Examples of Deposit in a sentence
Escrow Agent will be required to (i) hold and maintain the Deposits in a secure, locked, and environmentally safe facility, which is accessible only to authorized representatives of Escrow Agent, (ii) protect the integrity and confidentiality of the Deposits using commercially reasonable measures and (iii) keep and safeguard each Deposit for one (1) year.
Escrow Agent may be permitted to duplicate any Deposit, in order to comply with the terms and provisions of the escrow agreement.
Bank may place your funds without regard to whether such funds may exceed the Deposit Limit at one or more Program Banks, even if your funds could be placed in one or more Program Banks in an amount less than the Deposit Limit.
Bidder’s failure to sign a Purchase Contract after entering a winning bid at the Auction shall be a default under this Agreement and Bidder waives any claim to the Deposit as a result of such Default.
In the event that Bidder does not win the Auction, Auctioneer shall refund the Deposit to Bidder within two (2) business days following the date of the Auction.