Common use of Deemed satisfaction of Buyers’ Instalment payment obligations Clause in Contracts

Deemed satisfaction of Buyers’ Instalment payment obligations. The obligation of the Buyers to pay the relevant Instalment under this Agreement shall be deemed to have been satisfied to the extent of (and in each case as applicable): (a) the Buyers’ settling of the corresponding amount by way of a Deferred Payment; or (b) the Buyers’ (acting on the instructions of the Sellers) deposit of the corresponding amount to the Builder’s Bank by way of a Direct Payment.

Deemed satisfaction of Buyers’ Instalment payment obligations. The obligation of the Buyers to pay the relevant Instalment under this Agreement (other than the First Instalment, which shall be paid in accordance with Clause 5.4 (Payment of First Instalment), and the Extra Amount Instalment) shall be deemed to have been satisfied to the extent of (and in each case as applicable): (a) the Buyers’ ' settling of the corresponding amount by way of a Deferred Payment; or (b) the Buyers’ ' (acting on the instructions of the Sellers) direct deposit of the corresponding amount to the Builder’s 's Bank by way of a Direct Payment.

Deemed satisfaction of Buyers’ Instalment payment obligations. The obligation of the Buyers to pay the relevant Instalment under this Agreement (other than the Extra Amount Instalment) shall be deemed to have been satisfied to the extent of (and in each case as applicable): (a) the Buyers’ ' settling of the corresponding amount by way of a Deferred Payment; or (b) the Buyers’ ' (acting on the instructions of the Sellers) direct deposit of the corresponding amount to the Builder’s 's Bank by way of a Direct Payment.

Deemed satisfaction of Buyers’ Instalment payment obligations. The obligation of the Buyers to pay the relevant Instalment under this Agreement (other than the Second Instalment, which shall be paid in accordance with Clause 5.4 (Payment of Second Instalment) and the Extra Amount Instalment) shall be deemed to have been satisfied to the extent of (and in each case as applicable): (a) the Buyers’ ' settling of the corresponding amount by way of a Deferred Payment; or (b) the Buyers’ ' (acting on the instructions of the Sellers) direct deposit of the corresponding amount to the Builder’s 's Bank by way of a Direct Payment.