DEPOSIT AND CONTRACT Sample Clauses

The 'Deposit and Contract' clause outlines the requirements and procedures for the buyer to provide an initial deposit as part of entering into a binding agreement with the seller. Typically, this clause specifies the amount of the deposit, the timeline for payment, and the conditions under which the deposit may be forfeited or refunded, such as if the buyer fails to complete the purchase or if certain contingencies are not met. Its core function is to formalize the commitment of both parties to the transaction, providing security to the seller and demonstrating the buyer's seriousness, while also clarifying the financial obligations at the outset of the contract.
DEPOSIT AND CONTRACT. A nonrefundable deposit of $750 (if not already paid) and the signed contract is due on or before April 1, 2016, in order to guarantee the student’s placement in Lauralton Hall for the 2016-17 academic year. Lauralton Hall reserves the right to offer the place reserved for the student to another prospective student or cancel such place if the deposit and signed contract are not received by April 1, 2016.
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DEPOSIT AND CONTRACT. A non-refundable deposit of $1500 (if not already paid) and the signed Contract are due on or before the tenth (10th) business day following the student’s acceptance in order to guarantee the student’s placement in Lauralton Hall for the 2019-20 academic year. Lauralton Hall reserves the right to offer the placement reserved for the student to another prospective student or cancel such placement if the deposit and signed contract are not received by the close of business on the tenth (10th) business following the student’s acceptance.
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Related to DEPOSIT AND CONTRACT

  • Compliance with Contracts and Credit and Collection Policy Such Seller Party will timely and fully (i) perform and comply with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and (ii) comply in all respects with the Credit and Collection Policy in regard to each Receivable and the related Contract.

  • Modifications to Contracts and Credit and Collection Policy Such Seller Party will not make any change to the Credit and Collection Policy that could adversely affect the collectability of the Receivables or decrease the credit quality of any newly created Receivables. Except as provided in Section 8.2(d), Servicer will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy.

  • Deposit Accounts; Credit Card Arrangements (a) Annexed hereto as Schedule 5.21(a) is a list of all DDAs maintained by the Loan Parties as of the Closing Date, which Schedule includes, with respect to each DDA (i) the name and address of the depository; (ii) the account number(s) maintained with such depository; (iii) a contact person at such depository, and (iv) the identification of each Blocked Account Bank. (b) Annexed hereto as Schedule 5.21(b) is a list describing all arrangements as of the Closing Date to which any Loan Party is a party with respect to the processing and/or payment to such Loan Party of the proceeds of any credit card charges and debit card charges for sales made by such Loan Party.

  • Deposit Account Control Agreements the Deposit Account control agreements to be executed by each institution maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.

  • Credit and Collection Policies Comply in all material respects with the Credit and Collection Policy in regard to each Pool Receivable and the related Contract.