Deposit Protection Contract Sample Clauses

Deposit Protection Contract. If, prior to the completion of the transaction herein contemplated, the Seller has complied with all of the requirements set out in Section 19 of the Real Estate Development Marketing Act in respect of a developer’s use of deposits, as defined therein, and provided that the Seller has arranged for a deposit protection contract as contemplated by Section 19 of the Real Estate Development Marketing Act and as defined by the Insurance Act, then the Seller shall be entitled without any further authorization or consent of the Purchaser to the release to it of all or any portion of the Deposits and in such case the Purchaser does hereby irrevocably authorize and direct the Seller’s solicitors to release to the Seller so much of the Deposits as requested by the Seller and is permissible at law. Notwithstanding any other provision of the Purchase Agreement, in the event that the Seller enters into a deposit protection contract as aforesaid, the Purchaser hereby authorizes the Seller’s solicitors to release the Deposit to the Seller for use in construction and marketing of the Development. The Seller agrees to comply with all the terms and conditions of the Real Estate Development Marketing Act and regulations with respect to such deposit protection contract.
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Related to Deposit Protection Contract

  • OVERDRAFT PROTECTION To the extent permitted by law, You authorize Us to transfer funds from other Accounts You may have with Us in necessary multiples (or in such increments as We may from time to time determine) to Your Account to cover any overdraft. If You have a line of credit with Us, transfers will be made first from Your primary share Account, provided You have enough available funds in that Account, then from Your line of credit up to Your available credit limit, and then We may elect to pay such overdraft, subject to any preference You have indicated to Us for clearing any overdraft(s). Overdraft transfers are subject to a transfer fee. You hold Us harmless from any and all liability which might otherwise exist if a transfer does not occur.

  • Federal Water Pollution Control Act The contractor agrees to comply with all applicable standards, orders, or regulations issued pursuant to the Federal Water Pollution Control Act, as amended, 33 U.S.C. 1251 et seq.

  • Clean Air Act and Federal Water Pollution Control Act The contractor agrees to comply with all applicable standards, orders or regulations issued pursuant to the Clean Air Act, as amended, 42 U.S.C. § 7401 et seq.

  • OF CLEAN AIR ACT AND FEDERAL WATER POLLUTION CONTROL ACT This provision is applicable to all Federal-aid construction contracts and to all related subcontracts. By submission of this bid/proposal or the execution of this contract, or subcontract, as appropriate, the bidder, proposer, Federal-aid construction contractor, or subcontractor, as appropriate, will be deemed to have stipulated as follows: 1. That any person who is or will be utilized in the performance of this contract is not prohibited from receiving an award due to a violation of Section 508 of the Clean Water Act or Section 306 of the Clean Air Act. 2. That the contractor agrees to include or cause to be included the requirements of paragraph (1) of this Section X in every subcontract, and further agrees to take such action as the contracting agency may direct as a means of enforcing such requirements.

  • Iran Contracting Act If the Contract Amount is $1,000,000 or more and Contractor did not provide to JBE an Iran Contracting Act certification as part of the solicitation process, this section is applicable. Contractor certifies either (i) it is not on the current list of persons engaged in investment activities in Iran (“Iran List”) created by the California Department of General Services pursuant to PCC 2203(b), and is not a financial institution extending $20,000,000 or more in credit to another person, for forty-five (45) days or more, if that other person will use the credit to provide goods or services in the energy sector in Iran and is identified on the Iran List, or (ii) it has received written permission from the JBE to enter into this Agreement pursuant to PCC 2203(c).