Common use of Purchase Guarantee Clause in Contracts

Purchase Guarantee. 51.2.1 Inergi will provide a purchase guarantee based on an appraisal of the property’s current worth by a group of up to three appraisers, to be selected by the Real Estate Service in conjunction with the employee. 51.2.2 Inergi will not request appraisals until the employee is ready to list his or her house in the marketplace providing this is within one year of the employee’s transfer to the new work location and the employee is prepared to abide by Subsection 51.2.4 and Subsection 51.3.1. 51.2.3 The employee must acknowledge acceptance or rejection of Inergi’s Purchase Guarantee within five days of its receipt. If the employee rejects the Purchase Guarantee, Inergi has no further responsibility with regard to Housing Assistance or the Purchase Guarantee. 51.2.4 If the employee wishes to participate in the Housing Assistance Plan, the employee must not list the property for sale until the Purchase Guarantee has been accepted. 51.2.5 Home Appraisal Documentation Inergi will provide the Society with an initial six month report of home appraisal documentation prior to January 1, 1995. Representatives from Inergi and the Society will meet to discuss the particular form and content of subsequent reports. Upon agreement on the form and content a letter of understanding will be developed which will require the report to be given to the Society on a semi-annual basis for the term of this collective agreement. Any anomalies in the report may be discussed by the Society and Inergi confidentially with full disclosure of information (including appraisals).

Purchase Guarantee. 51.2.1 Inergi will provide a purchase guarantee based on an appraisal of the property’s 's current worth by a group of up to three appraisers, to be selected by the Real Estate Service in conjunction with the employee. 51.2.2 Inergi will not request appraisals until the employee is ready to list his or her house in the marketplace providing this is within one year of the employee’s 's transfer to the new work location and the employee is prepared to abide by Subsection 51.2.4 and Subsection 51.3.1. 51.2.3 The employee must acknowledge acceptance or rejection of Inergi’s Purchase Guarantee within five days of its receipt. If the employee rejects the Purchase Guarantee, Inergi has no further responsibility with regard to Housing Assistance or the Purchase Guarantee. 51.2.4 If the employee wishes to participate in the Housing Assistance Plan, the employee must not list the property for sale until the Purchase Guarantee has been accepted. 51.2.5 Home Appraisal Documentation Inergi will provide the Society with an initial six month report of home appraisal documentation prior to January 1, 1995. Representatives from Inergi and the Society will meet to discuss the particular form and content of subsequent reports. Upon agreement on the form and content a letter of understanding will be developed which will require the report to be given to the Society on a semi-annual basis for the term of this collective agreement. Any anomalies in the report may be discussed by the Society and Inergi confidentially with full disclosure of information (including appraisals).