First Grant Contract definition

First Grant Contract means the First Grant Contract – Land Ready and Dwelling Construction between the Seller and the Buyer dated xxxx under which the Seller has agreed to sell, and the Buyer has agreed to buy the Property.
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First Grant Contract means the legally binding contract in the form of the Specimen First Grant Contract, required to be executed by you and the LDA;
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Examples of First Grant Contract in a sentence

  • Refer to the terms of the First Grant Contract for the consequences of being found ineligible.

  • If you exchange the First Grant Contract but do not complete the purchase of the Block, the Security Payment may be applied against the damages suffered by the LDA.

  • To self-assess your eligibility refer to the ACT Revenue Office website at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇.▇▇▇.▇▇ Eligibility at the date of signing this Application does not guarantee eligibility at the Date for Completion of a First Grant Contract.

  • If you do not comply with the above special conditions in the First Grant Contract, the LDA, will not enter into a First Grant Contract with you.

  • A full compliance check of your details provided in this Application and any other information requested and provided by you will be undertaken by the ACT Revenue Office of the Commerce and Works Directorate, prior to settlement of the First Grant Contract.

  • All persons who wish to enter into a First Grant Contract for a Land Rent Lease must complete this part of this Application.

  • Eligibility at the date of signing this Application does not guarantee eligibility at the Date for Completion of a First Grant Contract.

  • Under the First Grant Contract you authorise the LDA to provide the Security Payment to the Commissioner for Revenue as soon as possible following completion of the purchase, to be credited against future Land Rent payable on the Block.

  • A Security Payment of $2,000 is required on execution of a First Grant Contract for a Land Rent Lease.

  • If a Land Rent Lease for a block is not granted to you, other than as a result of a breach by you of the First Grant Contract, you will be entitled to a refund of the Security Payment.

Related to First Grant Contract

  • Grant Agreement/Grant Number means Grant Number [Grant Agreement Number] awarded to Grantee.

  • Sub-grant Agreement means an agreement entered into, or proposed to be entered into, between the Bank and a Sub-grant Recipient;

  • Stock Grant Agreement means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares.

  • relevant contract means the contract relied on by an applicant under this section to satisfy the requirements of subsection (1)(a)(ii);

  • Option Grant Date means, as to any Stock Option, the latest of: