Examples of Outside Occupancy Date in a sentence
The Final Tentative Occupancy Date or Firm Occupancy Date, as the case may be, can be any Business Day on or before the Outside Occupancy Date.
A subsequent Tentative Occupancy Date can be any Business Day on or before the Outside Occupancy Date.
The Firm Occupancy Date can be any Business Day on or before the Outside Occupancy Date.
The Outside Occupancy Date should be set further out than might otherwise be the case, as the purchaser will have a 30-day period in which they can terminate the purchase agreement.
Vendors thereafter will be entitled to set subsequent Tentative Occupancy dates with no restriction other than the Outside Occupancy Date and the Roof Assembly Date (after which a Final Tentative Occupancy Date or Firm Occupancy Date is to be provided).
Eligibility for Delayed Occupancy Compensation Delayed Occupancy compensation is payable if: • The Firm Occupancy Date is not met.• Occupancy is delayed beyond the Outside Occupancy Date and you exercised your rightto terminate the purchase agreement during the Purchaser’s Termination Period described in your Addendum.
If the Purchaser does not provide written notice of termination within such 30-day period, then the Purchase Agreement shall continue to be binding on both parties and the Delayed Occupancy Date shall be the date set under paragraph 3(c), regardless of whether such date is beyond the Outside Occupancy Date.
The Vendor, without the Purchaser’s consent, may delay Occupancy one or more times in accordance with section 1 of the Addendum and no later than the Outside Occupancy Date.
If the project has not started construction, then vendors should consider setting the First Tentative Occupancy Date and the Outside Occupancy Date later than might otherwise be the case, to take into account delays that may occur as a result of both direct and indirect impacts, of the pandemic assuming the worst case scenario.
If the home is not complete by the Outside Occupancy Date, then the Purchaser can terminate the transaction during a period of 30 days thereafter (the “Purchaser’s Termination Period”), which period, unless extended by mutual agreement, will end on: If the Purchaser terminates the transaction during the Purchaser’s Termination Period, then the Purchaser is entitled to delayed occupancy compensation and to a full refund of all monies paid plus interest (see sections 7, 11 and 12 of the Addendum).