Common use of BOND FINANCE Clause in Contracts

BOND FINANCE. This agreement is suspensively subject thereto that the OWNER obtain a loan upon the security of a first mortgage bond to be passed over the property hereby sold from a Bank or other recognised financial institution at prevailing bank rates and terms in the amount of not less than R........................................ (....................................... ............................................................................................................ ............................................................................................................ ............................................................................................................ XXXX) within 21 (twenty-one) days from date of signature hereof, both days inclusive, or within such extended period granted by the CONTRACTOR to the OWNER in writing.

BOND FINANCE. This agreement is suspensively subject thereto that the OWNER obtain a loan upon the security of a first mortgage bond to be passed over the property hereby sold from a Bank or other recognised financial institution at prevailing bank rates and terms in the amount of not less than R........................................ (....................................... ............................................................................................................ ............................................................................................................ ............................................................................................................ XXXXRAND) within 21 (twenty-one) days from date of signature hereof, both days inclusive, or within such extended period granted by the CONTRACTOR to the OWNER in writing.

BOND FINANCE. This agreement is suspensively subject thereto that the OWNER obtain a loan upon the security of a first mortgage bond to be passed over the property hereby sold from a Bank or other recognised financial institution at prevailing bank rates and terms in the amount of not less than R........................................ (....................................... ............................................................................................................ ............................................................................................................ ............................................................................................................ XXXXRAND) within 21 (twenty-one) days from date of signature hereof, both days inclusive, or within such extended period any extension of time granted by the CONTRACTOR in writing to the OWNER in writingby the CONTRACTOR.