Standard Deposit Clause Samples

The Standard Deposit clause establishes the requirement for a buyer to provide a specified sum of money as a deposit when entering into a contract, typically for the purchase of real estate or goods. This deposit is usually paid upfront and held in trust or escrow until the transaction is completed or terminated according to the contract terms. Its core practical function is to demonstrate the buyer’s commitment to the transaction and to provide the seller with a measure of security in case the buyer fails to fulfill their contractual obligations.
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Standard Deposit. No later than two (2) business days after mutual execution of this Agreement, ▇▇▇▇▇ will deposit with the Escrow Holder (defined below) twenty thousand dollars ($20,000) (the “Standard Deposit”).
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Standard Deposit. Deposit Interest is added to the amount accrued in the Deposit Account in the beginning of the tenor, monthly, quarterly or at maturity;
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Standard Deposit. Upon execution of this Agreement, Owner shall deposit the sum of $500.00 (the "Standard Deposit") to be held by Manager and applied toward any payments which Manager may make on behalf of Owner, as Manager may reasonably deem necessary or convenient to provide the services and fulfill the other obligations of Manager for the benefit of Owner. Further, Manager shall not be required to maintain the Standard Deposit in a separately designated escrow account, as normally required for such funds, but instead, shall be entitled to hold the Standard Deposit with other deposits made by other property owners pursuant to rental and/or homecare agreements with Manager in one or more working capital accounts of Manager. Manager shall not be required to pay any interest on the Standard Deposit. Within sixty (60) days after the termination or expiration of this Agreement, Manager shall return the balance of the Standard Deposit to Owner.
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Related to Standard Deposit

  • Payment of Deposit That the Licensee have paid / shall pay the above mentioned deposit/premium as mentioned above by Cash. Amount Rs.50000/-(Fifty Thousand Only)

  • Mobile Deposit The Mobile Deposit feature enables you to use a software application together with your Wireless Access Device to create electronic images of the front and back of certain Original Checks (defined below) and transmit those images and other information, including, without limitation, information captured from the magnetic ink character recognition (“MICR”) line, to us for review and processing in accordance with this Agreement.

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • Principal Depository Borrower shall maintain its principal depository and operating accounts with Bank.

  • Deposits into Escrow Account (a) Issuer Party shall direct Subscribers to, and Subscribers shall, directly deliver to NCPS all Cash Investment Instruments for deposit in the Escrow Account. Each such direction shall be accompanied by a Subscription Accounting. ALL FUNDS DEPOSITED INTO THE ESCROW ACCOUNT PURSUANT TO THIS SECTION 3 SHALL REMAIN THE PROPERTY OF EACH SUBSCRIBER ACCORDING TO SUCH SUBSCRIBER’S INTEREST AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY NCPS OR BY JUDGMENT OR CREDITORS’ CLAIMS AGAINST ISSUER PARTY UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH SECTION 4(a). ISSUER PARTY SHALL NOT RECEIVE CASH INVESTMENT INSTRUMENTS DIRECTLY FROM SUBSCRIBERS. (b) Issuer Party understands and agrees that all Cash Investment Instruments received by NCPS pursuant to this Agreement are subject to collection requirements of presentment, clearing and final payment, and that the funds represented thereby cannot be drawn upon or disbursed until such time as final payment has been made and is no longer subject to dishonor. NCPS shall process each Cash Investment Instrument for collection promptly upon receipt, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with Section 4. If, upon presentment for payment, any Cash Investment Instrument is dishonored, NCPS’s sole obligation shall be to notify Issuer Party of such dishonor and, if applicable, to promptly return such Cash Investment Instrument to Subscriber. Notwithstanding, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer Party shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof, including, without limitation, any fees or expenses with respect thereto, which NCPS may collect from Issuer Party pursuant to Section 10. (c) Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Cash Investment, NCPS’s sole obligation shall be to notify Issuer Party, depending upon the source of the of the Cash Investment Instrument, of such fact and to pay to Subscriber by the same method the amount of the Cash Investment received by NCPS from such Subscriber or promptly return to Subscriber such Subscriber’s Cash Investment Instrument upon receipt from Subscriber of any required payment instructions; provided that amounts in excess of $25,000 will be returned via wire transfer upon confirmation by NCPS of Subscriber’s account information. (d) NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not properly made payable or endorsed as set forth in Section 1(d). (e) Issuer Party shall, or cause Subscriber to, provide NCPS with information sufficient to effect such return to Subscriber as outlined in this Section 3, including, without limitation, updated payment information in the event a return to Subscriber for any reason cannot be made by the same method as received by NCPS. (f) In the event any party other than NCPS receives a Cash Investment Instrument, Issuer Party agrees to promptly, and in no event later than one Business Day after receipt, deliver or cause to be delivered such Cash Investment Instrument to NCPS for deposit into the Escrow Account.