (5%) of the Administrative Member’s Price payable by the Administrative Member in the event BREA accepts the Purchase Offer in accordance with Sections 10.1A(2), 10.1B(2) or 10.1C(2), as applicable.

Purchase Deposit means the sum of One Million dollars ($1,000,000), which has been transferred to the Escrow Agent by or on behalf of Buyer, and will be transferred by the Escrow Agent to Seller upon execution of this Agreement, in accordance with the written direction of Seller and Buyer to the Escrow Agent and with the terms of this Agreement.

Purchase Deposit. A sum of U.S. One Hundred Thousand Dollars ($100,000) advanced by Beneficiary to Seller to secure the purchase of the Aircraft.

Examples of Purchase Deposit in a sentence

• In the event that the Purchaser stops payment or countermands on the bank draft for the Bidding Deposit and/or the Purchase Deposit, the Property may be put up for sale at a date and time to be fixed by the Assignee/Bank.

• In the event of consent not being obtained from the Developer/Landowner and/or other relevant authorities due to the act of default or omission by the Purchaser, MBSB BANK BERHAD shall be entitled to forfeit the Bidding Deposit and the Purchase Deposit paid pursuant to Clause 4.1 and Clause 8.5.

• In the event of consent (if applicable) not being obtained from the Developer/Proprietor and/or other relevant authorities due to the act of default or omission by the Purchaser, the Purchase Deposit and all late payment charges/compensation (if any) paid pursuant to Clause 7.5 above shall be forfeited to the Assignee/Bank.

• In the event that the Purchaser fails to pay the Balance Purchase Price within the time or extended time as the case may be and in the manner as stipulated in Clause 7.5 above, the Purchase Deposit together with the late payment charges/compensation (if any) paid under Clause 7.2 above shall be forfeited by the Assignee/Bank and the property may again be put up for sale at a date and time to be fixed by the Assignee/Bank.

• The Auctioneer shall upon receipt of the Purchase Deposit release the said sum, bank draft and/or cashier’s order to the Bank.

More Definitions of Purchase Deposit

Purchase Deposit shall have the meaning set forth in Section 3.2(a)

Purchase Deposit has the meaning set forth in Section 1.4.1 of this Agreement.

Purchase Deposit. A sum of U.S. One Hundred Thousand Dollars ($100,000) advanced by Beneficiary to Seller to secure the purchase of the Aircraft. “Purchase Documents” means this Agreement, the Warranty Xxxx of Sale, the Assignment Agreement, the Lessee Acknowledgement and the Aircraft Acceptance Certificate. “Purchase Price” means the amount set forth in Schedule 1 hereto for the date on which the Delivery Date occurs. “Purchaser” has the meaning given to such term in the Preamble. 4 “Responsible Officer” means with respect to any Person, any managing director, general manager, deputy general manager, vice president or other senior officer who, in the normal performance of his or her operational responsibilities, with respect to the subject matter of any covenant, agreement or obligation of such party pursuant to any instrument, would have responsibility for such matter and the requirements of such instrument with respect thereto. “Scheduled Delivery Date” has the meaning given such term in Section 2.3. “Seller” has the meaning given to such term in the Preamble. “Seller’s Account” means Bank: Comerica Bank, Account No.: 1891533166, Account Name: PLM International, Inc., ABA Routing No.: 000000000, Ref: Boeing 737 S/N 24700. “Special Uruguayan Counsel” means Xxxxx & Regules, special Uruguayan counsel to Purchaser. “Taxes” means any and all present and future taxes, duties, withholdings, levies, assessments, imposts, fees and other governmental charges of all kinds (including without limitation any value added or similar tax and any stamp, documentary, registration or similar tax), together with any penalties, fines, surcharges and interest thereon and any additions thereto. “Termination Date” means December 31, 2006. “Total Reserves” means the amount specified as such in Schedule 2. “Transaction Documents” has the meaning given such term in Section 6.8. “Transfer Taxes” means any sales, use, excise, transfer, gross receipts, value added or any other similar taxes, fees or charges that may be imposed by any Governmental Body in any jurisdiction as a result of the sale and assignment of the Aircraft and the Lease under this Agreement. “Trust Agreement” means the Trust Agreement between the Beneficiary and Xxxxx Fargo Bank Northwest, National Association (Owner Trust 24700), dated as of December 12, 2006. “Uruguayan Filings” means the filings with the Uruguayan Civil Aviation Authority of Spanish translations of the Warranty Xxxx of Sale, the Lease Assignment Agreement and the...

Purchase Deposit means the sum of Fifty Thousand Dollars ($50,000) to be deposited with the Title Company into the Escrow Account, together with all interest earned thereon, if any, pursuant to Section 2.7(a).

Purchase Deposit means the sum of Five Hundred Thousand Dollars ($500,000) to be deposited with the Title Company into the escrow account, together with all interest earned thereon, if any, or at the Buyer's election, a $500,000 letter of credit in favor of Sellers from Wellx Xxxgo Bank, N.A. in the form attached hereto as Exhibit 10B.

Purchase Deposit is defined in Section 23.2

Purchase Deposit means $[ ].