Common use of FINANCIAL INTELLIGENCE CENTRE ACT ( Clause in Contracts

FINANCIAL INTELLIGENCE CENTRE ACT (. FICA") 9.1 The Seller and the Purchaser acknowledge that the nominated conveyancer is designated as “accountable institutions” in terms of FICA. 9.2 The Seller and the Purchaser hereby agree to comply with all the FICA requirements of the conveyancer and to supply the conveyancer with all their respective FICA requirements within three days of demand made therefore. 9.3 The Seller and the Purchaser hereby acknowledge that the conveyancer is not permitted in terms of FICA to invest and administer any deposits or any other monies paid in terms of this agreement, unless the Seller and the Purchaser have provided the conveyancer with the documentation and information the conveyancer requires in terms of FICA. 9.4 The Seller and the Purchaser hereby agree that the conveyancer shall not be liable for any loss or damage suffered by either of them, as a result of either Seller or the Purchaser failing to comply with the provisions of this clause.

FINANCIAL INTELLIGENCE CENTRE ACT (. “FICA"”) 9.1 The Seller and the Purchaser acknowledge 20.1 It is acknowledged that the nominated conveyancer is designated as an “accountable institutionsinstitution” in terms of FICA. 9.2 The Seller 20.2 Both the SELLER and the Purchaser hereby PURCHASER agree to comply with all the FICA requirements of the AUCTIONEER and the conveyancer and to supply the AUCTIONEER and the conveyancer with all their respective FICA requirements within three 3 (three) days of after demand made thereforetherefore is made. 9.3 20.3 The Seller SELLER and the Purchaser hereby PURCHASER acknowledge that FICA prohibits the conveyancer is not permitted in terms of FICA to invest and administer any deposits or any other monies paid in terms of this agreement, unless the Seller SELLER and the Purchaser PURCHASER have provided the conveyancer with the documentation and information the conveyancer requires in terms of FICAas required by FICA legislation. 9.4 The Seller 20.4 It is hereby agreed by both the SELLER and the Purchaser hereby agree PURCHASER that neither the AUCTIONEER nor the conveyancer shall not be liable for any loss or damage suffered by either of them, as a result of either Seller the SELLER or the Purchaser PURCHASER failing to comply with the provisions of this clauseClause 20.

FINANCIAL INTELLIGENCE CENTRE ACT (. “FICA"”) 9.1 The Seller and the Purchaser acknowledge 14.1 It is acknowledged that the nominated conveyancer Conveyancer is designated as an “accountable institutionsinstitution” in terms of FICA. 9.2 The Seller 14.2 Both the SELLER(S) and the Purchaser hereby BUYER agree to comply with all the FICA requirements of the conveyancer AUCTIONEER and the Conveyancer and to supply the conveyancer AUCTIONEER and the Conveyancer with all their respective FICA requirements within three days of after demand made thereforetherefore is made. 9.3 14.3 The Seller SELLER(S) and the Purchaser hereby BUYER acknowledge that FICA prohibits the conveyancer is not permitted in terms of FICA Conveyancer to invest and administer any deposits or any other monies paid in terms of this agreement, unless the Seller SELLER(S) and the Purchaser BUYER have provided the conveyancer with the documentation and information the conveyancer requires in terms of FICAas required by FICA legislation. 9.4 The Seller 14.4 It is hereby agreed by both the SELLER(S) and the Purchaser hereby agree BUYER that neither the conveyancer AUCTIONEER nor the Conveyancer shall not be liable for any loss or damage suffered by either of them, as a result of either Seller the SELLER(S) or the Purchaser BUYER failing to comply with the provisions of this clauseClause 14.

FINANCIAL INTELLIGENCE CENTRE ACT (. “FICA"”) 9.1 The Seller and the Purchaser acknowledge 14.1 It is acknowledged that the nominated conveyancer Conveyancer is designated as an “accountable institutionsinstitution” in terms of FICA. 9.2 The Seller 14.2 Both the SELLER(S) and the Purchaser hereby BUYER agree to comply with all the FICA requirements of the conveyancer AUCTIONEER and the Conveyancer and to supply the conveyancer AUCTIONEER and the Conveyancer with all their respective FICA requirements within three days of after demand made thereforetherefore is made. 9.3 14.3 The Seller SELLER(S) and the Purchaser hereby BUYER acknowledge that FICA prohibits the conveyancer is not permitted in terms of FICA Conveyancer to invest and administer any deposits or any other monies paid in terms of this agreement, unless the Seller SELLER(S) and the Purchaser BUYER have provided the conveyancer with the documentation and information the conveyancer requires in terms of FICAas required by FICA legislation. 9.4 The Seller 14.4 It is hereby agreed by both the SELLER(S) and the Purchaser hereby agree BUYER that neither the conveyancer AUCTIONEER nor the Conveyancer shall not be liable for any loss or damage suffered by either of them, as a result of either Seller the SELLER(S) or the Purchaser BUYER failing to comply with the provisions of this clauseClause 15.

FINANCIAL INTELLIGENCE CENTRE ACT (. FICA") 9.1 8.1 The Seller and the Purchaser acknowledge that the nominated Agent and the conveyancer is are designated as “accountable institutions” in terms of FICA. 9.2 8.2 The Seller and the Purchaser hereby agree to comply with all the FICA requirements of the Agent and the conveyancer and to supply the Agent and the conveyancer with all their respective FICA requirements within three days of demand made thereforetherefor. 9.3 8.3 The Seller and the Purchaser hereby acknowledge that the Seller / conveyancer is not permitted in terms of FICA to invest and administer any deposits or any other monies paid in terms of this agreement, unless the Seller and the Purchaser parties have provided the Seller/ conveyancer with the documentation and information the Seller/ conveyancer requires in terms of FICA. 9.4 8.4 The Seller and the Purchaser hereby agree that neither the Agent nor the conveyancer shall not be liable for any loss or damage suffered by either of them, as a result of either Seller or the Purchaser failing to comply with the provisions of this clause.