Rejected Contract definition
Examples of Rejected Contract in a sentence
Rejected Contract Activities not removed by Contractor within 10 calendar days will be deemed abandoned by Contractor, and the State will have the right to dispose of it as its own property.
A Previously Omitted Contract designated in accordance with this Section 1.6(b)(i) as “Rejected,” or with respect to which Purchaser fails to timely deliver a Previously Omitted Contract Designation, shall be a Rejected Contract.
If the Bridge Bank chooses to reject an Optional Contract during the Option Period, the Bridge Bank will prepare and provide the BDI Rejected Contract Schedule, or an update thereto, to the Settlement Agent that reflects every Optional Contract rejected by the Bridge Bank and the applicable Option Effective Date (the “Retained Optional Contracts”) each time a Retained Optional Contract is added to the BDI Rejected Contract Schedule.
Promptly after the Bank Closing Date, the Settlement Agent will provide to the Bridge Bank the form spreadsheet that the Bridge Bank must use to identify the Retained Optional Contracts (the “BDI Rejected Contract Schedule”).
Any Retained Contract that is not designated as an Assumed Contract with the timely filing of an Assumption and Assignment Notice and is not designated as a Rejected Contract with the timely filing of a Rejection Notice on or before the expiration of the Retained Contracts Period shall automatically become a Rejected Contract immediately after the expiration of the Retained Contracts Period.