Common use of BUILDING AGREEMENT Clause in Contracts

BUILDING AGREEMENT. SUSPENSIVE CONDITION The Purchaser acknowledges that the Property is sold on a plot and plan basis and that this agreement is subject to the Purchaser, simultaneously with the signing hereof, entering into a building agreement with the Seller’s building contractor. The Seller has appointed its preferred building contractor, TGP Construction Cape Town (Pty) Ltd, for the construction of houses in the development. In the event that this suspensive condition is not fulfilled, this Agreement shall lapse and be of no further force or effect.

BUILDING AGREEMENT. SUSPENSIVE CONDITION The Purchaser acknowledges that the Property is sold on a plot and plan basis and that this agreement is subject to the Purchaser, simultaneously with the signing hereof, entering into a building agreement with the Seller’s building contractor. The Seller has appointed its preferred building contractor, TGP Construction Cape Town (Pty) Ltd, for the construction of houses in the development. In the event that this suspensive condition is not fulfilled, this Agreement shall lapse and be of no further force or effect.

BUILDING AGREEMENT. SUSPENSIVE CONDITION The Purchaser acknowledges that the Property is sold on a plot and plan basis and that this agreement is subject to the Purchaser, simultaneously with the signing hereof, entering into a building agreement with the Seller’s building contractor. The Seller has appointed its preferred building contractor, TGP Construction Cape Town Gauteng (Pty) Ltd, for the construction of houses in the development. In the event that this suspensive condition is not fulfilledfulfilled timeously, this Agreement shall will lapse and be of no further force or effect.