Deposit Structure:
a. The sum of $5000.00 by cheque with the Agreement payable to the Vendor as a deposit to be credited on account of the Purchase Price on closing
b. The sum of $5000.00 by cheque on the 11th day after acceptance of the Agreement, payable to the Vendor as a deposit to be credited on account of the Purchase Price on closing
c. The sum of $10,000.00 by post-dated cheque 30 days following acceptance of the Agreement, payable to the Vendor as a deposit to be credited on account of the Purchase Price on closing
d. The sum of $10,000.00 by post-dated cheque 60 days following acceptance of the Agreement, payable to the Vendor as a deposit to be credited on account of the Purchase Price on closing
e. The sum of $10,000.00 by post-dated cheque 120 days following acceptance of the Agreement, payable to the Vendor as a deposit to be credited on account of the Purchase Price on closing
f. The balance of Purchase Price by certified cheque or bank draft drawn on a solicitor’s trust account, subject to adjustments as provided in this Agreement on the Closing Date.
**All Fully Tarion Insured