Tree Deposit Clause Samples

A Tree Deposit clause requires a party, typically a developer or contractor, to pay a specified sum as security for the protection and preservation of trees on a property during construction or related activities. The deposit is usually held by the property owner or local authority and may be forfeited if the trees are damaged or removed in violation of the agreement. This clause ensures that parties have a financial incentive to comply with tree protection requirements, thereby safeguarding valuable landscaping and environmental resources throughout the project.
Tree Deposit. Prior to an ordinance being placed on Council's agenda for acceptance of public improvements in this subdivision, Subdivider will deposit with the Finance Director of the City of Avon the sum of Five Thousand Five Hundred and 00/100 ($5,500.00) Dollars to assure compliance with the requirement of planting of One (1) tree per sublot ($275 x 20) in the Subdivision. The deposit will be refunded by the Finance Director upon verification by the Service Director that trees have been planted in compliance with this Agreement and the Codified Ordinances of the City of Avon.
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Tree Deposit. Not applicable to this Development.
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Tree Deposit. Developer is not required to plant trees as part of this improvement project.
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Tree Deposit. Not applicable to this Project.
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Tree Deposit. Not applicable to the installation of this public improvement.
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Tree Deposit. Prior to an ordinance being placed on Council's agenda for acceptance of public improvements in this subdivision, Subdivider will deposit with the Finance Director of the City
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Tree Deposit. Not applicable to this Project.
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Related to Tree Deposit

  • Escrow Deposit Concurrently with the execution and delivery of this Agreement, the Holder will deliver [the sum of ____________________ Dollars ($_____________) in lawful money of the United States of America by wire transfer of immediately available funds] [and] [[ ] Class A Trust Certificates] [and] [[ ] Class B Trust Certificates] in accordance with Section 14 of the Series Supplement] (the "Escrow Deposit"), to Escrow Agent to be held by Escrow Agent in escrow on the terms and conditions hereinafter provided. Escrow Agent hereby acknowledges receipt of the Escrow Deposit. Any cash amounts in the Escrow Deposit may be increased or decreased in accordance with the terms of Section 2.02(i)(vi) of the Warrant Agreement and the terms of this agreement will apply with equal force and effect to any such increased or decreased cash amounts in the Escrow Deposit.