Retention clause to secure performance of outstanding property obligations
Retention clause to secure performance of outstanding property obligations

The following Property precedent provides comprehensive and up to date legal information covering:

  • Retention clause to secure performance of outstanding property obligations

Retention clause to secure performance of outstanding property obligations

    1. 1

      Definitions

      Bank

      1. [insert name of Bank];

      Outstanding Matters

      1. satisfaction by the Seller [of all of ]the following matters:

        1. (a)

          [insert details of outstanding matters to be completed;]

        2. (b)

          [insert details of outstanding matters to be completed;]

      Retention Account

      1. an interest earning deposit

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