Common use of Title Transfer and Purchaser Acting through Agent or Multiple Purchasers Clause in Contracts

Title Transfer and Purchaser Acting through Agent or Multiple Purchasers. At its sole option, the Vendor may direct the developer (subdivider) to transfer title on the Closing Date directly to the Purchaser in which case the Purchaser agrees to accept such direct transfer and further agrees to provide to the Vendor on the Closing Date a form or acknowledgment acknowledging and confirming that the dwelling purchased has not been constructed by the developer (subdivider) and that the developer (subdivider) is in no way responsible for the construction of the dwelling, grading of the Property or any matter related hereto and has no liability to the Purchaser with respect to the same. For greater certainty for the purposes of the foregoing the developer and/or subdivider is the registered owner of the Property, if the Vendor is not the registered owner, and/or the party who entered into obligations with the municipality for subdivision or servicing of the Property. The Purchaser agrees that any person who takes title to the Property as a beneficiary and/or pursuant to a Direction or Authorization signed by the Purchaser shall be deemed for all purposes to have signed this Agreement through the agency of the Purchaser, or to be the partner of the Purchaser, and to be jointly and severally bound by this Agreement. In doing so, the Purchaser acknowledges that this may result in the ineligibility for the Rebates (as defined and further described in Section2.7 of this Schedule “A” to this Agreement). Notwithstanding any other term in this Agreement, the Vendor may demand as a condition precedent to the Vendor's obligation to close, that any person referred to as a beneficiary and/or in a Direction or Authorization as a person to be named as a Transferee shall sign an Acknowledgement on the Vendor's form agreeing to be bound by this Agreement.

Title Transfer and Purchaser Acting through Agent or Multiple Purchasers. At its sole option, the Vendor may direct the developer (subdivider) to transfer title on the Closing Date directly to the Purchaser in which case the Purchaser agrees to accept such direct transfer and further agrees to provide to the Vendor on the Closing Date a form or acknowledgment acknowledging and confirming that the dwelling purchased has not been constructed by the developer (subdivider) and that the developer (subdivider) is in no way responsible for the construction of the dwelling, grading of the Property or any matter related hereto and has no liability to the Purchaser with respect to the same. For greater certainty for the purposes of the foregoing the developer and/or subdivider is the registered owner of the Property, if the Vendor is not the registered owner, and/or the party who entered into obligations with the municipality for subdivision or servicing of the Property. The Purchaser agrees that any person who takes title to the Property as a beneficiary and/or pursuant to a Direction or Authorization signed by the Purchaser shall be deemed for all purposes to have signed this Agreement through the agency of the Purchaser, or to be the partner of the Purchaser, and to be jointly and severally bound by this Agreement. In doing so, the Purchaser acknowledges that this may result in the ineligibility for the Rebates (as defined and further described in Section2.7 Section 2.7 of this Schedule “A” to this Agreement). Notwithstanding any other term in this Agreement, the Vendor may demand as a condition precedent to the Vendor's obligation to close, that any person referred to as a beneficiary and/or in a Direction or Authorization as a person to be named as a Transferee shall sign an Acknowledgement on the Vendor's form agreeing to be bound by this Agreement.

Title Transfer and Purchaser Acting through Agent or Multiple Purchasers. At its sole option, the Vendor may direct the developer (subdivider) to transfer title on the Closing Date directly to the Purchaser in which case the Purchaser agrees to accept such direct transfer and further agrees to provide to the Vendor on the Closing Date a form or acknowledgment acknowledging and confirming that the dwelling purchased has not been constructed by the developer (subdivider) and that the developer (subdivider) is in no way responsible for the construction of the dwelling, grading of the Property property or any matter related hereto and has no liability to the Purchaser with respect to the same. For greater certainty for the purposes of the foregoing the developer and/or or subdivider is the registered owner of the Propertyproperty, if the Vendor is not the registered owner, and/or the party who entered into obligations with the municipality for subdivision or servicing of the Propertyproperty. The Purchaser agrees that any person who takes title to the Property as a beneficiary and/or pursuant to a Direction or Authorization signed by the Purchaser shall be deemed for all purposes to have signed this Agreement through the agency of the Purchaser, or to be the partner of the Purchaser, and to be jointly and severally bound by this Agreement. In doing so, the Purchaser acknowledges that this may result in the ineligibility eligibility for the Rebates (as defined and further described in Section2.7 of this Schedule “A” to this Agreement). Notwithstanding any other term in this Agreement, the Vendor may demand as a condition precedent to the Vendor's obligation to close, that any person referred to as a beneficiary and/or in a Direction or Authorization as a person to be named as a Transferee shall sign an Acknowledgement on the Vendor's form agreeing to be bound by this Agreement.