Rights of Vendor Sample Clauses

Rights of Vendor. Except as expressly provided, this Purchase Order does not limit Vendor’s rights to enter into contracts or transactions with third parties, provided such contracts or transactions will not require Vendor to act in a manner which is inconsistent with its obligations hereunder or adversely affect the performance of such obligations. Notwithstanding that Vendor may from time-to-time be party to other agreements with Purchaser, nothing in any such other agreement, and no exercise of any right thereunder, restricts or otherwise affects any obligation or liability of Vendor under this Purchase Order and no notice, consent, approval or other communication or decision under or in relation to any such other agreement shall constitute or be relied upon as notice, consent, approval, communication or decision hereunder.

Rights of Vendor. It is understood and agreed that the rights contained in this paragraph 3 on the part of the Vendor are in addition to any other rights (whether of a more onerous nature or not) which the Vendor may have at law, in equity or under any other provisions of this Agreement, and the Vendor expressly has the right to exercise all or any one or more of the rights contained in this Agreement, or at law or in equity, without exercising at such time, the remainder of such right or rights and without prejudice to the subsequent right of the Vendor to exercise any remaining right or rights at law, in equity or in this Agreement. IN THE EVENT THE PURCHASER FAILS TO MAKE PAYMENT AS AND WHEN REQUIRED PURSUANT TO THE TERMS OF THIS AGREEMENT, IN ADDITION TO ANY OTHER RIGHTS OF THE VENDOR, PURSUANT TO THIS AGREEMENT OR AT LAW, THE AMOUNT REQUIRED TO BE PAID SHALL BEAR INTEREST AT AN INTEREST RATE OF FIFTEEN PERCENT (15%) PER ANNUM, COMPOUNDED MONTHLY CALCULATED FROM THE DUE DATE TO THE SAMPLE Where the Vendor incurs any costs or expenses pursuant to this Agreement as a result of a breach or default of the Purchaser pursuant to the terms of this Agreement or as a result of an indemnity given by the Purchaser in favour of the Vendor, the repayment by the Purchaser to the Vendor of such costs and expenses shall be increased by an administrative fee of fifteen percent (15%) of the total of such costs and expenses, all of which are to be paid to the Vendor within five (5) days of written request therefore.

Rights of Vendor. Notwithstanding anything elsewhere to the contrary herein contained or in the Sale Agreement, it is expressly agreed and understood by and between the parties hereto as follows: (a) The Vendor shall have the right to grant to any person the exclusive right to park motor cars and/or other vehicles in or at the parking spaces or otherwise use and enjoy for any other purposes, the side, front and back open spaces surrounding the building at the premises and also the covered spaces in the Building (including car parking spaces but not the one expressly provided for to the Purchaser) in such manner as the Vendor shall in its absolute discretion think fit and proper. (b) The proportionate share of the Purchaser in various matters referred herein shall be such as be determined by the Vendor and the Purchaser shall accept the same notwithstanding there being minor variations therein for the sake of convenience. (c) Save the said Unit the Purchaser shall have no right nor shall claim any right whatsoever or howsoever over and in respect of other units and spaces or constructed areas or car parking spaces at the said premises and the Vendor shall be absolutely entitled to use, enjoy, transfer, sell and/or part with possession of the same and/or to deal with the same in any manner and to any person and on any terms and conditions as the Vendor, in its absolute discretion, shall think fit and proper and the Purchaser hereby consents to the same and agrees not to obstruct or hinder or raise any objection with regard thereto nor to claim any right of whatsoever nature over and in respect of the said areas and spaces belonging to the Vendor exclusively. (d) It is expressly agreed understood and clarified that at any time hereafter, the Vendor shall be absolutely entitled to enter into any agreement or arrangement with the owners and/or co-owners of adjoining properties on such terms as be agreed by and between the Vendor and the owners of such adjoining properties. In such event, such additional land added on to the said Premises which is not a part of the said project/builfing/premises admeasuring to an area of 1496.867 Square Metres (hereinafter for the sake of brevity referred to as the "Enlarged Property Under Development") shall increase the scope and ambit of the development presently envisaged by the Vendor and the proportionate share of the Purchaser in the common areas and installations may stand varied owing to such additional land / development and the Purchas...

Rights of Vendor. It is understood and agreed that the rights contained in this paragraph 3 on the part of the Vendor are in addition to any other rights (whether of a more onerous nature or not) which the Vendor may have at law, in equity or under any other provisions of this Agreement, and the Vendor expressly has the right to exercise all or any one or more of the rights contained in this Agreement, or at law or in equity, without exercising at such time, the remainder of such right or rights and without prejudice to the subsequent right of the Vendor to exercise any remaining right or rights at law, in equity or in this Agreement. In the event the Purchaser fails to make payment as and when required pursuant to the terms of this Agreement, the payment amount shall bear interest at a rate equal to five (5%) percent above the Prime Rate, calculated from the due date to the date of payment. "

Rights of Vendor. If any condition in Section 5.2 shall not have been fulfilled at or before the Closing Time, then the Vendor in its sole discretion may, without limiting any rights or remedies available to the Vendor at law or in equity, either: (a) terminate this Agreement by notice to Purchaser in which event the Vendor shall be released from all obligations under this Agreement, other than any obligations set out in Section 4.2, and unless the Vendor can show that the condition which has not been satisfied and for which the Vendor has terminated this Agreement is reasonably capable of being performed or caused to be performed by the Purchaser or has not been satisfied by reason of a default by the Purchaser hereunder, then the Purchaser shall also be released from all obligations hereunder, other than any obligations set out in Section 4.2; or‌‌‌‌‌ (b) waive compliance with any such condition without prejudice to their right of termination in the event of non-fulfillment of any other condition.

Rights of Vendor. If: (a) any of the conditions for the exclusive benefit of Vendor set forth in Section 10.2 shall not have been fulfilled at or prior to the Time of Closing; or (b) Purchaser has notified Vendor of an amendment to Purchaser's representations and warranties pursuant to Section 5.6 that is reasonably expected to have a Material Adverse Effect, Vendor shall be entitled, by written notice given to Purchaser prior to the Time of Closing to terminate its obligations under this Agreement effective as of the time of such notice, provided such written notice sets forth the grounds of termination. If no such notice is given prior to the completion of Closing, Vendor shall be deemed to have waived fulfillment of such condition and to have elected to proceed with Closing as contemplated by Section 11.

Rights of Vendor. It is understood and agreed that the rights contained in paragraph 25 on the part of the Vendor are in addition to any other rights (whether of a more onerous nature or not) which the Vendor may have at law, in equity or under any other provisions of this Agreement, and the Vendor expressly has the right to exercise all or any one or more of the rights contained in this Agreement, or at law or in equity, without exercising at such time, the remainder of such right or rights and without prejudice to the subsequent right of the Vendor to exercise any remaining right or rights at law, in equity or in this Agreement. In the event the Purchaser fails to make payment as and when required pursuant to the terms of this Agreement, the payment amount shall bear interest at a rate equal to 12%, calculated from the due date to the date of payment. Prime Rate for any day means the prime lending rate of interest expressed as a rate per annum (computed on a year of 365 days) from the Vendor’s principal banker which establishes from time to time as the reference rate of interest in order to determine interest rates it will charge for demand loans made in Canada in Canadian dollars as the same is in effect from time to time.

Rights of Vendor. It is understood and agreed that the rights contained in this paragraph 3 on the part of the Vendor are in addition to any other rights (whether of a more onerous nature or not) which the Vendor may have at law, in equity or under any other provisions of this Agreement, and the Vendor expressly has the right to exercise all or any one or more of the rights contained in this Agreement, or at law or in equity, without exercising at such time, the remainder of such right or rights and without prejudice to the subsequent right of the Vendor to exercise any remaining right or rights at law, in equity or in this Agreement. IN THE EVENT THE PURCHASER FAILS TO MAKE PAYMENT AS AND WHEN REQUIRED PURSUANT TO THE TERMS OF THIS AGREEMENT, IN ADDITION TO ANY OTHER RIGHTS OF THE VENDOR, PURSUANT TO THIS AGREEMENT OR AT LAW, THE AMOUNT REQUIRED TO BE PAID SHALL BEAR INTEREST AT THAT INTEREST RATE WHICH IS EQUAL TO FIVE PERCENT (5%) ABOVE THE PRIME RATE, CALCULATED FROM THE DUE DATE TO THE DATE OF PAYMENT. The

Rights of Vendor. It is understood and agreed that the rights contained in this section 15 on the part of the Vendor are in addition to any other rights (whether of a more onerous nature or not) which the Vendor may have at law, in equity or under any other provisions of this Agreement, and the Vendor expressly has the right to exercise all or any one or more of the rights contained in this Agreement, or at law or in equity, without exercising at such time, the remainder of such right or rights and without prejudice to the subsequent right of the Vendor to exercise any remaining right or rights at law, in equity or in this Agreement. In the event the Purchaser fails to make payment as and when required pursuant to the terms of this Agreement, the payment amount shall bear interest at a rate equal to eighteen per cent (18%) per annum.