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Old 01-05-2014, 01:58 PM
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(7) If the husband dies without this insurance in effect, his obligation to pay support pursuant to this agreement will survive his death (notwithstanding paragraph(s) 11 and 14 of this agreement) and will be a first charge on his estate.
(8) The parties acknowledge that the husband's maintaining this life insurance is to provide a fund out of which support may be payable to the wife and/or child(ren) in the event of the husband's death. The support payments, however, are not limited to this fund.
25. DIRECTION FOR PAYMENTS TO THIRD PARTIES
The husband will be solely responsible for the payment of the fees and expenses charged by the private school for the child(ren), provided that the choice of such school for the child(ren) will be first mutually agreed upon between the husband and the wife. Such school costs paid by the husband are to be an allowance payable on a periodic basis and thus deductible by the husband and includable by the wife in the calculation of their respective incomes pursuant to subsection 56.1(2) and subsection 60.1(2) of the Income Tax Act, which subsections apply to any such payments.
(Material Change in Circumstances‑General)
26. MATERIAL CHANGE IN CIRCUMSTANCES
(1) Only paragraph(s) 4, 5, 6, 7, 8, 11, 12 and 14 may be varied if there is a material change in circumstances, . If such change occurs, the husband or wife seeking the
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(2) If no agreement has been reached within 30 [60/90] clear days after notice has been given under subparagraph (1), variation relating to custody, access and support for the wife/child(ren) may be determined at the instance of either the husband or the wife by an application pursuant to the Family Law Act, the Divorce Act, or the Children's Law Reform Act.
(3) If no agreement has been reached within 30 [60/90] clear days after notice has been given under subparagraph (2), variation relating to support for the wife may be determined at the instance of either the husband or the wife under the Arbitrations Act by a single arbitrator whose award is subject to appeal under the provisions of the Arbitrations Act. Notice under this paragraph constitutes a submission under the Arbitrations Act.


(4) The husband and the wife acknowledge and agree that the change in the laws governing income tax liability on support payments will be deemed to be a material change in circumstances entitling either the husband or the wife to seek a variation in the amounts payable by the husband to the wife in regard to the support of the children or the wife.

(Additional Possible Clauses)
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