Corpus Deposit Clause Samples

Corpus Deposit. An interest free corpus deposit calculated at the rate of Rs /-
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Corpus Deposit. An interest free corpus deposit calculated at the rate of Rs. /- (Rupees …………………. only) per square feet of the constructed area of the Apartment (“Corpus Deposit”) for the Apartment shall be paid by the Allottee to the Promoter, on or before a date to be notified by the Promoter which date shall not be a date later than the Possession Date. The amount of such Corpus Deposit payable shall be intimated by the Promoter on or before possession date. The Corpus Deposit shall be used by the Promoter /Association for repair of the Project or equipments provided therein. Notwithstanding the above, the Promoter reserves the right to utilize this deposit to adjust any realizable dues from the Allottee. The unused portion of the Corpus Deposit shall be transferred to the Association without interest when incorporated.
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Corpus Deposit. An interest free corpus deposit calculated at the rate of Rs /- (Rupees 1. The costs and expenses relating to the Project shall be borne by all the Allottee/Transferee in the proportion saleable area of any Plot will bear to the area of all the other saleable areas in the Project which will include all costs for maintaining the Common Portions. 2. Some of the expenses mentioned herein may be common to all the Allottee/Transferee or only to those of any particular Unit as be decided by the Promoter/Transferor or the Association, as the case may be. 3. The expenses for maintenance, operation, and renovation etc. of the Project shall be borne and paid by the Allottee/Transferee to the extent and in the manner the Promoter/Transferor or the Association, as the case may be, may decide. 4. The expenses shall, inter-alia, include thefollowing:
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Corpus Deposit. An interest free corpus deposit calculated at the rate of Rs. /- (Rupees . . . . . . . . . . . . . . . ) per squar e fee t of th e saleable area of the Plot (“Corpus De posit”) shall be paid by the Allottee to the Promoter, on or before a date to be notified by the Promoter which date shall not be a date later than the Possession Date. The amount of such Corpus Deposit payable shall be intimated by the Promoter on or before possession date. The Corpus Deposit shall be used by the Promoter/Mainte ▇▇▇▇▇ Com pan y / A s s o c i a t i o n f o r repair of the Project provide d therein. Notwithst and ing the a bov e, the Promoter reserves the right to utilize this deposit to adjust any realizable dues from the Allottee. The unused portion of the Corpus Deposit shall be transferred to the Association without interest when incorporated.
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Related to Corpus Deposit

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • Deposit A deposit totaling 35% of the agreed upon Total Amount is due with acceptance of rental agreement. Payment of deposit shall be deemed as acceptance of this rental agreement. Payment may be made by traveler's checks, bank money order, wire transfer, or certified check or major credit card. Personal checks will be accepted upon approval; if funds are not credited within Ten days booking will be cancelled. The deposit amount is $_DepositAmount_.

  • Collection Account (a) On behalf of the Trustee, the Servicer shall establish and maintain, or cause to be established and maintained, one or more segregated Eligible Accounts (such account or accounts, the “Collection Account”), held in trust for the benefit of the Trustee. On behalf of the Trustee, the Servicer shall deposit or cause to be deposited in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer’s receipt thereof, and shall thereafter deposit into the Collection Account, in no event more than two Business Days after the deposit of such funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the Cut-off Date (other than in respect of principal or interest on the related Mortgage Loans due on or before the Cut-off Date), or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto: (i) all payments on account of principal, including Principal Prepayments, on the Mortgage Loans; (ii) all payments on account of interest (net of the related Servicing Fee) on each Mortgage Loan; (iii) all Insurance Proceeds and Condemnation Proceeds to the extent such Insurance Proceeds and Condemnation Proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the related Mortgagor in accordance with the express requirements of law or in accordance with Accepted Servicing Practices, Liquidation Proceeds and Subsequent Recoveries; (iv) any amounts required to be deposited pursuant to Section 3.12 in connection with any losses realized on Permitted Investments with respect to funds held in the Collection Account; (v) any amounts required to be deposited by the Servicer pursuant to the second paragraph of Section 3.13(a) in respect of any blanket policy deductibles; (vi) all proceeds of any Mortgage Loan repurchased or purchased in accordance with this Agreement; and (vii) all Prepayment Charges collected by the Servicer. The foregoing requirements for deposit in the Collection Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges, NSF fees, reconveyance fees, assumption fees and other similar fees and charges need not be deposited by the Servicer in the Collection Account and shall, upon collection, belong to the Servicer as additional compensation for its servicing activities. In the event the Servicer shall deposit in the Collection Account any amount not required to be deposited therein, it may at any time withdraw such amount from the Collection Account, any provision herein to the contrary notwithstanding. (b) Funds in the Collection Account may be invested in Permitted Investments in accordance with the provisions set forth in Section 3.12. The Servicer shall give notice to the Securities Administrator, the Master Servicer, the Trustee and the Depositor of the location of the Collection Account maintained by it when established and prior to any change thereof.

  • Principal Depository Borrower shall maintain its principal depository and operating accounts with Bank.