Common use of SUSPENSIVE CONDITIONS Clause in Contracts

SUSPENSIVE CONDITIONS. 18.1 The Contract is subject to the suspensive condition that the Purchaser obtains a loan in the amount reflected in clause 7 of the SCHEDULE, forming part of the Purchase price payable by the Purchaser to the Seller for the Property, from a bank or other financial institution, against the security of a first mortgage bond over the Property in favour of such bank or financial institution, such loan to be approved in writing by such bank or financial institution within the period stipulated in clause 9 of the SCHEDULE.

Appears in 8 contracts

Samples: Agreement of Sale, Agreement of Sale, Agreement of Sale

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SUSPENSIVE CONDITIONS. 18.1 20.1 The Contract is subject to the suspensive condition that the Purchaser obtains a loan in the amount reflected in clause 7 8 of the SCHEDULE, forming part of the Purchase purchase price payable by the Purchaser to the Seller for the Propertyproperty, from a bank or other financial institution, against the security of a first mortgage bond over the Property property in favour of such bank or financial institution, such loan to be approved in writing by such bank or financial institution within the period stipulated in clause 9 10 of the SCHEDULE.

Appears in 2 contracts

Samples: Agreement of Sale, Agreement of Sale

SUSPENSIVE CONDITIONS. 18.1 The Contract is subject to the suspensive condition that the Purchaser obtains a loan in the amount reflected in clause 7 of the SCHEDULE, forming part of the Purchase price payable by the Purchaser to the Seller for the Property, from f rom a bank or other financial f inancial institution, against the security of a first f irst mortgage bond over the Property in favour of such bank or financial f inancial institution, such loan to be approved in writing by such bank or financial f inancial institution within the period stipulated in clause 9 of the SCHEDULE.

Appears in 1 contract

Samples: Agreement of Sale

SUSPENSIVE CONDITIONS. 18.1 25.1 The Contract is subject to the suspensive condition that the Purchaser obtains a loan in the amount reflected in clause 7 of the SCHEDULE, forming part of the Purchase purchase price payable by the Purchaser to the Seller for the Propertyproperty, from a bank or other financial institution, against the security of a first mortgage bond over the Property property in favour of such bank or financial institution, such loan to be approved in writing by such bank or financial institution within the period stipulated in clause 9 of the SCHEDULE.

Appears in 1 contract

Samples: Basic Contract

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SUSPENSIVE CONDITIONS. 18.1 20.1 The Contract is subject to the suspensive condition that the Purchaser obtains a loan in the amount reflected in clause 7 of the SCHEDULE, forming part of the Purchase purchase price payable by the Purchaser to the Seller for the Propertyproperty, from a bank or other financial institution, against the security of a first mortgage bond over the Property property in favour of such bank or financial institution, such loan to be approved in writing by such bank or financial institution within the period stipulated in clause 9 of the SCHEDULE.

Appears in 1 contract

Samples: Agreement of Sale

SUSPENSIVE CONDITIONS. 18.1 19.1 The Contract is subject to the suspensive condition that the Purchaser obtains a loan in the amount reflected in clause 7 of the SCHEDULE, forming part of the Purchase price payable by the Purchaser to the Seller for the Property, from a bank or other financial institution, against the security of a first mortgage bond over the Property in favour of such bank or financial institution, such loan to be approved in writing by such bank or financial institution within the period stipulated in clause 9 of the SCHEDULE.

Appears in 1 contract

Samples: Agreement of Sale

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