Common use of Reservations Clause in Contracts

Reservations. (1) The Seller must remove the Reserved Items from the Property before settlement. (2) The Seller must repair at its expense any damage done to the Property in removing the Reserved Items. If the Seller fails to do so, the Buyer may repair that damage. (3) Any Reserved Items not removed before settlement will be considered abandoned and the Buyer may, without limiting its other rights, complete this contract and appropriate those Reserved Items or dispose of them in any way. (4) The Seller indemnifies the Buyer against any damages and expenses resulting from the Buyer’s actions under clauses 5.6(2) or 5.6(3).

Appears in 56 contracts

Sources: Contract for Houses and Residential Land, Contract for Residential Lots in a Community Titles Scheme, Contract for Houses and Residential Land

Reservations. (1) The Seller must remove the Reserved Items from the Property before settlement. (2) The Seller must repair at its expense any damage done to the Property in removing the Reserved Items. If the Seller fails to do so, the Buyer may repair that damage. (3) Any Reserved Items not removed before settlement will be considered abandoned and the Buyer may, without limiting its other rights, complete this contract and appropriate those Reserved Items or dispose of them in any way. (4) The Seller indemnifies the Buyer against any damages and expenses resulting from the Buyer’s actions under clauses 5.6(25.8(2) or 5.6(35.8(3).

Appears in 5 contracts

Sources: Contract for Commercial Land and Buildings, Contract for Commercial Land and Buildings, Contract for Commercial Lots in a Community Titles Scheme

Reservations. (1) The Seller must remove the Reserved Items from the Property before settlement. (2) The Seller must repair at its expense any damage done to the Property in removing the Reserved Items. If the Seller fails to do so, the Buyer may repair that damage.damage.‌ (3) Any Reserved Items not removed before settlement will be considered abandoned and the Buyer may, without limiting its other rights, complete this contract and appropriate those Reserved Items or dispose of them in any way. (4) The Seller indemnifies the Buyer against any damages and expenses resulting from the Buyer’s actions under clauses 5.6(2) or 5.6(3).

Appears in 4 contracts

Sources: Contract for Houses and Residential Land, Contract for Houses and Residential Land, Contract for Residential Lots in a Community Titles Scheme

Reservations. (1) The Seller must remove the Reserved Items from the Property before settlement. (2) The Seller must repair at its expense any damage done to the Property in removing the Reserved Items. If the Seller fails to do so, the Buyer may repair that damage. (3) Any Reserved Items not removed before settlement will be considered abandoned and the Buyer may, without limiting its other rights, complete this contract and appropriate those Reserved Items or dispose of them in any way. (4) The Seller indemnifies the Buyer against any damages and expenses resulting from the Buyer’s actions under clauses 5.6(2) or 5.6(3).and

Appears in 1 contract

Sources: Contract for Houses and Residential Land