COMPANY, CLOSE CORPORATION OR TRUST ALREADY FORMED. If this agreement is signed by a person (“the signatory”) acting or purporting to act for and on behalf of an existing company, close corporation or trust as Purchaser, the signatory hereby warrants that the company, close corporation or trust as the case may be, is in existence and that the signatory is duly authorised to sign this agreement on its behalf. The signatory shall by his or her signature be bound in favour of the Seller as surety and co-principal debtor in solidum, under renunciation of the benefits of division, excussion and cession of action, for the due and proper performance by the said company or close corporation or trust of all the obligations of the Purchaser under and pursuant to:
COMPANY, CLOSE CORPORATION OR TRUST ALREADY FORMED. 16.1 If this Agreement is signed by a person acting or purporting to act for and on behalf of a company, close corporation or trust (other than one not yet incorporated or formed) such person hereby warrants and undertakes that:
COMPANY, CLOSE CORPORATION OR TRUST ALREADY FORMED. If this agreement is signed by a person acting or purporting to act for and on behalf of a company, a close corporation or trust (other than one not yet incorporated or formed) he warrants by his signature that he is duly authorised to sign this agreement, and by his signature binds himself in favour of the seller as surety and co-principal debtor in solidum, under renunciation of the benefits of division, excussion and cession of action, for the due performance of all the obligations of the said company or close corporation in terms or arising out of:
COMPANY, CLOSE CORPORATION OR TRUST ALREADY FORMED. If this agreement is signed by a person acting or purporting to act for and on behalf of a company, close corporation or trust (other than one not yet incorporated or formed) such person hereby warrants that the company, close corporation or trust as the case may be is in existence and is registered and that he is duly authorised to sign this agreement on its behalf, and he is hereby bound in favour of the Developer as surety and co-principal debtor in solidum, under renunciation of the benefits of division, excussion and cession of action, for the due performance of all the obligations of the said company, close corporation or trust in terms of or arising out of:- this agreement; or any cancellation of this agreement; or section 35 of the Insolvency Act No. 24 of 1936, as amended, pursuant to the abandonment by a liquidator or cancellation by a Court of this agreement, in the event of the said company, close corporation or trust being wound-up. CO-OPERATION Each of the parties hereby undertakes to: sign and/or execute all such documents (and without limiting the generality of the aforegoing, same shall include the execution of the necessary power of attorney and transfer duty declarations); do and to procure the doing by other persons, and to refrain and procure those other persons from doing, all such acts; and pass, and to procure the passing of all such resolutions of directors or shareholders of any company, or members of any close corporation, or trustees of any trust, as the case may be; to the extent that the same may lie within the power of such party and may be required to give effect to the import or intent of this agreement, and any contract concluded pursuant to the provisions of this agreement. The Purchaser undertakes to sign all necessary transfer documents and to pay all costs of transfer within 7 days of the date of despatch of written notice from the Developer ’s Conveyancers to do so.
