Possession Before Settlement Clause Samples

The 'Possession Before Settlement' clause allows a buyer to take physical possession of a property prior to the official settlement date. Typically, this arrangement requires the buyer to agree to certain conditions, such as paying a daily occupancy fee or maintaining insurance, and may specify the responsibilities for utilities and property care during this interim period. The core function of this clause is to provide flexibility for both parties when early access is needed, while clearly allocating risk and responsibilities to prevent disputes before the transaction is finalized.
Possession Before Settlement. If possession is given before settlement: (1) the Buyer must maintain the Property in substantially its condition at the date of possession, fair wear and tear excepted; (2) entry into possession is under a licence personal to the Buyer revocable at any time and does not: (a) create a relationship of landlord and tenant; or (b) waive the Buyer’s rights under this contract; (3) the Buyer must insure the Property to the Seller’s satisfaction; and (4) the Buyer indemnifies the Seller against any expense or damages incurred by the Seller as a result of the Buyer’s possession of the Property.
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Possession Before Settlement. If possession is given before settlement:
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Possession Before Settlement. If possession is given before settlement: (1) the Buyer must maintain the Property in substantially its condition at the date of possession, fair wear and tear
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Possession Before Settlement. If possession is given before settlement: result of the Seller’s default, including its legal costs on an indemnity basis. (1) the Buyer must maintain the Property in substantially
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Possession Before Settlement. If possession is given before settlement: an indemnity basis and the cost of any Work or Expenditure under clause 7.6(3). (2) the Buyer must maintain the Property in substantially its condition at the date of possession, fair wear and tear excepted; entry into possession is under a licence personal to the Buyer revocable at any time and does not:
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Possession Before Settlement. If possession is given before settlement: result of the Seller’s default, including its legal costs on an indemnity basis. (1) the Buyer must maintain the Property in substantially 9.9 Interest on Late Payments (2) its condition at the date of possession, fair wear and tear excepted; entry into possession is under a licence personal to the Buyer revocable at any time and does not: (1) The Buyer must pay interest at the Default Rate: (a) on any amount payable under this contract which is not paid when due; and (b) on any judgement for money payable under this (a) create a relationship of Landlord and Tenant; or (b) waive the Buyer's rights under this contract; (2) contract. Interest continues to accrue: (4) the Buyer must insure the Property to the Seller’s satisfaction; and the Buyer indemnifies the Seller against any expense or damages incurred by the Seller as a result of the
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Possession Before Settlement. Any profit on a resale belongs to the Seller. If possession is given before settlement:
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Related to Possession Before Settlement

  • Tax Periods Beginning Before and Ending After the Closing Date The Company or the Purchaser shall prepare or cause to be prepared and file or cause to be filed any Returns of the Company for Tax periods that begin before the Closing Date and end after the Closing Date. To the extent such Taxes are not fully reserved for in the Company’s financial statements, the Sellers shall pay to the Company an amount equal to the unreserved portion of such Taxes that relates to the portion of the Tax period ending on the Closing Date. Such payment, if any, shall be paid by the Sellers within fifteen (15) days after receipt of written notice from the Company or the Purchaser that such Taxes were paid by the Company or the Purchaser for a period beginning prior to the Closing Date. For purposes of this Section, in the case of any Taxes that are imposed on a periodic basis and are payable for a Taxable period that includes (but does not end on) the Closing Date, the portion of such Tax that relates to the portion of such Tax period ending on the Closing Date shall (i) in the case of any Taxes other than Taxes based upon or related to income or receipts, be deemed to be the amount of such Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax period ending on the Closing Date and the denominator of which is the number of days in the entire Tax period (the “Pro Rata Amount”), and (ii) in the case of any Tax based upon or related to income or receipts, be deemed equal to the amount that would be payable if the relevant Tax period ended on the Closing Date. The Sellers shall pay to the Company with the payment of any taxes due hereunder, the Sellers’ Pro Rata Amount of the costs and expenses incurred by the Purchaser or the Company in the preparation and filing of the Tax Returns. Any net operating losses or credits relating to a Tax period that begins before and ends after the Closing Date shall be taken into account as though the relevant Tax period ended on the Closing Date. All determinations necessary to give effect to the foregoing allocations shall be made in a reasonable manner as agreed to by the parties.

  • Tax Periods Ending on or Before the Closing Date Buyer shall prepare or cause to be prepared and file or cause to be filed all Tax Returns for the Company and the Company Subsidiary for all periods ending on or prior to the Closing Date which are required to be filed (taking into account all extensions properly obtained) after the Closing Date.

  • Discussions Before Termination (a) Where an employer has made a definite decision that the employer no longer wishes the job the employee has been doing done by anyone and this is not due to the ordinary and customary turnover of labour and that decision may lead to termination of employment, the employer shall hold discussions with the employees directly affected and with his/her union, where applicable. (b) The discussion shall take place as soon as is practicable after the employer has made a definite decision which will invoke the provisions of paragraph (a) of this subclause and shall cover among other things, any reasons for the proposed terminations, measures to avoid or minimise the terminations and measures to minimise any adverse affect of any terminations on the employees concerned. The employer will confirm the content of these discussions in writing.

  • If You Withdraw Before Approval If you or any co-applicant withdraws an Application or notifies us that you’ve changed your mind about the unit, we’ll be entitled to retain all application deposits as liquidated damage, and the parties then have no further obligation to each other.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your ▇▇▇▇ ▇▇▇ within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at ▇▇▇.▇▇▇.▇▇▇.