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 is defined in Section 4.3(b).
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Examples of Interest Addition Notice in a sentence

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

  • For any Interest Addition asserted by Seller in an Interest Addition Notice by the Defect Notice Time, if Buyer fails to timely deliver an Interest Addition Rejection Notice, Buyer shall be deemed to have accepted the validity of such Interest Addition and such Interest Addition Value, (subject to Section 7.6(d)) the Purchase Price shall be increased by an amount equal to such Interest Addition Value.

  • 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.

  • The Seller Parties shall conclusively be deemed to have waived any additional interest not asserted by an Interest Addition Notice on or before the Defect Notice Time.

  • 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 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.

  • 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.


More Definitions of Interest Addition Notice

Interest Addition Notice has the meaning set forth in Section 5.3.
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Related to Interest Addition Notice

  • Addition Notice With respect to the transfer of Subsequent Mortgage Loans to the Trust Fund pursuant to Section 2.08, a notice of the Depositor's designation of the Subsequent Mortgage Loans to be sold to the Trust Fund and the aggregate principal balance of such Subsequent Mortgage Loans as of the Subsequent Cut-off Date. The Addition Notice shall be given not later than three Business Days prior to the related Subsequent Transfer Date and shall be substantially in the form attached hereto as Exhibit P.

  • Allocation Notice shall have the meaning assigned to such term in Section 11.14(i) hereof.

  • Determination Notice is defined in Section 6.1(b)(i) of the Agreement.

  • Reduction Notice has the meaning set forth in Section 1.3.

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Agent to a Collection Bank.

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Objection Notice has the meaning set forth in Section 2.3(a) of this Agreement.

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

  • 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).

  • Valuation Notice means the notice given by the Partnership pursuant to Section 8.5(b) or Section 8.6(a) and stating the Initial Value at which a Purchase Right is to be exercised or at which a Repurchase Obligation is to be effected.

  • Rectification Notice means a notice in writing that identifies a defect in a work and requires rectification of the defect within a specified period of time.

  • Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit I.

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy.

  • Contribution Notice means a contribution notice issued by the Pensions Regulator under section 38 or section 47 of the Pensions Xxx 0000.

  • Escalation Notice has the meaning set forth in Section 8.02.

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

  • Penalty Notice means a notice given to a Person pursuant to section 5 of this By-law;

  • Nomination Notice means all information and documents that a Nominating Shareholder is required to submit to the Secretary of the Corporation pursuant to Section 3.11f.

  • Rate Determination Notice has the meaning specified in Section 3.07(g).

  • Variation Notice means a written notice signed by a Shareholder (or each Shareholder in the case of a joint shareholding) under clause 8.1 in the form prescribed or approved by the Board from time to time, which may (without limitation) be combined with, or form part of, any other form or notice including an Election Form).

  • Substitution Notice has the meaning specified in Section 2.17 (Substitution of Lenders).

  • 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 as used herein shall mean any encumbrance, encroachment, irregularity, defect in or objection to Seller’s title to the Interests (excluding Permitted Encumbrances), that alone or in combination with other defects renders Seller’s title to the Interests or part thereof less than Defensible Title.

  • Acquisition Notice has the meaning set forth in Section 2.5(a).

  • Servicer Termination Notice Defined in Section 6.11.