Replacement Deposit Sample Clauses

Replacement Deposit. Replacement Materials" replace the existing Deposit defined by Exhibit B(s). Licensor will submit any Replacement Materials accompanied by an Exhibit B. Within ten (10) days of acceptance by Escrow Holder of such Replacement Materials, Escrow Holder shall notify Licensor and Licensee by issuing a copy of the Exhibit B. Escrow Holder will destroy or return to Licensor all materials that are replaced by the Replacement Materials.
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Replacement Deposit. The Replacement Deposit consisting of replacement materials shall replace the existing Deposit defined by Exhibit A. Licensor will submit the Replacement Deposit accompanied by a revised Exhibit A. Within ten (10) days of acceptance by Agent of such Replacement Deposit, Agent shall notify Licensor and Licensee by issuing a copy of the revised Exhibit A. Agent will destroy or return to Licensor, pursuant to Licensor's directions, all materials that are replaced by the Replacement Deposit.
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Replacement Deposit. Assignee shall have wire transferred to Escrow Agent the $1 million Initial Deposit and the $2 million Supplemental Initial Deposit (which $3 million shall be in replacement of and in exchange for Assignor’s funds that are currently being held in escrow by Escrow Agent and is collectively referred to as the “Replacement Deposit”).
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Replacement Deposit. Replacement materials replace the existing Deposit defined by an Exhibit B(s). Portions of a Deposit may not be replaced. Licensor will submit the Replacement materials accompanied by an Exhibit B. Within ten (10) days of acceptance by DSI of such Replacement materials, DSI shall notify Licensor and Licensee by issuing a copy of the Exhibit B. DSI will destroy or return to Licensor all materials that are replaced by the Replacement Materials as requested by Licensor.
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Replacement Deposit. Replacement Deposit" means and ------------------- includes any material which replaces the Deposit or portions of the Deposit defined by Exhibit B(s). Items of the Deposit defined in an Exhibit B may not be replaced. Licensor will submit the Replacement Deposit accompanied by an Exhibit B. Within ten (10) days of receipt of a request by Licensor to replace, DSI will send a notice to Licensee stating that Licensor request to replace, and DSI will include a copy of the Exhibit B defining the new material. Licensee has thirty (30) days from the mailing of such notice by DSI to instruct DSI to retain the Deposit held by DSI and if so instructed DSI will change the Replacement Deposit to a Supplemental Deposit. Retention could incur an additional storage unit fee as specified by DSI's Fee and Service Schedule. If Licensee does not instruct DSI to retain the Deposit, or portions of the Deposit requested to be replaced, DSI shall permit such Deposit to be replaced with the Replacement Deposit. DSI shall issue a copy of the Exhibit B to Licensor and Licensee within ten (10) days of acceptance of the Replacement Deposit by DSI. DSI will either destroy or return to Licensor all material that is replaced by the Replacement Deposit.
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Related to Replacement Deposit

  • Direct Deposit If you have arranged to have a direct deposit made to your account at least once every 60 days from the same source and you do not receive a receipt (such as a pay stub), you can find out whether or not the deposit has been made by calling (▇▇▇) ▇▇▇-▇▇▇▇. This does not apply to transactions occurring outside the United States.

  • ▇▇▇▇▇▇▇ Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as ▇▇▇▇▇▇▇ money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the ▇▇▇▇▇▇▇ Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “▇▇▇▇▇▇▇ Money Deposit.” (b) The ▇▇▇▇▇▇▇ Money Deposit shall be held by Escrow Agent subject to the terms and conditions of an Escrow Agreement dated as of the date of this Contract entered into by Seller, Buyer and Escrow Agent (the “Escrow Agreement”). The ▇▇▇▇▇▇▇ Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes; provided, however, to the extent that Buyer instructs the Escrow Agent to apply the ▇▇▇▇▇▇▇ Money Deposit toward the Purchase Price in accordance with Section 2.4, interest shall be deemed to have accrued to the benefit of Buyer and be reportable by Buyer for income tax purposes.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Establishment of Escrow Account; Deposits in Escrow Account With respect to those Mortgage Loans on which the Servicer or any Sub-Servicer collects Escrow Payments, if any, the Servicer shall, and shall cause the Sub-Servicer to, segregate and hold all funds collected and received pursuant to each such Mortgage Loan which constitute Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of trust accounts. Such Escrow Accounts shall be established with a commercial bank, a mutual savings bank or a savings and loan association the deposits of which are insured by the FDIC in a manner which shall provide maximum available insurance thereunder, and which may be drawn on by the Servicer. The Servicer shall give notice to the Trustee of the location of any Escrow Account, and of any change thereof, prior to the use thereof. Nothing in this paragraph shall be deemed to require the Servicer to collect Escrow Payments in the absence of a provision in the related Mortgage requiring such collection. The Servicer shall deposit, or cause to be deposited, in any Escrow Account or Accounts on a daily basis, and retain therein, (i) all Escrow Payments collected on account of any Mortgage Loans, for the purpose of effecting timely payment of any such items as required under the terms of this Agreement and (ii) all amounts representing proceeds of any hazard insurance policy which are to be applied to the restoration or repair of any Mortgaged Property. The Servicer shall make withdrawals therefrom only to effect such payments as are required under this Agreement, and for such other purposes as are set forth in Section 5.11. The Servicer shall be entitled to retain any interest paid on funds deposited in the Escrow Account by the depository institution other than interest on escrowed funds required by law to be paid to the related Mortgagor and, to the extent required by law, the Servicer shall pay interest on escrowed funds to the related Mortgagor notwithstanding that the Escrow Account is non-interest-bearing or that interest paid thereon is insufficient for such purposes.

  • Replacements and Replacement Reserve Borrower shall cause Mortgage Borrower to comply with all the terms and conditions set forth in Section 7.3 of the Mortgage Loan Agreement. In the event that, prior to the payment and performance in full of all obligations of Borrower under the Loan Documents, (1) (i) Mortgage Borrower is required to maintain the Replacement Reserve Fund pursuant to the terms of Section 7.3 of the Mortgage Loan Agreement, but Mortgage Lender waives such requirement, (ii) Mortgage Borrower is no longer required pursuant to the terms of the Mortgage Loan Agreement to maintain the Replacement Reserve Fund or (iii) the Mortgage Loan has been repaid in full, and (2) (i) Mezzanine A Borrower is required to maintain the Replacement Reserve Fund pursuant to the terms of Section 7.3 of the Mezzanine A Loan Agreement, but Mezzanine A Administrative Agent waives such requirement, (ii) Mezzanine A Borrower is no longer required pursuant to the terms of the Mezzanine A Loan Agreement to maintain the Replacement Reserve Fund (other than as expressly contemplated under the terms of the Mezzanine A Loan Agreement) or (iii) the Mezzanine A Loan has been repaid in full, then (A) Administrative Agent shall have the right to require Borrower to establish and maintain a reserve account that would operate in the same manner as the Replacement Reserve Fund pursuant to Section 7.3 of the Mortgage Loan Agreement, and (B) the provisions of Section 7.3 of the Mortgage Loan Agreement and all related definitions shall be incorporated herein by reference.