Basic fact definition

Basic fact means the fact or group of facts giving rise to a presumption;
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Related to Basic fact

  • material fact has the meaning ascribed thereto in the Securities Act;

  • Attorney-in-Fact means an agent under a power of attorney pursuant to chapter 633B or an attorney in fact under a durable power of attorney for health care pursuant to chapter 144B.

  • Covered Disclosure Information shall have the meaning set forth in Section 9.2(b) hereof.

  • Sign face means the surface of a sign including the border or frame together with any material forming an integral part of the background used to differentiate the sign from the backdrop or building on which it is erected. Where a sign is composed of individually installed letters, numerals or shapes, the sign face shall mean the area of the smallest polygon containing a maximum of eight (8) right angle sides that enclose all of the letters, numerals or shapes; (0438-2003, 0203-2017)

  • Material adverse fact means an adverse fact that a party indicates is of such significance, or that is generally recognized by a competent licensee as being of such significance to a reasonable party, that it affects or would affect the party's decision to enter into a contract or agreement concerning a transaction or affects or would affect the party's decision about the terms of such a contract or agreement. An "Adverse Fact" means a condition or occurrence that is generally recognized by a competent licensee as significantly and adversely affecting the value of the property, significantly reducing the structural integrity of improvements to real estate, presenting a significant health risk to occupants of the property, or information that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a contract or agreement made concerning the transaction.