3.1 Payment of Purchase Price The Purchaser agrees to pay and the Vendor agrees to accept for the Lands, subject to Adjustments, the sum of "Purchase Price"), plus Harmonized Sales Tax, if applicable. The Purchase Price shall be paid by th...
AI summary The agreement outlines the payment terms for the Purchase Price, including the deposit and final payment. The deposit is to be paid within 5 business days after the agreement is executed and held in trust until closing. The remaining balance is to be paid by the Purchaser to the Vendor's solicitors on closing, subject to adjustments.
4.1 Harmonized Sales Tax With respect to the harmonized sales tax ("HST") payable pursuant to the Excise Tax Act Canada (the "Act"), the parties covenant and agree as follows: - (a) subject to clause (b) below, the Purchaser shall pay to t...
AI summary The document outlines the terms related to the harmonized sales tax (HST) in a land sale transaction, specifying the responsibilities of the Purchaser and Vendor regarding HST payment, registration, and indemnification under the Excise Tax Act Canada.
6.2 Purchaser's Closing Documents On or before the Closing Date, subject to the terms and conditions of this Agreement, the Purchaser shall execute or cause to be executed and shall deliver or cause to be delivered to the Vendor's Solicito...
AI summary This section outlines the Purchaser's obligations to deliver specific closing documents to the Vendor's Solicitors, including the balance of the Purchase Price, HST declaration and indemnity, and an undertaking to readjust, all in a form acceptable to both parties.