Interest Addition Notice definition

Interest Addition Notice is defined in Section 7.6.
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Interest Addition Notice as defined in Section 11.09.
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Interest Addition Notice has the meaning set forth in Section 5.3.
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Examples of Interest Addition Notice in a sentence

  • If Buyer contests the existence of the Interest Addition or Seller’s good faith estimate of the Interest Addition Value, then Buyer shall so notify Seller in writing within five (5) Business Days after Buyer’s receipt of the Interest Addition Notice (“Interest Addition Rejection Notice”).

  • Seller shall conclusively be deemed to have waived any additional interest not asserted by an Interest Addition Notice on or before the Title Claim Date.

  • Each such notice of an Interest Addition (an "Interest Addition Notice") shall set forth Seller's basis for the assertion of such Interest Addition and Seller's proposed Purchase Price adjustment on account thereof.

  • Upon timely delivery of an Interest Addition Notice, Buyer and Seller shall meet and use their Best Efforts to agree on the validity of the Interest Additions asserted therein and the adjustments to the Purchase Price attributable thereto.

  • Upon receipt of an Interest Addition Notice or discovery by Buyer of an Interest Addition, Buyer may, in its sole discretion, provide notice to Seller that Buyer wishes to acquire the Interest Addition, in which case the Interest Addition shall be deemed to be a part of the Assets hereunder for all purposes.


More Definitions of Interest Addition Notice

Interest Addition Notice is defined in Section 4.3(b).
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Related to Interest Addition Notice

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Selection Notice means a notice substantially in the form set out in Part II of Schedule 3 (Requests) given in accordance with Clause 9 (Interest Periods).

  • Title Defect Notice shall have the meaning set forth in Section 11.2(a).

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Title Defect means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.

  • Servicer Termination Notice Defined in Section 6.15.