Rescission Notice Sample Clauses
Rescission Notice. Rescission occurs when the purchaser gives written notice of rescission to the subdivider or subdivider's agent or the lender at the address stated in the contract, agreement, or other evidence of indebtedness. Notice of rescission, if given by mail is effective when it is deposited in a mailbox properly addressed and postage prepaid. A notice of rescission given by the purchaser need not take a particular form and is sufficient if it indicates by any form of written expression the intention of the purchaser not to be bound by the contract, agreement, or other evidence of indebtedness.
Rescission Notice. See Section 11.3.
Rescission Notice. Within fifteen calendar days after signing this Agreement, Employee has the right to rescind only that provision of this paragraph releasing Zamba from liability for charges or actions brought pursuant to the ADEA, Title VII, ADA and Minnesota Human Rights Act. To be effective, the rescission must be in writing and delivered to Zamba, at 0000 Xxxxxxxxx Xxxx., Xxxxx 000, Xxxxxxxxxxx, XX 00000. If delivered by mail, the rescission must be:
A. Postmarked within the 15-day period; B. Properly addressed to Zamba; and C. Sent by certified mail, return receipt requested. In the event Employee rescinds this Agreement, Zamba has no obligations to him under this Agreement, and Employee agrees to repay Zamba any funds already paid to him under this Agreement. This Agreement shall not become effective until the 15-day rescission period has elapsed.
Rescission Notice. (a) If the party in default has not remedied the default within 7 days the other party may give a rescission notice.
(b) The rescission notice must:
(i) specify the particulars of the failure to comply with the default notice; and
(ii) state that the contract will be ended in 10 days after the notice is given unless:
A. the default is remedied; and
B. further costs of $440, including GST are paid.
(c) The party serving the rescission notice may extend performance of the rescission notice in writing.
(d) If the contract ends by a rescission notice given by the purchaser:
(i) The purchaser must be repaid any money paid under the contract and be paid any interest, costs and reasonable losses payable under the contract; and
(ii) All those amounts are a charge on the land until payment; and
(iii) The purchaser may also recover any loss otherwise recoverable.
(e) If the contract ends by a rescission notice given by the vendor:
(i) The deposit is forfeited to the vendor as the vendor's absolute property, whether the deposit has been paid or not; and
(ii) The vendor is entitled to possession of the property; and
(iii) In addition to any other remedy, the vendor may within one year of the contract ending either:
A. Retain the property and xxx for damages for breach of contract; or
B. Resell the property in any manner and recover any deficiency in the price on the resale and any resulting expenses by way of liquidated damages; and
(iv) The vendor may retain any part of the price paid until the vendor's damages have been determined and may apply that money towards those damages; and
(v) Any determination of the vendor's damages must take into account the amount forfeited to the vendor.
Rescission Notice. Within fifteen (15) calendar days after signing this Agreement, Txxxxx has the right to rescind this Agreement. To be effective, the rescission must be in writing and delivered to XATA. If delivered by mail, the rescission must be:
(a) Postmarked within the 15-day period;
(b) Properly addressed to: XATA Corporation 100 Xxxx Xxxxx Xxxx, Xxxxx 00 Xxxxxxxxxx, XX 00000 Attention: Mxxx Ties, CFO
(c) Sent by certified mail, return receipt requested. Txxxxx understands and agrees that if he exercises any right of rescission, XATA may at its option either nullify this Agreement in its entirety or keep it in effect as to all claims not rescinded in accordance with the rescission provisions of this Agreement. In the event that XATA opts to nullify the entire Agreement, neither Txxxxx nor XATA will have any rights or obligations whatsoever under this Agreement. Txxxxx understands and agrees that he will not be entitled to receive the payment of additional severance compensation provided in Paragraph 2, the payment of insurance premiums provided in Paragraph 3, or the letter of reference provided in Paragraph 4 above, in the event he chooses to rescind, and XATA opts to nullify, this Agreement. Any rescission, however, will not and does not affect the separation of Txxxxx from employment with XATA as of the date set forth in Paragraph 1.
Rescission Notice. Rescission Notice" shall have the meaning set forth in Section 1.2 of the Agreement.
Rescission Notice. Within fifteen calendar days after signing this Agreement, Holden has the right to rescind only that provision of this paragraph releasing Zamba from liability for charges or actions brought pursuant to the ADEA, Title VII, ADA and the Minnesota Human Rights Act. To be effective, the rescission must be in writing and delivered to Zamba, at 0000 Xxxxxxxxx Xxxx., Xxxxx 000, Xxxxxxxxxxx, XX 00000. If delivered by mail, the rescission must be:
A. Postmarked within the 15-day period;
B. Properly addressed to Zamba; and
C. Sent by certified mail, return receipt requested. In the event Holden rescinds this Agreement, Zamba has no obligations to him under this Agreement and Holden agrees to repay Zamba any funds already paid to him under this Agreement.
Rescission Notice. See Section 11.4. ------------------ Sands. See preamble. -----
Rescission Notice. Within fifteen (15) calendar days after signing this Agreement and the Release, Employee has the right to rescind this Agreement and the Release. To be effective, the rescission must be in writing and delivered to the Company at the following address: If delivered by mail, the rescission must be:
(a) Postmarked within the 15-day period;
(b) Properly addressed to the Company at the address stated above; and
(c) Sent by certified mail, return receipt requested. Employee understands that this Agreement will not become effective or enforceable unless and until he has signed and not rescinded this Agreement or the Release and the rescission period has expired.
Rescission Notice. 3 1.5 Certain Adjustments to the Conversion Price................................................... 3 1.6 Closings...................................................................................... 4