Common use of CAPACITY OF PURCHASER Clause in Contracts

CAPACITY OF PURCHASER. Should the purchaser sign this agreement as trustee of a trust or agent for a company to be formed, the signatory shall be deemed to be personally liable in terms of this agreement should the company not be incorporated or not ratify and adopt this agreement within 20 (twenty) days from the date the purchaser signed this agreement. Upon incorporation and ratification as aforesaid the purchaser by his signature hereto binds himself as surety for and co-principal debtor jointly and severally and in solidum with the company or close corporation for the due and punctual performance by the purchaser of its obligations arising out of this agreement.

CAPACITY OF PURCHASER. Should the purchaser PURCHASER sign this agreement as trustee of a trust or agent Agent for a company to be formed, the signatory shall be deemed to be personally liable in terms of this agreement should the company company, not be incorporated Incorporated or not ratify be ratified and adopt this agreement within 20 (twenty) 7 days from the date the purchaser signed this agreementof signature hereof. Upon incorporation and ratification as aforesaid aforesaid, the purchaser PURCHASER by his signature hereto binds himself as surety for and co-principal debtor jointly and severally and in solidum with the company company, trust or close corporation for the due and punctual performance by the purchaser company, close corporation or trust of its obligations arising out of this agreement.

CAPACITY OF PURCHASER. Should the purchaser sign this agreement as trustee of a trust or agent for a company to be formed, the signatory shall be deemed to be personally liable in terms of this agreement should the company not be incorporated or not ratify and adopt this agreement within 20 30 (twentythirty) days from of the date the purchaser signed this agreementof signature hereof. Upon incorporation and ratification as aforesaid the purchaser by his signature hereto binds himself as surety for and co-principal debtor jointly and severally and in solidum with the company or close corporation for the due and punctual performance by the company purchaser of its obligations arising out of this agreement.

CAPACITY OF PURCHASER. Should the purchaser sign this agreement as trustee of a trust or agent for a company or close corporation to be formed, the signatory shall be deemed to be personally liable in terms of this agreement should the company or close corporation not be incorporated or not ratify and adopt this agreement within 20 30 (twentythirty) days from of the date of the purchaser signed this agreementsignature hereof. Upon incorporation and ratification as aforesaid aforesaid, the purchaser by his signature hereto binds himself as surety for and co-co- principal debtor jointly and severally and in solidum whole with the company or close corporation for the due and punctual performance by the purchaser of its obligations arising out of this agreement.