Common use of Completion Obligations Clause in Contracts

Completion Obligations. Unless alternative arrangements have been made in accordance with clause 7(a), at Completion, unless previously provided: (a) the Buyer must: (i) pay the Balance Purchase Price to the Seller (or as it directs); and (ii) reimburse the Seller, or any entity which has incurred costs on behalf of the Seller, for any costs incurred in undertaking any subdivision, amalgamation or ROL zone change to create the Water Allocation pursuant to clause 2.1, by way of bank cheque; (b) the Buyer must provide the Seller with: (i) an original stamped copy of this Agreement and a copy of the stamped Transfer Instrument; (ii) (if required by the Seller), the Supply Contracts executed by the Buyer, and the Buyer authorises the Seller to insert the date of the Supply Contracts with the Date of Completion; (iii) a Bank Guarantee as required to be provided under the Supply Contracts; and (iv) an authority to the Deposit Holder to release the Deposit to the Seller; (c) the Seller will provide the Buyer with: (i) if not already provided, the Transfer Instrument signed by the Seller; (ii) a Notice to Registrar executed by (or on behalf of) the ROL Holder; and (iii) if requested by the Buyer not less than 15 Business Days prior to the Completion Date copies of any other documents to be signed by the Seller as necessary for registering the Transfer Instrument if required; and (d) for the avoidance of doubt and notwithstanding anything else to the contrary, the Seller will have no obligation to complete this Agreement (or deliver any items under this clause 8.2) unless the Supply Contracts have been executed and delivered by the Buyer to the Seller in accordance with clause 8.2(b)(ii).

Appears in 3 contracts

Samples: Contract of Sale of Water Allocation, Contract of Sale, Contract of Sale of Water Allocation

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