Deposit Amounts Clause Samples
The 'Deposit Amounts' clause defines the specific sums of money that must be paid upfront or at designated stages as part of a contractual agreement. Typically, this clause outlines when and how the deposit is to be paid, whether it is refundable, and under what conditions it may be forfeited or applied toward the total contract price. Its core practical function is to secure the parties' commitment to the agreement and provide a financial assurance that obligations will be met, thereby reducing the risk of non-performance.
Deposit Amounts. Allstate Life agrees to accept, and the Owner agrees to pay or cause to be paid to Allstate Life, on the Effective Date the amount (the "Deposit Amount") identified in the Funding Agreement Pricing Annex ("Annex") attached hereto.
Deposit Amounts. The amounts contemplated for each of the purposes described under the Agreement, which may be revised by the City from time to time, shall be as follows:
Deposit Amounts. A $5,000 per-person deposit is required to hold a reservation for 48 hours to allow you time to review and sign the General Release, COVID-19 Release, and Travel Agreement (incorporating the OPC) (the “Hold Period”) after which your reservation will be confirmed. If you do not return a signed Agreement within 48 hours, your reservation will be released and your deposit will be refunded within 7 days. For reservations made within the timeframe between the Final Payment Date (as defined below) and departure, you must pay an amount equal to 100% of the Trip Price, but your reservation will remain fully refundable for the Hold Period. The deposit may be made by check, wire transfer, or major credit card.
Deposit Amounts. 1. Domestic flights: $350 per passenger.
2. International flights: $1,200 per passenger.
3. Flights to Central America and the Caribbean: $500 per passenger. Note: Deposit amounts are subject to change based on market conditions and flight costs. AllFly will inform the Company of any changes before collecting the deposit. Deposit waivers may be granted on a case-by-case basis.
Deposit Amounts. 7.6.1 The Parties hereby acknowledge that as at the Effective Date, Sale Company maintains one or more RMB-denominated cash deposit bank accounts in the PRC with a financial institution in the PRC (each, a “RMB Bank Account”), and/or one or more USD-denominated cash deposit accounts in Hong Kong with a financial institution in Hong Kong (each a “HK Bank Account”, and together with the RMB Bank Accounts, the “Bank Accounts”), the details of which are set forth in Schedule F. The total cash balance in each Bank Account as of the Effective Date (except as otherwise noted therein) is set forth in Schedule F.
7.6.2 The Parties hereby acknowledge and agree that (i) to the extent not remitted out of the following accounts prior to the Closing Date, the total cash in the RMB Bank Accounts of Sale Company as of the Closing Date, including any interest earned prior to, on and after the Closing Date (such amount, the “RMB Deposit Amount”), the total cash in the HK Bank Account of Sale Company as of the Closing Date, including any related interest earned prior to, on and after the Closing Date (such amount, the “HK Deposit Amount”, together with the RMB Deposit Amount, the “Deposit Amounts”) are expressly excluded from, and shall not be deemed to be part of, the purchase and sale of the Sale Shares contemplated under this Agreement, (ii) the Deposit Amounts of Sale Company are beneficially owned by Seller, and (iii) Sale Company agrees to, and the Purchasers agree to cause Sale Company to, hold such Deposit Amounts in trust for the benefit of Seller and (iv) without the prior written consent of Seller, the Purchaser will not claim, use, transfer, dispose of or otherwise exploit the Deposit Amounts or set off or cause to be set off any other amount or obligation that may be owed to any Purchaser or otherwise against Sale Company’s ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ Deposit Amount or the Remitted Funds.
7.6.3 The Sale Company shall, at the expense and commercially reasonable direction of Seller, seek any applicable PRC tax and regulatory approvals required to effect the conversion and remittance of the Remitted Funds (as defined below) to the applicable Seller and, as promptly as legally permissible and practicable (unless otherwise instructed in writing by the relevant Seller), from time to time in one or more transactions, (i) convert the RMB Deposit Amount into USD (at such time and at such applicable exchange rates as instructed by Seller), and (ii) thereafter cause such funds ...
Deposit Amounts. <<Security Deposit Charges>><<Total Additional Deposits>>
Deposit Amounts. Nickel Mines will make a US$20M ‘down payment’ to Shanghai Decent which, together with the US$10M ‘good faith payment’ paid on the execution of the MoU, results in Nickel Mines having a funding requirement of US$180M to complete the First Acquisition and secure its initial 30% interest.
Deposit Amounts. The initial deposit amount contemplated for each the purposes described under the Agreement, which may be revised by the City from time to time, are set forth for Exhibit “B” attached hereto.
Deposit Amounts. For the period commencing on 12/15/2017 and through 8/20/2021, the Public Entity designates Huntington as an approved depository and Huntington will accept for deposit the following: A. Active Deposits: Up to the maximum sum of ............................ $25,000,000 B. Interim Deposits: C. Inactive Deposits: Up to the maximum sum of ............................ Up to the maximum sum of ............................ $25,000,000 D. Total sum of Active, Interim and Inactive Deposits not to exceed ...... $25,000,000 Security. Huntington provides security in accordance with the Ohio Revised Code. Upon Huntington’s full participation in the Ohio Pooled Collateral Program (OPCP), Huntington will provide security at the approved collateral level, as determined by the State, or as further specified in Exhibit A. The Ohio Treasurer’s Office will send notice when Huntington becomes active with OPCP. If, for any reason, Huntington does not participate in the OPCP by December 31, 2017, Huntington will provide security in accordance with other provisions of the Ohio Revised Code.
Deposit Amounts. The amounts to be deposited under this Agreement, shall be made in accordance to Exhibit “B”. The deposit amounts described herein and on Exhibit B are intended to estimate the anticipated costs associated with the City’s processing of the Applicant’s application. Nothing herein precludes the City from requiring additional deposits per the terms of Section 5 above.