Second Additional Deposit definition

Second Additional Deposit means the sum of Five Hundred Thousand Dollars ($500,000), to be delivered by Buyer pursuant to Paragraph 4.3 within two (2) Business Days after Seller's delivery of the Entitlement Approval Notice.
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Second Additional Deposit. See Section 4.1. “Seller” – See Introductory Paragraph.
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Second Additional Deposit is defined in SECTION 7.13.
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Examples of Second Additional Deposit in a sentence

  • In the event that Buyer exercises its right under Section 1.06 hereof to extend the Termination Date (as defined in Section 1.06 hereof) by paying a Second Additional Deposit (as defined in Section 1.06 hereof) into escrow, such Second Additional Deposit shall become part of the Deposit to be held in escrow in accordance with the terms of this Section 1.

  • From and after the date of deposit, the Second Additional Deposit will be part of the E▇▇▇▇▇▇ Money for all purposes of this Agreement.

  • Except as otherwise set forth herein, the Second Additional Deposit of ▇▇▇▇▇▇▇ Money shall be non-refundable.

  • Upon delivery of any of the ▇▇▇▇▇▇▇ Money, First Additional Deposit and/or Second Additional Deposit, to Seller or Seller’s Construction Lender, Seller shall have the right to use the full amount delivered for purposes related to the construction of the Resort and the Project, as needed based on construction draw requests submitted to Seller’s Construction Lender, and no interest will accrue thereon for the benefit of Purchaser.

  • Purchaser shall pay the Second Additional Deposit of ▇▇▇▇▇▇▇ Money (“Second Additional Deposit”) equal to 10% of the Purchase Price to the Title Company, Seller or Seller’s Construction Lender, as directed by Seller, within 5 days after delivery of notice by Seller to Purchaser that the core and shell inspection for the tower in which the Unit is located has been conducted and approved by Summit County.

  • Purchaser’s failure to pay the Second Additional Deposit when due shall cause this Agreement to terminate and the Initial Deposit and First Additional Deposit shall be retained by Seller as liquidated damages, which the parties agree is fair and reasonable because actual damages are difficult to determine.

  • Provided this Agreement has not been previously terminated in accordance with its terms, the E▇▇▇▇▇▇ Money shall become nonrefundable on the date that Buyer makes the Second Additional Deposit, except as otherwise expressly provided in this Agreement.

  • Landlord’s receipt of the Second Additional Deposit shall be confirmed by Landlord in the Second Expansion Space Commencement Agreement, and the Second Additional Deposit shall not be deemed to have been paid by Tenant unless and until Landlord’s receipt thereof is so confirmed.

  • Buyer shall execute and deliver to Escrow Agent any supplemental escrow instructions required by Escrow Agent to allow Escrow Agent to timely release the Second Additional Deposit to Seller.

  • The Second Additional Deposit, together with interest earned thereon, shall constitute part of the Deposit.


More Definitions of Second Additional Deposit

Second Additional Deposit shall have the meaning set forth in Section 2.2.
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Second Additional Deposit has the meaning set forth in Section 2.03(c)(iii).
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Second Additional Deposit has the meaning set forth in Section 2.03(c)(iii). (ccccc) “Second Additional Bridge Loan” has the meaning set forth in Section 2.03(c)(ii). (ddddd) “Securities” has the meaning set forth in Section 3.24(a).
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Second Additional Deposit shall have the meaning set forth in Section 5.1. 1.1.74 "Seller's Indemnified Parties" shall have the meaning set forth in Section 3.4.1. 1.1.75 "Seller's Property-Related Files and Records" shall have the meaning set forth in Section 5.4.10. 1.1.76 "Seller's Representations" shall have the meaning set forth in Section 6.1. 1.1.77 "Separate Account" shall have the meaning set forth in Section 13.31. 1.1.78 "Shareholder Consent" shall have the meaning set forth in Section 13.30. 1.1.79 "Survey" shall have the meaning ascribed thereto in Section 4.2. 1.1.80 "Survival Period" shall have the meaning set forth in Section 6.3. 1.1.81 "Survival Provisions" shall have the meaning set forth in Section 13.27. 1.1.82 "Telecommunications Easements" shall have the meaning set forth in Section 3.6.2. 1.1.83 "Telecommunications Facilities" shall have the meaning set forth in Section 3.6.2. 1.1.84 "Tenant" means any person or entity entitled to occupy any portion of the Property under a Lease.
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Second Additional Deposit shall have that certain meaning set forth in Section 1.3(c) of this Agreement.
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Related to Second Additional Deposit

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Special deposit claim means any claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including any general assets.