Double check valve assembly means an assembly composed of two single, independently acting, check valves including tightly closing shutoff valves located at each end of the assembly and suitable connections for testing the watertightness of each check valve.
Draft Closing Statement means a draft closing statement, prepared by Seller, as of the close of business of the third (3rd) business day preceding the Closing Date setting forth an estimated calculation of both the Purchase Price and the Estimated Payment Amount.
Written application or "written election" means a written instrument, prescribed by the board
certified extract means an extract that has been certified as a true copy of some of the information contained in a complete original document by one of the persons described below.
Loan Application is defined in Section 5.16(a).