AND FOR THE PURPOSES OF CALCULATING ANY INTEREST DUE FROM THE
BUYER TO THE SELLER OR TO THE TENANT (AS REGARDS THE FIXTURES AND FITTINGS)
WHERE COMPLETION TAKES PLACE
8
LATER THAN 2.30 PM ON ANY DAY IT
SHALL BE TREATED AS HAVING TAKEN PLACE ON THE NEXT WORKING DAY
13.2
WHERE ANY PAYMENT DUE ON COMPLETION IS MADE BY A
DIRECT CREDIT TO THE SELLER'S SOLICITORS OR THE TENANT'S SOLICITORS (AS THE CASE
MAY BE) THE BUYER'S OBLIGATION TO MAKE THAT PAYMENT SHALL BE DISCHARGED WHEN IT
IS RECEIVED BY THEIR RESPECTIVE BANKERS
13.3
NEITHER THE SELLER'S SOLICITORS NOR THE TENANT'S
SOLICITORS SHALL BE TAKEN TO BE ACTING AS AGENTS FOR THE BUYER'S SOLICITORS ON
OR IN CONNECTION WITH COMPLETION UNLESS THEY AGREE IN WRITING TO DO SO
13.4
THE BUYER SHALL NOT BE OBLIGED TO COMPLETE EITHER
THE PURCHASE OF THE PROPERTY OR THE PURCHASE OF THE FIXTURES AND FITTINGS UNLESS
BOTH ARE COMPLETED SIMULTANEOUSLY
14.
COMPLETION OF SURRENDER
14.1
PLACE OF COMPLETION
COMPLETION OF THE SURRENDER OF THE OCCUPATIONAL LEASE SHALL TAKE PLACE AT THE
OFFICES OF THE SELLER'S SOLICITORS ON THE COMPLETION DATE
14.2.1
SURRENDER
ON THE COMPLETION DATE THE TENANT SHALL PROVIDE THE SELLER WITH:
(A)
THE OCCUPATIONAL LEASE AND ALL
DOCUMENTS ENTERED INTO SUPPLEMENTAL THERETO; AND
(B)
THE KEYS TO THE PROPERTY; AND
(C)
THE SURRENDER DEED DULY EXECUTED BY
THE TENANT;
AND THE SELLER SHALL DELIVER TO THE TENANT A DULY EXECUTED COUNTERPART OF THE
SURRENDER DEED
14.2.2
ON THE DATE OF ACTUAL COMPLETION OF THE
SURRENDER OF THE OCCUPATIONAL LEASE THE SELLER SHALL PAY TO THE TENANT THE
COMPENSATION PAYMENT BY DIRECT CREDIT TO THE TENANT'S SOLICITORS' CLIENT ACCOUNT
9
14.3
FORM OF THE SURRENDER DEED
THE SURRENDER DEED SHALL BE IN THE FORM OF THE DRAFT SURRENDER DEED ANNEXED TO
THIS AGREEMENT
14.4
COVENANTS FOR TITLE
(A)
THE TENANT SHALL SURRENDER THE
OCCUPATIONAL LEASE WITH FULL TITLE GUARANTEE
(B)
THE COVENANTS IMPLIED ON THE PART OF
THE TENANT BY S.4 OF THE LAW OF PROPERTY (MISCELLANEOUS) ACT 1994 SHALL BE
LIMITED SO THAT IT SHALL NOT EXTEND TO ANY BREACH OF COVENANT OR OTHER PROVISION
IN THE OCCUPATIONAL LEASE RELATING TO THE STATE OR CONDITION OF THE PROPERTY
14.5
MATTERS TO WHICH THE PROPERTY IS SUBJECT
THE OCCUPATIONAL LEASE AND THE PROPERTY ARE SURRENDERED SUBJECT TO AND WITH THE
BENEFIT OF THE FOLLOWING:
(A)
ALL LOCAL LAND CHARGES WHETHER OR NOT
REGISTERED BEFORE ON OR AFTER THE DATE OF THIS AGREEMENT AND ALL MATTERS CAPABLE
OF REGISTRATION AS LOCAL LAND CHARGES; AND
(B)
ALL NOTICES SERVED AND ORDERS
DEMANDS PROPOSALS OR REQUIREMENTS MADE BY ANY LOCAL OR PUBLIC AUTHORITY OR ANY
BODY ACTING ON STATUTORY AUTHORITY WHETHER BEFORE ON OR AFTER THE DATE OF THIS
AGREEMENT; AND
(C)
ALL ACTUAL OR PROPOSED CHARGES
NOTICES ORDERS RESTRICTIONS AGREEMENTS CONDITIONS OR OTHER MATTERS ARISING UNDER
THE TOWN AND COUNTRY PLANNING ACTS OR HIGHWAYS LEGISLATION; AND
(D)
ANY UNREGISTERED INTERESTS WHICH FALL
WITHIN ANY OF THE PARAGRAPHS OF SCHEDULE 1 TO THE