12. No Pool Safety Certificate (Seller to obtain –Condition REIQ)

1- The Parties acknowledge there is one or more Regulated Pools on the Premises or Regulated Land adjacent thereof that do not have a Pool Safety certificate.
2- The Seller agrees to obtain, at its expense prior to the Settlement Date, a current Pool Safety Certificate and to provide such Certificate to the Purchaser on or before the Settlement Date.
3- Failure by the Seller, to obtain a current Pool Safety Certificate on or before the Settlement Date will entitle the Purchaser to terminate the Contract in which event the contract shall be at an end and all monies by way of deposit refunded to the Purchaser.

This clause is for the benefit of the Purchaser and may be waived at any time.

NOTE: This clause is for REIQ contracts only.