Delivery of Vacant Possession Clause Samples

Delivery of Vacant Possession. 11.2.1 Subject to the Vendor’s receipt of the Balance Purchaser Price in accordance with Clause 3 above, vacant possession of the entire Property shall be delivered by the Vendor to the Purchaser five (5) Business Days from the Vendor’s Solicitors’ receipt of the Balance Purchase Price (“VP Date”). 11.2.2 In the event that vacant possession is not delivered in accordance with Clause 11.2.1 above, the Vendor shall pay to the Purchaser late delivery charges at the rate of Eight percent (8%) per annum on the Purchase Price to be calculated on a day to day basis commencing from the date immediately following expiry of the said five (5) Business Days period until the actual delivery of vacant possession to the Purchaser Provided Always that nothing herein contained shall prejudice the other rights and remedies as may be available to the Purchaser at law or in equity.

Delivery of Vacant Possession. The Purchaser will have vacant possession of the Strata Lot on the business day following the Completion Date after payment of the Purchase Price in full.

Delivery of Vacant Possession. The Vendor shall deliver vacant possession of the Property in such condition as at the time of inspection of the Property by the Purchaser (fair wear and tear excepted) within five (5) days from the presentation of the Transfer for registration. In the event the Vendor fails to deliver the vacant possession within the stipulated period, the Vendor shall pay to the Purchaser interest at the rate of eight per cent (8%) per annum on the total purchase price calculated on a day to day basis from the last date for delivery of vacant possession until the date of actual delivery of vacant possession of the Property by the Vendor to the Purchaser, and that the Vendor’s solicitors shall be entitled to retain any part of the purchase price to pay for the delay in the delivery of vacant possession payable by the Vendor to the Purchaser. The Vendor’s solicitors shall not release the Balance Consideration together with the late payment interest (if any) until the Vendor delivers vacant possession of the Property to the Purchaser.

Delivery of Vacant Possession. Vacant possession of the Land on an “as is where is” basis together with all existing structures, if any thereon, shall be delivered to the Lessee on the Effective Date subject to the payment of all monies and the signing of all documents by the Lessee as required under this Agreement.

Delivery of Vacant Possession. Subject to the Developer’s observance of all the terms and conditions thereof, vacant possession of the Land shall be delivered to the Developer on an as-is-where- is basis within five (5) business days from the Unconditional Date.

Delivery of Vacant Possession. 3.1 Vacant possession of the Land on an 'as is where is' basis together with all existing structures, if any thereon or therein, shall be delivered or deemed to have been delivered to the Lessee on the Effective Date subject to the payment of all monies and the signing of all documents by the Lessee as required under this Agreement. 3.2 Possession of Parcel 1 excluding the Subterranean CST Stratum and the Subterranean RTS Stratum is to be delivered to the Lessee on the Effective Date subject to the payment of all monies and the signing of all required documents by the Lessee as mentioned in Clause 3.1. In the event of any determination by the Government and the Urban Redevelopment Authority pursuant to Clause 13D that only part of the Subterranean CST Stratum is to be excluded from Parcel 1, possession of such part of the Subterranean CST Stratum that is to be included as part of Parcel 1 as determined by the Government and the Urban Redevelopment Authority shall with effect from the date of such determination be deemed to have been delivered to the Lessee as from the Effective Date and the Lessee shall not raise any objection in relation thereto. The lease to be granted to the Lessee pursuant to Clause 2 of this Agreement shall with respect to Parcel 1, be for Parcel 1 excluding the Subterranean Government CST Stratum (as so determined by the Government and the Urban Redevelopment Authority) and the Subterranean RTS Stratum. 3.3 Possession of the Subject Parcels is to be delivered to the Lessee for purpose of the construction of the public underground or elevated pedestrian connections therein in accordance with the Planning Parameters but the lease to be granted to the Lessee pursuant to Clause 2 of this Agreement shall, with respect to the Subject Parcels, be for only the Subterranean/Air-space Lots. 3.4 Subject to Clause 3.3, the Lessee shall have no right or interest whatsoever in or with respect to the Subject Parcels save for the Subterranean/Air-space Lots, and upon completion (as part of the Completion of the IR2) of the subterranean or elevated pedestrian connections on or within each of the Subject Parcels: (i) save for the Subterranean/Air-space Lots, the Lessee shall vacate all other parts of the Subject Parcels; and (ii) possession of the Subject Parcels (excluding the Subterranean/Air-space Lots), shall be deemed to have been vacated by the Lessee and handed back to the Lessor DA.20190403v4 without the requirement for any action or notice on...

Delivery of Vacant Possession. 12.1 Vacant possession of the said Property shall be delivered to the Purchaser on the date which is no later than fourteen (14) days from the date the Balance Purchase Price together with the late payment interest (if any) and any other payment stipulated in this Agreement and the Deed of Mutual Covenant shall have been paid by the Purchaser to the Vendor and the said Property shall be free from encumbrances immediately prior to the handing over of vacant possession of the said Property to the Purchaser. 12.2 Upon the expiry of fourteen ( 14) days from the date of a notice from the Vendor requesting the Purchaser to take possession of the said Property, whether or not the Purchaser has actually entered into possession or occupation of the said Property, the Purchaser shall be deemed to have taken delivery of vacant possession of the same. SALE AND PURCHASE AGREEMENT ONE BUIOT SENYUM PHASE l, THE ASTAKA@ TOWER A AND B 5

Delivery of Vacant Possession. Vacant possession of the Property shall be delivered by the Vendor to the Purchaser within Five (5) Business Days from the Vendor’s receipt of the full Balance Purchase Price together with the late payment interest (if any). In the event the Vendor delays delivery of vacant possession to the Purchaser, the Vendor shall pay to the Purchaser interest at Eight per centum (8%) per annum on the full Purchase Price calculated on a daily basis from the day vacant possession ought to be delivered to the date of actual delivery of vacant possession. Provided Always That if delivery of vacant possession is delayed due to the Purchaser’s failure or delay to pay any late payment interest and/or due to the failure of the Purchaser to accept vacant possession for any manner whatsoever (unless due to the fault of the Vendor), then the Vendor’s Solicitors are authorised to release the Balance Purchase Price to the Vendor upon the Vendor delivering the keys of the Property to the Vendor’s Solicitors as stakeholders with authority to the Vendor’s Solicitors to release the keys to the Purchaser only upon full settlement by the Purchaser of any late payment interest. The actual day on which vacant possession is delivered to the Purchaser shall be referred to as the “Date of Vacant Possession”.

Delivery of Vacant Possession. REINSTATEMENT BY THE TENANT ---------------------------------------------------------