Common use of On Settlement Clause in Contracts

On Settlement. (a) the Buyer must, pay the Balance Purchase Price, adjusted as provided in this Contract, by Bank Cheque/s (as directed by the Seller or its Solicitors in writing); and (b) the Seller must deliver (or cause to be delivered) to the Buyer (or as directed by the Buyer) Transfer Documents free from Encumbrances, unless detailed in Item 21, executed by the Seller in a form capable of immediate registration (save for stamping) in accordance with the Land Title Act 1994.

Appears in 2 contracts

Sources: Contract for Sale of House and Land, Contract for Sale of House and Land