Common use of Deposit Required Clause in Contracts

Deposit Required. $ (10% of Gross Purchase Price Deposit, Due upon execution of Memorandum of Sale, if Applicable, Winning “Bidder’s Deposit” shall be applied to Sale Deposit; All other Bidder Deposits shall be returned to non-winning Bidders )

Appears in 2 contracts

Sources: Pre Auction Sale/Bid Agreement, Pre Auction Sale/Bid Agreement