Notice Deposit definition
Examples of Notice Deposit in a sentence
No later than fourteen (14) calendar days after the date of Final Approval, Robinhood shall pay to the Settlement Administrator the Settlement Fund, less any amounts paid for the Initial Notice Deposit and other funds paid to the Settlement Administrator.
No later than twenty business days (20) calendar days after the date of Final Approval, UnitedHealthcare shall pay to the Settlement Administrator the Settlement Fund, less any amounts paid for the Initial Notice Deposit.
If the Non-Triggering Party fails to deliver the Purchase Notice Deposit in the manner described above, then the Non-Triggering Party shall be deemed to have failed to exercise the Purchase Option.
If the closing of the sale of the Property to the Purchasing Party occurs, then Purchase Notice Deposit or, if applicable, the Pro Rata Deposit Amounts of the Purchase Notice Deposits not returned pursuant to Section 3.6(e)(iii) shall be applied towards the Purchase Price at closing.
Time shall be of the essence with respect to Purchaser’s delivery of the Extension Notice and the Extension Notice Deposit.