Common Contracts
1 similar Auction Sale Agreement contracts
TERMS AND CONDITIONS AGREEMENT ApprovedAuction Sale Agreement • March 8th, 2018
Purchase Price 1. The Purchase Price of $ shall be payable to The City of Edmonton (“City”) in the following manner: (a) 10 percent of Purchase Price payable on the date of the Public Auction by way of a certified cheque as a deposit; the said cheque shall be deposited and such sum credited toward Purchase Price. Balance (b) The balance of the Purchase Price shall be paid to the City on the Closing Date. Overdue Payments (c) All overdue payments shall be charged simple interest at the rate of 12 percent per annum. Forfeiture 2. Should the Buyer fail to complete the sale of the Sale Land as provided for in the Sale Agreement, for any cause, then in such case, the 10 percent deposit shall be irrevocably forfeited to the City. Closing Date and Transfer 3. The Closing Date shall be 30 days after the date of the Public Auction or such earlier or later date, as both parties shall mutually agree in writing. When all terms and conditions of the Sale Agreement have been fulfilled, and upon pa
