Proposed Land Transfer NS Power has negotiated an Agreement of Purchase and Sale (the "Agreement")2, with whereby NS Power would transfer certain of its lands at 19 Nivens Avenue, Dartmouth, Nova Scotia - PID #00097188 and #40175895 (the "...
AI summary NS Power has negotiated a land transfer agreement to sell specific properties in Dartmouth, Nova Scotia, contingent on obtaining Board approval within 60 days of acceptance. The closing date depends on completing due diligence, and NS Power requests a decision by July 25, 2025, to meet the deadline.
2. REPRESENTATIONS AND WARRANTIES - 2.1 Representations of the Vendor . By acceptance of this Offer, the Vendor (jointly and severally if comprised of more than one person or entity) represents and warrants to the Purchaser as follows and...
AI summary The section outlines the representations and warranties made by the Vendor in the transaction, including authorization, no violations, and exclusivity of the agreement with the Purchaser. It emphasizes legal enforceability and compliance with existing contracts and laws.
isrepresentation or breach of covenant. Any condition may be waived in whole or in part by the Purchaser without prejudice to any claims it may have for breach of covenant, representation or warranty. 4.2 Vendor to Cease Marketing. Notwith...
AI summary The document outlines conditions for the sale of property, including the Vendor's obligation to cease marketing upon obtaining regulatory approvals and the requirement for the Vendor's board of directors to approve the transaction. The sale is subject to obtaining necessary regulatory approvals within 60 days of accepting the offer.
SCHEDULE "A" (sketch of Property – shown approximately in red)
AI summary This document contains a sketch of a property, shown in red, as part of Schedule 'A'. The sketch is included in a regulatory proceeding related to Nova Scotia utility matters.