Common use of Registration on Title Clause in Contracts

Registration on Title. The City is entitled to register a caveat under the Land Titles Act, RSA 2000, Chapter L-4, as amended, in respect of this Agreement against the Certificates of Title for the Development Lands. The caveat may be registered for purposes of providing notice of the responsibilities of the Parties under this Agreement. If requested by the Owners in writing, the City agrees to postpone this caveat in favour of financing related to the Development Lands. Upon compliance by the Owners with all terms of this Agreement, and upon receipt by the City of a written request, the City shall prepare the discharge of the caveat.

Appears in 4 contracts

Samples: Servicing Agreement, Showhome Agreement, Servicing Agreement

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