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If a Successful Bidder fails to consummate an approved Sale because of a breach or failure to perform on the part of such Successful Bidder, the Debtor will not have any obligation to return the Good Faith Deposit deposited by such Successful Bidder, and such Good Faith Deposit shall irrevocably become property of the Debtor without affecting or reducing any of the Debtor's other rights or claims against such party.
In addition, travel agents booking groups by July 31, 2010, receive a guaranteed 18 percent commission, a one-for-15 tour conductor, a standard cocktail party, a 90-day waiver of the good faith deposit, and a 50 percent reduction of good faith deposit.
but good faith deposits between vendor and buyer remain.
In addition, the parties have agreed to use a previously issued $350,000 good faith deposit to prepare and move the leased equipment for use.
``You have to have a $1 million good faith deposit before you can place a bid, so unless you've got a million bucks in your pocket, you can't come and buy us,'' he said.
Sunrise to buy Constellation's senior living assets," November 1999] Sunrise's good faith deposits in the amount of $1.
Since he didn't have his checkbook with him, I used the bottle of perfume as a good faith deposit.
5) Include a certified or bank check or wire transfer in the amount equal to 5% of the proposed purchase price as a good faith deposit.