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Common use of Disposition of the Deposit Clause in Contracts

Disposition of the Deposit. In the event the transaction contemplated by this Agreement shall close, the Deposit shall be applied as payment of the Purchase Price being paid at the Closing.

Appears in 2 contracts

Sources: Purchase Agreement, Purchase Agreement (Newcastle Investment Corp)

Related Clauses

  • Merger or Consolidation of the Depositor or the Master Servicer
  • Permitted Withdrawals from the Collection Account
  • Permitted Withdrawals and Transfers from the Distribution Account
  • Permitted Withdrawals from the Custodial Account
  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account

Parent Clauses

  • Miscellaneous
  • PURCHASE PRICE
  • Effect of Termination Remedies for Default and Disposition of the Deposit
  • Survival
  • Escrow Instructions

Sub-Clauses

  • Amendment and Modification
  • Waiver of Compliance; Consent
  • Upon Other Termination
  • Upon Purchaser Default
  • Upon the Closing
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