Common use of Statutory Approvals Clause in Contracts

Statutory Approvals. 9.1 The Purchaser is aware that the unit forms part of a new township development and as such the Seller is relying on obtaining certain town planning, environmental and other statutory and regulatory approvals before it will be in a position to transfer the unit to the Purchaser.

Statutory Approvals. 9.1 The Purchaser is aware that the unit Property forms part of a new township development and as such the Seller is relying on obtaining certain town planning, environmental and other statutory and regulatory approvals before it will be in a position to transfer the unit Property to the Purchaser.