Yes, for the most part the explanation is correct and might be utilized in many GD&T training classes– however.
The provided definition is a mashup of ASME (ANSI) and ISO dimensioning and tolerancing standards. The term “Basic Dimension” is per ASME Y14.5-2009 or earlier standards and “Theoretically Exact Dimension TED” and the terminology used in ISO 1101 or derivative standards.
Be aware that the definition is an academic one mostly derived from the ISO 111 standard. Though a TED or Basic Dimension is defined as “perfect” in practice we know nothing is perfect nor is manufacturing likely to create a perfect part or feature.
In practical terms when establishing a TED in the real world we use gauging or tooling tolerances. The generally accepted practice is that the gauge is manufactured 5x more accurate than the total tolerance spread requiring measure for mm and 10X more accurate than the total tolerance spread requiring measure for inch units.
So, in the case of the position tolerance defined in your example, when the hole features is as-built at MMC size (dia. 9,0 – tolerance) we have a 0,05 diameter tolerance cylinder oriented and located at the TED’s. Therefore, when manufacturing or designing the functional gauge to measure the location of the 9,0 mm hole the location of the MMVC holes would be 5% more accurate then 0,05. See ANSI B4.4M.