DELAY IN TRANSFER. Should transfer of the PROPERTY be delayed, and such delay, in the opinion of Conveyancers, is caused by the PURCHASER, or the PURCHASER’S agents, then the Conveyancers shall be entitled to give written notice to the PURCHASER, calling upon him to remedy the delay failing which the PURCHASER will be charged interest on the outstanding purchase price at the effective interest rate, by way of xxxx interest until the PURCHASER ceases to delay the matter. This interest, if applicable, shall be in addition to any occupational interest provided for herein, and in addition to further claims of damages, incurred by the SELLER as a result of such delay.
Appears in 4 contracts
Samples: Agreement of Purchase and Sale, Agreement of Purchase and Sale, Agreement of Purchase and Sale
