{"component": "clause", "props": {"groups": [{"snippet": "a) Within 120 days from the date of the auction sale (\u201cPayment Due Date\u201d), the Purchaser shall deposit with the Solicitors appointed by the Assignee simultaneously:\ni) A sum equivalent to 90% of the successful bid (\u201cBalance Sum\u201d) by way of the bank draft or cashier\u2019s order crossed \u201cA/C PAYEE ONLY\u201d made payable to OCBC BANK (MALAYSIA) BERHAD, The amount of the cheque shall include outstation clearing charges which shall be borne by the Purchaser, failing which the deficiency shall be recoverable from the Purchaser; and\nii) A copy of the requisite consents of the Developer, Proprietor and / or State Authorities or relevant bodies approving the sale in favour of the Purchaser, if necessary, subject firstly to the Assignee being satisfied with the conditions if any imposed (otherwise the Assignee may terminate the sale under Clause 9) Then the Assignee will execute an assignment (in form and substance acceptable to the Assignee) and deliver up the Related Documents to the Purchaser, but such sale and assignment of the chose in action shall be prepared by and at the expense of the Purchaser. Where applicable, the Assignee shall be entitled to have a sufficient covenant of indemnity inserted in the assignment in order for the Purchaser to assume all liabilities and obligations pertaining to the property. The Assignee shall not be required to assign the property to any person other than the Purchaser.\nb) If the separate document of title or strata title for the property has been issued whether before, on or after the date of the auction sale, the Assignee shall not be required to register its charge(s) nor to procure a transfer in Form 14A as prescribed by the National Land Code, 1965 in favour of the Purchaser from the Developer or the Proprietor (as the case may be). The transfer of the Property from the Developer or Proprietor (as the case may be) shall be procured and prepared by the Purchaser at the Purchaser\u2019s expense who undertakes to pay such sums and comply with the conditions (if any) imposed by the Developer and / or Proprietor and / or their solicitors and / or relevant authorities pertaining to the registration of such transfer of the property.\nc) \u201c Any arrears of Quit Rent, Assessment, service/maintenance charges, sinking fund including the late penalty interest (if any) which may be lawfully due to any relevant authority or the Developer up to the date of successful sale of the subject property shall be deducted from the purchase money upon receipt of the Balance sum, provided that the Assignee/Bank is in receipt of the itemized billing for Quit Rent, Assessment bills issued by the relevant authority and the Developer\u2019s invoice/statement of account from the Purchaser within ninety (90) days from the date of sale. For avoidance of doubt, in the event such invoices and/or itemized \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 are not submitted within the stipulated ninety (90) days from the auction date, any subsequent claims made thereunder will not be entertained by the Assignee/Bank and the same shall be borne by the Purchaser solely. All other charges as at the date of auction sale not specified in Clause 7(c) (including but not limited to water bills, electric bills, sewerage charges, telephone bills and/or other monies whatsoever outstanding to the Developer and/or other authority/parties) shall not be borne by the Assignee/Bank. The Purchaser shall bear and pay all fees and expenses including but not limited to all legal fees, stamp duty and registration fees in connection with, incidental to or pursuant to the Assignment and all other documents necessary for effecting the transfer or assigning the beneficial ownership in the property to the Purchaser\nd) The Purchaser is responsible to make his own enquiries and all liabilities and encumbrances affecting the property and shall be deemed to purchase in all respects subject thereto whether or not he makes any enquiry and neither the Assignee nor the Auctioneer shall be required or bound to inform the Purchaser of any such matters whether known to them or not and the Purchaser shall raise no enquiry, requisition or objection thereon or thereto.\ne) The stamp duty and registration fee for the Memorandum, the Assignment and subsequent transfer (as the case may be) shall be borne and paid by the Purchaser.", "snippet_links": [{"key": "auction-sale", "type": "definition", "offset": [40, 52]}, {"key": "payment-due-date", "type": "definition", "offset": [55, 71]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [75, 94]}, {"key": "the-assignee", "type": "clause", "offset": [136, 148]}, {"key": "successful-bid", "type": "definition", "offset": [199, 213]}, {"key": "bank-draft", "type": "definition", "offset": [244, 254]}, {"key": "payable-to", "type": "definition", "offset": [304, 314]}, {"key": "ocbc-bank", "type": "definition", "offset": [315, 324]}, {"key": "clearing-charges", "type": "clause", "offset": [394, 410]}, {"key": "by-the-purchaser", "type": "clause", "offset": [432, 448]}, {"key": "a-copy-of-the", "type": "clause", "offset": [528, 541]}, {"key": "requisite-consents", "type": "definition", "offset": [542, 560]}, {"key": "of-the-developer", "type": "clause", "offset": [561, 577]}, {"key": "state-authorities", "type": "definition", "offset": [599, 616]}, {"key": "the-sale", "type": "clause", "offset": [646, 654]}, {"key": "in-favour-of-the-purchaser", "type": "clause", "offset": [655, 681]}, {"key": "the-conditions", "type": "clause", "offset": [750, 764]}, {"key": "under-clause-9", "type": "clause", "offset": [827, 841]}, {"key": "an-assignment", "type": "clause", "offset": [874, 887]}, {"key": "form-and-substance", "type": "clause", "offset": [892, 910]}, {"key": "deliver-up", "type": "clause", "offset": [943, 953]}, {"key": "related-documents", "type": "clause", "offset": [958, 975]}, {"key": "assignment-of-the", "type": "clause", "offset": [1012, 1029]}, {"key": "prepared-by", "type": "definition", "offset": [1055, 1066]}, {"key": "where-applicable", "type": "clause", "offset": [1104, 1120]}, {"key": "covenant-of-indemnity", "type": "clause", "offset": [1174, 1195]}, {"key": "for-the-purchaser", "type": "clause", "offset": [1232, 1249]}, {"key": "to-assume", "type": "clause", "offset": [1250, 1259]}, {"key": "liabilities-and-obligations", "type": "clause", "offset": [1264, 1291]}, {"key": "pertaining-to", "type": "definition", "offset": [1292, 1305]}, {"key": "any-person", "type": "clause", "offset": [1381, 1391]}, {"key": "separate-document-of-title", "type": "clause", "offset": [1428, 1454]}, {"key": "strata-title", "type": "definition", "offset": [1458, 1470]}, {"key": "property-has", "type": "definition", "offset": [1479, 1491]}, {"key": "to-register", "type": "clause", "offset": [1597, 1608]}, {"key": "transfer-in", "type": "definition", "offset": [1640, 1651]}, {"key": "as-prescribed", "type": "definition", "offset": [1661, 1674]}, {"key": "national-land-code", "type": "definition", "offset": [1682, 1700]}, {"key": "the-proprietor", "type": "definition", "offset": [1756, 1770]}, {"key": "the-case", "type": "definition", "offset": [1775, 1783]}, {"key": "transfer-of-the-property", "type": "definition", "offset": [1797, 1821]}, {"key": "to-pay", "type": "clause", "offset": [1966, 1972]}, {"key": "comply-with-the", "type": "clause", "offset": [1987, 2002]}, {"key": "by-the-developer", "type": "clause", "offset": [2031, 2047]}, {"key": "relevant-authorities", "type": "definition", "offset": [2103, 2123]}, {"key": "the-registration", "type": "clause", "offset": [2138, 2154]}, {"key": "quit-rent", "type": "clause", "offset": [2209, 2218]}, {"key": "maintenance-charges", "type": "definition", "offset": [2240, 2259]}, {"key": "sinking-fund", "type": "definition", "offset": [2261, 2273]}, {"key": "penalty-interest", "type": "clause", "offset": [2293, 2309]}, {"key": "the-subject-property", "type": "clause", "offset": [2425, 2445]}, {"key": "purchase-money", "type": "definition", "offset": [2473, 2487]}, {"key": "upon-receipt-of", "type": "definition", "offset": [2488, 2503]}, {"key": "the-balance", "type": "clause", "offset": [2504, 2515]}, {"key": "provided-that", "type": "definition", "offset": [2521, 2534]}, {"key": "issued-by", "type": "definition", "offset": [2623, 2632]}, {"key": "the-relevant", "type": "clause", "offset": [2633, 2645]}, {"key": "authority-and", "type": "clause", "offset": [2646, 2659]}, {"key": "statement-of-account", "type": "definition", "offset": [2684, 2704]}, {"key": "date-of-sale", "type": "definition", "offset": [2757, 2769]}, {"key": "for-avoidance-of-doubt", "type": "clause", "offset": [2771, 2793]}, {"key": "in-the-event", "type": "clause", "offset": [2795, 2807]}, {"key": "auction-date", "type": "definition", "offset": [2913, 2925]}, {"key": "claims-made", "type": "definition", "offset": [2942, 2953]}, {"key": "all-other-charges", "type": "clause", "offset": [3063, 3080]}, {"key": "not-specified", "type": "definition", "offset": [3112, 3125]}, {"key": "in-clause", "type": "clause", "offset": [3126, 3135]}, {"key": "not-limited", "type": "clause", "offset": [3156, 3167]}, {"key": "sewerage-charges", "type": "definition", "offset": [3200, 3216]}, {"key": "to-the-developer", "type": "clause", "offset": [3277, 3293]}, {"key": "other-authority", "type": "definition", "offset": [3301, 3316]}, {"key": "fees-and-expenses", "type": "definition", "offset": [3404, 3421]}, {"key": "legal-fees", "type": "clause", "offset": [3455, 3465]}, {"key": "stamp-duty-and-registration-fees", "type": "clause", "offset": [3467, 3499]}, {"key": "in-connection-with", "type": "clause", "offset": [3500, 3518]}, {"key": "incidental-to", "type": "definition", "offset": [3520, 3533]}, {"key": "assignment-and", "type": "clause", "offset": [3553, 3567]}, {"key": "all-other-documents", "type": "clause", "offset": [3568, 3587]}, {"key": "necessary-for", "type": "definition", "offset": [3588, 3601]}, {"key": "beneficial-ownership", "type": "definition", "offset": [3642, 3662]}, {"key": "responsible-to", "type": "clause", "offset": [3716, 3730]}, {"key": "own-enquiries", "type": "clause", "offset": [3740, 3753]}, {"key": "in-all-respects", "type": "clause", "offset": [3846, 3861]}, {"key": "the-auctioneer", "type": "clause", "offset": [3943, 3957]}, {"key": "and-the-purchaser", "type": "clause", "offset": [4058, 4075]}, {"key": "no-enquiry", "type": "clause", "offset": [4088, 4098]}, {"key": "the-memorandum", "type": "clause", "offset": [4188, 4202]}, {"key": "subsequent-transfer", "type": "definition", "offset": [4223, 4242]}], "samples": [{"hash": "hP5fYSSeYMA", "uri": "/contracts/hP5fYSSeYMA#completion", "label": "Facilities Agreement (Consumer Banking)", "score": 32.6786270142, "published": true}, {"hash": "dmhl8xD4Ykm", "uri": "/contracts/dmhl8xD4Ykm#completion", "label": "Facilities Agreement (Consumer Banking)", "score": 32.6786270142, "published": true}, {"hash": "7K1hDosqAXX", "uri": "/contracts/7K1hDosqAXX#completion", "label": "Facilities Agreement (Consumer Banking)", "score": 32.6704139709, "published": true}], "size": 418, "hash": "8c810867c5203217a6617ae846b4fb37", "id": 1}, {"snippet": "Reports, plans, specifications, and supporting documents shall be submitted by Engineer on or before the dates specified in the applicable Work Authorization or Supplemental Work Authorization related thereto. Upon receipt of same, the submission shall be checked for completion. \"Completion\" or \u201cComplete\u201d shall be defined as all of the required items, as set out in the applicable Work Authorization, have been included in compliance with the requirements of this Contract. The completeness of any Engineering Services submitted to County shall be determined by County within thirty (30) days of such submittal and County shall notify Engineer in writing within such thirty (30) day period if such Engineering Services have been found to be incomplete. If the submission is Complete, County shall notify Engineer and County\u2019s technical review process will begin.", "snippet_links": [{"key": "supporting-documents", "type": "definition", "offset": [36, 56]}, {"key": "by-engineer", "type": "definition", "offset": [76, 87]}, {"key": "the-applicable", "type": "clause", "offset": [124, 138]}, {"key": "supplemental-work-authorization", "type": "clause", "offset": [161, 192]}, {"key": "upon-receipt-of", "type": "definition", "offset": [210, 225]}, {"key": "required-items", "type": "definition", "offset": [338, 352]}, {"key": "set-out", "type": "definition", "offset": [357, 364]}, {"key": "the-requirements", "type": "clause", "offset": [441, 457]}, {"key": "this-contract", "type": "definition", "offset": [461, 474]}, {"key": "engineering-services", "type": "clause", "offset": [500, 520]}, {"key": "county-shall", "type": "clause", "offset": [534, 546]}, {"key": "by-county", "type": "clause", "offset": [561, 570]}, {"key": "within-thirty", "type": "clause", "offset": [571, 584]}, {"key": "in-writing", "type": "definition", "offset": [646, 656]}, {"key": "day-period", "type": "definition", "offset": [681, 691]}, {"key": "technical-review-process", "type": "definition", "offset": [828, 852]}], "samples": [{"hash": "aIBpvHwrueB", "uri": "/contracts/aIBpvHwrueB#completion", "label": "Contract for Engineering Services", "score": 36.1937332153, "published": true}, {"hash": "eUelo5N3ngh", "uri": "/contracts/eUelo5N3ngh#completion", "label": "Contract for Engineering Services", "score": 35.6404876709, "published": true}, {"hash": "cdjujm8Fm6M", "uri": "/contracts/cdjujm8Fm6M#completion", "label": "Contract for Engineering Services", "score": 35.6208648682, "published": true}], "size": 88, "hash": "cb140bb8c19bfc5b3191b9a054385892", "id": 9}, {"snippet": "20.1 When the entire Work (or any portion thereof designated in writing by Owner) is ready for its intended use, Contractor shall notify Project Manager in writing that the entire Work (or such designated portion) is substantially complete. Within a reasonable time thereafter, Owner, Contractor and Design Professional shall make an inspection of the Work (or designated portion thereof) to determine the status of completion. If Owner, after conferring with the Design Professional, does not consider the Work (or designated portion) substantially complete, Project Manager shall notify Contractor in writing giving the reasons therefore. If Owner, after conferring with the Design Professional, considers the Work (or designated portion) substantially complete, Project Manager shall prepare and deliver to Contractor a Certificate of Substantial Completion which shall fix the date of Substantial Completion for the entire Work (or designated portion thereof) and include a tentative punch-list of items to be completed or corrected by Contractor before final payment. Owner shall have the right to exclude Contractor from the Work and Project site (or designated portion thereof) after the date of Substantial Completion, but Owner shall allow Contractor reasonable access to complete or correct items on the tentative punch-list. The Project Manager, shall coordinate with the Contractor the return of any surplus assets, including materials, supplies, and equipment.\n20.2 Upon receipt of written certification by Contractor that the Work is completed in accordance with the Contract Documents and is ready for final inspection and acceptance, Project Manager and Design Professional will make such inspection and, if they find the Work acceptable and fully performed under the Contract Documents shall promptly approve payment, recommending that, on the basis of their observations and inspections, and the Contractor's certification that the Work has been completed in accordance with the terms and conditions of the Contract Documents, that the entire balance found to be due Contractor is due and payable. Neither the final payment nor the retainage shall become due and payable until Contractor submits:\n(1) Receipt of Contractor\u2019s Final Application for Payment.\n(2) The Release and Affidavit in the form attached as Exhibit C.\n(3) Consent of surety to final payment.\n(4) Receipt of the final payment check list.\n(5) If required by Owner, other data establishing payment or satisfaction of all obligations, such as receipts, releases and waivers of liens, arising out of the Contract Documents, to the extent and in such form as may be designated by Owner. Owner reserves the right to inspect the Work and make an independent determination as to the Work's acceptability, even though the Design Professional may have issued its recommendations. Unless and until the Owner is completely satisfied, neither the final payment nor the retainage shall become due and payable.", "snippet_links": [{"key": "in-writing", "type": "definition", "offset": [61, 71]}, {"key": "by-owner", "type": "definition", "offset": [72, 80]}, {"key": "intended-use", "type": "definition", "offset": [99, 111]}, {"key": "contractor-shall", "type": "clause", "offset": [113, 129]}, {"key": "designated-portion", "type": "definition", "offset": [194, 212]}, {"key": "substantially-complete", "type": "definition", "offset": [217, 239]}, {"key": "reasonable-time", "type": "definition", "offset": [250, 265]}, {"key": "inspection-of-the-work", "type": "clause", "offset": [334, 356]}, {"key": "determine-the", "type": "clause", "offset": [392, 405]}, {"key": "status-of", "type": "clause", "offset": [406, 415]}, {"key": "the-design-professional", "type": "clause", "offset": [460, 483]}, {"key": "notify-contractor", "type": "clause", "offset": [582, 599]}, {"key": "reasons-therefore", "type": "clause", "offset": [622, 639]}, {"key": "to-contractor", "type": "clause", "offset": [807, 820]}, {"key": "certificate-of-substantial-completion", "type": "definition", "offset": [823, 860]}, {"key": "the-date-of-substantial-completion", "type": "definition", "offset": [877, 911]}, {"key": "to-be-completed", "type": "clause", "offset": [1008, 1023]}, {"key": "right-to-exclude", "type": "clause", "offset": [1094, 1110]}, {"key": "project-site", "type": "clause", "offset": [1140, 1152]}, {"key": "access-to", "type": "definition", "offset": [1271, 1280]}, {"key": "the-project-manager", "type": "definition", "offset": [1336, 1355]}, {"key": "return-of", "type": "clause", "offset": [1398, 1407]}, {"key": "surplus-assets", "type": "clause", "offset": [1412, 1426]}, {"key": "and-equipment", "type": "clause", "offset": [1459, 1472]}, {"key": "upon-receipt-of", "type": "definition", "offset": [1479, 1494]}, {"key": "certification-by-contractor", "type": "clause", "offset": [1503, 1530]}, {"key": "in-accordance-with", "type": "clause", "offset": [1558, 1576]}, {"key": "the-contract-documents", "type": "definition", "offset": [1577, 1599]}, {"key": "final-inspection-and-acceptance", "type": "clause", "offset": [1617, 1648]}, {"key": "basis-of", "type": "clause", "offset": [1861, 1869]}, {"key": "observations-and-inspections", "type": "clause", "offset": [1876, 1904]}, {"key": "and-the-contractor", "type": "clause", "offset": [1906, 1924]}, {"key": "terms-and-conditions-of-the-contract", "type": "clause", "offset": [1997, 2033]}, {"key": "entire-balance", "type": "definition", "offset": [2054, 2068]}, {"key": "due-and-payable", "type": "definition", "offset": [2099, 2114]}, {"key": "the-final-payment", "type": "clause", "offset": [2124, 2141]}, {"key": "of-contractor", "type": "clause", "offset": [2227, 2240]}, {"key": "final-application-for-payment", "type": "clause", "offset": [2243, 2272]}, {"key": "release-and-affidavit", "type": "clause", "offset": [2282, 2303]}, {"key": "consent-of-surety", "type": "clause", "offset": [2343, 2360]}, {"key": "check-list", "type": "clause", "offset": [2412, 2422]}, {"key": "required-by", "type": "definition", "offset": [2431, 2442]}, {"key": "other-data", "type": "clause", "offset": [2450, 2460]}, {"key": "satisfaction-of-all-obligations", "type": "clause", "offset": [2485, 2516]}, {"key": "waivers-of-liens", "type": "clause", "offset": [2549, 2565]}, {"key": "arising-out-of", "type": "definition", "offset": [2567, 2581]}, {"key": "to-the-extent", "type": "clause", "offset": [2606, 2619]}, {"key": "right-to-inspect", "type": "clause", "offset": [2687, 2703]}, {"key": "independent-determination", "type": "definition", "offset": [2725, 2750]}, {"key": "the-owner", "type": "definition", "offset": [2873, 2882]}], "samples": [{"hash": "jvqnhAZZGGG", "uri": "/contracts/jvqnhAZZGGG#completion", "label": "Construction Agreement", "score": 31.2924308777, "published": true}, {"hash": "jEAao6X8loJ", "uri": "/contracts/jEAao6X8loJ#completion", "label": "Construction Agreement", "score": 25.1286792755, "published": true}, {"hash": "eOxvsTFou0v", "uri": "/contracts/eOxvsTFou0v#completion", "label": "Construction Agreement", "score": 25.0424365997, "published": true}], "size": 101, "hash": "2d051e0171eff55fc4e7b7c779a22341", "id": 8}, {"snippet": "12.1 As soon as practicable after receipt in full by the Bank of the Balance Purchase Price together with all interest on late payment (if any), the Bank shall execute or caused to be executed in favour of the Purchaser an assignment of all rights, title, interest and benefits under the principal sale and purchase agreement entered into between the Developer and/or the Proprietor/Landowner and the original purchaser and over the Property (`the Deed of Assignment\u2019).\n12.2 The Deed of Assignment shall be prepared by the Purchaser\u2019s solicitors upon such terms and conditions stipulated by the Bank at its absolute discretion. The said documents shall be forwarded to the Bank within thirty (30) days from the date Bank received full balance of auction price. In the event such relevant documents are submitted after the said period the Bank shall not be held liable for any claims whatsoever by developer or relevant authorities due to the delay in execution of the documents.\n12.3 The Bank shall upon such execution forward to the Purchaser or the Purchaser\u2019s financier or their solicitors, as the case may be, the principal sale and purchase agreement and the previous security documents relating to the Property which may be in the possession of the Bank (\u201cthe Related Documents\u201d).\n12.4 The Bank shall deliver such original or duplicate or certified true copy(ies) of the Related Documents as in the Bank possession to the Purchaser or the Purchaser\u2019s financier or their solicitors as the case may be.\n12.5 The Purchaser shall bear all costs and expenses including but not limited to the legal, stamp and registration fees of and incidental to the perfection of the Deed of Assignment and in the event of the individual title/strata title has been or is issued, the transfer of the title over the Property to the Purchaser.", "snippet_links": [{"key": "as-soon-as-practicable", "type": "definition", "offset": [5, 27]}, {"key": "bank-of", "type": "definition", "offset": [57, 64]}, {"key": "balance-purchase-price", "type": "definition", "offset": [69, 91]}, {"key": "interest-on-late-payment", "type": "clause", "offset": [110, 134]}, {"key": "the-bank-shall", "type": "clause", "offset": [145, 159]}, {"key": "to-be-executed", "type": "clause", "offset": [178, 192]}, {"key": "in-favour-of-the-purchaser", "type": "clause", "offset": [193, 219]}, {"key": "assignment-of", "type": "definition", "offset": [223, 236]}, {"key": "all-rights", "type": "clause", "offset": [237, 247]}, {"key": "and-benefits", "type": "clause", "offset": [265, 277]}, {"key": "the-principal", "type": "definition", "offset": [284, 297]}, {"key": "sale-and-purchase-agreement", "type": "definition", "offset": [298, 325]}, {"key": "entered-into", "type": "clause", "offset": [326, 338]}, {"key": "the-developer", "type": "clause", "offset": [347, 360]}, {"key": "the-proprietor", "type": "definition", "offset": [368, 382]}, {"key": "original-purchaser", "type": "clause", "offset": [401, 419]}, {"key": "the-property", "type": "clause", "offset": [429, 441]}, {"key": "deed-of-assignment", "type": "definition", "offset": [448, 466]}, {"key": "by-the-purchaser", "type": "clause", "offset": [516, 532]}, {"key": "terms-and-conditions", "type": "clause", "offset": [556, 576]}, {"key": "absolute-discretion", "type": "clause", "offset": [607, 626]}, {"key": "to-the-bank", "type": "clause", "offset": [666, 677]}, {"key": "within-thirty", "type": "clause", "offset": [678, 691]}, {"key": "auction-price", "type": "clause", "offset": [746, 759]}, {"key": "relevant-documents", "type": "definition", "offset": [779, 797]}, {"key": "by-developer", "type": "clause", "offset": [894, 906]}, {"key": "relevant-authorities", "type": "definition", "offset": [910, 930]}, {"key": "the-documents", "type": "clause", "offset": [964, 977]}, {"key": "the-case", "type": "definition", "offset": [1097, 1105]}, {"key": "previous-security-documents", "type": "definition", "offset": [1164, 1191]}, {"key": "relating-to", "type": "definition", "offset": [1192, 1203]}, {"key": "possession-of-the", "type": "clause", "offset": [1237, 1254]}, {"key": "related-documents", "type": "clause", "offset": [1266, 1283]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [1512, 1531]}, {"key": "costs-and-expenses", "type": "definition", "offset": [1541, 1559]}, {"key": "not-limited", "type": "clause", "offset": [1574, 1585]}, {"key": "registration-fees", "type": "definition", "offset": [1610, 1627]}, {"key": "incidental-to", "type": "definition", "offset": [1635, 1648]}, {"key": "assignment-and", "type": "clause", "offset": [1679, 1693]}, {"key": "in-the-event-of", "type": "definition", "offset": [1694, 1709]}, {"key": "individual-title", "type": "clause", 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appointed by the Assignee/Bank simultaneously:", "snippet_links": [{"key": "date-of", "type": "clause", "offset": [24, 31]}, {"key": "auction-sale", "type": "definition", "offset": [36, 48]}, {"key": "granted-by", "type": "definition", "offset": [76, 86]}, {"key": "the-assignee", "type": "clause", "offset": [87, 99]}, {"key": "sole-discretion", "type": "definition", "offset": [129, 144]}, {"key": "subject-to", "type": "clause", "offset": [145, 155]}, {"key": "payment-of-interest", "type": "definition", "offset": [156, 175]}, {"key": "rate-of-interest", "type": "definition", "offset": [183, 199]}, {"key": "to-be-determined", "type": "clause", "offset": [200, 216]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [240, 259]}], "samples": [{"hash": "45XAqAAmzwY", "uri": "/contracts/45XAqAAmzwY#completion", "label": "Facility Agreement", "score": 34.1544342041, "published": true}, {"hash": "fwKwz3mfRTK", "uri": "/contracts/fwKwz3mfRTK#completion", "label": "Loan Agreement", 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:-\n\u2587.\u2587.\u2587 \u2587eliver to the Purchaser duly completed and signed transfers of the Sale Shares by the registered holders thereof in favour of the Purchaser (or as it may direct) together with the respective bought/sold notes and original share certificates in relation to the Sale Shares together with a letter of confirmation that any existing trust between the Vendor and Hunt (UK) is cancelled;\n4.2.2 cause a board meeting of \u2587\u2587\u2587 Company to be held at which (inter alia) the existing directors of the Company shall :-\n(i) approve the registration of the Purchaser and or its nominee as members of the Company in respect of the Sale Shares subject to the production of duly stamped instruments of transfer;\n(ii) revoke all existing mandates for the operation of all the bank accounts of the Company and issue new mandates giving authority to persons nominated by the Purchaser provided that the Purchaser shall give at least 3 Business Days' advance notice of this in writing to the Vendor;\n(iii) appoint such persons as the Purchaser may nominate to be validly appointed as additional directors of the Company and upon such appointment forthwith cause all the existing directors of the Company to retire from their respective offices and resign as employees each delivering to the Purchaser a letter under seal in agreed terms acknowledging that the person so retiring and resigning has no entitlement to claim compensation for wrongful dismissal or unfair dismissal or to payment for redundancy or in respect of any other moneys or benefits due to him from the Company arising out of or in connection with his employment and/or its termination;\n(iv) [deleted]\n(v) deliver to the Purchaser a counterpart Deed of Assignment of Debt duly executed by Hunt (UK) and Hunt (NL) together with a let\u2587\u2587\u2587 of acknowl\u2587\u2587\u2587\u2587ment to the Deed of Assignment of Debt signed by the Company.\n4.3 Upon Completion the Purchaser shall :-\n4.3.1 effect a telegraphic transfer to the Vendor of HK$2,102,800 being the aggregate amount of the Share Price and the first instalment of the Debt Price as set out in the Deed of Assignment of Debt;\n4.3.2 deliver to the Vendor certified true copies of the board resolutions of the Purchaser approving the acquisition of the Sale Shares, the execution of this Agreement and the completion of this Agreement and the transactions contemplated thereby; and\n4.3.3 deliver to the Vendor a duly executed counterpart Deed of Assignment of Debt.\n4.4 As soon as practicable after Completion the Purchaser shall present the instruments of transfer together with the share certificates in respect of the Sale Shares to the Company for registration of the transfer.\n4.5 All the transactions described in Clauses 4.2 and 4.3 above shall take place at the same time, so that in default of the performance of any such transactions by one party, the other party shall not be obliged to complete the sale and purchase 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"/contracts/4z65ERAUMf#completion", "label": "Subcontractor Agreement", "score": 31.820110321, "published": true}, {"hash": "cF8irlhIEBt", "uri": "/contracts/cF8irlhIEBt#completion", "label": "Subcontractor Agreement", "score": 31.8135719299, "published": true}, {"hash": "8S0K1u4hWin", "uri": "/contracts/8S0K1u4hWin#completion", "label": "Subcontractor Agreement", "score": 31.7808666229, "published": true}], "size": 114, "hash": "cdc9fa53430c26e618d2295b6e96fea2", "id": 7}, {"snippet": "of the receiving institution\u2019s lower division general education requirements as defined by the GT Pathways curriculum.", "snippet_links": [{"key": "receiving-institution", "type": "clause", "offset": [7, 28]}, {"key": "lower-division", "type": "definition", "offset": [31, 45]}, {"key": "general-education-requirements", "type": "clause", "offset": [46, 76]}], "samples": [{"hash": "ibwWDak8rTq", "uri": "/contracts/ibwWDak8rTq#completion", "label": "Statewide Transfer Articulation Agreement", "score": 33.330242157, "published": true}, {"hash": "iVT3kj458Ym", "uri": "/contracts/iVT3kj458Ym#completion", "label": "Statewide Transfer Articulation Agreement", "score": 33.2356529236, "published": true}, {"hash": "chu3o5HhezB", "uri": "/contracts/chu3o5HhezB#completion", "label": "Statewide Transfer Articulation Agreement", "score": 32.0650672913, "published": true}], "size": 167, "hash": "a87573ebb6bd19f9d3e2b1b8a496817d", "id": 6}, {"snippet": "5.1. Subject to the conditions set out in Clauses 3.1, 3.2 and 3.3, Completion shall take place on the Completion Date.\n5.2. The obligations of each of the Parties under Clause 5.3 below are interdependent of each other. The Completion shall not occur unless all of the obligations specified in Clause 5.3, have been simultaneously complied with and are fully effective.\n5.3. On the Completion Date:\n(i) Subject to deductions pursuant to Clause 4.4, the Purchaser shall remit the Purchase Consideration (in immediately available funds) to the Seller\u2019s Bank Account.\n(ii) The Seller shall (a) provide to its Depository Participant duly executed DP Instructions in the prescribed form for the transfer of the Sale Shares to the Demat Account of the Purchaser (details of which shall be provided to the Seller in writing as soon as practicable after the Execution Date); (b) procure its Depository Participant to duly acknowledge such DP Instructions; (c) deliver a copy of such acknowledgement to the Purchaser; and (d) use best endeavours to procure credit of the Sale Shares to the Demat Account of the Purchaser.\n(iii) The Seller shall, to the extent it is able to do so through exercise of its voting rights, procure that a Board meeting is held at which the following business shall be transacted:\n(a) the appointment of directors nominated by the Purchaser on the Board shall be approved; and\n(b) an extra-ordinary general meeting of the shareholders of the Company to approve the matters set out in Clause 5.3(iii)(a) and the amendment of the Articles of Association shall be convened.\n5.4. This Agreement may be terminated on or prior to the Completion Date as follows:\n(i) By the mutual written consent of the Purchaser and the Seller.\n(ii) By the Seller, upon written notice to the Purchaser, if the conditions set out in Clauses 3.1 and 3.3 have not been satisfied (or satisfied subject only to Completion where applicable) or waived (where applicable) on or before 270 (two hundred seventy) days from the Execution Date or such later date as may be mutually agreed between the Parties in writing (\u201cLong Stop Date\u201d); provided that the Seller shall not be entitled to terminate this Agreement pursuant to this Clause 5.4(ii) if Seller\u2019s breach of this Agreement has prevented or materially delayed the consummation of the Transactions (which term for the purposes of this Clause 5.4(ii) shall not include the Financing);\n(iii) By the Purchaser, upon written notice to the Seller, if the conditions set out in Clauses 3.2 and 3.3 have not been satisfied (or satisfied subject only to Completion where applicable) or waived (where applicable) on or before the Long Stop Date; provided that the Purchaser shall not be entitled to terminate this Agreement pursuant to this Clause 5.4(iii) if Purchaser\u2019s breach of this Agreement has prevented or materially delayed the consummation of the Transactions.\n(iv) By the Seller (if the Seller is not in material breach of the Seller Warranties, covenants or agreements under this Agreement so as to cause any of the conditions set forth in Clause 3.2 and/or 3.3(i) not to be satisfied), upon written notice to the Purchaser, if there has been a material inaccuracy of any statement or warranty, or any unremedied material breach of a covenant or other agreement, of the Purchaser contained in this Agreement, which violation, breach or inaccuracy would cause any of the conditions set forth in Clause 3.1 and/or 3.3 not to be satisfied as of the Completion Date, and such violation, breach or inaccuracy has not been waived by the Seller or cured by the Purchaser within 20 (twenty) Business Days after receipt by the Purchaser of written notice thereof from the Seller or is not reasonably capable of being cured prior to the Long Stop Date.\n(v) By the Purchaser (if the Purchaser is not in material breach of the Purchaser Warranties, covenants or agreements under this Agreement so as to cause any of the conditions set forth in Clause 3.1 and/or 3.3 not to be satisfied), upon written notice to the Seller, if there has been a material inaccuracy of any statement or warranty, or any unremedied material breach of a covenant or other agreement, of the Seller contained in this Agreement, which violation, breach or inaccuracy would cause any of the conditions set forth in Clauses 3.2 and/or 3.3(i) not to be satisfied as of the Completion Date, and such violation, breach or inaccuracy has not been waived by the Purchaser or cured by the Seller within 20 (twenty) Business Days after receipt by the Seller of written notice thereof from the Purchaser or is not reasonably capable of being cured prior to the Long Stop Date.\n(vi) By the Seller or the Purchaser, upon written notice to the other, if a court of competent jurisdiction or any other Governmental Authority shall have issued a final, non-appealable order preventing or otherwise prohibiting the consummation of the Transactions.\n5.5. If this Agreement is terminated prior to Completion in accordance with Clause 5.4 above,\n(i) this Agreement shall become void and of no further force and effect; provided, however, that the provisions of this Clause 5.5 and Clauses 1 (Definitions and Interpretation), 11 (Announcements and Confidentiality), 12 (Notices), 13 (Governing Law, Disputes and Jurisdiction), 14.1 (Entire Agreement), 14.6 (Variation), 14.7 (No Assignment), 14.8 (Waiver), 14.9 (Severability), 14.10 (Supersession) and 14.11 (Expenses) shall survive the termination of this Agreement indefinitely and that nothing herein shall relieve any Party from any liability for fraud or any breach of the provisions of this Agreement prior to such termination; and\n(ii) if applicable, the Observer shall no longer be entitled to attend the meetings of the Board (or any committee thereof) and the nominees of the Purchaser appointed on the Board in accordance with Clause 6.2 shall resign with immediate effect.", "snippet_links": 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OF ENGINEERING SERVICES"], ["review-process", "Review Process"]], "children": [["at-completion", "At Completion"], ["", ""], ["completion", "Completion"], ["on-completion", "On Completion"], ["date-and-place", "Date and Place"]], "size": 10200, "id": "completion", "related": [["project-completion", "Project Completion", "Project <strong>Completion</strong>"], ["construction-completion", "Construction Completion", "Construction <strong>Completion</strong>"], ["sale-completion", "Sale : Completion", "Sale : <strong>Completion</strong>"], ["final-completion", "Final Completion", "Final <strong>Completion</strong>"], ["diligent-completion", "Diligent Completion", "Diligent <strong>Completion</strong>"]], "related_snippets": [], "updated": "2026-10-23T04:27:39+00:00", "also_ask": ["What are the essential elements that must be included in a Completion clause to protect both parties?", "How can the Completion clause be strategically negotiated to allocate risk for delayed or failed completion?", "What are the most common pitfalls or fatal flaws in Completion clauses that could undermine enforceability?", "How do Completion clauses differ across jurisdictions or transaction types, and what legal standards apply?", "What evidence or conditions are typically required in court to prove that Completion has occurred or failed?"], "drafting_tip": "Specify completion criteria, set deadlines, and outline consequences for delay to ensure clarity, timely performance, and enforceability.", "explanation": "The Completion clause defines the conditions under which a project, service, or contractual obligation is considered fully finished according to the agreement. It typically outlines the criteria for completion, such as delivery of goods, final inspections, or acceptance by the client, and may specify documentation or certification required to confirm completion. This clause ensures both parties have a clear understanding of when obligations are fulfilled, reducing disputes and providing a basis for final payments or the transition to subsequent contractual phases."}, "json": true, "cursor": ""}}