Ratified Contract definition

Ratified Contract means any Contract that, within a reasonable period of time following the election of at least two independent directors of the Company, is ratified by such independent directors.
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Ratified Contract means a bona fide contract for the purchase of a Unit by a Person that is not the Borrower or a Subsidiary or an Affiliate of the Borrower or a Subsidiary, (1) which contract has been executed and delivered by the parties and is in the form customarily used by the Borrower; (2) with respect to which contract no default exists; (3) under which contract there are no remaining contingencies other than a customary mortgage contingency, provided that the Borrower has reasonably determined that the applicable buyer is qualified to obtain a mortgage loan on the terms described in such mortgage contingency; and (4) under which contract the purchaser has made a ▇▇▇▇ ▇▇▇▇▇▇▇ money deposit or down payment in an amount that is customary.
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Ratified Contract means a bona fide contract for the purchase of a Unit by a Person that is not the Borrower or a Subsidiary or an Affiliate of the
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Examples of Ratified Contract in a sentence

  • LOAN APPLICATION: Purchaser agrees to make written loan application with Lender within Five (5) days of Ratified Contract date.

  • Purchaser agrees to make written loan application with designated 44 Lender within five (5) days of Ratified Contract date.

  • If DMC accepts this proposal in writing, this instrument shall become a ("Ratified") Contract between the Purchaser and DMC.

  • If such loan commitment cannot be obtained within forty-five (45) days of the Ratified Contract Date, then this Contract shall become null and void at the option of DMC only.

Related to Ratified Contract

  • Specified Contract means any of the following Contracts (together with all exhibits and schedules thereto) to which the Company or any Subsidiary is a party:

  • Qualified Contract A Contract that qualifies under the Code as an individual retirement annuity (“IRA”) or a Contract purchased under a Qualified Plan that qualifies for special tax treatment under the Code. Qualified Plan — A retirement plan that receives favorable tax treatment under Section 401, 403, 408, 408A or 457 of the Code. SEC — Securities and Exchange Commission.

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Existing Contract means an unexpired Contract entered into by the Council and a Provider for works, services and/or goods.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;