Common use of FAILURE TO OBTAIN CONSENT Clause in Contracts

FAILURE TO OBTAIN CONSENT. 11.1 In the event that the consent cannot be obtained for any reason not attributable to the default, neglect and/or omission on the part of the Purchaser and/or the Purchaser’s Agent and/or the Purchaser’s solicitors. The Contract of Sale shall with the written consent of MBSB, be deemed rescinded. 11.2 Upon such rescission MBSB shall refund to the Purchaser free of interest all monies received by MBSB from the Purchaser towards the account of the Purchase Price in exchange for the return of all documents intact (if any), free from interest less the costs and fees incurred by MBSB in connection with or in relation to the sale herein and the Purchaser shall not be entitled to any claims demands whatsoever against MBSB, the Solicitors, the Auctioneers of any party/ies on account thereof.

FAILURE TO OBTAIN CONSENT. 11.1 In the event that the consent cannot be obtained for any reason not attributable to the default, neglect and/or omission on the part of the Purchaser and/or the Purchaser’s Agent and/or the Purchaser’s solicitorsSolicitors. The Contract of Sale shall with the written consent of MBSB, be deemed rescinded. 11.2 Upon such rescission MBSB shall refund to the Purchaser free of interest all monies received by MBSB from the Purchaser towards the account of the Purchase Price in exchange for the return of all documents intact (if any), free from interest less the costs and fees incurred by MBSB in connection with or in relation to the sale herein and the Purchaser shall not be entitled to any claims demands whatsoever against MBSB, the Solicitors, the Auctioneers of any party/ies on account thereof.