o_1937gqa641qgut5018ek1c7n11ija.pdf

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Agreement in accordance with:
(a)
the Project
(b)
(c)
(d)
the planni ng and Development
established, modern, specific and good management methods
practices, with due skill, expertise and diligence using good
sufficient materials and services;
all applicable laws, regulations, orders and
5.3 The L o t Holder shall have no further liability to pay money under this Agreement,
othe r than the payment of the Reservation Fee, except to complete the
Contract, if the Option is exercised.
6. AMENDMENT TO PLAN
6.1 The Lot Holder acknowledges that the Developer may amend the Concept
Plan from time to time in the Developer’s absolute discretion in furtherance
of the Project and that the Plan of Subdivision may not accord with the
Concept Plan.
6.2 In the event that an amendment to the Concept Plan or Plan of Subdivision
materially affects the Property, the parties hereto agree to an adjustment of
the Price in accordance with this clause, whereby:
(a)
(b)
if the amendment results in an increase in the overall area of the
Property of 5% or more, then the Price shall be increased
proportionately.
if the amendment results in a reduction in the overall area of the
Property of 5% or more, then the Price shall be reduced
proportionately.
6.3 The parties agree that any adjustment of the Price in accordance with this
clause will not affect the Reservation Fee paid or payable under this
Agreement.
6.4 The Lot Holder shall not be entitled to make any objection or requisition or
claim any compensation or to rescind or determine this Agreement by virtue
of any amendment to the Concept Plan or Plan of Subdivision or on the
grounds that the Plan of Subdivision does not accord with the Concept Plan
provided that the overall area of the Property does not vary by more than 20%
without the Lot Holder’s consent..
7. ENCUMBRANCES
Except as provided for in this Agreement, the Lot Holder shall not Encumber the
whole or any part of the Property at any time during the operation of this
Agreement.