3.3
IN STANDARD CONDITIONS 1.3.5 AND 1.3.6 THE
REFERENCES TO 4 PM SHALL BE DEEMED TO BE 5 PM
3.4
IN STANDARD CONDITION 1.3.6 THE FOLLOWING
SHALL BE ADDED:
(a)
"by fax: on the day of transmission if sent
before 5 pm or otherwise on the next working day
(b)
by hand: on delivery"
3.5
STANDARD CONDITIONS 4.3.2, 5.1.2, 5.1.3,
5.1.4, 5.2, 8.3.5, 8.3.6, 8.3.7 AND
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8.3.8 SHALL NOT APPLY
3.6
IN STANDARD CONDITION 3.1.2 THE FOLLOWING
SHALL BE ADDED:
"if the title to the Property is registered overriding interests"
3.7
STANDARD CONDITION 6.3 SHALL NOT APPLY TO
UNIFORM BUSINESS RATE COUNCIL TAX OR WATER RATES
3.8
IN STANDARD CONDITION 7.1.1 THE WORDS "IN THE
NEGOTIATIONS LEADING TO IT" SHALL BE DELETED AND SUBSTITUTED BY THE WORDS "A
WRITTEN REPLY FROM THE SELLERS SOLICITORS TO A WRITTEN ENQUIRY BY THE BUYERS
SOLICITORS"
3.9
IN STANDARD CONDITION 7.1.2 "OR VALUE" SHALL
BE DELETED
3.10
IN STANDARD CONDITION 7.3.2 THE WORDS "AND ANY
VALUE ADDED TAX INCLUDED IN THE PURCHASE PRICE" SHALL BE ADDED AFTER THE WORDS
"LESS ANY DEPOSIT PAID"
3.11
IN STANDARD CONDITION 7.6.2 THE REMEDIES ARE
CONCURRENT AND NOT MUTUALLY EXCLUSIVE
3.12
IF THE SELLER OR THE TENANT DEFAULTS IN PERFORMING
ITS OBLIGATIONS UNDER THIS AGREEMENT AND COMPLETION IS DELAYED AS A RESULT THE
SELLER SHALL PAY COMPENSATION TO THE BUYER CALCULATED AT THE INTEREST RATE ON
THE PROPERTY PRICE (EXCLUDING VAT) AND THE FIXTURES PRICE (EXCLUDING VAT) FOR
THE PERIOD BETWEEN THE COMPLETION DATE AND THE DATE OF ACTUAL COMPLETION
3.13
THE TENANT SHALL FULLY AND EFFECTUALLY INDEMNIFY
THE SELLER AGAINST ANY AMOUNT PROPERLY PAID BY THE SELLER TO THE BUYER UNDER
CLAUSE 3.12 WHERE THE DELAY IN COMPLETING THE SALE OF THE PROPERTY HAS BEEN
CAUSED SOLELY BY THE TENANT'S FAILURE TO COMPLY WITH ITS OBLIGATIONS UNDER THIS
AGREEMENT AND IN SUCH CIRCUMSTANCES THE TENANT SHALL CONTINUE TO PAY TO THE
SELLER RENT ANY OTHER MONIES DUE UNDER THE OCCUPATIONAL LEASE FROM ANY INCLUDING
THE COMPLETION DATE UP TO THE DATE OF ACTUAL COMPLETION
4.
PURCHASE PRICE AND VAT: THE PROPERTY
4.1
THE SELLER SHALL SELL AND THE BUYER SHALL BUY
THE PROPERTY FOR THE PROPERTY PRICE ON THE TERMS SET OUT IN THIS AGREEMENT
4.2
THE SELLER AND THE BUYER AGREE THAT ALL
CAPITAL ALLOWANCES IN RESPECT OF THE
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PROPERTY UP TO THE DATE OF ACTUAL
COMPLETION SHALL BE APPORTIONED TO THE SELLER AND THE SELLER AND THE BUYER SHALL
ON THE DATE OF ACTUAL COMPLETION ENTER INTO AN ELECTION IN THE FORM SET OUT IN
SCHEDULE 1 HERETO
4.3
THE SELLER WILL AT ITS OWN COST AND RISK
PROCURE THAT ON THE COMPLETION DATE:
4.3.1
THE TENANT SHALL SURRENDER THE
OCCUPATIONAL LEASE TO THE SELLER
4.3.2
THE SELLER WILL ACCEPT SUCH SURRENDER IN
ACCORDANCE WITH THE TERMS OF THIS AGREEMENT AND
4.3.3
THE TENANT SHALL VACATE THE PROPERTY
4.4
THE TENANT CONFIRMS AND AGREES THAT THE ITEMS
LISTED IN THE SCHEDULE ANNEXED HERETO AND MARKED SCHEDULE 3 ("SCHEDULE 3") ARE
INCLUDED