Common use of Closing Arrangements Clause in Contracts

Closing Arrangements. Where each of the Vendor and the Purchaser retain a solicitor to complete this Agreement, and where the transaction will be completed by electronic registration pursuant to Part lII of the ‘Land Registration Reform Act, R.S.O., Chapter L4, and any amendments thereto, the Vendor and the Purchaser acknowledge and agree that the delivery of documents and the release thereof to the Vendor and the Purchaser may, at the solicitor’s discretion: (a) not occur contemporaneously with the registration of the Transfer/Deed (and other registerable documentation); and, (b) be subject to conditions whereby the solicitor receiving documents and/or money will be required to hold them in trust and not release them except in accordance with the terms of a written agreement between their respective solicitors.

Closing Arrangements. Where each of the Vendor and the Purchaser retain a solicitor lawyer to complete this Agreementthe Agreement of Purchase and Sale of the property, and where the transaction will be completed by electronic registration pursuant to Part lII III of the ‘Land Registration Reform Act, R.S.O.R.S.O. , Chapter L4, and any amendments thereto, the Vendor and the Purchaser acknowledge and agree that the delivery of documents and the release thereof to the Vendor and the Purchaser may, at the solicitorlawyer’s discretion: (a) not occur contemporaneously with the registration of the Transfer/Deed (and other registerable documentation); and, ) and (b) be subject to conditions whereby the solicitor lawyer receiving documents and/or money will be required to hold them in trust and not release them except in accordance with the terms of a written agreement between their respective solicitorsthe lawyers.

Closing Arrangements. Where each of the Vendor and the Purchaser retain a solicitor lawyer to complete this Agreementthe Agreement of Purchase and Sale of the property, and where the transaction will be completed by electronic registration pursuant to Part lII III of the ‘Land Registration Reform Act, R.S.O.R.S.O. 1990, Chapter L4, L4 and any amendments thereto, the Vendor and the Purchaser acknowledge and agree that the delivery of documents and the release thereof to the Vendor and the Purchaser may, at the solicitor’s lawyer's discretion: (a) not occur contemporaneously with the registration of the Transfertransfer/Deed deed (and other registerable registrable documentation); and, and (b) be subject to conditions whereby the solicitor lawyer receiving documents and/or money will be required to hold them in trust and not release them except in accordance with the terms of a written agreement between their respective solicitorsthe lawyers.