Common use of Performance Deposit Clause in Contracts

Performance Deposit. Contemporaneously with the execution of this Agreement, Buyer shall deposit with Seller cash equal to thirty percent (30%) of the unadjusted Purchase Price (“Performance Deposit”) by wire transfer to a bank account designated by Seller prior to the Signing Date; provided, however, that if the Signing Date is not a Business Day, Buyer shall deliver the Performance Deposit to Seller at its designated bank account in the United States before 12:00 p.m. CPT on the next Business Day.

Performance Deposit. Contemporaneously with the execution of this Agreement, Buyer Purchaser shall deposit with Seller cash equal to thirty percent (30%) of the unadjusted Purchase Price (“Performance Deposit”) by wire transfer to a bank account designated by Seller prior to the Signing Date; provided, however, that if the Signing Date is not a Business Day or this Agreement is executed after-hours on a Business Day, Buyer Purchaser shall deliver the Performance Deposit to Seller at its designated bank account in the United States before 12:00 p.m. CPT on the next Business Day.

Performance Deposit. Contemporaneously with the Upon Seller’s execution of this AgreementAgreement and prior to its delivery to Buyer, Buyer shall deposit with Seller cash equal to thirty the lesser of (i) fifteen percent (3015%) of the unadjusted Purchase Price or (ii) Forty Million United States Dollars (US $40,000,000) (“Performance Deposit”) ), by wire transfer to a bank account designated by Seller prior to the Signing Date; providedSeller’s execution of this Agreement, provided however, that if the Signing Date this Agreement is not executed on a day other than a Business Day or after-hours on a Business Day, Buyer shall deliver the Performance Deposit to Seller at its designated bank account in the United States before 12:00 p.m. CPT on the next Business Day.

Performance Deposit. Contemporaneously with the execution of this Agreement, Buyer Purchaser shall deposit with Seller cash equal to thirty ten percent (3010%) of the unadjusted Purchase Price (“Performance Deposit”) by wire transfer to a bank account designated by Seller prior to the Signing Date; provided, however, that if the Signing Date is not a Business Day or this Agreement is executed after-hours on a Business Day, Buyer Purchaser shall deliver the Performance Deposit to Seller at its designated bank account in the United States before 12:00 p.m. CPT on the next Business Day.