Examples of Vacant Possession Event in a sentence
In the event that, after the Vacant Possession Event, there are insufficient monies in the Development Account to meet JV Liabilities (for a reasonable period in the future) then if the Parties are unable to reach agreement as to how to xxxxxx XX Liabilities and thereafter to fund the activities of the Joint Venture either party may refer the failure to agree to the Referee Panel in accordance with clause 20 and the provisions of clause 20 shall apply.
Save where expressly otherwise indicated or agreed between the Parties, the Parties will jointly be the contracting parties in any Necessary Contract relating to the Site, provided always that in respect of management of the Site prior to the Vacant Possession Event, each party will be responsible for the costs and payment due under any contract relating to the management of the parts of the Site in their respective ownerships.