LOCKER AND PARKING ASSIGNMENT Sample Clauses

LOCKER AND PARKING ASSIGNMENT. The Purchaser acknowledges that at any time prior to the Title Closing Date, the Vendor shall have the right in its absolute and unfettered discretion to designate and re-designate the location of the Parking Unit(s) and Locker Unit(s). The Vendor may give priority as to the location of such Parking Unit(s) and Locker Unit(s) to persons with special needs. Under no circumstances may Purchasers assign their rights to any Parking or Locker Unit prior to the Title Closing Date. 1. The transfer of title to the Property shall take place on the Title Closing Date, upon which date, unless otherwise expressly provided for hereunder, the term of this Licence shall be determined. 2. The Purchaser shall pay to the Vendor an Occupancy Fee calculated in accordance with Paragraph 6 of Schedule “X” of the Agreement of Purchase and Sale as an occupancy charge on the first day of each month in advance during occupancy. If the Occupancy Date is not the first day of the month, then the Occupancy Fee shall be prorated based upon the number of days in such month and shall be paid, in advance, on the Occupancy Date for the balance of the month. The Purchaser shall deliver to the Vendor on or before the Occupancy Date a series of six (6) post-dated cheques for payment of the monthly Occupancy Fee. The Occupancy Fee may be recalculated by the Vendor, from time to time, based on revised estimates of the items which may be lawfully taken into account in the calculation thereof and the Purchaser shall pay to the Vendor such revised Occupancy Fee following notice from the Vendor. 3. The Purchaser shall be allowed to remain in occupancy of the Property during the Interim Occupancy Period provided the terms of the within Licence and the Agreement of Purchase and Sale have been observed and performed by the Purchaser. In the event the Purchaser breaches the terms of occupancy, the Vendor in its sole discretion and without limitation of any other rights or remedies provided for in the Agreement of Purchase and Sale or in law may terminate the Agreement of Purchase and Sale and revoke this Licence of the Purchaser pursuant to Paragraph 23 of Schedule “X” of the Agreement of Purchase and Sale whereupon the Purchaser shall be deemed a trespasser and shall give up vacant possession forthwith. The Purchaser acknowledges and agrees that the Purchaser is not a tenant and provisions of the Residential Tenancies Act, 2006, as amended or replace, shall not apply. If the Purchaser fails to give up ...