Fence Contract definition

Fence Contract means the contract for installation, use and removal of certain fencing on the Real Property, which Fence Contract is attached as Schedule 3.5 attached hereto. The term of the Fence Contract is for twelve (12) months and commenced on April 20, 2018. The payment obligations under the Fence Contract will be allocated between Seller and Purchaser as follows: Seller shall be responsible for a percentage of such obligations equal to a fraction, the numerator of which is the number of days from the date of the Fence Contract to, but not including, the Closing Date and the denominator of which is 360; and Purchaser shall be responsible for a percentage of such obligations equal to a fraction, the numerator of which is the number of days from and including the Closing Date to and including the last day of the scheduled term of the Fence Contract and the denominator of which is 360. Seller shall perform its obligations under the Fence Contract until the Closing Date. Purchaser agrees, at Closing, to assume the Fence Contract and be responsible for any obligations arising under the Fence Contract on or after the Closing Date.
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Examples of Fence Contract in a sentence

  • Purchaser agrees, at Closing, to assume the Fence Contract and be responsible for any obligations arising under the Fence Contract on or after the Closing Date.

  • The payment obligations under the Fence Contract shall be prorated as of the Closing Date in accordance with Section 3.5.

  • Seller shall perform its obligations under the Fence Contract until the Closing Date.

  • The term of the Fence Contract is for twelve (12) months and commenced on April 20, 2018.

  • Licensor hereby grants to Licensee, and Licensee hereby accepts, a License to install, maintain, operate and remove at the end of the term hereof, a 4 (four) foot wood picket fence at a location and of the specific type and size shown on the First Fence Contract and Plat of Survey, Group Exhibit “A” attached to and made a part of this License.