Trust Completion Date definition
Examples of Trust Completion Date in a sentence
LFSL agrees to act as a trustee for each Scheme Creditor in relation to the Trust Assets only in accordance with the terms of this Scheme and acknowledges that with effect from the Effective Time, it shall at all times hold the Trust Assets on trust for the Scheme Creditors for distribution in accordance with the terms of this Scheme until the Trust Completion Date.
If the Residential Home is not ready to be occupied on the Trust Completion Date so established, the Seller may extend the Trust Completion Date once, by providing a minimum of seven (7) days' written notice to the Buyer prior to the Trust Completion Date provided for in the Trust Completion Date Notice.
The Seller will make reasonable efforts to obtain, at the Seller's cost, from a title insurance provider a home ownership protection policy and, if applicable, a lender policy (collectively, "Title Insurance") for the assignment of the Sublease in favour of the Buyer and the Buyer's lender, if applicable, and provide evidence of such Title Insurance to the Buyer on the Trust Completion Date.
Immediately following the Trust Completion Date, the Buyer will, at the Buyer’s cost and expense, use diligent and commercially reasonable efforts to ensure that the Assignment and any new mortgage required by the Buyer to finance the Final Total Purchase Price will be promptly registered in the Indian Lands Registry.
The Lot and the Residential Home are to be at the risk of the Seller to and including the Trust Completion Date, and at the risk of the Buyer from and after the Possession Date.
The Seller estimates that the Trust Completion Date will occur on or about .
The Trust Completion Date, as provided for in the Trust Completion Date Notice, may be based on the Seller’s estimate as to when the Residential Home will be ready to be occupied.
The Buyer or his representative and a representative of the Seller will inspect the Residential Home at a reasonable time designated by the Seller by written notice or by telephone prior to the Trust Completion Date.
The Buyer acknowledges that this date has been provided by the Seller as a matter of convenience only, is not meant to be legally binding upon the Seller and that the actual Trust Completion Date will be established in the manner set out above.
The Buyer will assume and pay all taxes, rates, local improvements assessments, fuel, utilities, Homeowners’ Association (as defined in section 22) levies and other charges from, and including, the day following the Trust Completion Date (the “Adjustment Date”), and all adjustments both incoming and outgoing of whatsoever nature will be made as of the Adjustment Date.