Upgrade Letters definition
Upgrade Letters that letter agreement pursuant to which a prospective resident, in consideration for the payment of a non-refundable deposit equal to the cost of construction of any requested upgrades, may request that certain upgrades be made to his/her reserved unit at his/her sole cost and expense during the course of the construction thereof. "Welfare Plan" -- any "employee welfare benefit plan" as defined in Section 3(1) of ERISA:
Examples of Upgrade Letters in a sentence
The Company has furnished to the Purchaser true and correct copies of the Master Trust Documents and the Housing Occupancy Documents, together with the Reservation Agreements and/or Upgrade Letters, if applicable, executed by each prospective resident of the Housing Units who has not as of the date hereof elected to terminate such Reservation Agreement.