Common use of Closing Funds Clause in Contracts

Closing Funds. WEB COPY The Purchaser expressly acknowledges and agrees that he or she will not be entitled to receive the transfer/deed to the Property for registration until the balance of funds due on closing, in accordance with the statement of adjustments, are either remitted by certified cheque in accordance with the Closing Direction via personal delivery or by electronic funds to the Vendor's solicitor (or in such other manner as the latter may direct) by no later than 3:00 p.m. on the closing date. If the Purchaser’s solicitor delivers funds to the Vendor’s solicitor by direct deposit or wire, all costs and fees of delivering the closing funds in such manner shall be paid for by the Purchaser. WEB COPY SCHEDULE “B”

Closing Funds. WEB COPY The Purchaser expressly acknowledges and agrees that he or she will not be entitled to receive the transfer/deed to the Property for registration until the balance of funds due on closing, in accordance with the statement of adjustments, are either eit her remitted by certified cheque in accordance with the Closing Direction via personal delivery or by electronic funds to the Vendor's solicitor (or in such other manner as the latter may direct) by no later than 3:00 p.m. on the closing date. If the Purchaser’s solicitor delivers funds to the Vendor’s solicitor by direct deposit or wire, all costs and fees of delivering the closing funds in such manner shall be paid for by the Purchaser. WEB COPY SCHEDULE “"B”

Closing Funds. WEB COPY The Purchaser expressly acknowledges and agrees that he or she will not be entitled to receive the transfer/deed to the Property for registration until the balance of funds due on closing, in accordance with the statement of adjustments, are either remitted by certified cheque in accordance with the Closing Direction via personal delivery or by electronic funds to the Vendor's solicitor (or in such other manner as the latter may direct) WEB COPY by no later than 3:00 p.m. on the closing date. If the Purchaser’s solicitor delivers funds to the Vendor’s solicitor by direct deposit or wire, all costs and fees of delivering the closing funds in such manner shall be paid for by the Purchaser. WEB COPY SCHEDULE “B”

Closing Funds. WEB COPY The Purchaser expressly acknowledges and agrees that he or she will not be entitled to receive the transfer/deed to the Property for registration until the balance of funds due on closing, in accordance with the statement of adjustments, are either eit her remitted by certified cheque in accordance with the Closing Direction via personal delivery or by electronic funds to the Vendor's solicitor (or in such other manner as the latter may direct) by no later than 3:00 p.m. on the closing date. If the Purchaser’s solicitor delivers funds to the Vendor’s solicitor by direct deposit or wire, all costs and fees of delivering the closing funds in such manner shall be paid for by the Purchaser. WEB COPY XxXxxx Homes Limited – March 2022 SCHEDULE “"B”