Within twenty-one (21) working days after receipt by the Purchaser of the Vendor’s written notice of the completion of :
(a)
the foundation of the said Building
10
(b)
the structural framework of the said Building
15
(c)
the walls of the said Building with door and window frames placed in position
10
(d)
the roofing, electrical wiring, plumbing (without fittings), gas piping (if any) and internal telephone trunking and cabling to the said Building
10
(e)
the internal and external finishes of the said Building including the wall finishes
10
(f)
the sewerage works serving the said Building
5
(g)
the drains serving the said Building
5
(h)
the roads serving the said Building
5
3.
On the date the Purchaser takes vacant possession of the said Building, with water and electricity supply ready for connection
12.5
4.
On the date the Purchaser takes vacant possession of the said Building as in item 3 as follows:
2.5
(a)
Where separate document of title to the said Lot has been issued and the *Proprietor/Vendor has executed and delivered to the Purchaser or the Purchaser’s solicitors a valid and registrable Memorandum of Transfer of the said Property in favour of the Purchaser together with the original issue document of title to the said Lot, to be paid direct to the Vendor; or
(b)
Where separate document of title to the said Lot has not yet been issued, to be held by the Vendor’s solicitors as stakeholder for payment to the Vendor within twenty-one (21) working days after receipt by the Purchaser or the Purchaser’s solicitors of the original issue document of title to the said Lot together with a valid and registrable Memorandum of Transfer of the said Property in favour of the Purchaser executed by the *Proprietor/Vendor
5.
On the date the Purchaser takes vacant possession of the said Building as in item 3 and to be held by the Vendor’s solicitor as stakeholder for payment to the Vendor as follows:-
5
(a)
two point five per centum (2.5%) at the expiry of eight (8) months after the date the Purchaser takes vacant possession of the said Building; and
(b)
two point five per centum (2.5%) at the expiry of twenty-four (24) months after the date the Purchaser takes vacant possession of the said Building.
TOTAL
100
SCHEDULE H (Building or land intended for subdivision into parcels)
THIRD SCHEDULE
(Clause 4)
SCHEDULE OF PAYMENT OF PURCHASE PRICE
Installments Payable
1.
Immediately upon the signing of this Agreement
10
2.
Within twenty-one (21) working days after receipt by the Purchaser of the Vendor's written notice of the completion of-
(a)
the work below ground level of the said Building comprising the said Parcel including foundation of the said Building
10
(b)
the structural framework of the said Building
15
(c)
the walls of the said Parcel with door and window frames placed in position
10
(d)
the roofing, electrical wiring, plumbing (without fittings), gas piping (if any) and internal telephone trunking and cabling to the said Parcel
10
(e)
the internal and external finishes of the said Parcel including the wall finishes
10
(f)
the sewerage works serving the said Building
5
(g)
the drains serving the said Building
5
(h)
the roads serving the said Building
5
3.
On the date the Purchaser takes vacant possession of the said Parcel with water and electricity supply ready for connection
12.5
4.
On the date the Purchaser takes vacant possession of the said Building as in item 3 and to be held by the Vendor’s solicitors as stakeholder for payment to the Vendor within twenty-one (21) working days after the receipt by the Purchaser of the written confirmation of the *Proprietor/Vendor’s submission to and acceptance by the Appropriate Authority of the application for subdivision of the said Building or Land, as the case may be
2.5
5.
On the date the Purchaser takes vacant possession of the said Parcel as in item 3 and to be held by the Vendor's solicitor as stakeholder for payment to the Vendor as follows-
5
(a)
two point five per centum (2.5%) at the expiry of eight (8) months after the date the Purchaser takes vacant possession of the said Parcel; and
(b)
two point five per centum (2.5%) at the expiry of twenty-four (24) months after the date the Purchaser takes vacant possession of the said Parcel.
