CONDITION PRECEDENT - LOAN Sample Clauses

CONDITION PRECEDENT - LOAN. 6.1. In the event of an amount having been inserted in Clause 3.5.2 of the Covering Schedule, this Agreement is subject to the condition precedent that the Purchaser is granted a loan within the period specified in Clause
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CONDITION PRECEDENT - LOAN. 6.1. In the event of an amount having been inserted in Clause 3.5 of the Covering Schedule, this Agreement is subject to the condition precedent that the Purchaser is granted a loan within the period specified in Clause 3.7 of the Covering Schedule (the ”Initial Period”) from a bank or financial institution in the amount specified in Clause 3.5 of the Covering Schedule or such lesser amount as the Purchaser may accept on the terms that the aforesaid bank or financial institution normally approves mortgage loans for Sectional Title Residential Sections.
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CONDITION PRECEDENT - LOAN. 6.1 In the event of an amount having been inserted in Clause 3.3.2 of the Covering Schedule, this Agreement is subject to the condition precedent that the Purchaser is granted a loan within 30 (thirty) days of the Signature Date or such extended period as the Seller in its sole discretion in writing may allow (“Initial Period”), from a South African bank or financial institution in the amount specified in Clause 3.3.2 of the Covering Schedule on the terms that the aforesaid bank or financial institution normally approves mortgage loans for sectional title sections, to be used for residential purposes, failing which this Agreement shall lapse and be of no further force or effect.
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Related to CONDITION PRECEDENT - LOAN

  • CONDITION PRECEDENT The obligations of the parties to this Agreement are subject to the Receiver and the Corporation having received at or before Bank Closing evidence reasonably satisfactory to each of any necessary approval, waiver, or other action by any governmental authority, the board of directors of the Assuming Institution, or other third party, with respect to this Agreement and the transactions contemplated hereby, the closing of the Failed Bank and the appointment of the Receiver, the chartering of the Assuming Institution, and any agreements, documents, matters or proceedings contemplated hereby or thereby.

  • Conditions Precedent The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:

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