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 The Contract of Sale shall with the written consent of ABB, be deemed rescinded. 11.2 Upon such rescission ABB shall refund to the Purchaser free of interest all monies received by ABB from the Purchaser towards the account of the Purchase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 ABB in connection with or in relation to the sale herein and the Purchaser shall not be entitled to any claims demands whatsoever against ABB, the Solicitors, the Auctioneers of any party/ies on account thereof.
Appears in 5 contracts
Samples: Facilities Agreement, Loan Agreement, Loan Agreement
