{"component": "clause", "props": {"groups": [{"samples": [{"hash": "3DKD0sm2325", "uri": "/contracts/3DKD0sm2325#contract-consideration", "label": "Purchase and Sale Agreement (Steadfast Income REIT, Inc.)", "score": 24.0171108246, "published": true}, {"hash": "lePDbAUyACb", "uri": "/contracts/lePDbAUyACb#contract-consideration", "label": "Purchase and Sale Agreement (Steadfast Income REIT, Inc.)", "score": 23.986995697, "published": true}, {"hash": "Ko2AtZs0gn", "uri": "/contracts/Ko2AtZs0gn#contract-consideration", "label": "Purchase and Sale Agreement (Steadfast Income REIT, Inc.)", "score": 23.7570152283, "published": true}], "snippet": "The parties have bargained for and expressly agree that the rights and obligations of each party contained in this Agreement, including, without limitation, Buyer\u2019s obligation to deliver the Initial Deposit to Escrow Holder, constitute sufficient consideration for the other party\u2019s execution, delivery and obligations under this Agreement, including without limitation, Buyer\u2019s exclusive right to inspect and purchase the Membership Interests pursuant to this Agreement and all contingencies and conditions of Closing for the benefit of Buyer set forth in this Agreement.", "snippet_links": [{"key": "the-parties", "type": "definition", "offset": [0, 11]}, {"key": "rights-and-obligations-of-each-party", "type": "clause", "offset": [60, 96]}, {"key": "in-this-agreement", "type": "definition", "offset": [107, 124]}, {"key": "obligation-to-deliver", "type": "clause", "offset": [165, 186]}, {"key": "to-escrow-holder", "type": "definition", "offset": [207, 223]}, {"key": "sufficient-consideration", "type": "clause", "offset": [236, 260]}, {"key": "other-party", "type": "definition", "offset": [269, 280]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [307, 339]}, {"key": "including-without-limitation", "type": "clause", "offset": [341, 369]}, {"key": "right-to-inspect", "type": "clause", "offset": [389, 405]}, {"key": "the-membership-interests", "type": "clause", "offset": [419, 443]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [444, 470]}, {"key": "conditions-of-closing", "type": "definition", "offset": [497, 518]}, {"key": "of-buyer", "type": "clause", "offset": [535, 543]}], "size": 5, "hash": "4207cafd7f508c5a81aab9445498b351", "id": 2}, {"samples": [{"hash": "rj2GmBhBLs", "uri": "/contracts/rj2GmBhBLs#contract-consideration", "label": "Purchase and Sale Agreement", "score": 28.5633468628, "published": true}, {"hash": "cqJWMuDdiRl", "uri": "/contracts/cqJWMuDdiRl#contract-consideration", "label": "Purchase and Sale Agreement", "score": 28.5633468628, "published": true}, {"hash": "96Eji265Zv2", "uri": "/contracts/96Eji265Zv2#contract-consideration", "label": "Purchase and Sale Agreement", "score": 28.5633468628, "published": true}], "snippet": "Buyer shall deliver to Escrow Holder, in addition to and as part of Buyer\u2019s delivery to Escrow Holder of the Initial Deposit, the sum of One Hundred Dollars ($100.00) (\u201cIndependent Contract Consideration\u201d). Escrow Holder shall deliver the Independent Contract Consideration to Seller immediately following receipt from Buyer without the need for further instruction from the parties. The parties have bargained for and expressly agree that the rights and obligations of each party contained in this Agreement, including, without limitation, Buyer\u2019s obligations to deliver the Independent Contract Consideration to Seller and the Initial Deposit to the Escrow Holder, constitute sufficient consideration for the other party\u2019s execution, delivery, and obligations under this Agreement, including, without limitation, Buyer\u2019s exclusive right to inspect and purchase the Property pursuant to this Agreement and all contingencies and conditions of Closing for the benefit of Buyer set forth in this Agreement.", "snippet_links": [{"key": "buyer-shall", "type": "clause", "offset": [0, 11]}, {"key": "to-escrow-holder", "type": "definition", "offset": [20, 36]}, {"key": "in-addition-to", "type": "clause", "offset": [38, 52]}, {"key": "of-buyer", "type": "clause", "offset": [65, 73]}, {"key": "delivery-to-escrow", "type": "clause", "offset": [76, 94]}, {"key": "initial-deposit", "type": "clause", "offset": [109, 124]}, {"key": "sum-of", "type": "clause", "offset": [130, 136]}, {"key": "independent-contract-consideration", "type": "clause", "offset": [169, 203]}, {"key": "the-independent", "type": "clause", "offset": [235, 250]}, {"key": "consideration-to-seller", "type": "clause", "offset": [260, 283]}, {"key": "further-instruction", "type": "clause", "offset": [346, 365]}, {"key": "the-parties", "type": "definition", "offset": [371, 382]}, {"key": "rights-and-obligations-of-each-party", "type": "clause", "offset": [444, 480]}, {"key": "in-this-agreement", "type": "definition", "offset": [491, 508]}, {"key": "without-limitation", "type": "clause", "offset": [521, 539]}, {"key": "seller-and-the", "type": "clause", "offset": [614, 628]}, {"key": "the-escrow", "type": "definition", "offset": [648, 658]}, {"key": "sufficient-consideration", "type": "clause", "offset": [678, 702]}, {"key": "other-party", "type": "definition", "offset": [711, 722]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [750, 782]}, {"key": "right-to-inspect", "type": "clause", "offset": [833, 849]}, {"key": "the-property", "type": "clause", "offset": [863, 875]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [876, 902]}, {"key": "conditions-of-closing", "type": "definition", "offset": [929, 950]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [951, 969]}], "size": 7, "hash": "e4ebcf45ff28130c01ed63b00a17dbf3", "id": 1}, {"samples": [{"hash": "2fc14BfX7gQ", "uri": "/contracts/2fc14BfX7gQ#contract-consideration", "label": "Milk Supply Agreement", "score": 36.4100990295, "published": true}, {"hash": "3sFSZcJOtSe", "uri": "/contracts/3sFSZcJOtSe#contract-consideration", "label": "Milk Supply Agreement", "score": 33.7018051147, "published": true}, {"hash": "k2kCwMlasEx", "uri": "/contracts/k2kCwMlasEx#contract-consideration", "label": "Milk Supply Agreement", "score": 32.6502380371, "published": true}], "snippet": "In addition to the Announced Base Milk Price, you will be paid the Contract Consideration Payment for each month on all the milk provided you have supplied to the Milk Co- operative for that month. The Contract Consideration Payment for a month will be calculated as follows: $A = B x C $A is the Contract Consideration Payment for the relevant month. B is the amount of milk in litres supplied by you for the relevant month. C is the rate specified in Item 6.", "snippet_links": [{"key": "in-addition-to-the", "type": "clause", "offset": [0, 18]}, {"key": "milk-price", "type": "definition", "offset": [34, 44]}, {"key": "the-contract", "type": "clause", "offset": [63, 75]}, {"key": "consideration-payment", "type": "definition", "offset": [76, 97]}, {"key": "a-month", "type": "definition", "offset": [237, 244]}, {"key": "be-calculated-as-follows", "type": "clause", "offset": [250, 274]}, {"key": "relevant-month", "type": "definition", "offset": [336, 350]}, {"key": "the-rate", "type": "definition", "offset": [431, 439]}, {"key": "item-6", "type": "definition", "offset": [453, 459]}], "size": 3, "hash": "99cd69b2da814bb626611078723ac2b5", "id": 3}, {"samples": [{"hash": "jYII0r5sfSg", "uri": "/contracts/jYII0r5sfSg#contract-consideration", "label": "Contract for Provision of Aircraft Spares", "score": 33.8749791903, "published": true}], "snippet": "a. Within two weeks of Contract Award the Authority shall arrange payment of Line Item 2 to the Contractor as consideration to ensure this Contract is legally binding.", "snippet_links": [{"key": "two-weeks", "type": "clause", "offset": [10, 19]}, {"key": "contract-award", "type": "definition", "offset": [23, 37]}, {"key": "the-authority", "type": "clause", "offset": [38, 51]}, {"key": "payment-of", "type": "definition", "offset": [66, 76]}, {"key": "item-2", "type": "definition", "offset": [82, 88]}, {"key": "to-the-contractor", "type": "clause", "offset": [89, 106]}, {"key": "to-ensure", "type": "clause", "offset": [124, 133]}, {"key": "this-contract", "type": "definition", "offset": [134, 147]}, {"key": "legally-binding", "type": "definition", "offset": [151, 166]}], "size": 1, "hash": "b8d585cb7b0096f4a50fdda249f58261", "id": 7}, {"samples": [{"hash": "axx6FDQqdcr", "uri": "/contracts/axx6FDQqdcr#contract-consideration", "label": "Subcontractor Agreement (Terremark Worldwide Inc)", "score": 16.0, "published": true}], "snippet": "3.1 The sum to be paid by Terremark to the Subcontractor for the Work included in this Contract shall be: Twenty-four Million Eight Hundred Thirty Two Thousand Three Hundred Thirty Six and No/100 Dollars ( S 24,832,336.00 ) in current funds, subject to additions and deductions as herein provided, which sums shall include all permits, fees, inspection costs and/or taxes required by any division of Federal, State or local government. This is a fixed price contract with a Contract Price of $24,832,336 including all Change Orders issued to date. The Schedule of Values shall be used solely in aid of determining progress payments.", "snippet_links": [{"key": "the-subcontractor", "type": "clause", "offset": [39, 56]}, {"key": "work-included", "type": "definition", "offset": [65, 78]}, {"key": "in-this-contract", "type": "clause", "offset": [79, 95]}, {"key": "two-thousand", "type": "clause", "offset": [147, 159]}, {"key": "current-funds", "type": "clause", "offset": [227, 240]}, {"key": "subject-to", "type": "definition", "offset": [242, 252]}, {"key": "additions-and-deductions", "type": "clause", "offset": [253, 277]}, {"key": "inspection-costs", "type": "clause", "offset": [342, 358]}, {"key": "required-by", "type": "definition", "offset": [372, 383]}, {"key": "state-or-local-government", "type": "definition", "offset": [409, 434]}, {"key": "fixed-price-contract", "type": "definition", "offset": [446, 466]}, {"key": "contract-price", "type": "definition", "offset": [474, 488]}, {"key": "change-orders", "type": "clause", "offset": [518, 531]}, {"key": "issued-to", "type": "definition", "offset": [532, 541]}, {"key": "schedule-of-values", "type": "clause", "offset": [552, 570]}, {"key": "progress-payments", "type": "definition", "offset": [614, 631]}], "size": 1, "hash": "4fa264fbacf7f011ea879059359814bc", "id": 8}, {"samples": [{"hash": "7E19Zn3fb1Q", "uri": "/contracts/7E19Zn3fb1Q#contract-consideration", "label": "Agreement for Design and Installation of Audio Visual Equipment Systems", "score": 23.3668727875, "published": true}], "snippet": "It is expected that the contract shall be a services based agreement after negotiation.", "snippet_links": [{"key": "the-contract", "type": "clause", "offset": [20, 32]}], "size": 2, "hash": "8481728d563615c4bffbdab3622e19a3", "id": 6}, {"samples": [{"hash": "dr88YO1BzkR", "uri": "/contracts/dr88YO1BzkR#contract-consideration", "label": "Purchase and Sale Agreement", "score": 22.5523605347, "published": true}, {"hash": "47SvfDoVa08", "uri": "/contracts/47SvfDoVa08#contract-consideration", "label": "Economic Development Agreement", "score": 22.5523605347, "published": true}], "snippet": "Simultaneously with its deposit of the \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Money, Buyer shall deposit with Title Company cash in the amount of One Hundred Dollars ($100.00) as independent consideration for this Agreement (\u201cContract Consideration\u201d), which Contract Consideration shall be non-refundable.]", "snippet_links": [{"key": "simultaneously-with", "type": "clause", "offset": [0, 19]}, {"key": "the-\u2587", "type": "clause", "offset": [35, 40]}, {"key": "buyer-shall", "type": "clause", "offset": [54, 65]}, {"key": "company-cash", "type": "clause", "offset": [85, 97]}, {"key": "consideration-for-this-agreement", "type": "clause", "offset": [160, 192]}], "size": 2, "hash": "f3f61bd05c291d97c8450776dfb23166", "id": 4}, {"samples": [{"hash": "GHmKmLq7EF", "uri": "/contracts/GHmKmLq7EF#contract-consideration", "label": "Subcontractor Agreement (Terremark Worldwide Inc)", "score": 18.0, "published": true}], "snippet": "3.1 The sum to be paid by Terremark to the Subcontractor for the Work included in this Contract shall be: ( S 4,237,000.00 ) in current funds, subject to additions and deductions as herein provided, which sums shall include all permits, fees, inspection costs and/or taxes required by any division of Federal, State or local government. See EXHIBIT \"B\" (\"schedule of values\") attached hereto and made a part hereof by this reference.\n3.2 The Contract Consideration stated herein to be paid to the Subcontractor by Terremark includes all Municipal, State, County and Federal taxes imposed by law and based upon labor performed, materials furnished or services rendered, including, but not limited to, payroll taxes, sales taxes, use taxes levied or assessed against the Owner, or the Contractor, or the Subcontractor arising out of either the acquisition by the Subcontractor or by any of its subcontractors of materials, equipment, or any other kind of personal property, or the furnishing of labor and/or services in connection with the Work. Where the law requires any such tax to be stated and charged separately, the total of all items included within the Work and the added tax shall not exceed the Contract Consideration state herein.\n3.3 The parties hereto specifically agree that a condition precedent to all payments to be made by Terremark to Subcontractor, including the final payment, is the payment of corresponding sums to Terremark by the Owner of the job for which Terremark is General Contractor.\n3.4 On or before the 20\"' day of each month the Subcontractor shall submit to Terremark, in the form required by Terremark, a written requisition for payment (Exhibits A & B) showing the proportionate value of the Work installed to that date, from which shall be deducted a reserve often percent (10%) of the total value of the work completed and stored to date; and all other charges for material or service furnished by Terremark to the Subcontractor. The balance of the amount of said requisition, as approved by Terremark and the Architect, shall be due the Subcontractor on or about the 30th day of the succeeding month (Payment is predicated upon receipt of payment from Owner). The Contractor shall keep full and detailed accounts and exercise such controls as may be necessary for proper financial management under this Contract, and the accounting and control systems shall be satisfactory to the Owner. The Owner and the Owners' accountants shall be afforded access to, and shall be permitted to audit and copy, the Contractor's records, books, correspondence, instructions, drawings, receipts, subcontracts, purchase orders, vouchers, memoranda and other data relating to this Contract, and the Contractor shall preserve these for a period of one (1) year after final payment, or for such lancer period as may be required by law. With each Application for Payment, the contractor shall submit payrolls, petty cash accounts, receipted invoices or invoices with check vouche\u2587\u2587 \u2587\u2587tached, and any other evidence required by the owner or Architect to demonstrate that cash disbursements already made by the contractor on account of the cost of the Work equal or exceed (1) progress payments already received b the Contractor less that portion of those payments attributable to the Contractor's fee. Each Application for Payment shall be based on the most recent schedule of values submitted by the Contractor in accordance with the Contract Documents. The schedule of values shall allocate the entire Guaranteed Maximum Price among the various portions of the Work, except that the Con tractor's Fee shall be shown as a single separate item. The schedule of values shall be prepared in such form and supported by such data to substantiate its accuracy as the Owner may require. This schedule, unless objected to by the Owner, shall be used as a basis for reviewing the Contractor's Applications for Payment. Applications for Payment shall show the percentage of completion of each portion of the Work as of the end of the period covered by the Application for Payment. The percentage of completion shall be the lesser off!) the percentage of that portion of the Work which has actually been completed, or (2) the percentage obtained by dividing (a) the expense that has actually been incurred by the Contractor on account of that portion of the Work for which the Contractor has made or intends to make actual payment prior to the next Application for Payment by (b) the share of the Guaranteed Maximum Price allocated to that portion of the Work in the schedule of Values.\n3.5 No payment will be processed until all required submittals have been made by subcontractor and accepted by owner or architect.\n3.6 Terremark reserves the right to advance the dates of any payment (including the final payment) under this Contract if, in its sole judgment, it becomes desirable to do so.\n3.7 Subcontractor shall furnish, along with last progress draw request, all necessary warranties, product data, manuals, as-built drawings, and other closeout documents as required in the specifications.\n3.8 The final payment shall be made after the completion of the Work covered by this Contract and acceptance thereof by Terremark and the Architect, provided all Plans and Specifications have been returned to Terremark by the Subcontractor and also provided the Subcontractor has given to Terremark satisfactory evidence that the premises are free from all liens or other claims chargeable to the premises or the said Subcontractor.\n3.9 Prior to final payment, the Subcontractor shall execute and deliver to Terremark, a Conditional Waiver of Liens in a form satisfactory to Terremark, which provides for a General Release upon full payment Subcontractor shall furnish Terremark with all equipment and material warranties.\n3.10 If at any time there shall be evidence of any lien or claim for which, if established, Terremark or Owner of said premises might become liable, and which is chargeable to the Subcontractor and/or when damage shall be caused by this Subcontractor to other work, Terremark shall have the right to retain out of any payment then due, or thereafter to become due, an amount sufficient to completely indemnify itself and the Owner for any loss or damage, including legal fees and disbursements, which either may sustain in discharging such lien or claim.\n3.11 Should there prove to be any such claim after all payments are made, the Subcontractor shall refund to Terremark all monies that Terremark or the Owner shall pay in discharging such lien on or claim against such premises and al expenses incurred in connection therewith.\n3.12 No payment made under this contract shall be conclusive evidence of the performance of this Contract, either wholly or in part, and no payment including final payment shall be construed as acceptance of defective work or improper materials, nor shall entrance and use by the Owner constitute acceptance of the Work hereunder of any part thereof.", "snippet_links": [{"key": "the-subcontractor", "type": "clause", "offset": [39, 56]}, {"key": "work-included", "type": "definition", "offset": [65, 78]}, {"key": "in-this-contract", "type": "clause", "offset": [79, 95]}, {"key": "current-funds", "type": "clause", "offset": [128, 141]}, {"key": "subject-to", "type": "definition", "offset": [143, 153]}, {"key": "additions-and-deductions", "type": "clause", "offset": [154, 178]}, {"key": "inspection-costs", "type": "clause", "offset": [243, 259]}, {"key": "state-or-local-government", "type": "definition", "offset": [310, 335]}, {"key": "see-exhibit", "type": "definition", "offset": [337, 348]}, {"key": "schedule-of-values", "type": "clause", "offset": [355, 373]}, {"key": "federal-taxes", "type": "clause", "offset": [566, 579]}, {"key": "materials-furnished", "type": "clause", "offset": [627, 646]}, {"key": "services-rendered", "type": "clause", "offset": [650, 667]}, {"key": "not-limited", "type": "clause", "offset": [684, 695]}, {"key": "payroll-taxes", "type": "definition", "offset": [700, 713]}, {"key": "sales-taxes", "type": "definition", "offset": [715, 726]}, {"key": "use-taxes", "type": "definition", "offset": [728, 737]}, {"key": "arising-out-of", "type": "definition", "offset": [816, 830]}, {"key": "the-acquisition", "type": "clause", "offset": [838, 853]}, {"key": "personal-property", "type": "definition", "offset": [953, 970]}, {"key": "in-connection-with", "type": "clause", "offset": [1015, 1033]}, {"key": "the-law", "type": "clause", "offset": [1050, 1057]}, {"key": "the-total", "type": "clause", "offset": [1117, 1126]}, {"key": "items-included", "type": "clause", "offset": [1134, 1148]}, {"key": "work-and", "type": "clause", "offset": [1160, 1168]}, {"key": "the-parties-hereto", "type": "clause", "offset": [1245, 1263]}, {"key": "condition-precedent", "type": "definition", "offset": [1290, 1309]}, {"key": "payments-to-be-made", "type": "clause", "offset": [1317, 1336]}, {"key": "the-final-payment", "type": "clause", "offset": [1378, 1395]}, {"key": "payment-of", "type": "definition", "offset": [1404, 1414]}, {"key": "the-job", "type": "clause", "offset": [1463, 1470]}, {"key": "general-contractor", "type": "clause", "offset": [1494, 1512]}, {"key": "day-of", "type": "clause", "offset": [1540, 1546]}, {"key": "subcontractor-shall", "type": "clause", "offset": [1562, 1581]}, {"key": "submit-to", "type": "definition", "offset": [1582, 1591]}, {"key": "written-requisition", "type": "definition", "offset": [1640, 1659]}, {"key": "total-value", "type": "definition", "offset": [1823, 1834]}, {"key": "work-completed", "type": "clause", "offset": [1842, 1856]}, {"key": "charges-for", "type": "clause", "offset": [1891, 1902]}, {"key": "service-furnished", "type": "clause", "offset": [1915, 1932]}, {"key": "balance-of-the", "type": "clause", "offset": [1972, 1986]}, {"key": "approved-by", "type": "clause", "offset": [2018, 2029]}, {"key": "the-architect", "type": "clause", "offset": [2044, 2057]}, {"key": "receipt-of-payment", "type": "clause", "offset": 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2767]}, {"key": "required-by-law", "type": "definition", "offset": [2838, 2853]}, {"key": "with-each-application-for-payment", "type": "clause", "offset": [2855, 2888]}, {"key": "petty-cash-accounts", "type": "definition", "offset": [2928, 2947]}, {"key": "evidence-required", "type": "clause", "offset": [3024, 3041]}, {"key": "cash-disbursements", "type": "definition", "offset": [3088, 3106]}, {"key": "by-the-contractor", "type": "clause", "offset": [3120, 3137]}, {"key": "the-cost-of-the-work", "type": "clause", "offset": [3152, 3172]}, {"key": "progress-payments", "type": "definition", "offset": [3193, 3210]}, {"key": "to-the-contractor", "type": "clause", "offset": [3294, 3311]}, {"key": "based-on", "type": "definition", "offset": [3357, 3365]}, {"key": "most-recent", "type": "definition", "offset": [3370, 3381]}, {"key": "submitted-by", "type": "clause", "offset": [3401, 3413]}, {"key": "in-accordance-with", "type": "definition", "offset": [3429, 3447]}, {"key": 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In practice, this typically refers to the payment, goods, services, or promises that form the basis of the agreement, such as a buyer paying money in return for goods delivered by a seller. This clause ensures that the contract is legally binding by clearly stating what each party is providing, thereby establishing the mutual obligations that underpin the enforceability of the contract."}, "json": true, "cursor": ""}}