Sale and purchase agreement - Canterbury Earthquake Recovery ...

3(aa)(bb)(cc)entered into a binding agreement whereby they have agreedto release the same on or before settlement.duly executed and delivered to the Vendor's solicitor alldocumentation and authorities required in order that theVendor's solicitor may release the same on their behalf on orbefore settlement; orthrough their solicitor provided an solicitor's undertaking tothe Vendor's solicitor that their solicitor will release the sameon or before settlement.20. VENDOR OBLIGATIONS AND CONSENT20.1 No claims for any Event: Clauses 20.6, 21.1, 22.2, 24 and 25 shall not apply if thereare no Claims in relation to the Land (whether because no Claims have been made orno building on the Property is a "residential building" as defined in the EQC Act).20.2 Purchaser rights to cancel or delay settlement: The Purchaser may, at its election,by notice in writing to the Vendor at any time prior to settlement, cancel this Agreementor delay the Settlement date if:(a)as at the Settlement date there is any unremedied breach by the Vendor of:(i)(ii)(iii)clause 21.2 (provision of information and access to Property); orclause 22.3 (Vendor assistance); orclause 22.4 (warranties as to validity of information).(b)(c)(d)(e)there is any failure by the Vendor's solicitor to provide such information andcertification as the Purchaser's solicitor may reasonably require to allowsettlement of this Agreement;the Purchaser considers that this Agreement confers benefits on the Vendor orcosts on the Purchaser which were unintended by the policy for the project ofwhich this Agreement is a part (as referred to in clause 27.1);the Government has directed in writing that circumstances have changedmaterially since 13 September 2012; orthe Purchaser has not received the certificate contemplated by clause 19.2(b).20.3 No prejudice to other rights: Expiry, termination, or cancellation of this Agreement(including by the Purchaser in accordance with clause 20.2):(a)(b)is without prejudice to any other right, power or remedy under this Agreement,at law, or otherwise, that the Purchaser has in respect of a default by theVendor; andshall not terminate clause 20.4, which shall remain in force notwithstandingsuch expiry, termination, or cancellation.20.4 Indemnity: The Vendor shall indemnify and keep indemnified the Purchaser from andagainst any loss, damage, or cost whatsoever arising directly or indirectly from anybreach of:2467861 v2