Undertaking as to Partial Release definition

Undertaking as to Partial Release means the undertaking to be given by the Mortgagee to unconditionally execute a partial release as may be necessary to discharge, reassign and release from the security of the Building Mortgage, any share or interest in the land together with the right to the exclusive use, occupation and enjoyment of any unit in the Development, in respect of which the total purchase price under an ASP is fully paid into the stakeholder account opened and maintained with the Mortgagee;
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Undertaking as to Partial Release means the undertaking to be given by the Mortgagee to unconditionally execute a partial release as may be necessary to discharge, reassign and release from the security of the Building Mortgage, any share or interest in the land together with the right to the exclusive use, occupation and enjoyment of any unit in the Development, in respect of which the total purchase price under an ASP is fully paid into the stakeholder account opened and maintained with the Mortgagee; 1.39 “unit” means a residential unit or a parking space in the Development; and “units” shall be construed accordingly; 1.40 “Vendor” means the registered owner of the land; and 1.41 “Vendor’s Solicitors” means the solicitors’ firm(s) acting for the Vendor in the sale of units in the Development. 2. For the purposes of Section I, Section II and Section III of this Annex –
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Examples of Undertaking as to Partial Release in a sentence

  • The Undertaking as to Partial Release or the Deed of Variation (as the case may be) in the approved form must be executed and registered in the Land Registry before the first PASP is signed.

  • Assignment for Execution of working activities is issued on job positions of selected employees with valid Certificate on Professional Capability on the given type of nuclear facility and on job positions of selected employees with valid Testification on Professional Capability on the given type of nuclear facility.

  • The Vendor’s Solicitors or where the Vendor’s Solicitors comprise more than one solicitors’ firm, the solicitors’ firm which made the application for the Consent must forward to LACO a confirmation in writing before the first PASP is signed that the Undertaking as to Partial Release or the Deed of Variation (as the case may be) in the approved form has been registered.

Related to Undertaking as to Partial Release

  • Conditional release means a revocable modification of a

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Continuing Disclosure Undertaking means the Continuing Disclosure Undertaking of the Issuer, in substantially the form attached hereto as Exhibit 1, dated the Closing Date, for the purpose of providing continuing disclosure information under Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as may be amended from time to time.

  • Appendix to Tender means the appendix comprised in the form of Tender annexed to these Conditions.

  • Verification on oath or affirmation means a declaration, made by an individual on oath or affirmation before a notarial officer, that a statement in a record is true.

  • Form of Assignment and Transfer means the “Form of Assignment and Transfer” attached as Attachment 3 to the Form of Note attached hereto as Exhibit A.