Contract Deposit Clause Samples

Contract Deposit. The Purchaser may require the Seller to deposit the Contract Deposit in an escrow account. In lieu of such deposit, Seller may post a bond guaranteeing the return of the Contract Deposit.

Contract Deposit. $ (U.S. Dollars) as evidenced by Personal check Bank check Cash Wire transfer Additional Contract Deposit of $ (U.S. Dollars) is due within calendar days after the Contract Date set forth in Section 30. Unless otherwise agreed in writing, the pendency of any contingencies or special conditions in this Contract does not suspend or postpone Purchaser’s obligation to make any required additional Contract Deposit. All Contract Deposits shall be held by: _____________________________________________________________________________________________ ("Escrow Agent"). If no binding Contract is created by the Contract Date or if Purchaser withdraws any pending offer prior to Seller’s acceptance of that offer and notification thereof, all Contract Deposits shall be promptly returned to Purchaser.

Contract Deposit. 6.1 ENTRUSTEE will not be required to provide any contract deposit to ENTRUSTOR.

Contract Deposit. Payable on the date the Building Contract is signed. DEPOSIT (A) = $ incl GST NOTE: If you elect loss of deposit cover in a Master Build Guarantee, this will only cover loss of a deposit up to a maximum of the lesser of: • 10% of the CONTRACT PRICE; or • the maximum sum specifically allowed for in the guarantee

Contract Deposit. The successful tender, here after referred to as the contractor shall pay an amount equal to two (2) percent of the contract sum shall be paid within thirty days from the date of issue of letter of acceptance.

Contract Deposit. Payable on the date the Building Contract is signed. DEPOSIT (A) = $ incl GST

Contract Deposit. 21A. ▇▇▇▇▇▇ 21A is hereby inserted as a new clause into the General Terms under clause 21, as follows: 80A. Clause 80A is hereby inserted as a new clause into the General Terms under clause 80, as follows:

Contract Deposit. Successful vendor shall have to give a Performance Bank Guarantee@ 10%of the total contract cost from the Bankers & same will be retained 6 months after completion of contract period. The Banker’s Guarantee issued by branches of approved Banks beyond Kalyan and Virar can be accepted only if the said Banker’s Guarantee is counter signed by the Manager of a Branch of the same, within the Mumbai City limit categorically endorsing there on that the said Banker’s Guarantee is binding on the endorsing Branch of the Bank within Mumbai limits and is liable to been forced against the said Branch of the Bank in case of default by the contractor/supplier furnishing the banker’s guarantee.

Contract Deposit. With the execution of the Contract which shall be no later than December 15, 2010 (time being of the essence), Purchaser will pay a non-refundable deposit in the amount of $4,600,000.00 (the “Downpayment”) to Escrow Agent, which shall consist of an unconditional and irrevocable stand by letter of credit, in a form acceptable to Seller, issued by a bank which is a member of the New York Clearing House Association and that is otherwise reasonably acceptable to Seller, naming Escrow Agent as beneficiary, in the amount of $4,600,000 available for drawing (the “Letter of Credit”). The Downpayment is subject to adjustment in the event Purchaser elects to apply the LOI Deposit against the Downpayment as described above. At the Closing (hereinafter defined), the Letter of Credit shall be returned to Purchaser and shall not be credited against the Purchase Price. If a Closing is not consummated by Seller and Purchaser on or prior to February 21, 2011 for any reason whatsoever other than a material breach of the Contract by Seller or the failure of the Condominium Structure (hereinafter defined) to be approved by the Attorney General of the State of New York (the “Attorney General”) or other required governmental authority, Seller shall retain the Downpayment as liquidated damages and thereafter each party shall be released from any and all obligations and liabilities to the other hereunder, except for the provisions hereof that expressly survive termination of this LOI or the Contract. PROPERTY MATERIALS: Prior to execution of the Contract, Seller shall make available to Purchaser certain written materials with respect to the Property, including, without limitation, property studies and inspection reports (the “Property Reports”). Purchaser expressly acknowledges and agrees that neither Seller nor any of its affiliates, officers, directors, employees, advisors or agents, have made or will be making any representation or warranty as to the content, accuracy or completeness of such Property Reports and Seller shall have no liability to Purchaser resulting from Purchaser’s use or reliance upon the Property Reports. Purchaser is relying entirely on its own evaluation of the Property and is not relying on any representations, warranty, assurance or statement of any kind made by Seller, or any other person or entity acting on behalf of Seller. Purchaser shall maintain the confidentiality of the Property Reports in accordance with the terms of this LOI and if this LOI is ...