Common use of THIRD PARTY INTERESTS TO BE REMOVED AT THE TIME OF PURCHASE Clause in Contracts

THIRD PARTY INTERESTS TO BE REMOVED AT THE TIME OF PURCHASE. Prior to the Shortfall Acres Acquisition Date, the Band agrees that appropriate legal arrangements for discharge of the following Third Party Interests must be made at the time of completion of the Purchase of Entitlement Land: (a) registered mortgages, debentures and other similar charges; (b) registered caveats evidencing:

THIRD PARTY INTERESTS TO BE REMOVED AT THE TIME OF PURCHASE. Prior to the Shortfall Acres Acquisition Date, the Band agrees that appropriate legal arrangements for discharge of the following Third Party Interests must be made at the time of completion of the Purchase of Entitlement Land: (a) registered mortgages, debentures and other similar charges; (b) registered caveats evidencing: (i) mortgage renewals; (ii) mortgage amendments; (iii) mortgage extensions; (iv) equitable mortgages; or (v) any other pledge or charge of any interest in or affecting such Entitlement Land;