Teraview Electronic Registration System definition

Teraview Electronic Registration System or “TERS”) is operative in the applicable Land Titles Office in which the Plan of Subdivision is registered, the following provisions shall prevail, namely:

Teraview Electronic Registration System or “TERS” shall mean the electronic real estate gateway and document production system available to authorized solicitors in the Province of Ontario, used in the creation and delivery of the Transfer/Deed of Land conveying title to the Property;

Teraview Electronic Registration System or “TERS”) is operative in the applicable Land Titles Office in which the Plan of Subdivision is registered, the following provisions shall prevail, namely: i) The Purchaser shall be obliged to retain a lawyer, who is both an authorized TERS user and in good standing with the Law Society of Upper Canada, to represent the Purchaser in connection with the completion of this transaction, and shall authorize such lawyer to enter into an escrow closing agreement with the Vendor’s Solicitor on the latter’s standard form (hereinafter referred to as the “Escrow Document Registration Agreement”), establishing the procedures and timing for completing this transaction, and to be delivered by the Vendor’s Solicitor to the Purchaser’s lawyer no later than ten (10) days before the Closing Date. ii) The delivery and exchange of documents, monies and keys to the Property, and the release thereof to the Vendor and the Purchaser, as the case may be: a) shall not occur contemporaneously with the registration of the transfer/deed (and other registerable documentation); and

Examples of Teraview Electronic Registration System in a sentence

• Purchaser agrees to retain a lawyer to complete the transaction pursuant to the Teraview Electronic Registration System ("TERS") and to enter into Vendor's Solicitor's standard escrow document registration agreement.

• GBHS and the County acknowledge that the Teraview Electronic Registration System (“TERS”) is operative and mandatory in the Land Registry Office for the Land Titles Division of Grey No.16.

• The tender process involving registerable documents in connection with the purchase and sale transaction must reflect the advent of the Teraview Electronic Registration System in Ontario, and the rules adopted by the Law Society of Upper Canada in connection therewith, including the Law Society’s protocol surrounding the document registration agreement exchanged between the solicitors for the respective parties to the agreement of purchase and sale.

More Definitions of Teraview Electronic Registration System

Teraview Electronic Registration System or “TERS”) is operative in the applicable Land Titles Office in which the Real Property is registered, the following provisions shall prevail:

Teraview Electronic Registration System. ("TERS") is operative in the applicable Land Titles Office in which the Property is registered, and agree that the following provisions shall govern closing, namely:

Teraview Electronic Registration System and “TERS” have the respective meanings ascribed thereto in Section 5.5;

Teraview Electronic Registration System or “TERS”), the following provisions shall apply:

Teraview Electronic Registration System or “TERS”) is operative in the applicable Land Titles Office in which the Plan of Subdivision is registered, the following provisions shall prevail, namely: i) The Purchaser shall be obliged to retain a lawyer, who is both an authorized TERS user and in good standing with the Law Society of Upper Canada, to represent the Purchaser in connection with the completion of this transaction, and shall provide the Vendor with such lawyer’s contact information forthwith upon acceptance of this Agreement by the Vendor; and shall authorize such lawyer to enter into an escrow closing agreement with the Vendor’s Solicitor on the latter’s standard form (hereinafter referred to as the “Escrow Document Registration Agreement”), establishing the procedures and timing for completing this transaction, and to be delivered by the Vendor’s Solicitor to the Purchaser’s lawyer no later than ten (10) days before the Closing Date. ii) The delivery and exchange of documents, monies and keys to the Property, and the release thereof to the Vendor and the Purchaser, as the case may be: a) shall not occur contemporaneously with the registration of the transfer/deed (and other registerable documentation); and