Common use of Reference Plan Clause in Contracts

Reference Plan. Upon the signing of this Agreement, the Township shall retain a surveyor to prepare a reference plan to legally describe CIBC’s Parcel and the Township’s Parcel (the “Reference Plan”). The Reference Plan shall be subject to review and approval by CIBC prior to its registration in the appropriate Land Registry Office. All cost for the preparation and registration of the Reference Plan shall be paid by the Township.