Early Termination Conditions definition
Examples of Early Termination Conditions in a sentence
If the Purchaser is not satisfied, in the Purchaser’s sole discretion, with the Early Termination Conditions, the Purchaser may revoke the Purchaser’s offer as set out in the proposed Purchase Agreement, or terminate the Purchase Agreement, as the case may be, by giving written notice to the Vendor within those three Business Days.
But the date for satisfaction of Early Termination Conditions is not a Critical Date.
The mechanism for extending the date for satisfaction of Early Termination Conditions is by mutual agreement.
The above Early Termination Conditions are for the benefit of both the Vendor and the Purchaser and cannot be waived by either party.
The Vendor shall provide written notice of the satisfaction or non-satisfaction of the Early Termination Conditions in accordance with the requirements of Section 6 of the Tarion Addendum.
The builder is obliged to take all commercially reasonable steps within the builder’s power to satisfy such Early Termination Conditions.
The parties must add additional pages as an appendix to this Addendum if there are additional Early Termination Conditions.
The Vendor agrees to take all commercially reasonable steps within its power to satisfy the Early Termination Conditions identified in subparagraph (d) above.
Note: The parties must add additional pages as an appendix to this Addendum if there are additional Early Termination Conditions.
If the Early Termination Conditions are not satisfied or deemed satisfied (or waived or deemed to have been satisfied or waived, if applicable), as provided for in paragraph 6 of the Tarion Addendum, then this Agreement will terminate; monies shall be returned in accordance with the Tarion Addendum and the parties shall have no other obligations or liabilities pursuant to this Agreement, or otherwise at law or in equity.