Binding on Heirs and Death of Purchaser Sample Clauses

Binding on Heirs and Death of Purchaser. This Purchase Agreement shall inure to the benefit of and be binding upon the parties hereto, the successors and assigns of the Vendor and the heirs, executors, administrators, estate trustees and permitted assigns of the Purchaser. Notwithstanding the generality of the foregoing, should the Purchaser die after the time period prescribed by Section 73(2) of the Condo Act and before the Firm Occupancy Date or the Closing Date (as the case may be), the Purchaser’s estate shall furnish the Vendor with a notarial copy of a Certificate of Appointment of Estate Trustee prior to the Firm Occupancy Date or the Closing Date (as the case may be) and the estate of the deceased Purchaser shall continue to be bound by and perform all obligations of the Purchaser under the Purchase Agreement. Any failure to provide such Certificate of Appointment of Estate Trustee prior to the Firm Occupancy Date or the Closing Date (as the case may be) shall be a default under this Purchase Agreement, entitling the Vendor to terminate the transaction in accordance with the provisions of Section 8.1 of this Schedule and the provisions of Section 8.1 of this Schedule shall otherwise apply to such default. If the Purchaser is more than one person, the Vendor shall have the option of treating the surviving purchaser as the Purchaser under this Purchase Agreement in all respects and in such event the estate of the deceased Purchaser, the Purchaser’s estate and estate trustee hereby releases the Vendor from any claim whatsoever under this Purchase Agreement.
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Related to Binding on Heirs and Death of Purchaser

  • Binding on Assigns This Settlement shall be binding upon, and inure to the benefit of, the Parties and their respective heirs, trustees, executors, administrators, successors, and assigns.

  • Binding on Successors This Agreement will be binding on, and will inure to the benefit of, the parties to it and their respective heirs, legal representatives, successors, and assigns.

  • Binding on Successors and Assigns This Agreement shall be binding upon the Senior Representatives, the Senior Secured Parties, the Second Priority Representatives, the Second Priority Debt Parties, the Borrower, the other Grantors party hereto and their respective successors and assigns.

  • BINDINGEFFECT Forwarding this Agreement to the Allottee by the Promoter does not create a binding obligation on the part of the Promoter or the Allottee until, firstly, the Allottee signs and delivers this Agreement with all the schedules along with the payments due as stipulated in the Payment Plan within 30 (thirty) days from the date of receipt by the Allottee and secondly, appears for registration of the same before the concerned Sub- Registrar as and when intimated by the Promoter. If the Allottee(s) fails to execute and deliver to the Promoter this Agreement within 30 (thirty) days from the date of its receipt by the Allottee and/or appear before the Registrar/Sub-Registrar/ registrar of Assurance for its registration as and when intimated by the Promoter, then the Promoter shall serve a notice to the Allottee for rectifying the default, which if not rectified within 30(thirty) days from the date of its receipt by the Allottee, application of the Allottee shall be treated as cancelled and all sums deposited by the Allottee in connection therewith including the booking amount shall be returned to the Allottee without any interest or compensation whatsoever.

  • Binding Obligation Each Receivable shall constitute the genuine, legal, valid and binding payment obligation in writing of the related Obligor, enforceable by the holder thereof in accordance with its terms, except as enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation or other similar laws affecting the enforcement of creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law.

  • Agreement Binding on Successors This Agreement will be binding upon, and inure to the benefit of, the successors of each of the Parties.

  • Binding Obligations This Agreement and each of the other Transaction Documents to which it is a party constitutes legal, valid and binding obligations of the Servicer, enforceable against the Servicer in accordance with their respective terms, except (i) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) as such enforceability may be limited by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

  • Statement is conclusive and binding You must inspect and examine the statement of account and notify us of any irregularity or error in the statement of account within 10 days from the date of the statement of account, failing which the statement of account is conclusive evidence of your liability in respect of the amounts stated therein save for our manifest or clerical error, provided that we are entitled, at any time and without liability, to rectify any irregularity or error in the statement of account.

  • Binding Upon Successors and Assigns Subject to, and unless otherwise provided in, this Agreement, each and all of the covenants, terms, provisions, and agreements contained herein shall be binding upon, and inure to the benefit of, the permitted successors, executors, heirs, representatives, administrators and assigns of the parties hereto.

  • Binding Agreement This Agreement shall be binding and inure to the benefit of the Parties hereto and their respective heirs, legal successors, and assigns.

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