Common use of DEVELOPMENT FINANCE Clause in Contracts

DEVELOPMENT FINANCE. 26.3.1. This Agreement is subject to the condition precedent in favour of the Seller in that the Seller must be able to secure and obtain development finance to enable the Seller to proceed with the execution of the Scheme. The terms and conditions of the development finance must be to the satisfaction of the Seller in its sole and absolute discretion. 26.3.2. In the event of this condition not being fulfilled, the Seller will refund the Purchaser all amounts paid in terms of this Agreement.

DEVELOPMENT FINANCE. 26.3.126.2.1. This Agreement is subject to the condition precedent in favour of the Seller in that the Seller must be able to secure and obtain development finance to enable the Seller to proceed with the execution of the SchemeDevelopment. The terms and conditions of the development finance must be to the satisfaction of the Seller in its sole and absolute discretion. 26.3.226.2.2. In the event of this condition not being fulfilled, the Seller will refund the Purchaser all amounts paid in terms of this Agreement.