Applicable Terms. In the Option Agreement, the terms “Option Payment”, “Additional Deposit”, “Applicable Rate”, “Calculation Date”, “Maximum Rate”, “Minimum Rate”, “Pause Rate”, and “Person” shall have the meaning given in Schedule 1 attached hereto. Each Property shall have a separately calculated Applicable Rate and Pause Rate which shall be fixed and determined as of the “Calculation Date” and the Applicable Rate shall be set forth and confirmed in such Property’s Addendum.
Appears in 4 contracts
Sources: Master Program Agreement (Millrose Properties, Inc.), Master Program Agreement (Millrose Properties, Inc.), Master Program Agreement (Millrose Properties, Inc.)