Common use of CANCELLATION AND DEFAULT Clause in Contracts

CANCELLATION AND DEFAULT. The deposit will be returned to the Buyer(s) if the offer is not accepted, falls through because a condition could not be satisfied in time, or if the Seller defaults (in which case the Buyer(s) may pursue other remedies as well). If the Buyer defaults, the deposit is forfeit to the Seller(s), who may also seek other remedies against the Buyer(s) AUTHORIZATIONS REQUIRED Dated at this day of , 20 Signed in the presence of Sign Print In witness whereof I have set my hand (Signature Of Seller) (Print name) (Date) (Signature Of Seller) (Print name) (Date) SPOUSAL CLAUSE In consideration of the sum of one dollar ($1.00) (receipt of which is hereby acknowledged) and the entering into this agreement by the Buyer, the undersigned spouse of the Seller hereby consents to the disposition evidenced hereby pursuant to the Family Law Act, 1986, and agrees to execute any and all necessary or incidental documents to give full force and effect to such sale. (Signature of Witness) (Print name) (Date) (Signature of Spouse) (Print name) (Date) ACKNOWLEDGEMENT I/We acknowledge receipt of a signed copy of this accepted Agreement of Purchase and Sale and authorize a copy to be forwarded to my/our Solicitor (Signature of Seller) (Print name) (Date) (Signature of Seller) (Print name) (Date) 000 Xxxxxx Xxxxxx (000) 000-0000 Seller’s address and telephone number Xxxx X. Xxxxxxxxx Seller’s Solicitor 000 Xxxxxx Xxxxxx Solicitor’s address and telephone number I/We acknowledge receipt of a signed copy of this accepted Agreement of Purchase and Sale and authorize a copy to be forwarded to my/our Solicitor. (Signature of Buyer) (Print name) (Date) (Signature of Buyer) (Print name) (Date) 00 Xxxxxxxxx Xxxxx (000) 000-0000 Buyer’s address and telephone number Xxxxxxxxx Xxxxx Buyer’s Solicitor 000 Xxx Xxxxxx, Xxxxx 0000 416-789-2478 Solicitor’s address and telephone number AGREEMENT OF PURCHASE AND SALE RESIDENTAL PROPERTY Private Sale F-RES-1 – Conditions The Buyer(s) Xxxxxxxxx Xxxxx & Xxxx Xxxxx Offers to buy from the Seller Xxx Xxxxxx & Xxxxxxxxx Xxxxxx Property Address 000 Xxx Xxxxxx Provided the following conditions are satisfied by the deadline 17th day of October , 20 06 The Buyer agrees to pay the balance of the purchase price, subject to adjustments, in cash or by certified cheque, to the Seller on the completion of this transaction. This Offer is conditional upon the Buyer arranging, at the Buyer’s own expense, a new Charge/Mortgage for not less than ($ ), bearing interest at a rate of not more than % per annum, calculated semi-annually not in advance, repayable in blended monthly payments of about ($ ), including principal and interest, and to run for a term of not less than years from the date of completion of this transaction. Unless the Buyer gives notice in writing delivered to the Seller not later than p.m. on the day of , 20 , that this condition is fulfilled, this Offer shall be null and void and the deposit shall be returned to the Buyer in full without deduction. This condition is included for the benefit of the Buyer and may be waived at the Buyer’s sole option by notice in writing to the Seller within the time period stated herein. If the Charge/Mortgage being arranged by the Buyer is not obtained through the existing Chargee/Mortgagee, , the Buyer will pay to the Seller, in addition to the purchase price, all prepayment and bonus charges which the existing Chargee/Mortgagee lawfully charges the Seller. xxx.xxxxxxxxx.xxx Seller’s Initials Buyer’s Initials

CANCELLATION AND DEFAULT. The deposit will be returned In addition to any other remedies available, CISSD may cancel/terminate this Agreement and/or Purchase Order, in whole or in part, at any time by written notice to the Buyer(sVendor, including without limitation in any of the following circumstances: (a) if The Vendor fails to deliver the offer is not acceptedGoods as specified herein; (b) in CISSD’s good faith judgment, falls through because a condition could not be satisfied in timethe Vendor failed to perform, or jeopardized performance of, this Agreement and/or Purchase Order in compliance with its terms, and failed to cure such failure within ten (10) days after notice from CISSD; (c) The Vendor files for bankruptcy, reorganization, readjustment of debt or has insolvency proceedings instituted against it under law of any jurisdiction. On receipt of such notice, the Vendor shall discontinue all work, cancel all pending orders (and sub-orders) and terminate any sub-contracts relating to the Goods to be provided under this Agreement and/or Purchase Order. Upon such termination, full and complete settlement of all Vendor claims shall be made as follows: a) The Vendor shall be paid for the Goods conforming to this Agreement and Purchase Order till the date of termination; and b) title shall vest in CISSD for all such Goods for which CISSD has paid. CHANGES: Changes or amendments to this Agreement and/or Purchase Order may only be made by CISSD by its written authorization. CISSD may make changes in the method of shipping or packing and place of delivery by written communication (or, if accepted by Vendor, verbal communication) prior to the Seller defaults (in which case the Buyer(s) may pursue other remedies as well)shipment of Goods. If any such change by CISSD affects the Buyer defaultscost or delivery schedules as mentioned in this Agreement and/or Purchase Order, an equitable adjustment shall be made, provided the deposit is forfeit to the Seller(s), who may also seek other remedies against the Buyer(sVendor makes a written claim therefore within thirty (30) AUTHORIZATIONS REQUIRED Dated at this day of , 20 Signed in the presence of Sign Print In witness whereof I have set my hand (Signature Of Seller) (Print name) (Date) (Signature Of Seller) (Print name) (Date) SPOUSAL CLAUSE In consideration of the sum of one dollar ($1.00) (receipt of which is hereby acknowledged) and the entering into this agreement by the Buyer, the undersigned spouse of the Seller hereby consents to the disposition evidenced hereby pursuant to the Family Law Act, 1986, and agrees to execute any and all necessary or incidental documents to give full force and effect to such sale. (Signature of Witness) (Print name) (Date) (Signature of Spouse) (Print name) (Date) ACKNOWLEDGEMENT I/We acknowledge receipt of a signed copy of this accepted Agreement of Purchase and Sale and authorize a copy to be forwarded to my/our Solicitor (Signature of Seller) (Print name) (Date) (Signature of Seller) (Print name) (Date) 000 Xxxxxx Xxxxxx (000) 000-0000 Seller’s address and telephone number Xxxx X. Xxxxxxxxx Seller’s Solicitor 000 Xxxxxx Xxxxxx Solicitor’s address and telephone number I/We acknowledge receipt of a signed copy of this accepted Agreement of Purchase and Sale and authorize a copy to be forwarded to my/our Solicitor. (Signature of Buyer) (Print name) (Date) (Signature of Buyer) (Print name) (Date) 00 Xxxxxxxxx Xxxxx (000) 000-0000 Buyer’s address and telephone number Xxxxxxxxx Xxxxx Buyer’s Solicitor 000 Xxx Xxxxxx, Xxxxx 0000 416-789-2478 Solicitor’s address and telephone number AGREEMENT OF PURCHASE AND SALE RESIDENTAL PROPERTY Private Sale F-RES-1 – Conditions The Buyer(s) Xxxxxxxxx Xxxxx & Xxxx Xxxxx Offers to buy from the Seller Xxx Xxxxxx & Xxxxxxxxx Xxxxxx Property Address 000 Xxx Xxxxxx Provided the following conditions are satisfied by the deadline 17th day of October , 20 06 The Buyer agrees to pay the balance of the purchase price, subject to adjustments, in cash or by certified cheque, to the Seller on the completion of this transaction. This Offer is conditional upon the Buyer arranging, at the Buyer’s own expense, a new Charge/Mortgage for not less than ($ ), bearing interest at a rate of not more than % per annum, calculated semi-annually not in advance, repayable in blended monthly payments of about ($ ), including principal and interest, and to run for a term of not less than years days from the date of completion of this transaction. Unless the Buyer gives notice in writing delivered to the Seller not later than p.m. on the day of , 20 , that this condition is fulfilled, this Offer shall be null and void and the deposit shall be returned to the Buyer in full without deduction. This condition is included for the benefit CISSD’s communication of the Buyer and may be waived at the Buyer’s sole option by notice in writing to the Seller within the time period stated herein. If the Charge/Mortgage being arranged by the Buyer is not obtained through the existing Chargee/Mortgagee, , the Buyer will pay to the Seller, in addition to the purchase price, all prepayment and bonus charges which the existing Chargee/Mortgagee lawfully charges the Seller. xxx.xxxxxxxxx.xxx Seller’s Initials Buyer’s Initialschange.

CANCELLATION AND DEFAULT. The deposit will be returned In addition to any other remedies available, CISSD may cancel/terminate this Agreement and/or Purchase Order, in whole or in part, at any time by written notice to the Buyer(sService Provider, including without limitation in any of the following circumstances: (a) if The Service Provider fails to provide the offer is not acceptedServices as specified herein; (b) in CISSD’s good faith judgment, falls through because a condition could not be satisfied in timethe Service provider failed to perform, or if jeopardized performance of, this Agreement and/or Purchase Order in compliance with its terms, and failed to cure such failure within ten (10) days after notice from CISSD; (c) The Service Provider files for bankruptcy, reorganization, readjustment of debt or has insolvency proceedings instituted against it under law of any jurisdiction. On receipt of such notice, the Seller defaults (Service Provider shall discontinue all work, cancel all pending orders and terminate any subcontracts relating to the Services to be provided under this Agreement and/or Purchase Order. Upon such termination, full and complete settlement of all Service Provider’s claims shall be made as follows: a) The Service Provider shall be paid for the Services conforming to this Agreement and Purchase Order till the date of termination; and b) title shall vest in CISSD for all such Services for which case CISSD has paid. CHANGES: Changes or amendments to this Agreement and/or Purchase Order may only be made by CISSD by its written authorization. CISSD shall communicate the Buyer(s) may pursue other remedies as well)desired changes by written communication prior to availing of the Services. If any such change by CISSD affects the Buyer defaultscost or delivery schedules as mentioned in this Agreement and/or Purchase Order, an equitable adjustment shall be made, provided the deposit is forfeit to the Seller(s)Service Provider makes a written claim therefore, who may also seek other remedies against the Buyer(swithin thirty (30) AUTHORIZATIONS REQUIRED Dated at this day of , 20 Signed in the presence of Sign Print In witness whereof I have set my hand (Signature Of Seller) (Print name) (Date) (Signature Of Seller) (Print name) (Date) SPOUSAL CLAUSE In consideration of the sum of one dollar ($1.00) (receipt of which is hereby acknowledged) and the entering into this agreement by the Buyer, the undersigned spouse of the Seller hereby consents to the disposition evidenced hereby pursuant to the Family Law Act, 1986, and agrees to execute any and all necessary or incidental documents to give full force and effect to such sale. (Signature of Witness) (Print name) (Date) (Signature of Spouse) (Print name) (Date) ACKNOWLEDGEMENT I/We acknowledge receipt of a signed copy of this accepted Agreement of Purchase and Sale and authorize a copy to be forwarded to my/our Solicitor (Signature of Seller) (Print name) (Date) (Signature of Seller) (Print name) (Date) 000 Xxxxxx Xxxxxx (000) 000-0000 Seller’s address and telephone number Xxxx X. Xxxxxxxxx Seller’s Solicitor 000 Xxxxxx Xxxxxx Solicitor’s address and telephone number I/We acknowledge receipt of a signed copy of this accepted Agreement of Purchase and Sale and authorize a copy to be forwarded to my/our Solicitor. (Signature of Buyer) (Print name) (Date) (Signature of Buyer) (Print name) (Date) 00 Xxxxxxxxx Xxxxx (000) 000-0000 Buyer’s address and telephone number Xxxxxxxxx Xxxxx Buyer’s Solicitor 000 Xxx Xxxxxx, Xxxxx 0000 416-789-2478 Solicitor’s address and telephone number AGREEMENT OF PURCHASE AND SALE RESIDENTAL PROPERTY Private Sale F-RES-1 – Conditions The Buyer(s) Xxxxxxxxx Xxxxx & Xxxx Xxxxx Offers to buy from the Seller Xxx Xxxxxx & Xxxxxxxxx Xxxxxx Property Address 000 Xxx Xxxxxx Provided the following conditions are satisfied by the deadline 17th day of October , 20 06 The Buyer agrees to pay the balance of the purchase price, subject to adjustments, in cash or by certified cheque, to the Seller on the completion of this transaction. This Offer is conditional upon the Buyer arranging, at the Buyer’s own expense, a new Charge/Mortgage for not less than ($ ), bearing interest at a rate of not more than % per annum, calculated semi-annually not in advance, repayable in blended monthly payments of about ($ ), including principal and interest, and to run for a term of not less than years days from the date of completion of this transaction. Unless the Buyer gives notice in writing delivered to the Seller not later than p.m. on the day of , 20 , that this condition is fulfilled, this Offer shall be null and void and the deposit shall be returned to the Buyer in full without deduction. This condition is included for the benefit CISSD’s communication of the Buyer and may be waived at the Buyer’s sole option by notice in writing to the Seller within the time period stated herein. If the Charge/Mortgage being arranged by the Buyer is not obtained through the existing Chargee/Mortgagee, , the Buyer will pay to the Seller, in addition to the purchase price, all prepayment and bonus charges which the existing Chargee/Mortgagee lawfully charges the Seller. xxx.xxxxxxxxx.xxx Seller’s Initials Buyer’s Initialschange.

CANCELLATION AND DEFAULT. The deposit will be returned to the Buyer(s) if the offer is not accepted, falls through because a condition could not be satisfied in time, or if the Seller defaults (in which case the Buyer(s) may pursue other remedies as well). If the Buyer defaults, the deposit is forfeit to the Seller(s), who may also seek other remedies against the Buyer(s) AUTHORIZATIONS REQUIRED Dated at this day of , 20 Signed in the presence of Sign Print In witness whereof I have set my hand (Signature Of Seller) (Print name) (Date) (Signature Of Seller) (Print name) (Date) SPOUSAL CLAUSE In consideration of the sum of one dollar ($1.00) (receipt of which is hereby acknowledged) and the entering into this agreement by the Buyer, the undersigned spouse of the Seller hereby consents to the disposition evidenced hereby pursuant to the Family Law Act, 1986, and agrees to execute any and all necessary or incidental documents to give full force and effect to such sale. (Signature of Witness) (Print name) (Date) (Signature of Spouse) (Print name) (Date) ACKNOWLEDGEMENT I/We acknowledge receipt of a signed copy of this accepted Agreement of Purchase and Sale and authorize a copy to be forwarded to my/our Solicitor (Signature of Seller) (Print name) (Date) (Signature of Seller) (Print name) (Date) 000 Xxxxxx Xxxxxx (000) 000-0000 Seller’s address and telephone number Xxxx X. Xxxxxxxxx Seller’s Solicitor 000 Xxxxxx Xxxxxx Solicitor’s address and telephone number I/We acknowledge receipt of a signed copy of this accepted Agreement of Purchase and Sale and authorize a copy to be forwarded to my/our Solicitor. (Signature of Buyer) (Print name) (Date) (Signature of Buyer) (Print name) (Date) 00 Xxxxxxxxx Xxxxx (000) 000-0000 BuyerXxxxx’s address and telephone number Xxxxxxxxx Xxxxx BuyerXxxxx’s Solicitor 000 Xxx Xxxxxx, Xxxxx 0000 416000-789000-2478 0000 Solicitor’s address and telephone number AGREEMENT OF PURCHASE AND SALE RESIDENTAL PROPERTY Private Sale F-RES-1 – Conditions The Buyer(s) Xxxxxxxxx Xxxxx & Xxxx Xxxxx Offers to buy from the Seller Xxx Xxxxxx & Xxxxxxxxx Xxxxxx Property Address 000 Xxx Xxxxxx Provided the following conditions are satisfied by the deadline 17th day of October , 20 06 The Buyer agrees to pay the balance of the purchase price, subject to adjustments, in cash or by certified cheque, to the Seller on the completion of this transaction. This Offer is conditional upon the Buyer arranging, at the Buyer’s own expense, a new Charge/Mortgage for not less than ($ ), bearing interest at a rate of not more than % per annum, calculated semi-annually not in advance, repayable in blended monthly payments of about ($ ), including principal and interest, and to run for a term of not less than years from the date of completion of this transaction. Unless the Buyer gives notice in writing delivered to the Seller not later than p.m. on the day of , 20 , that this condition is fulfilled, this Offer shall be null and void and the deposit shall be returned to the Buyer in full without deduction. This condition is included for the benefit of the Buyer and may be waived at the Buyer’s sole option by notice in writing to the Seller within the time period stated herein. If the Charge/Mortgage being arranged by the Buyer is not obtained through the existing Chargee/Mortgagee, , the Buyer will pay to the Seller, in addition to the purchase price, all prepayment and bonus charges which the existing Chargee/Mortgagee lawfully charges the Seller. xxx.xxxxxxxxx.xxx Seller’s Initials Buyer’s Initials