LODGEMENT OF CAVEAT Sample Clauses

LODGEMENT OF CAVEAT. 15.1 At any time after the date hereof, the Purchaser shall be entitled at their own cost and expense to present and register private caveat against the Property for the purpose of protecting the Purchaser’s interest in the Property and prohibiting any dealing by the Vendor in the Property prior to the completion or lawful termination of this Agreement PROVIDED THAT the Purchaser hereby irrevocably and unconditionally agree and covenant with and undertake to the Vendor that the Purchaser shall at their own costs and expense forthwith remove or cause to be removed the aforesaid private caveat or private caveats upon any lawful termination of this Agreement. The Purchaser shall upon execution of the entry of private caveat execute a withdrawal of private caveat and deposit the same together with the required fees for registration with the Purchaser’s Solicitors who are irrevocably authorised by the Purchaser to forthwith remove or cause to be removed the aforesaid private caveat upon lawful termination of this Agreement.

LODGEMENT OF CAVEAT. The Purchaser has been advised of his right to lodge a private caveat over the Property. If the Purchaser lodges a private caveat against the Property, he shall at the same time execute the Withdrawal of Private Caveat in escrow and his solicitors are hereby irrevocably authorised to present the Withdrawal of Caveat for registration in the event of termination of sale and purchase herein at the Purchaser’s cost. If the caveat is to be lodged on the master title, the Purchaser shall at his own cost obtain the relevant party’s consent or caveat the master title at his own risk.

LODGEMENT OF CAVEAT. The Developer acknowledges that the rights under this Agreement give Council a caveatable interest in the Land. Until such time as this Agreement is registered on the relevant folios of the Register held by the Land and Property Information (LPI) pertaining to the Land, the Developer agrees that Council may lodge a caveat on the relevant folios of the Register held by the LPI pertaining to the Land. A caveat lodged by Council in accordance with this clause 28 must not prevent or prohibit the lodgement of any instrument dealing or matter required for the registration of any mortgage, subdivision plan, easement, covenant, right of way, deposited plan or strata plan relating to the Development. The Developer must not lodge a lapsing notice or take any action to obtain or seek a withdrawal or removal of the caveat, unless: 28.2.1 the Developer’s obligations under this Agreement have been satisfied; or 28.2.2 this Agreement has otherwise come to an end. If Council lodges a caveat in accordance with clause 28, Council must: 28.3.1 ensure that the caveat does not prevent or delay the registration of this Agreement; 28.3.2 immediately execute the relevant forms to remove the registration of any caveat lodged by Council in respect of the Land within 5 Business Days of registration of this Agreement on the Land in accordance with this clause 28; 28.3.3 provide any consent or other documentation required to permit the registration of: (a) any easements to burden or benefit the Land; (b) any variations of lease (including by way of exercise of option), or transfers of lease, over any part of the Land; (c) any lease; (d) the subdivision of the Land for the purpose of creating parcels; and (e) the subdivision of the Parking Land.