Common use of ACCEPTANCE AND CONFIRMATION Clause in Contracts

ACCEPTANCE AND CONFIRMATION. 5.1 By signing this Deed of Sale at the end thereof, the Purchaser offers to purchase the Property on the terms and conditions contained herein and the Purchaser’s offer shall remain open for acceptance by the Seller or by the Agent on behalf of the Seller, until 18H00 on the date specified in Schedule “1” (“confirmation period”). The Purchaser and the Agent acknowledge and agree that this provision are inserted and intended for the benefit of the Seller. 5.2 The Purchaser’s offer shall be deemed to have been accepted only when the Seller or the Agent, whichever may be applicable, has signed this Deed of Sale on behalf of the Seller in the space provided at the end thereof and the Seller shall not be required to notify the Purchaser of the acceptance of its offer prior to expiry of the confirmation period. 5.3 The SELLER reserves the right to extend the confirmation period as stipulated in Schedule “1” within reason after due notice has been given to the PURCHASER in writing on condition that it may not be extended for more than another 5 (five) days. Any longer extension must be agreed in writing between the parties. 5.4 Should the Seller reject the Purchaser’s offer, the Agent will repay to the Purchaser any deposit and commission paid to it in terms of this agreement. 5.5 The Seller shall notify the Purchaser in writing of either its acceptance or its rejection of the Purchaser’s offer immediately upon receipt of written request therefore from the Purchaser, which request shall not be made before the last day of the Confirmation Period. 5.6 In the event of the sale requiring the consent of any statutory authority or any court of law, then this sale is subject to the granting of such consent.

ACCEPTANCE AND CONFIRMATION. 5.1 By signing this Deed of Sale at the end thereof, the Purchaser offers to purchase the Property property on the terms and conditions contained herein and the Purchaser’s offer shall remain open for acceptance by the Seller or by the Agent on behalf of the Seller, until 18H00 on the date specified in Schedule “1” (“confirmation period”). The Purchaser and the Agent acknowledge and agree that this provision are inserted and intended for the benefit of the Seller. 5.2 The Purchaser’s offer shall be deemed to have been accepted only when the Seller or the Agent, whichever may be applicable, has signed this Deed of Sale on behalf of the Seller in the space provided at the end thereof and the Seller shall not be required to notify the Purchaser of the acceptance of its offer prior to expiry of the confirmation period. 5.3 The SELLER reserves the right to extend the confirmation period as stipulated in Schedule “1” within reason after due notice has been given to the PURCHASER in writing on condition that it may not be extended for more than another 5 (five) days. Any longer extension must be agreed in writing between the parties. 5.4 Should the Seller reject the Purchaser’s offer, the Agent will repay to the Purchaser any deposit and commission paid to it in terms of this agreement. 5.5 5.4 The Seller shall notify the Purchaser in writing of either its acceptance or its rejection of the Purchaser’s offer immediately upon receipt of written request therefore from the Purchaser, which request shall not be made before the last day of the Confirmation Period. 5.6 5.5 In the event of the sale requiring the consent of any statutory authority or any court of law, then this sale is subject to the granting of such consent.

ACCEPTANCE AND CONFIRMATION. 5.1 By signing this Deed of Sale at the end thereof, the Purchaser offers to purchase the Property on the terms and conditions contained herein and the Purchaser’s offer shall remain open for acceptance by the Seller or by the Agent on behalf of the Seller, until 18H00 on the date specified in Schedule “1” (“confirmation period”). The Purchaser and the Agent acknowledge and agree that this provision are inserted and intended for the benefit of the Seller. 5.2 The Purchaser’s offer shall be deemed to have been accepted only when the Seller or the Agent, whichever may be applicable, has signed this Deed of Sale on behalf of the Seller in the space provided at the end thereof and the Seller shall not be required to notify the Purchaser of the acceptance of its offer prior to expiry of the confirmation period. 5.3 The SELLER reserves the right to extend the confirmation period as stipulated in Schedule “1” within reason after due notice has been given to the PURCHASER in writing on condition that it may not be extended for more than another 5 (five) days. Any longer extension must be agreed in writing between the parties. 5.4 Should the Seller reject the Purchaser’s offer, the Agent will repay to the Purchaser any deposit and commission paid to it in terms of this agreement. 5.5 5.4 The Seller shall notify the Purchaser in writing of either its acceptance or its rejection of the Purchaser’s offer immediately upon receipt of written request therefore from the Purchaser, which request shall not be made before the last day of the Confirmation Period. 5.6 5.5 In the event of the sale requiring the consent of any statutory authority or any court of law, then this sale is subject to the granting of such consent.

ACCEPTANCE AND CONFIRMATION. 5.1 By signing this Deed of Sale at the end thereof, the Purchaser offers to purchase the Property property on the terms and conditions contained herein and the Purchaser’s offer shall remain open for acceptance by the Seller or by the Agent on behalf of the Seller, until 18H00 on the date specified in Schedule “1” (“confirmation period”). The Purchaser and the Agent acknowledge and agree that this provision are inserted and intended for the benefit of the Seller. 5.2 The Purchaser’s offer shall be deemed to have been accepted only when the Seller or the Agent, whichever may be applicable, has signed this Deed of Sale on behalf of the Seller in the space provided at the end thereof and the Seller shall not be required to notify the Purchaser of the acceptance of its offer prior to expiry of the confirmation period. 5.3 The SELLER reserves the right to extend the confirmation period as stipulated in Schedule “1” within reason after due notice has been given to the PURCHASER in writing on condition that it may not be extended for more than another 5 (five) days. Any longer extension must be agreed in writing between the parties. 5.4 Should the Seller reject the Purchaser’s offer, the Agent will repay to the Purchaser any deposit and commission paid to it in terms of this agreement. 5.5 The Seller shall notify the Purchaser in writing of either its acceptance or its rejection of the Purchaser’s offer immediately upon receipt of written request therefore from the Purchaser, which request shall not be made before the last day of the Confirmation Period. 5.6 In the event of the sale requiring the consent of any statutory authority or any court of law, then this sale is subject to the granting of such consent.

ACCEPTANCE AND CONFIRMATION. 5.1 By signing this Deed of Sale at the end thereof, the Purchaser offers to purchase the Property on the terms and conditions contained herein and the Purchaser’s offer shall remain open for acceptance by the Seller or by the Agent on behalf of the Seller, until 18H00 12H00 on the date specified in Schedule “1” (“confirmation period”). The Purchaser and the Agent acknowledge and agree that this provision are inserted and intended for the benefit of the Seller. 5.2 The Purchaser’s offer shall be deemed to have been accepted only when the Seller or the Agent, whichever may be applicable, has signed this Deed of Sale on behalf of the Seller in the space provided at the end thereof and the Seller shall not be required to notify the Purchaser of the acceptance of its offer prior to expiry of the confirmation period. 5.3 The SELLER reserves the right to extend the confirmation period as stipulated in Schedule “1” within reason after due notice has been given to the PURCHASER in writing on condition that it may not be extended for more than another 5 (five) days. Any longer extension must be agreed in writing between the parties. 5.4 Should the Seller reject the Purchaser’s offer, the Agent will repay to the Purchaser any deposit and commission paid to it in terms of this agreement. 5.5 5.4 The Seller shall notify the Purchaser in writing of either its acceptance or its rejection of the Purchaser’s offer immediately upon receipt of written request therefore from the Purchaser, which request shall not be made before the last day of the Confirmation Period. 5.6 5.5 In the event of the sale requiring the consent of any statutory authority or any court of law, then this sale is subject to the granting of such consent.

ACCEPTANCE AND CONFIRMATION. 5.1 2.1. By signing this Deed of Sale at the end thereof, the Purchaser PURCHASER offers to purchase the Property PROPERTY on the terms and conditions contained herein and the PurchaserPURCHASER’s offer shall remain open for acceptance by the Seller SELLER or by the Agent AGENT on behalf of the SellerSELLER, until 18H00 17H00 on the date specified in Schedule “1” th day of 202_ (“14 WORKING DAYS confirmation period”). The Purchaser and the Agent acknowledge and agree that this provision are inserted and intended for the benefit of the Seller. 5.2 The Purchaser’s offer shall be deemed to have been accepted only when the Seller or the Agent, whichever may be applicable, has signed this Deed of Sale on behalf of the Seller in the space provided at the end thereof and the Seller shall not be required to notify the Purchaser of the acceptance of its offer prior to expiry of the confirmation period. 5.3 2.2. The SELLER reserves the right to extend the confirmation period as stipulated in Schedule “1” within reason after due notice has been given to the PURCHASER in writing on condition that it may not be extended for more than another 5 14 (fivefourteen) days. Any longer extension must be agreed in writing between the parties. 5.4 Should 2.3. The PURCHASER'S offer shall be deemed to have been accepted only when the Seller reject SELLER or the Purchaser’s AGENT, whichever may be applicable, has signed this Deed of Sale on behalf of the SELLER in the space provided at the end thereof and the SELLER shall not be required to notify the PURCHASER of the acceptance of its offer prior to expiry of the confirmation period. 2.4. The SELLER reserves the right to decline the PURCHASER'S offer. The SELLER shall have no obligation to accept the offer and shall not be obliged to furnish a reason for the rejecting of an offer. If the SELLER rejects the PURCHASER'S offer, the Agent SELLER shall be entitled to accept any other offer that may be received in respect of the PROPERTY. 2.5. Should the SELLER reject the PURCHASER'S offer, the AGENT will repay to the Purchaser any deposit and commission paid to it in terms of this agreement.the 5.5 2.6. The Seller AGENT shall notify the Purchaser PURCHASER in writing of either its acceptance or its rejection of the Purchaser’s PURCHASER'S offer immediately upon receipt of written request therefore from the PurchaserPURCHASER, which request shall not be made before the last day of the Confirmation Period. 5.6 2.7. In the event of the sale requiring the consent of any statutory authority or any court of law, then this sale is subject to the granting of such consent.

ACCEPTANCE AND CONFIRMATION. 5.1 By signing this Deed of Sale at the end thereof, the Purchaser offers to purchase the Property on the terms and conditions contained herein and the Purchaser’s offer shall remain open for acceptance by the Seller or by the Agent on behalf of the Seller, until 18H00 on the date specified in Schedule “1” (“confirmation period”). The Purchaser and the Agent acknowledge and agree that this provision are inserted and intended for the benefit of the Seller. 5.2 . The Purchaser’s offer shall be deemed to have been accepted only when the Seller or the Agent, whichever may be applicable, has signed this Deed of Sale on behalf of the Seller in the space provided at the end thereof and the Seller shall not be required to notify the Purchaser of the acceptance of its offer prior to expiry of the confirmation period. 5.3 . The SELLER reserves the right to extend the confirmation period as stipulated in Schedule “1” within reason after due notice has been given to the PURCHASER in writing on condition that it may not be extended for more than another 5 (five) days. Any longer extension must be agreed in writing between the parties. 5.4 . Should the Seller reject the Purchaser’s offer, the Agent will repay to the Purchaser any deposit and commission paid to it in terms of this agreement. 5.5 . The Seller shall notify the Purchaser in writing of either its acceptance or its rejection of the Purchaser’s offer immediately upon receipt of written request therefore from the Purchaser, which request shall not be made before the last day of the Confirmation Period. 5.6 . In the event of the sale requiring the consent of any statutory authority or any court of law, then this sale is subject to the granting of such consent.

ACCEPTANCE AND CONFIRMATION. 5.1 By signing this Deed of Sale at the end thereofof the auction, the Purchaser offers to purchase the Property on the terms and conditions contained herein and the Purchaser’s offer shall remain open for acceptance by the Seller or by the Agent on behalf of the Seller, until 18H00 on the date specified in Schedule “1” (“confirmation period”). The Purchaser and the Agent acknowledge and agree that this provision are inserted and intended for the benefit of the Seller. 5.2 The Purchaser’s offer shall be deemed to have been accepted only when the Seller or the Agent, whichever may be applicable, has signed this Deed of Sale on behalf of the Seller in the space provided at the end thereof and the Seller shall not be required to notify the Purchaser of the acceptance of its offer prior to expiry of the confirmation period. 5.3 The SELLER reserves the right to extend the confirmation period as stipulated in Schedule “1” within reason after due notice has been given to the PURCHASER in writing on condition that it may not be extended for more than another 5 (five) days. Any longer extension must be agreed in writing between the parties. 5.4 Should the Seller reject the Purchaser’s offer, the Agent will repay to the Purchaser any deposit and and/or commission paid to it in terms of this agreement. The Seller will then pay to the Agent any fee or commission not exceeding 10% of the purchase price offered by the Purchaser to the Seller in terms of this agreement for the business or the total costs of advertising and conducting the auction and all such costs as referred to in clause 3 of the Rules of Auction. 5.5 5.4 The Seller shall notify the Purchaser in writing of either its acceptance or its rejection of the Purchaser’s offer immediately upon receipt of written request therefore this signed agreement from the Purchaser, which request shall not be made before the last day of the Confirmation Period. 5.6 5.5 In the event of the sale requiring the consent of any statutory authority or any court of law, then this sale is subject to the granting of such consent.

ACCEPTANCE AND CONFIRMATION. 5.1 3.1 By signing this Deed of Sale at the end thereof, the Purchaser PURCHASER offers to purchase the Property PROPERTY on the terms and conditions contained herein and the PurchaserPURCHASER’s offer shall remain open for acceptance by the Seller SELLER or by the Agent AGENT on behalf of the SellerSELLER, until 18H00 17H00 on the date specified in Schedule “1” 2nd day of October 2020 (“confirmation period”). The Purchaser PURCHASER and the Agent AGENT acknowledge and agree that this provision are is inserted and intended for the benefit of the SellerSELLER. 5.2 3.2 The Purchaser’s PURCHASER's offer shall be deemed to have been accepted only when the Seller SELLER or the AgentAGENT, whichever may be applicable, has signed this Deed of Sale on behalf of the Seller SELLER in the space provided at the end thereof and the Seller SELLER shall not be required to notify the Purchaser PURCHASER of the acceptance of its offer prior to expiry of the confirmation period. 5.3 The SELLER reserves the right to extend the confirmation period as stipulated in Schedule “1” within reason after due notice has been given to the PURCHASER in writing on condition that it may not be extended for more than another 5 (five) days. Any longer extension must be agreed in writing between the parties. 5.4 3.3 Should the Seller SELLER reject the Purchaser’s PURCHASER's offer, the Agent AGENT will repay to the Purchaser PURCHASER any deposit and commission paid to it in terms of this agreement. 5.5 3.4 The Seller SELLER shall notify the Purchaser PURCHASER in writing of either its acceptance or its rejection of the Purchaser’s PURCHASER's offer immediately upon receipt of written request therefore from the PurchaserPURCHASER, which request shall not be made before the last day of the Confirmation Period. 5.6 3.5 In the event of the sale requiring the consent of any statutory authority authority, the Master of the High Court or any court of law, then this sale is subject to the granting of such consent.

ACCEPTANCE AND CONFIRMATION. 5.1 2.1. By signing this Deed of Sale at the end thereof, the Purchaser PURCHASER offers to purchase the Property PROPERTY on the terms and conditions contained herein and the PurchaserPURCHASER’s offer shall remain open for acceptance by the Seller SELLER or by the Agent AGENT on behalf of the SellerSELLER, until 18H00 17H00 on the date specified in Schedule “1” day of 2017 (“confirmation period”). The Purchaser PURCHASER and the Agent AGENT acknowledge and agree that this provision are is inserted and intended for the benefit of the SellerSELLER. 5.2 2.2. The Purchaser’s PURCHASER's offer shall be deemed to have been accepted only when the Seller SELLER or the AgentAGENT, whichever may be applicable, has signed this Deed of Sale on behalf of the Seller SELLER in the space provided at the end thereof and the Seller SELLER shall not be required to notify the Purchaser PURCHASER of the acceptance of its offer prior to expiry of the confirmation period. 5.3 The SELLER reserves the right to extend the confirmation period as stipulated in Schedule “1” within reason after due notice has been given to the PURCHASER in writing on condition that it may not be extended for more than another 5 (five) days2.3. Any longer extension must be agreed in writing between the parties. 5.4 Should the Seller SELLER reject the Purchaser’s PURCHASER's offer, the Agent AGENT will repay to the Purchaser PURCHASER any deposit and commission paid to it in terms of this agreement. 5.5 2.4. The Seller SELLER shall notify the Purchaser PURCHASER in writing of either its acceptance or its rejection of the Purchaser’s PURCHASER's offer immediately upon receipt of written request therefore from the PurchaserPURCHASER, which request shall not be made before the last day of the Confirmation Period. 5.6 2.5. In the event of the sale requiring the consent of any statutory authority authority, the Master of the High Court or any court of law, then this sale is subject to the granting of such consent.