Remote settlement definition
Remote settlement means settlement of the sale and purchase of the property by way of the purchaser’s lawyer paying the moneys due and payable on the settlement date directly into the trust account of the vendor’s lawyer, in consideration of the vendor agreeing to meet the vendor’s obligations under subclause 3.8(2), pursuant to the protocol for remote settlement recommended in the PLS Guidelines.
Remote settlement means settlement of the sale and purchase of the property by way of the purchaser paying the moneys due and payable on the settlement date directly into the bank account of the vendor and providing proof of such payment to the vendor.
Remote settlement means settlement of the sale and purchase of the Vessel by way of the Purchaser’s lawyer paying the moneys due and payable on the Settlement Date directly into the trust account of the Vendor’s lawyer, in consideration of the Vendor agreeing to meet the Vendor’s obligations under sub-clause 5.8(2), pursuant to the protocol for remote settlement recommended in the PLS Guidelines.