Examples of Settlement Obligations in a sentence
An Affected Party must take reasonable steps tominimise the effect of the Delay Event on its ability to perform its Settlement Obligations.(1)(2)The Seller must remove the Reserved Items from the Property before settlement.The Seller must repair at its expense any damage done to the Property in removing the Reserved(4)When an Affected Party is no longer prevented from performing its Settlement Obligations due to the Delay Event, the Affected Party must give the other party a notice of that fact, promptly.
Title to the Included Chattels passes at settlement.Reservations (2) (3)relating to the provision of finance, the release of an Encumbrance, the sale or purchase of another property or otherwise.Time for the performance of the parties' Settlement Obligations is suspended and ceases to be of the essence of the contract and the parties are deemed not to be in breach of their Settlement Obligations.