Common use of COMPLETION AND HAND OVER Clause in Contracts

COMPLETION AND HAND OVER. 13.1. The Parties or their representatives shall be obliged to attend the Handover Inspection at any pre-arranged time, during which inspection the Parties shall agree to the Defects List. 13.2. If the Purchaser fails to attend a Handover Inspection within a reasonable period after having received written notice thereof by the Seller, then the Defects List and Completion Date will be determined by the Principal Agent. 13.3. The Seller shall remedy the defects on the Defects List as soon as reasonably possible. 13.4. Notwithstanding the provisions of this Clause 13, the Seller shall strictly enforce, for the benefit of the Purchaser, any guarantee or warranty which it may enjoy. To the extent that such guarantee or warranty relates to the Property, the Seller hereby cedes all its rights in terms thereof to the Purchaser and/or the Body Corporate.

Appears in 6 contracts

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

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COMPLETION AND HAND OVER. 13.1. The Parties or their representatives shall be obliged to attend the Handover Inspection at any pre-arranged time, during which inspection the Parties shall agree to the Defects List. 13.2. If the Purchaser fails to attend a Handover Inspection within a reasonable period after having received written notice thereof by the Seller, then the Defects List and Completion Date will be determined by the Principal Agentprincipal agent in terms of the JBCC. 13.3. The Seller shall remedy the defects on the Defects List as soon as reasonably possible. 13.4. Notwithstanding the provisions of this Clause 13, the Seller shall strictly enforce, for the benefit of the Purchaser, any guarantee or warranty which it may enjoy. To the extent that such guarantee or warranty relates to the Property, the Seller hereby cedes all its rights in terms thereof to the Purchaser and/or the Body Corporate.

Appears in 1 contract

Samples: Agreement of Sale

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COMPLETION AND HAND OVER. 13.1. The Parties or their representatives shall be obliged to attend the Handover Inspection at any pre-arranged time, during which inspection the Parties shall agree to the Defects List. 13.2. If the Purchaser fails to attend a Handover Inspection within a reasonable period after having received written notice thereof by the Seller, then the Defects List and Completion Date will be determined by the Principal Agentprincipal agent, being the appointed architect for the Development. 13.3. The Seller shall remedy the defects on the Defects List as soon as reasonably possible. 13.4. Notwithstanding the provisions of this Clause 13, the Seller shall strictly enforce, for the benefit of the Purchaser, any guarantee or warranty which it may enjoy. To the extent that such guarantee or warranty relates to the Property, the Seller hereby cedes all its rights in terms thereof to the Purchaser and/or the Body Corporate.

Appears in 1 contract

Samples: Agreement of Sale

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