BASIC DEFINITIONS definition

BASIC DEFINITIONS. “Affidavit” shall have the meaning set forth in Section 7.1. “Business Day” shall mean a day that is not a Saturday, Sunday or legal holiday for national banks in Alameda County, California. “Claims” shall have the meaning set forth in Section 3.6. “Closing” shall mean the close of Escrow to effect the sale of the Property to Buyer. “Closing Date” shall mean the date of the Closing and shall be the date which is forty-five (45) days following the expiration of the Contingency Period, or such other date as mutually agreed upon by Buyer and Seller. By providing Seller with written notice no later than five (5) business days prior to Closing and simultaneously depositing into Escrow an additional Deposit in the amount of $250,000.00 (the “Extension Deposit”), Buyer shall have the right to extend the date of Closing by thirty (30) days (the “Buyer’s Closing Extension”). “Contingency Period” means the period commencing on the Effective Date and ending at 5:00 P.M., Pacific Time on October 23, 2020. “Contract Period” shall mean the period between the Effective Date and the Closing Date or earlier termination of this Agreement. “Contracts” shall mean all service contracts and similar agreements concerning the furnishing of goods and services to Seller with respect to the Property. “Deed” shall have the meaning set forth in Section 6.1. “Deposit” means the aggregate of the Initial Deposit and, if it has been deposited in the Escrow, the Additional Deposit and the Extension Deposit.
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Examples of BASIC DEFINITIONS in a sentence

  • BASIC DEFINITIONS 1 Section 1.1. Closing Date 1 Section 1.2. Contract Period 1 Section 1.3. Due Diligence Period 1 Section 1.4. Personal Property 1 Section 1.5. Property 1 Section 1.6. Real Property 1 Section 1.7. Title Company 1 SECTION 2.

  • Date_____________, 20___ [Name of Trade Contractor/Consultant] By its: (INSERT NAMES OF EMPLOYEES WHO MAY COME IN CONTACT WITH PUPILS) DEFINITIONS BASIC DEFINITIONS NOTE: The following shall not be construed as a comprehensive list of all definitions in the Contract Documents and there may be other definitions set forth in the Contract Documents.