Computer System Unavailable. If settlement fails and cannot occur by 4pm AEST on the Settlement Date because a computer system operated by the Land Registry, Queensland Revenue Office, Reserve Bank, a Financial Institution or the relevant ELNO System is inoperative or unavailable, neither party is in default and the Settlement Date is deemed to be the next Business Day. Time remains of the essence.
Appears in 41 contracts
Sources: Contract for Houses and Residential Land, Contract for Commercial Land and Buildings, Contract for Houses and Residential Land
Computer System Unavailable. If settlement fails and cannot occur by 4pm AEST on the Settlement Date because a computer system operated by the Land Registry, Queensland Revenue OfficeOffice of State Revenue, Reserve Bank, a Financial Institution or the relevant ELNO System is inoperative or unavailableinoperative, neither party is in default and the Settlement Date is deemed to be the next Business Day. Time remains of the essence.
Appears in 24 contracts
Sources: Contract for Residential Lots in a Community Titles Scheme, Contract for Residential Lots in a Community Titles Scheme, Contract for Houses and Residential Land