Common use of Electronic Registration Clause in Contracts

Electronic Registration. The following requirements apply: (a) the Mortgage Memorandum number applicable is 2015/4328; (b) a binding written authority (in the form approved by the New Zealand Law Society and the Registrar-General of Land) from all appropriate parties must be obtained; (c) all necessary steps must be taken to confirm the identity of the authorising party and evidence of that fact must be retained for the period specified by the Regulations made under the Land Transfer Act 2017; (d) the instrument(s) must comply with any statutory regulations specified for that instrument and evidence be retained of that fact for the period specified by the Regulations made under the Land Transfer Act 2017; and (e) the Facility and Credit Union Share purchase proceeds must not be released until all instruments have been successfully pre-validated by all relevant parties and you have obtained appropriate solicitor’s undertakings (if applicable).

Electronic Registration. The following requirements apply: (a) the Mortgage Memorandum number applicable is 2015/4328; (b) a binding written authority (in the form approved by the New Zealand Law Society and the Registrar-General of Land) from all appropriate parties must be obtained; (c) all necessary steps must be taken to confirm the identity of the authorising party and evidence of that fact must be retained for the period specified by the Regulations made under the Land Transfer Act 2017; (d) the instrument(s) must comply with any statutory regulations specified for that instrument and evidence be retained of that fact for the period specified by the Regulations made under the Land Transfer Act 2017; and (e) the Facility and Credit Union Share purchase proceeds must not be released until all instruments have been successfully pre-validated by all relevant parties and you have obtained appropriate solicitor’s undertakings (if applicable).