Documents and Keys Sample Clauses

Documents and Keys. (a) In exchange for payment of the Balance Purchase Price, the Seller must deliver to the Buyer at Settlement: (i) any instrument of title for the Lot required to register the transfer to the Buyer; (ii) subject to clause 22.5(b), the Keys in the Seller's possession or control for all locks and security systems on the Lot; and (iii) subject to clause 22.5(c), unstamped Transfer Documents capable of immediate registration after stamping. (b) The Seller may make the Keys available for collection by the Buyer from the Agent or from another person at a location within the Scheme nominated by the Seller and this will constitute delivery of the Keys to the Buyer. (c) If, on Settlement, the Lot is subject to any registered mortgage or a security interest that is registered on the Personal Properties Securities Register that relates to the Lot, the Buyer must accept, on Settlement a signed release or partial release of the Lot from such mortgage or security interest together with any necessary duty declaration to procure the stamping of that release if it must be stamped. Except as stated in this clause 22.5(c), the Seller is not required to provide a release of any security interest at Settlement. (d) Immediately after Settlement, the Buyer must give the necessary notice to the Body Corporate that the Buyer has become the owner of the Lot.