Deferred Property Deposit definition
Deferred Property Deposit means, with respect to a particular Deferred Property, the amount equal to the product of (i) of the Deposit then retained by the Title Company and (ii) a fraction, the numerator of which is the Allocated Value of such Deferred Property and the denominator of which is the aggregate Allocated Value of all Deferred Properties that have then not been purchased by the Buyer, together with interest on such product from the date of placement of the Deposit into escrow.