Forfeit of Deposit. Unless otherwise agreed in writing by the ARC, if Owner or Guarantor fail to complete all required landscaping, revegetation, clean-up, and other requirements of the Governing Documents before the one (1) year anniversary of Wasatch County’s issuance of a Certificate of Occupancy, the Deposit shall be forfeited to the Association. In the case of a Homesite for which a Notice of Noncompliance has been issued, the Deposit shall be forfeited to the Association if the Homesite does not receive a Letter of Certification within one- hundred and twenty (120) calendar days from the date of Notice.
Appears in 3 contracts
Sources: Performance Deposit Agreement, Performance Deposit Agreement, Performance Deposit Agreement