COMPANY TO BE FORMED. 28.1. Should the Purchaser be acting as a trustee for a company in the process of formation and within 30 (thirty) days of the last signature of this Agreement: 28.1.1. such company is not incorporated; or 28.1.2. such company fails to validly ratify and adopt (in accordance with the provisions of all applicable legislation, including the provisions of the Companies Act 71 of 2008) the terms of this Agreement, then and in that event, the Purchaser shall be deemed to the Purchaser in his personal capacity and be bound and obliged to discharge all of the obligations imposed upon the Purchaser in terms of this Agreement.
Appears in 5 contracts
Samples: Agreement of Sale, Agreement of Sale, Agreement of Sale
