Common use of Closing and Occupancy Date Clause in Contracts

Closing and Occupancy Date. The Purchaser will deliver the balance of the Purchase Price, at the Purchaser’s expense, by way of a solicitor’s CERTIFIED CHEQUE or BANK DRAFT, to XxXXXX LAW LLP in trust (the “Vendor’s Solicitors”) by NO LATER THAN 12:00 noon on the Closing Date. The Closing Date (the “Closing Date”) shall be the day immediately prior to the Occupancy Date. The Occupancy Date shall be the date that the Unit becomes ready to be occupied by the Purchaser, and the Vendor wants the Purchaser to take possession. On the Closing Date, title to the Unit, if available for conveyance, shall be transferred to the Purchaser provided that if title is not then available for transfer to the Purchaser, the Vendor shall continue to retain those monies received from the Purchaser and required to be held in trust pursuant to Section 14 of the Condominium Property Act, R.S.A. 2000, c. C-22 (the “Act”), and subclause 1(g) herein shall apply. Whether the Unit is ready to be occupied refers to the Unit and not any other unit or common property within the Development and the Unit will be deemed to be ready to be occupied if the City of Calgary has given permission in writing to occupy the Unit pursuant to the regulations under the Safety Codes Act, R.S.A. 2000, c. S-1, whether such permission is temporary, conditional or final. If the Closing Date is a Saturday, Sunday, holiday or a day upon which the Land Titles office is not open for business, the Closing Date shall be the immediately preceding business day. If the Closing Date has not occurred by November 30, 2019, (the “Outside Date”), then this Contract will be terminated, the Deposit and interest thereon will be returned to the Purchaser and the parties will be released from all of their obligations hereunder, provided that:

Closing and Occupancy Date. The Purchaser will deliver the balance of the Purchase Price, at the Purchaser’s expense, by way of a solicitor’s CERTIFIED CHEQUE or BANK DRAFT, to XxXXXX LAW & COMPANY LLP in trust (the “Vendor’s Solicitors”) by NO LATER THAN 12:00 noon on the Closing Date. The Closing Date (the “Closing Date”) shall be the day immediately prior to the Occupancy Date. The Occupancy Date shall be the date that the Unit becomes ready to be occupied by the Purchaser, and . The Closing Date shall occur on the Vendor wants the Purchaser to take possession. On the Closing Occupancy Date, at which time title to the Unit, if available for conveyance, shall be transferred to the Purchaser provided that if title is not then available for transfer to the Purchaser, the Vendor shall continue to retain those monies received from the Purchaser and required to be held in trust pursuant to Section 14 of the Condominium Property Act, R.S.A. 2000, c. C-22 (the “Act”), and subclause subsection 1(g) herein shall apply. Whether the Unit is ready to be occupied refers to the Unit and not any other unit or common property within the Development and the Unit will be deemed to be ready to be occupied if the City of Calgary has given permission in writing to occupy the Unit pursuant to the regulations under the Safety Codes Act, R.S.A. 2000, c. S-1, whether such permission is temporary, conditional or final. If the Closing Date is a Saturday, Sunday, holiday or a day upon which the Land Titles office is not open for business, the Closing Date shall be the immediately preceding following business day. If the Closing Date has not occurred by November 30September 30th, 2019, 2014 (the “Outside Date”), then this Contract will be terminated, the Deposit and interest thereon will be returned to the Purchaser and the parties will be released from all of their obligations hereunder, provided that:

Closing and Occupancy Date. The Purchaser will deliver the balance of the Purchase Price, at the Purchaser’s expense, by way of a solicitor’s CERTIFIED CHEQUE or BANK DRAFT, to XxXXXX LAW LLP in trust (the “Vendor’s Solicitors”) by NO LATER THAN 12:00 noon on the Closing Date. The Closing Date (the “Closing Date”) shall be the day immediately prior to the Occupancy Date. The Occupancy Date shall be the date that the Unit becomes ready to be occupied by the Purchaser, and . The Closing Date shall occur on the Vendor wants the Purchaser to take possession. On the Closing Occupancy Date, at which time title to the Unit, if available for conveyance, shall be transferred to the Purchaser provided that if title is not then available for transfer to the Purchaser, the Vendor shall continue to retain those monies received from the Purchaser and required to be held in trust pursuant to Section 14 of the Condominium Property Act, R.S.A. 2000, c. C-22 (the “Act”), and subclause 1(g) herein shall apply. Whether the Unit is ready to be occupied refers to the Unit and not any other unit or common property within the Development and the Unit will be deemed to be ready to be occupied if the City of Calgary has given permission in writing to occupy the Unit pursuant to the regulations under the Safety Codes Act, R.S.A. 2000, c. S-1, whether such permission is temporary, conditional or final. If the Closing Date is a Saturday, Sunday, holiday or a day upon which the Land Titles office is not open for business, the Closing Date shall be the immediately preceding following business day. If the Closing Date has not occurred by November June 30, 2019, 2018 (the “Outside Date”), then this Contract will be terminated, the Deposit and interest thereon will be returned to the Purchaser and the parties will be released from all of their obligations hereunder, provided that: