The Construction Act definition
Examples of The Construction Act in a sentence
It is agreed between the parties hereto that the registration of a claim for lien or the giving of a copy of a claim for lien to the Clerk of the Municipality pursuant to The Construction Act, R.S.O. 1990, c.C.30, as amended from time to time shall entitle the Municipality, in addition to any other remedies available to it, to use all or any part of the Performance Guarantee to satisfy the liabilities and obligations of the Municipality as may arise pursuant to the said Act.
The Maintenance Guarantee shall be retained by the Municipality until the Owner has provided the Municipality with satisfactory evidence there has been full compliance with the requirements of The Construction Act, R.S.O. 1990, c.C.30, and that the time for preserving liens has expired in relation to such work, services or materials for which the Municipality may, in the sole and absolute opinion of the Municipality's Solicitor, be liable.
The Purchaser shall be deemed and construed to be a "home buyer" within the meaning of The Construction Act R.S.O. 1990, as amended (and shall not constitute an "owner" as defined in Section 1(1) thereof), and as such, the Purchaser shall not be entitled to demand that any holdback of the Purchase Price be maintained for construction liens on the Closing Date.
The Purchaser acknowledges and agrees that the monies paid to the Vendor as Deposits or Extras, shall not be recognized and treated for the purposes of The Construction Act R.S.O. 1990, as amended, as monies held in trust pursuant to the provisions of the Act.