Common use of VACANT POSSESSION Clause in Contracts

VACANT POSSESSION. The Purchaser after the payment of the TPP shall at his own costs and expenses take possession of the Property without any obligation on the part the Assignee/Bank to give vacant possession. In the event of circumstances existing, which prevent entry or occupation by the Purchaser, such circumstances shall not annul the sale or entitle the Purchaser to rescind the contract or claim reduction in the price or for damages.

VACANT POSSESSION. The Purchaser after the payment of the TPP shall at his own costs and expenses take possession of the Property without any obligation on the part of the Assignee/Bank to give vacant possession. In the event of circumstances existing, which prevent entry or occupation by the Purchaser, such circumstances shall not annul the sale or entitle possession and the Purchaser is PROHIBITED from entering upon the Property or take possession of the Property prior to rescind the contract or claim reduction in settlement of the balance purchase price or for damagesand/or late payment interest (if any).

VACANT POSSESSION. The Purchaser after the payment of the TPP shall at his own costs and expenses take possession of the Property without any obligation on the part of the Assignee/Bank to give vacant possession. In the event of circumstances existing, which prevent entry or occupation by the Purchaser, such circumstances shall not annul the sale or entitle possession and the Purchaser is PROHIBITED from entering upon the Property or take possession of the Property prior to rescind the contract or claim reduction in settlement of the balance purchase price or for damagesand/or late payment charge/compensation charges (if any).

VACANT POSSESSION. The Purchaser after the payment of the TPP shall at his own costs and expenses take possession of the Property without any obligation on the part of the Assignee/Bank to give vacant possession. In the event of circumstances existing, which prevent entry or occupation by the Purchaser, such circumstances shall not annul the sale or entitle possession and the Purchaser is PROHIBITED from entering upon the Property or take possession of the Property prior to rescind the contract or claim reduction in settlement of the balance purchase price or for damagesand/or LPC (if any).

VACANT POSSESSION. The Purchaser after the payment of the TPP shall at his own costs and expenses take possession of the Property without any obligation on the part the Assignee/Bank Financier to give vacant possession. In the event of circumstances existing, which prevent entry or occupation by the Purchaser, such circumstances shall not annul the sale or entitle the Purchaser to rescind the contract or claim reduction in the price or for damages.