Common use of CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER Clause in Contracts

CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER. 29.1. If Clauses 2.4 and 2.5 of the Covering Schedule have been completed, then and in that instance this Agreement is subject to the condition precedent in favour of the Purchaser in that the Purchaser must be able to sell the Existing Property and obtain fulfilment of all and any conditions precedent thereto within the Sale Period. Transfer of the Existing Property must be registered in the relevant Deeds Registry on or before the Primary Transfer Date. 29.2. In the instance of this condition precedent not being fulfilled within the Sale Period, then and in that instance this Agreement will become null and void, and be of no further force or effect and the Parties will be re- instated in their original position. 29.3. It is recorded that this condition precedent is inserted solely for the benefit of the Purchaser. The Purchaser may waive the benefit of this condition by communicating such waiver to the Seller in writing at any time within the Sale Period or on/or before the Primary Transfer Date, as the case may be. In the event of a waiver by the Purchaser as aforesaid this Agreement will not lapse, despite the Purchaser's failure to sell the Existing Property. 29.4. The Seller may, in its absolute and sole discretion, extend the Sale Period and/or the Primary Transfer Date with a maximum period of 30 (Thirty) days by giving the Purchaser written notice to that effect on or before the Due Date. 29.5. If the Existing Property has already been sold on the Signature Date, then and in that instance the Existing Property must be transferred on or before the Primary Transfer Date. 29.6. In the instance of this Clause 29 being applicable, the Purchaser must grant a joint selling mandate to Rank Real Estate t/a KW Spectrum, to attend to the marketing and selling of the Existing Property and will use its best endeavors to appoint the Transferring Attorneys to attend to the registration of Transfer of the Existing Property to a purchaser.

Appears in 2 contracts

Samples: Sale Agreement, Agreement of Sale

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CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER. 29.1. If Clauses 2.4 and 2.5 of the Covering Schedule have been completed, then and in that instance this 28.1 This Agreement is subject to the condition precedent in favour of the Purchaser in that the Purchaser must be able to sell the Existing Property and obtain fulfilment of all and any conditions precedent thereto within the Sale Period. Transfer of the Existing Property must be registered in the relevant Deeds Registry on or before the Primary Transfer Date. 29.2. 28.2 In the instance of this condition precedent not being fulfilled within the Sale Period, then and in that instance this Agreement will become null and void, and be of no further force or effect and the Parties will be re- instated in their original position. 29.3. 28.3 It is recorded that this condition precedent is inserted solely for the benefit of the Purchaser. The Purchaser may waive the benefit of this condition by communicating such waiver to the Seller in writing at any time within the Sale Period or on/or before the Primary Transfer Date, as the case may be. In the event of a waiver by the Purchaser as aforesaid this Agreement will not lapse, despite the Purchaser's failure to sell the Existing Property.. INITIAL 29.4. 28.4 The Seller may, in its absolute and sole discretion, extend the Sale Period and/or the Primary Transfer Date with a maximum period of 30 (Thirty) days by giving the Purchaser written notice to that effect on or before the Due Date. 29.5. 28.5 If the Existing Property has already been sold on the Signature Date, then and in that instance the Existing Property must be transferred on or before the Primary Transfer Date. 29.6. In the instance of this Clause 29 being applicable, the Purchaser must grant a joint selling mandate to Rank Real Estate t/a KW Spectrum, to attend to the marketing and selling of the Existing Property and will use its best endeavors to appoint the Transferring Attorneys to attend to the registration of Transfer of the Existing Property to a purchaser.

Appears in 2 contracts

Samples: Turnkey Agreement of Sale, Agreement of Sale

CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER. 29.1. If Clauses 2.4 and 2.5 of the Covering Schedule have been completed, then and in that instance this Agreement is subject to the condition precedent in favour of the Purchaser in that the Purchaser must be able to sell the Existing Property and obtain fulfilment of all and any conditions precedent thereto within the Sale Period. Transfer of the Existing Property must be registered in the relevant Deeds Registry on or before the Primary Transfer Date. 29.2. In the instance of this condition precedent not being fulfilled within the Sale Period, then and in that instance this Agreement will become null and void, and be of no further force or effect and the Parties will be re- instated in their original position. 29.3. It is recorded that this condition precedent is inserted solely for the benefit of the Purchaser. The Purchaser may waive the benefit of this condition by communicating such waiver to the Seller in writing at any time within the Sale Period or on/or before the Primary Transfer Date, as the case may be. In the event of a waiver by the Purchaser as aforesaid this Agreement will not lapse, despite the Purchaser's failure to sell the Existing Property. 29.4. The Seller may, in its absolute and sole discretion, extend the Sale Period and/or the Primary Transfer Date with a maximum period of 30 (Thirty) days by giving the Purchaser written notice to that effect on or before the Due Date. 29.5. If the Existing Property has already been sold on the Signature Date, then and in that instance the Existing Property must be transferred on or before the Primary Transfer Date. 29.6. In the instance of this Clause 29 being applicable, the Purchaser must grant a joint selling mandate to Rank Real Estate t/a KW Spectrum(Pty) Ltd, Registration Number: 2015/313518/07 to attend to the marketing and selling of the Existing Property and will use its best endeavors to appoint the Transferring Attorneys to attend to the registration of Transfer of the Existing Property to a purchaser.

Appears in 2 contracts

Samples: Agreement of Sale, Agreement of Sale

CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER. 29.124.1. If Clauses 2.3 and 2.4 and 2.5 of the Covering Schedule have been completed, then and in that instance this Agreement is subject to the condition precedent in favour of the Purchaser in that the Purchaser must be able to sell the Existing Property and obtain fulfilment of all and any conditions precedent thereto within the Sale Period. Transfer of the Existing Property must be registered in the relevant Deeds Registry on or before the Primary Transfer Date. 29.224.2. In the instance of this condition precedent not being fulfilled within the Sale Period, then and in that instance this Agreement will become null and void, and be of no further force or effect and the Parties will be re- re-instated in their original position. 29.324.3. It is recorded that this condition precedent is inserted solely for the benefit of the Purchaser. The Purchaser may waive the benefit of this condition by communicating such waiver to the Seller in writing at any time within the Sale Period or on/or before the Primary Transfer Date, as the case may be. In the event of a waiver by the Purchaser as aforesaid this Agreement will not lapse, despite the Purchaser's failure to sell the Existing Property. 29.424.4. The Seller may, in its absolute and sole discretion, extend the Sale Period and/or the Primary Transfer Date with a maximum period of 30 (Thirty) days by giving the Purchaser written notice to that effect on or before the Due Date. 29.524.5. If the Existing Property has already been sold on the Signature Date, then and in that instance the Existing Property must be transferred on or before the Primary Transfer Date. 29.6. In the instance of this Clause 29 being applicable, the Purchaser must grant a joint selling mandate to Rank Real Estate t/a KW Spectrum, to attend to the marketing and selling of the Existing Property and will use its best endeavors to appoint the Transferring Attorneys to attend to the registration of Transfer of the Existing Property to a purchaser.

Appears in 1 contract

Samples: Sale Agreement

CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER. 29.1. If Clauses 2.4 and 2.5 of the Covering Schedule have been completed, then and in that instance this Agreement is subject to the condition precedent in favour of the Purchaser in that the Purchaser must be able to sell the Existing Property and obtain fulfilment of all and any conditions precedent thereto within the Sale Period. Transfer of the Existing Property must be registered in the relevant Deeds Registry on or before the Primary Transfer Date. 29.2. In the instance of this condition precedent not being fulfilled within the Sale Period, then and in that instance this Agreement will become null and void, and be of no further force or effect and the Parties will be re- re-instated in their original position. 29.3. It is recorded that this condition precedent is inserted solely for the benefit of the Purchaser. The Purchaser may waive the benefit of this condition by communicating such waiver to the Seller in writing at any time within the Sale Period or on/or before the Primary Transfer Date, as the case may be. In the event of a waiver by the Purchaser as aforesaid this Agreement will not lapse, despite the Purchaser's failure to sell the Existing Property. 29.4. The Seller may, in its absolute and sole discretion, extend the Sale Period and/or the Primary Transfer Date with a maximum period of 30 (Thirty) days by giving the Purchaser written notice to that effect on or before the Due Date. 29.5. If the Existing Property has already been sold on the Signature Date, then and in that instance the Existing Property must be transferred on or before the Primary Transfer Date. 29.6. In the instance of this Clause 29 being applicable, the Purchaser must grant a joint selling mandate to Rank Real Estate t/a KW Spectrum(Pty) Ltd, Registration Number: 2015/313518/07 to attend to the marketing and selling of the Existing Property and will use its best endeavors endeavours to appoint the Transferring Attorneys to attend to the registration of Transfer of the Existing Property to a purchaser.

Appears in 1 contract

Samples: Agreement of Sale

CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER. 29.1. If Clauses 2.4 and 2.5 of the Covering Schedule have been completed, then and in that instance this Agreement is subject to the condition precedent in favour of the Purchaser in that the Purchaser must be able to sell the Existing Property and obtain fulfilment of all and any conditions precedent thereto within the Sale Period. Transfer of the Existing Property must be registered in the relevant Deeds Registry on or before the Primary Transfer Date. 29.2. In the instance of this condition precedent not being fulfilled within the Sale Period, then and in that instance this Agreement will become null and void, and be of no further force or effect and the Parties will be re- instated in their original position. 29.3. It is recorded that this condition precedent is inserted solely for the benefit of the Purchaser. The Purchaser may waive the benefit of this condition by communicating such waiver to the Seller in writing at any time within the Sale Period or on/or before the Primary Transfer Date, as the case may be. In the event of a waiver by the Purchaser as aforesaid this Agreement will not lapse, despite the Purchaser's failure to sell the Existing Property. 29.4. The Seller may, in its absolute and sole discretion, extend the Sale Period and/or the Primary Transfer Date with a maximum period of 30 (Thirty) days by giving the Purchaser written notice to that effect on or before the Due Date. 29.5. If the Existing Property has already been sold on the Signature Date, then and in that instance the Existing Property must be transferred on or before the Primary Transfer Date. 29.6. In the instance of this Clause 29 being applicable, the Purchaser must grant a joint selling mandate to Rank Real Estate t/a KW Spectrum, to attend to the marketing and selling of the Existing Property and will use its best endeavors to appoint the Transferring Attorneys to attend to the registration of Transfer of the Existing Property to a purchaser.

Appears in 1 contract

Samples: Agreement of Sale

CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER. 29.124.1. If Clauses 2.4 and 2.5 2.3 of the Covering Schedule have been completed, then and in that instance this Agreement is subject to the condition precedent in favour of the Purchaser in that the Purchaser must be able to sell the Existing Property and obtain fulfilment of all and any conditions precedent thereto within the Sale Period. Transfer of the Existing Property must be registered in the relevant Deeds Registry on or before the Primary Transfer Date. In the event that this Deed of sale is subject to the sale of the existing property, the registration of that property shall be attended to by DGF Attorneys. 29.224.2. In the instance of this condition precedent not being fulfilled within the Sale Period, then and in that instance this Agreement will become null and void, void and be of no further force or effect and the Parties will be re- re-instated in their original position. 29.324.3. It is recorded that this condition precedent is inserted solely for the benefit of the Purchaser. The Purchaser may waive the benefit of this condition by communicating such waiver to the Seller in writing at any time within the Sale Period or on/or before the Primary Transfer Date, as the case may be. In the event of a waiver by the Purchaser as aforesaid this Agreement will not lapse, despite the Purchaser's failure to sell the Existing Property. 29.424.4. The Seller may, in its absolute and sole discretion, extend the Sale Period and/or the Primary Transfer Date with a maximum period of 30 (Thirty) days by giving the Purchaser written notice to that effect on or before the Due Date. 29.524.5. If the Existing Property has already been sold on the Signature Date, then and in that instance the Existing Property must be transferred on or before the Primary Transfer Date. 29.6. In the instance of this Clause 29 being applicable, the Purchaser must grant a joint selling mandate to Rank Real Estate t/a KW Spectrum, to attend to the marketing and selling of the Existing Property and will use its best endeavors to appoint the Transferring Attorneys to attend to the registration of Transfer of the Existing Property to a purchaser.

Appears in 1 contract

Samples: Agreement of Sale

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CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER. 29.1. If Clauses 2.4 and 2.5 of the Covering Schedule have been completed, then and in that instance this Agreement is subject to the condition precedent in favour of the Purchaser in that the Purchaser must be able to sell the Existing Property and obtain fulfilment of all and any conditions precedent thereto within the Sale Period. Transfer of the Existing Property must be registered in the relevant Deeds Registry on or before the Primary Transfer Date. 29.2. In the instance of this condition precedent not being fulfilled within the Sale Period, then and in that instance this Agreement will become null and void, and be of no further force or effect and the Parties will be re- instated in their original position. 29.3. It is recorded that this condition precedent is inserted solely for the benefit of the Purchaser. The Purchaser may waive the benefit of this condition by communicating such waiver to the Seller in writing at any time within the Sale Period or on/or before the Primary Transfer Date, as the case may be. In the event of a waiver by the Purchaser as aforesaid this Agreement will not lapse, despite the Purchaser's failure to sell the Existing Property. 29.4. The Seller may, in its absolute and sole discretion, extend the Sale Period and/or the Primary Transfer Date with a maximum period of 30 (Thirty) days by giving the Purchaser written notice to that effect on or before the Due Date. 29.5. If the Existing Property has already been sold on the Signature Date, then and in that instance the Existing Property must be transferred on or before the Primary Transfer Date. 29.6. In the instance of this Clause 29 being applicable, the Purchaser must grant a joint selling mandate to Rank Real Estate t/a KW Spectrum(Pty) Ltd, Registration Number: 2015/313518/07 to attend to the marketing and selling of the Existing Property and will use its best endeavors endeavours to appoint the Transferring Attorneys to attend to the registration of Transfer of the Existing Property to a purchaser.

Appears in 1 contract

Samples: Agreement of Sale

CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER. 29.1. If Clauses 2.4 and 2.5 of the Covering Schedule have been completed, then and in that instance this 29.1 This Agreement is subject to the condition precedent in favour of the Purchaser in that the Purchaser must be able to sell the Existing Property and obtain fulfilment of all and any conditions precedent thereto within the Sale Period. Transfer of the Existing Property must be registered in the relevant Deeds Registry on or before the Primary Transfer Date. 29.2. 29.2 In the instance of this condition precedent not being fulfilled within the Sale Period, then and in that instance this Agreement will become null and void, and be of no further force or effect and the Parties will be re- instated in their original position. 29.3. 29.3 It is recorded that this condition precedent is inserted solely for the benefit of the Purchaser. The Purchaser may waive the benefit of this condition by communicating such waiver to the Seller in writing at any time within the Sale Period or on/or before the Primary Transfer Date, as the case may be. In the event of a waiver by the Purchaser as aforesaid this Agreement will not lapse, despite the Purchaser's failure to sell the Existing Property.. INITIAL 29.4. 29.4 The Seller may, in its absolute and sole discretion, extend the Sale Period and/or the Primary Transfer Date with a maximum period of 30 (Thirty) days by giving the Purchaser written notice to that effect on or before the Due Date. 29.5. 29.5 If the Existing Property has already been sold on the Signature Date, then and in that instance the Existing Property must be transferred on or before the Primary Transfer Date. 29.6. In the instance of this Clause 29 being applicable, the Purchaser must grant a joint selling mandate to Rank Real Estate t/a KW Spectrum, to attend to the marketing and selling of the Existing Property and will use its best endeavors to appoint the Transferring Attorneys to attend to the registration of Transfer of the Existing Property to a purchaser.

Appears in 1 contract

Samples: Turnkey Agreement of Sale

CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER. 29.130.1. If Clauses 2.3 and 2.4 and 2.5 of the Covering Schedule have been completed, then and in that instance this Agreement is subject to the condition precedent in favour of the Purchaser in that the Purchaser must be able to sell the Existing Property and obtain fulfilment of all and any conditions precedent thereto within the Sale Period. Transfer of the Existing Property must be registered in the relevant Deeds Registry on or before the Primary Transfer Date. 29.230.2. In the instance of this condition precedent not being fulfilled within the Sale Period, then and in that instance this Agreement will become null and void, and be of no further force or effect and the Parties will be re- re-instated in their original position. 29.330.3. It is recorded that this condition precedent is inserted solely for the benefit of the Purchaser. The Purchaser may waive the benefit of this condition by communicating such waiver to the Seller in writing at any time within the Sale Period or on/or before the Primary Transfer Date, as the case may be. In the event of a waiver by the Purchaser as aforesaid this Agreement will not lapse, despite the Purchaser's failure to sell the Existing Property. 29.430.4. The Seller may, in its absolute and sole discretion, extend the Sale Period and/or the Primary Transfer Date with a maximum period of 30 (Thirty) days by giving the Purchaser written notice to that effect on or before the Due Date. 29.530.5. If the Existing Property has already been sold on the Signature Date, then and in that instance the Existing Property must be transferred on or before the Primary Transfer Date. 29.630.6. In the instance of this Clause 29 30 being applicable, the Purchaser must grant a joint selling mandate to Rank Real Estate t/a KW SpectrumMulti Spectrum Properties (Pty) Ltd, Registration Number: 2015/313518/07 to attend to the marketing and selling of the Existing Property and will use its best endeavors endeavours to appoint the Transferring Attorneys to attend to the registration of Transfer of the Existing Property to a purchaser.

Appears in 1 contract

Samples: Agreement of Sale

CONDITIONS PRECEDENT IN FAVOUR OF THE PURCHASER. 29.1. If Clauses 2.4 and 2.5 of the Covering Schedule have been completed, then and in that instance this Agreement is subject to the condition precedent in favour of the Purchaser in that the Purchaser must be able to sell the Existing Property and obtain fulfilment of all and any conditions precedent thereto within the Sale Period. Transfer of the Existing Property must be registered in the relevant Deeds Registry on or before the Primary Transfer Date. 29.2. In the instance of this condition precedent not being fulfilled within the Sale Period, then and in that instance this Agreement will become null and void, and be of no further force or effect and the Parties will be re- instated in their original position. 29.3. It is recorded that this condition precedent is inserted solely for the benefit of the Purchaser. The Purchaser may waive the benefit of this condition by communicating such waiver to the Seller in writing at any time within the Sale Period or on/or before the Primary Transfer Date, as the case may be. In the event of a waiver by the Purchaser as aforesaid this Agreement will not lapse, despite the Purchaser's failure to sell the Existing Property. 29.4. The Seller may, in its absolute and sole discretion, extend the Sale Period and/or the Primary Transfer Date with a maximum period of 30 (Thirty) days by giving the Purchaser written notice to that effect on or before the Due Date. 29.5. If the Existing Property has already been sold on the Signature Date, then and in that instance the Existing Property must be transferred on or before the Primary Transfer Date. 29.6. In the instance of this Clause 29 being applicable, the Purchaser must grant a joint selling mandate to Rank Real Estate t/a KW Spectrum, Spectrum to attend to the marketing and selling of the Existing Property and will use its best endeavors to appoint the Transferring Attorneys to attend to the registration of Transfer of the Existing Property to a purchaser.

Appears in 1 contract

Samples: Agreement of Sale

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