Unit Transfer Date definition
Examples of Unit Transfer Date in a sentence
The Assignee agrees with the Assignor to be bound by the terms and provisions of such Developer's/Vendor's Agreement from the Closing Date of the within Assignment of Agreement of Purchase and Sale until the Unit Transfer Date and that the within document is an agreement to assign the aforesaid Agreement of Purchase and Sale to the Assignee.
If Purchaser or Purchaser's Solicitor indicates or expresses to Vendor or Vendor's Solicitors, on or before Unit Transfer Date that Purchaser is unable or unwilling to close, Vendor is relieved from any obligation to make any formal tender and may exercise forthwith any and all of its rights and remedies.
Upon registration of Condominium, Vendor's solicitors shall designate a date for completion of this transaction not less than twenty (20) days thereafter as "Unit Transfer Date" by delivery of written notice to Purchaser or Purchaser’s solicitor.
The covenants, warranties, consents, acknowledgments and obligations contained herein on the part of or to be performed by Purchaser, and the rights conferred upon Vendor hereunder, shall survive Unit Transfer Date and remain in full force and effect notwithstanding transfer of title.
Tender, in the absence of any other arrangement agreed upon by the parties and subject to the provisions regarding electronic registration set forth below, shall be validly made by Vendor upon Purchaser by a representative of Vendor attending at the offices of ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ & ▇▇▇▇▇ LLP at 1:00 p.m. on the Unit Transfer Date, and remaining there until 2:00 p.m. and this shall constitute sufficient evidence that Vendor is ready, willing and able to complete the transaction.
Purchaser acknowledges having inspected the Unit and is purchasing the Unit on an "as is, where is" basis as they shall exist on the Unit Transfer Date.
The Vendor covenants that on the Occupancy Date or Unit Transfer Date (as applicable) a written warranty standard form will be requested by the Vendor from the administrator of the ONHWPA.
Purchaser covenants and agrees not to list for sale, advertise for sale, offer for sale, sell, lease, offer to lease, transfer or assign, Purchaser's rights hereunder or in Unit, at any time prior to Unit Transfer Date, without prior written consent of Vendor, which consent shall may be unreasonably withheld.
Transfer of title to Property shall take place on Unit Transfer Date upon which this Occupancy Licence shall be completed.
The Purchaser covenants not to install any foundation planting within 6’ of any external wall or finish the whole or any part of the basement of the Unit for a period of two (2) years after the Unit Transfer Date.