Sale And Purchase Agreement Page 7
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24THE SCHEDULE – continued
FORM E
completed and that
water and electricity
supplies,
and
gas
supplies (if any) have
been connected
to
the Unit.
4.
On Completion Date
15% of the Purchase Price
payable as follows:-
(a)
2% of the Purchase Price
to the Vendor; and
(b)
13% of the Purchase
Price to the Singapore
Academy
of
Law
as
stakeholder.
5.2
The Purchaser shall, within 4 working days after receiving from the
Vendor a Certificate of Statutory Completion relating to the Unit (or a
certified copy thereof), serve -
(a)
on the stakeholder that Certificate (or copy thereof) and a notice of
deductions from the Purchase Price which he desires to make
under clause 17.3; and
(b)
on the Vendor at the same time, the same notice of deductions
from the Purchase Price.
The stakeholder must pay to the Vendor the sum referred to in item 4(b)
5.3
of the Payment Schedule as follows:-
(a) within 7 working days after
8% of the Purchase Price less
the stakeholder receives
all authorised deductions which
from the Purchaser the
the Purchaser is entitled to
Certificate
of
Statutory
make under clause 17.3
Completion relating to the
Unit (or a certified copy
thereof)
served
in
accordance with clause 5.2
(b) on the Final Payment Date
5% of the Purchase Price less
all authorised deductions.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business