Advanced Deposit Sample Clauses
An Advanced Deposit clause requires one party, typically the buyer or tenant, to pay a specified sum upfront before services are rendered or a contract is fully executed. This deposit is usually held as security against future obligations, such as payment for goods, services, or property, and may be applied toward the final balance or forfeited if the paying party defaults. The core function of this clause is to provide assurance to the receiving party that the other party is committed and financially capable, thereby reducing the risk of non-payment or last-minute cancellations.
Advanced Deposit. Due Due Received Received Check# $ Check# $ Amount to be financed or paid by (i) wire transfer of immedately available funds or (ii) cashier's check (subject to collection) at closing (approximate) (Total Purchase Price less total payments does not include FHA, MIP, VA, Funding Fee, PMI, closing costs, pre-paids, homeowner insurance, prorated expenses and homeowner association fees.) Buyer Buyer Initials Initials ................... $ 651,465.00 Total Payments....................................................................................................... $ 25,000.00 Seller Assistance toward closing costs (subject to contribution limits): ................. $ 5,000.00 X Select One: Cash Conventional VA Mortgage $ 541,172.00 Lender: Lennar Mortgage N Cooperating Broker Participation? Yes No Agent/Company: / Street Address: City, State Zip: , Phone: Phone #: ▇▇▇-▇▇▇-▇▇▇▇ Broker Tax ID#: X Listing Broker Participation? Yes No Agent/Company: / Street Address: City, State Zip: , Phone: Broker Tax ID#: Broker Commission: $ .00 Broker Commission: $ .00
Advanced Deposit. A. Year One – From the Intrepid V2 Product Inventory Date until August 1, 2014, within five (5) Business Days of issuing a Purchase Order, Intrepid shall pay to VMR via ACH payment an amount equal to twenty-five (25) percent of the current VMR Delivered COGS associated with the V2 Products ordered;
B. Year Two – From August 2, 2014 through August 1, 2015, within five (5) Business Days of issuing a Purchase Order, Intrepid shall pay to VMR via ACH payment an amount equal to ten (10) percent of the current VMR Delivered COGS associated with the V2 Products ordered;
Advanced Deposit. USER agrees to pay DISTRICT with the return of this signed agreement, no later than {DATE}, a non-refundable deposit equal to fifty percent (50%) of the base rental fee. This deposit will be applied to the total amount due at the time of final settlement.
Advanced Deposit