Common use of Registration Priority Clause in Contracts

Registration Priority. The Owner will cause this Agreement to be registered as a covenant under section 219 of the Land Title Act against title to the Lands in priority to all charges and encumbrances registered or pending registration against title to the Lands save and except those in favour of the City or specifically approved in advance in writing by the City, and will cause a notice of this Agreement under section 483(5) of the Local Government Act to be filed in the Land Title Office and shown as a legal notation on title to the Lands.