Common use of Additional Deposit Clause in Contracts

Additional Deposit. As additional consideration for the grant of the Option for each Property, the applicable Builder Party agrees to pay the Additional Deposit for a Property as and when required under this Section. “Additional Deposit” shall mean the following amounts:

Appears in 4 contracts

Sources: Master Option Agreement (Millrose Properties, Inc.), Master Option Agreement (Millrose Properties, Inc.), Master Option Agreement (Millrose Properties, Inc.)