Common use of Closing Procedures Clause in Contracts

Closing Procedures. On or before the Closing Date the Purchaser shall: (a) pay to its Solicitors, in trust, the Unpaid Balance by negotiable cheque certified by a chartered bank or bank draft; (b) make available to the Vendor, the undertaking of the Purchaser’s Solicitors to pay the Unpaid Balance upon the lodging of the Transfer provided that if the transaction does not complete for any reason or if Purchaser’s Solicitors are unable to comply with their undertakings, then the Purchaser’s Solicitors will either return the Transfer, unused, to the Vendor’s Solicitors upon demand, or alternatively to make application to the Registrar of the Land Title Office to have the Transfer withdrawn and to return the Transfer to the Vendor’s Solicitors upon receipt of same from the Land Title Office.

Closing Procedures. On or before the Closing Date the Purchaser shall: (a) pay to its Solicitors, in trust, the Unpaid Balance by negotiable cheque certified by a chartered bank or bank draft;; and (b) make available to the Vendor, the undertaking of the Purchaser’s Solicitors to pay the Unpaid Balance upon the lodging of the Transfer provided that if the transaction does not complete for any reason or if Purchaser’s Solicitors are unable to comply with their undertakings, then the Purchaser’s Solicitors will either return the Transfer, unused, to the Vendor’s Solicitors upon demand, or alternatively to make application to the Registrar of the Land Title Office to have the Transfer withdrawn and to return the Transfer to the Vendor’s Solicitors upon receipt of same from the Land Title Office.

Closing Procedures. On or before the Closing Date the Purchaser shall: (a) a. pay to its the Purchaser's Solicitors, in trust, the Unpaid Balance Balance, after making the adjustments contemplated in Article 6, by negotiable cheque certified by a chartered bank or bank draft;delivery of the cash set out in Section 2.3(b); and (b) b. make available to the Vendor, the undertaking of the Purchaser’s 's Solicitors to pay the Unpaid Balance upon the lodging of the Transfer Transfer, provided that if the transaction does not complete for any reason or if Purchaser’s 's Solicitors are unable to comply with their undertakings, then the Purchaser’s 's Solicitors will either return the Transfer, unused, to the Vendor’s 's Solicitors upon demand, or alternatively to make application to the Registrar of the Land Title Office to have the Transfer withdrawn and to return the Transfer to the Vendor’s Vendor 's Solicitors upon receipt of same from the Land Title Office.