Subsequent Building Allotment Encumbrance. The Purchaser (at the Purchaser’s sole cost and expense, but which cost may be passed on to Subsequent Purchasers) must procure each Subsequent Purchaser to grant and execute the Subsequent Building Allotment Encumbrance over the Building Allotment prior to settlement of the sale by the Purchaser of the Building Allotment to the Subsequent Purchaser, in respect of which: the Purchaser must procure the preparation of the Subsequent Building Allotment Encumbrance over the Building Allotment and execution of the Subsequent Building Allotment Encumbrance, by the Subsequent Purchaser in favour of the Vendor, prior to settlement of the disposal of the Building Allotment to the Subsequent Purchaser; and the Purchaser must procure the Subsequent Building Allotment Encumbrance over the Building Allotment to be lodged for registration on the certificate of title for the Building Allotment immediately after registration of the Memorandum of Transfer of the Building Allotment from the Purchaser to the Subsequent Purchaser and in priority to all other instruments.
Subsequent Building Allotment Encumbrance. In order for the Purchaser to discharge its obligations to the Vendor under Special Condition 11.1, the Purchaser (at the Purchaser's sole cost and expense, but which cost may be passed on to Subsequent Purchasers) must procure each Subsequent Purchaser to grant and execute the Subsequent Building Allotment Encumbrance over the Building Allotment prior to settlement of the sale by the Purchaser of the Building Allotment to the Subsequent Purchaser, in respect of which:
