Common use of Early Termination Conditions Clause in Contracts

Early Termination Conditions. This Agreement is conditional until in order for the Vendor to obtain the Approval of the Town of Ajax (i) the siting of the Dwelling to be constructed upon the Land, including elevations, (ii) the Model Type of Dwelling (as described in Section 1(b) hereof to be constructed upon the Land and (iii) the exterior colour schemes and finishes of the Dwelling to be constructed upon the Land (as described in Schedule “I” hereto). The above Early Termination Conditions are for the benefit of both the Vendor and the Purchaser and cannot be waived by either party. The Vendor shall provide written notice of the satisfaction or non-satisfaction of the Early Termination Conditions in accordance with the requirements of Section 6 of the Tarion Addendum.

Early Termination Conditions. This Agreement is conditional until _____________________________  in order for the Vendor to obtain the Approval of the Town of Ajax (i) the siting of the Dwelling to be constructed upon the Land, including elevations, (ii) the Model Type of Dwelling (as described in Section 1(b) hereof to be constructed upon the Land and (iii) the exterior colour schemes and finishes of the Dwelling to be constructed upon the Land (as described in Schedule “I” hereto). The above Early Termination Conditions are for the benefit of both the Vendor and the Purchaser and cannot be waived by either party. The Vendor shall provide written notice of the satisfaction or non-satisfaction of the Early Termination Conditions in accordance with the requirements of Section 6 of the Tarion Addendum.