Common Contracts
1 similar null contracts
The Canadian Abridgment eDigests -- Real PropertyJuly 5th, 2021
Plaintiffs entered agreement to sell five properties, including subject property, to defendants for $10 million -- Plaintiffs agreed to provide financing of $5 million secured by vendor take-back mortgage with subject property designated as principal security and remaining properties designated as collateral security -- Defendants subsequently proposed alternative arrangement providing for three separate agreements, one for sale and purchase of subject property for $5 million, one for sale and purchase of three properties for $3.5 million, and one for sale and purchase of fifth property for $1.5 million -- Total price would still be $10 million and vendor would still provide financing of $5 million -- Plaintiffs agreed and defendants paid $100,000 deposit for each of three agreements -- Defendants subsequently waived due diligence condition in agreement related to subject property but did not waive condition in agreements related to other properties by deadline -- When defendants sough
