Payment of Deposit and Remaining Balance Sample Clauses

Payment of Deposit and Remaining Balance. If the initial non-refundable Xxxxxxx Money Deposit does not equal Ten Percent (10%) of the Total Purchase Price, High Bidder shall be required to pay the additional monies necessary to bring the Xxxxxxx Money Deposit to ten percent (10%) of the Total Purchase Price no later than three days following Auction day. All monies will be immediately deposited with Auctioneer or an escrow/closing agent or settlement attorney. The balance of the Total Purchase Price, along with all other costs and/or fees, must be paid as required in the Purchase Agreement. If High Bidder fails to timely send the Xxxxxxx Money Deposit, then Auctioneer or Seller can declare the High Bidder to be in default and the backup bidder's Purchase Contract can be signed.

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Payment of Deposit and Remaining Balance. Unless the Property requires an xxxxxxx money deposit greater than three percent (3%) of the Total Purchase Price, the Winning Bidder shall be required to pay an xxxxxxx money deposit in the amount of the greater of (i) three percent (3%) of the Total Purchase Price or (ii) Three Thousand Dollars ($3,000) on any Property purchase. Please check the Property Details Page at the Website and the Purchase Agreement and related information regarding Property-specific deposits. The xxxxxxx money deposit amount required is not dependent on and will not change based on the amount financed. The xxxxxxx money deposit must be sent to the escrow/closing agent no later than 5:00 PM in the time zone where the Property is located on the first Business Day following the date the Winning Bidder executes the Purchase Agreement (including for all Properties sold “subject to Seller Approval”). Such funds are to be immediately deposited with an escrow/closing agent or settlement attorney. The balance of the Total Purchase Price, along with all other costs and/or fees, must be paid as required in the Purchase Agreement. The Auctioneer or Seller in its sole and absolute discretion can declare the Winning Bidder to be in default if the Winning (or Highest) Bidder fails to timely send the xxxxxxx money deposit or Total Purchase Price as set forth above. In the event of a declaration of default, the Winning Bidder’s bid shall be null and void. If the Winning Bidder’s bid becomes null and void, the Auctioneer, Seller’s Broker, and Seller reserve the right to immediately put the Property back up for sale or lease at the Auction and/or declare another Bidder as the Winning (or Highest) Bidder. In the event the Winning (or Highest) Bidder is declared in default, the Winning (or Highest) Bidder shall be subject to liquidated damages and further liability as set forth in the Purchase Agreement.

Related Clauses

• Payment of Deposit
• Payment of Deposits
• Remaining Balance
• Reserve Account
• Payment of GST
• Xxxxxxx Money Deposit
• Custodial Account
• Deposits into Escrow Account
• CUSTODIAL ACCOUNTS
• Payment and Collection

Related to Payment of Deposit and Remaining Balance

• Payment of Deposit The Buyer must pay the Deposit to the Developer. The Developer agrees to accept the payment of the Deposit in 2 instalments as follows:
• Payment of Deposits In the event any depositor does not accept the obligation of the Assuming Institution to pay any Deposit liability of the Failed Bank assumed by the Assuming Institution pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Institution agrees on demand to provide to the Receiver funds sufficient to pay such claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Institution at the time such claim is made. Upon payment by the Assuming Institution to the Receiver of such amount, the Assuming Institution shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.
• Remaining Balance Each Receivable has a remaining balance of at least $2,000.99 and not greater than $82,450.59.
• Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.
• Payment of GST If GST is payable on any supply made by a Party (or any entity through which that Party acts) (Supplier) under or in connection with this Agreement, the recipient will pay to the Supplier an amount equal to the GST payable on the supply.
• Xxxxxxx 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 xxxxxxx 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 Xxxxxxx 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 “Xxxxxxx Money Deposit.”
• Custodial Account Funds in any custodial accounts established by the Servicer and maintained in respect of the REMIC may be invested and, if invested, shall be invested in Eligible Investments selected by the Servicer which shall mature not later than the Business Day immediately preceding the next Remittance Date, and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the REMIC or its nominee. All income and gain realized from any such investment shall be, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, for the benefit of the Servicer as additional compensation and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the relevant account by the Servicer out of its own funds immediately as realized. The foregoing requirements for deposit in such account are exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments of interest on funds in such account and, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, payments in the nature of prepayment fees, late payment charges, assumption fees or any similar fees customarily associated with the servicing mortgage loans paid by any mortgagor need not be deposited by the Servicer in such account and may be retained by the Servicer as additional servicing compensation. If the Servicer deposits in such account any amount not required to be deposited therein, it may at any time withdraw such amount, any provision herein to the contrary notwithstanding.
• Deposits into Escrow Account The Concessionaire shall deposit or cause to be deposited the following inflows and receipts into the Escrow Account:
• CUSTODIAL ACCOUNTS It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.
• Payment and Collection Your bill will be based on monthly meter readings provided to XOOM Energy by your NGDC. If there is an error in your meter reading, XOOM Energy will adjust its bill to you upon your NGDC providing a corrected meter reading to XOOM Energy. You represent that you are financially able and willing to fulfill the terms and conditions of this Agreement and that you have not filed, are not in the process of filing or plan to begin any bankruptcy proceedings. Your first bill payment will be due to the NGDC on the date specified in the NGDC bill. If you do not pay it on time, you could be subject to interest and late charges imposed by the NGDC, and your service could be disconnected. In all events, you shall remain obligated to pay for all natural gas received by you and any interest, fees and penalties incurred by XOOM Energy. You will also be responsible for all costs, including legal fees, associated with the collection of amounts owed to XOOM Energy.