AGENT OR NOMINEE. 30.1 Where the Purchaser is acting as an agent or nominee for a Principal, the Purchaser will be entitled, by notice in writing to that effect addressed to the Seller, to nominate his Principal in his place as Purchaser, upon the following terms and conditions: 30.1.1 notice of such nomination shall be handed to the Seller by not later than close of business on the day of acceptance of this offer by the Seller, accompanied by a copy of the agreement, inter alia so appointing the Purchaser as agent or nominee; 30.1.2 the notice shall set out the name and address of the nominee so nominated as Purchaser; 30.1.3 the notice shall be accompanied by the Principal’s written acknowledgement: 30.1.3.1 that it is fully aware of all the terms and conditions of this Agreement as if fully set out in such written acknowledgement; and 30.1.3.2 that he is bound by the provisions of this Agreement as the Purchaser; 30.2 should the Purchaser nominate a Principal in terms of this clause, then: 30.2.1 all reference to the Purchaser in this Agreement shall be deemed to be a reference to its Principal; and 30.2.2 the Purchaser by his signature hereto, hereby interposes and binds himself jointly and severally as surety and co-principal debtor in solidum to the Seller and the Auctioneer for all the obligations of the Principal in terms of this Agreement, including damages and losses and consequential damages as may arise. 30.3 Should the Purchaser fail to nominate a Principal by close of business on the date of acceptance by the Seller, then he shall be bound to perform all his obligations as Purchaser in terms of this Agreement.
Appears in 6 contracts
Samples: Sale of Property Agreement, Sale of Property Agreement, Sale of Property Agreement
AGENT OR NOMINEE. 30.1 Where the Purchaser is acting as an agent or nominee for a Principal, the Purchaser will be entitled, by notice in writing to that effect addressed to the Seller, to nominate his Principal in his place as Purchaser, upon the following terms and conditions:
30.1.1 notice of such nomination shall be handed to the Seller by not later than close of business on the day of acceptance of this offer by the Seller, accompanied by a copy of the agreement, inter alia so appointing the Purchaser as agent or nominee;.
30.1.2 the notice shall set out the name and address of the nominee so nominated as Purchaser;.
30.1.3 the notice shall be accompanied by the Principal’s written acknowledgementacknowledgment:
30.1.3.1 that it is fully aware of all the terms and conditions of this Agreement as if fully set out in such written acknowledgementacknowledgment; and
30.1.3.2 that he is bound by the provisions of this Agreement as the Purchaser;.
30.2 should the Purchaser nominate a Principal in terms of this clause, then:
30.2.1 all reference to the Purchaser in this Agreement shall be deemed to be a reference to its Principal; and
30.2.2 the Purchaser by his signature hereto, hereby xxxxxx interposes and binds himself jointly and severally as surety and co-principal debtor in solidum to the Seller and the Auctioneer for all the obligations of the Principal in terms of this Agreement, including damages and losses and consequential damages as may arise.
30.3 Should the Purchaser fail to nominate a Principal by close of business on the date of acceptance by the Seller, then he shall be bound to perform all his obligations as Purchaser in terms of this Agreement.
Appears in 3 contracts
Samples: Sale of Property Agreement, Sale of Property Agreement, Sale of Property Agreement
AGENT OR NOMINEE. 30.1 Where the Purchaser is acting as an agent or nominee for a Principal, the Purchaser will be entitled, by notice in writing to that effect addressed to the Seller, to nominate his Principal in his place as Purchaser, upon the following terms and conditions:
30.1.1 notice of such nomination shall be handed to the Seller by not later than close of business on the day of acceptance of this offer by the Seller, accompanied by a copy of the agreement, inter alia so appointing the Purchaser as agent or nominee;.
30.1.2 the notice shall set out the name and address of the nominee so nominated as Purchaser;.
30.1.3 the notice shall be accompanied by the Principal’s written acknowledgementacknowledgment:
30.1.3.1 that it is fully aware of all the terms and conditions of this Agreement as if fully set out in such written acknowledgementacknowledgment; and
30.1.3.2 that he is bound by the provisions of this Agreement as the Purchaser;.
30.2 should the Purchaser nominate a Principal in terms of this clause, then:
30.2.1 all reference to the Purchaser in this Agreement shall be deemed to be a reference to its Principal; and
30.2.2 the Purchaser by his signature hereto, hereby interposes and binds himself jointly and severally as surety and co-principal debtor in solidum to the Seller and the Auctioneer for all the obligations of the Principal in terms of this Agreement, including damages and losses and consequential damages as may arise.
30.3 Should the Purchaser fail to nominate a Principal by close of business on the date of acceptance by the Seller, then he shall be bound to perform all his obligations as Purchaser in terms of this Agreement.
Appears in 2 contracts
Samples: Sale of Property Agreement, Sale of Property Agreement
AGENT OR NOMINEE. 30.1 Where the Purchaser is acting as an agent or nominee for a Principal, the Purchaser will be entitled, by notice in writing to that effect addressed to the Seller, to nominate his Principal in his place as Purchaser, upon the following terms and conditions:
30.1.1 notice of such nomination shall be handed to the Seller by not later than close of business on the day of acceptance of this offer by the Seller, accompanied by a copy of the agreement, inter alia so appointing the Purchaser as agent or nominee;
30.1.2 the notice shall set out the name and address of the nominee so nominated as PurchaserXxxxxxxxx;
30.1.3 the notice shall be accompanied by the Principal’s written acknowledgement:
30.1.3.1 that it is fully aware of all the terms and conditions of this Agreement as if fully set out in such written acknowledgement; and
30.1.3.2 that he is bound by the provisions of this Agreement as the Purchaser;
30.2 should the Purchaser nominate a Principal in terms of this clause, then:
30.2.1 all reference to the Purchaser in this Agreement shall be deemed to be a reference to its Principal; and
30.2.2 the Purchaser by his signature hereto, hereby xxxxxx interposes and binds himself jointly and severally as surety and co-principal debtor in solidum to the Seller and the Auctioneer for all the obligations of the Principal in terms of this Agreement, including damages and losses and consequential damages as may arise.
30.3 Should the Purchaser fail to nominate a Principal by close of business on the date of acceptance by the Seller, then he shall be bound to perform all his obligations as Purchaser in terms of this Agreement.
Appears in 1 contract
Samples: Sale of Property Agreement
AGENT OR NOMINEE. 30.1 Where the Purchaser is acting as an agent or nominee for a Principal, the Purchaser will be entitled, by notice in writing to that effect addressed to the Seller, to nominate his Principal in his place as Purchaser, upon the following terms and conditions:
30.1.1 notice of such nomination shall be handed to the Seller by not later than close of business on the day of acceptance of this offer by the Seller, accompanied by a copy of the agreement, inter alia so appointing the Purchaser as agent or nominee;
30.1.2 the notice shall set out the name and address of the nominee so nominated as PurchaserXxxxxxxxx;
30.1.3 the notice shall be accompanied by the Principal’s written acknowledgement:
30.1.3.1 30.1.4 that it is fully aware of all the terms and conditions of this Agreement as if fully set out in such such written acknowledgement; and
30.1.3.2 30.1.5 that he is bound by the provisions of this Agreement as the Purchaser;
30.2 should the Purchaser nominate a Principal in terms of this clause, then:
30.2.1 all reference to the Purchaser in this Agreement shall be deemed to be a reference to its Principal; and
30.2.2 the Purchaser by his signature hereto, hereby xxxxxx interposes and binds himself jointly and severally as surety and co-principal debtor in solidum to the Seller and the Auctioneer for all the obligations of the Principal in terms of this Agreement, including damages and losses and consequential damages as may arise.
30.3 Should the Purchaser fail to nominate a Principal by close of business on the date of acceptance by the Seller, then he shall be bound to perform all his obligations as Purchaser in terms of this Agreement.
Appears in 1 contract
Samples: Sale of Property Agreement
