Common use of Minimum Deposit Clause in Contracts

Minimum Deposit. Buyer has delivered the Minimum Deposit to a non- interest bearing account designated by the Company in immediately available funds to be held in escrow. The Minimum Deposit shall not be subject to any lien, attachment, trustee process, or any other judicial process of any creditor of any Seller or Buyer. The Minimum Deposit shall be retained by the Company at the Closing for payment to the Agent pursuant to Section 3.3(b) below (and deducted from the Purchase Price due and payable at the Closing) or, if this Agreement is terminated, treated in the manner set forth in Section 11.3(b).

Minimum Deposit. Buyer has delivered the Minimum Deposit to a non- interest bearing account designated by the Company in immediately available funds to be held in escrow. The Minimum Deposit shall not be subject to any lien, attachment, trustee process, or any other judicial process of any creditor of any Seller or Buyer. The Minimum Deposit shall be retained by the Company at the Closing for payment to the Agent pursuant to Section 3.3(b) below (and deducted from the Purchase Price due and payable at the Closing) or, if this Agreement is terminated, treated in the manner set forth in Section 11.3(b).