CONTINUED MARKETING. 22.1 In the event that this Agreement is subject to the Purchaser requiring mortgage loan finance (as contemplated in clause 6.1 above) then: -
22.1.1 The Purchaser acknowledges that the Seller shall be entitled to continue to market the Property, either through the Estate Agent, or on its own, and accept other offers, in respect of the Property.
22.1.2 The Seller shall be obliged to proceed with the first offer where all the suspensive conditions are fulfilled, and where written confirmation is received by the Conveyancer in this regard. All other accepted offers will thus be terminated and the Parties reciprocally and irrevocably acknowledge that they shall have no further claims against one another arising out of these Agreements.
CONTINUED MARKETING. In the event that this agreement is subject to the purchaser requiring mortgage loan finance, contemplated in clause 4.1 above, then:
CONTINUED MARKETING. Notwithstanding any other provisions of this agreement, it is agreed that the Seller may not continue marketing the Letting Enterprises or the Property by virtue of the fact that this agreement contains no suspensive conditions.
CONTINUED MARKETING. 24.1 In the event that this agreement is subject to the purchaser requiring mortgage loan finance, contemplated in clause 5.1 above, then:
24.1.1 The purchaser acknowledges that the seller shall be entitled to continue to market the property through the agent and accept other offers through the agent in respect of the property.
24.1.2 The seller shall be obliged to proceed with the first offer where all the suspensive conditions are fulfilled, and where written confirmation is received by the Conveyancer in this regard. All other accepted offers will thus be terminated and the Parties reciprocally and irrevocably acknowledge that they shall have no further claims against one another arising out of these Agreements.
24.1.3 For purposes of clause 24.1.2 above, it will only be accepted that the bond approval suspensive condition (clause 5) has been fulfilled if all conditions attaching to such bond approval, given by the financial institution, has been complied with and such approval has therefore become unconditional.
CONTINUED MARKETING. 24.1. In the event of either (or both) of clauses 3 (mortgage finance) and clause 23 (sale of purchaser’s property) being applicable, the seller will be at liberty to proceed with the marketing of the property.
24.2. Should the seller procure another offer for the sale of the property (“the competing offer”) prior to the fulfilment of all of the mentioned conditions precedent, the seller will be entitled to accept the competing offer, conditional upon the lapsing of this agreement. The seller will then be obliged to inform the purchaser of the competing offer, in which event the purchaser will be afforded a period of 72 (seventy two) hours (excluding Saturdays, Sundays and public holidays) to either waive the protection of the condition/s precedent, or to procure the fulfilment thereof, in default of which this agreement will automatically lapse and become null and void. In the event where this agreement lapses, all amounts paid by the purchaser in terms of this agreement, including interest earned on the investment thereof, will be refunded to the purchaser forthwith.
CONTINUED MARKETING. SELLER may continue to market the Property while the Contingency remains in effect. If SELLER receives a bona fide written offer to purchase the Property upon terms and conditions which SELLER would accept but for the Agreement, SELLER will have the right to deliver to BUYER written notice of SELLER’s intention to sell to such offeror (hereinafter the notice”) and a copy of the bona fide written offer with the name of the buyer deleted therefrom.
CONTINUED MARKETING. The Seller may continue to market the Property until such time as all suspensive conditions contained herein has/have been fulfilled, including the sale of the Purchasers existing property, if applicable. Should the Seller, during this time, receive another acceptable offer (“the competing offer”) to purchase the Property he /she will have the right to call upon the Purchaser, by notice in writing, to match the terms of the competing offer, including the conditions and price of the competing offer, within 3 (three) days (excluding weekends and public holidays) of the date when such notice is delivered to the Purchaser, or such extended period as the Seller in his/her sole discretion may allow (‘the waiver period”). Such notice shall include a copy of the competing offer. Should the Purchaser fail to match the competing offer in writing within the waiver period, the Seller shall be entitled, but not obliged, to accept the competing offer, upon which this sale shall lapse and be null and void. Should the Seller elect not to accept the competing offer this Agreement shall remain in full force and effect.
CONTINUED MARKETING. Listing Status will be changed to Active: Contingent on Sale. If Seller enters into such a Back-Up Agreement, Seller delivers to Buyer written notice of such Back-Up Agreement. Then Buyer shall have a period of business days/ hours after receipt of such notice with to respond to purchase pursuant to the terms of this Addendum. Upon receipt of such notice, and within the stated time Buyer may:
A. Deliver to Seller an unconditional written waiver of the Contingency, the date of closing shall be the date specified in the Agreement OR, in the alternative if specified, days after the removal of the contingency terminate the Agreement and receive a refund of all Xxxxxxx Money; or
B. Fail to respond within the time allowed, in which case Seller may terminate the Agreement at any time thereafter. Upon such termination, all Xxxxxxx Money shall be refunded to Buyer.
CONTINUED MARKETING. In the case of a subject to sale, the Seller may continue to market the property until the fulfillment of all suspensive conditions contained herein.
4.3.1 Should the Seller, during this time, receive another acceptable offer (the Competing Offer) to purchase the property, the Seller will have the right to call upon the Purchaser, by notice in writing, to waive or fulfill all suspensive conditions to which this offer is subject to.
CONTINUED MARKETING. Purchaser understands, acknowledges and agrees that until Purchaser's waiver and determination of his satisfaction with the Due Diligence Contingency on or prior to expiration of the Due Diligence Period, Seller shall be free to continue to market the Property for sale and to negotiate, accept and enter into any contracts and agreement for sale of the Property, which contracts and agreements shall be subject to this Agreement, unless or in the event of the termination of this Agreement as set forth herein.
