Tarion Addendum definition

Tarion Addendum means the mandatory Addendum issued by the Warranty Program which Addendum comprises the Warranty Program's Condominium Tentative Occupancy Date Form and includes a Statement of Critical Dates applicable to this transaction;

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Tarion Addendum has the meaning ascribed thereto on page 1 of this Agreement.

Tarion Addendum has the meaning given to it in the list of Schedules on page 3 of this Agreement;

Examples of Tarion Addendum in a sentence

• The Dwelling shall be deemed to be completed when all interior work has been substantially completed as determined by the Vendor and provided that the provisions of paragraph 9 of the Tarion Addendum and Statement of Critical Dates attached hereto have been complied with.

• Furthermore, if by reason of "Unavoidable Delay" as defined in or as otherwise permitted by the Tarion Addendum and Statement of Critical Dates the Vendor is required to extend the Closing, the Vendor shall be entitled to extend the Closing provided the Vendor complies with the provisions of the Tarion Addendum and Statement of Critical Dates in respect of such extensions.

• If by reason of "Unavoidable Delay" as defined in or as otherwise permitted by the Tarion Addendum and Statement of Critical Dates the Vendor is required to extend the Closing, the Vendor shall be entitled to extend the Closing provided the Vendor complies with the provisions of the Tarion Addendum and Statement of Critical Dates in respect of such extensions.

• The Vendor shall provide evidence that occupancy is permitted in accordance with and only to the extent required by the Tarion Addendum.

• The Vendor shall provide written notice of the satisfaction or non-satisfaction of the Early Termination Conditions in accordance with the requirements of Section 6 of the Tarion Addendum.

• In the event the Vendor shall not be able to complete construction of the Dwelling prior to the Closing Date, the Vendor shall have the right to extend the Closing Date in accordance with Sections 3, 4 or 5 of the Tarion Addendum, whichever may be applicable.

• Any tender of documents or money or giving of notice herein may be made or given either upon or to the party hereto or his solicitor, in accordance with the provisions of the Tarion Addendum, and money may be tendered by negotiable cheque certified by a Canadian Chartered Bank.

• The parties acknowledge and confirm that the required Tarion Addendum to Agreement of Purchase and Sale (Freehold Form – Firm Closing Date) (the “Tarion Addendum”) and the required Statement of Critical Dates (Freehold Form – Firm Closing Date) form an integral part of this Agreement.

• Any notice required to be delivered under the provisions of the Tarion Addendum shall be delivered in the manner required therein.

• In the event of damage to the Dwelling, the Vendor may either in its sole discretion (a) repair the damage, finish the Dwelling and complete the sale and, if necessary, delay the Closing Date in the manner permitted in paragraph 7 of the Tarion Addendum; or (b) terminate this Agreement and return to the Purchaser all deposit monies paid by the Purchaser to the Vendor payable under law if the damage to the Dwelling has frustrated this Agreement at law.

More Definitions of Tarion Addendum

Tarion Addendum means the addendum to the Standard Form Sale Agreement from Tarion Warranty Corporation;

Tarion Addendum means the addendum to the Standard Form Sale Agreement and New APS from Tarion Warranty Corporation;