Electronic Workspace Sample Clauses
Electronic Workspace join the Electronic Workspace;
Electronic Workspace. The Seller must nominate the ELNO System to be used for the Electronic Settlement. Despite clause 10.4(9), the Seller may nominate the ELNO System by sending or accepting an invitation to an Electronic Workspace in an ELNO System.
Electronic Workspace. 44.1 For the purposes of this clause 44, “Vendor” includes the Vendor’s Representative and “Purchaser” includes the Purchaser’s Representative and words and phrases have the same meaning as in the Participation Rules.
44.2 At least 10 Business Days before the Date for Settlement, the Vendor must:
44.2.1 open an Electronic Workspace for the purposes of this contract;
44.2.2 populate the Electronic Workspace with the details of the Land and other required particulars in relation to the sale of the Land; and
44.2.3 invite the Purchaser and the Vendor’s mortgagee (if any) to join the Electronic Workspace.
44.3 The Purchaser must:
44.3.1 accept the invitation to join the Electronic Workspace within 2 Business Days of receipt of the invitation;
44.3.2 populate the Electronic Workspace with the required particulars in relation to the sale of the Land; and
44.3.3 invite the Purchaser’s mortgagee (if any) to join the Electronic Workspace.
44.4 If the Vendor does not comply with paragraph 44.2, the Purchaser may:
44.4.1 open an Electronic Workspace for the purposes of this contract;
44.4.2 populate the Electronic Workspace with the details of the Land and other required particulars in relation to the sale of the Land; and
44.4.3 invite the Vendor and the Purchaser’s mortgagee (if any) to join the Electronic Workspace; and the Vendor must:
44.4.4 accept the Purchaser’s invitation to join the Electronic Workspace within 2 Business Days of receipt of that invitation;
44.4.5 populate the Electronic Workspace with the required particulars in relation to the sale of the Land; and
44.4.6 invite the Vendor’s mortgagee (if any) to join the Electronic Workspace.
44.5 The parties must do all things reasonably necessary and in a timely manner to complete the Electronic Workspace in order to achieve Settlement on the Settlement Day.
44.6 Without limiting paragraph 44.4, to enable the Electronic Workspace to be completed:
44.6.1 the Vendor must provide the Purchaser with the adjustment amounts in accordance with this contract no later than 2 Business Days before the Date for Settlement;
44.6.2 the Vendor must populate the Electronic Workspace with payment details no later than 1 Business Day before the Date for Settlement; and
44.6.3 the parties must, no later than 1 Business Day before the Date for Settlement, ensure that:
(a) all required data has been entered into the Electronic Workspace;
(b) any documents requiring a Digital Signature have been Digitally Signed; and
(c) all ...
Electronic Workspace workspace within the ELNO System nominated by the Seller that allows the Buyer and Seller to effect Electronic Lodgement and Financial Settlement;