Requirements on sale Sample Clauses

Requirements on sale. (a) In order to facilitate the Lessor’s adjustments on completion of sale, immediately after the Contract of Sale has been signed, the Lessor must provide DHA with written notice advising: (i) the date that the Contract of Sale was signed; (ii) the expected date of settlement; and (iii) full details of the Lessor's solicitor in respect of the sale. (b) The Lessor must, on or before settlement, reimburse DHA for all amounts it owes to DHA, including outgoings and amounts paid on the Lessor’s behalf. (c) Following the sale of the Property, DHA reserves the right to use all available avenues to recover from the Lessor: (i) any money still owing from the Lessor to DHA; and (ii) any misapplied rent properly payable to the new owner.
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Related to Requirements on sale

  • Compliance with Requirements of Law The Servicer shall duly satisfy all obligations on its part to be fulfilled under or in connection with each Receivable (and the underlying receivable) and the related Account, if any, will maintain in effect all qualifications required under Requirements of Law in order to service properly each Receivable and the related Account, if any, and will comply in all material respects with all other Requirements of Law in connection with servicing each Receivable and the related Account the failure to comply with which would have an Adverse Effect.

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