Phases. Purchaser shall purchase the Property in five (5) separate phases (each a “Phase” and, collectively, the “Phases”). At each Phase Closing (as defined herein), Purchaser shall purchase the Lot(s) corresponding to the Phase(s) being closed at such time. For the purposes of this PSA, the term “Lot” and “Phase” shall be used interchangeably.
Appears in 3 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement