Common use of General Acknowledgements Clause in Contracts

General Acknowledgements. 22.1 The Purchaser acknowledges that – 22.1.1 it is aware that the Seller shall develop and market the Pearl Valley Development and the Pearl Valley Development in phases (as the Seller deems fit). The Purchaser hereby acknowledges that it may accordingly be exposed to such associated activities, which may result in an amount of inconvenience and specifically agrees not to interfere with or obstruct the Seller from proceeding with the Pearl Valley Development in phases or to lodge an objection with any competent authority in respect of any such phased development. In particular, but without derogating from the generality of the aforegoing the Purchaser agrees that he will not object to any application made by or on behalf of the Seller for special usage consent, licences for shopping, commercial, rezoning, removal of conditions of title under the Removal of Restrictions Act No 84 of 1967 or by way of an application to Court or to any local or other competent authority in respect of any property within the Pearl Valley Development; 22.1.2 it is further anticipated that a hotel shall be built on certain properties forming part of the Pearl Valley Development. The Purchaser hereby acknowledges that it may accordingly be exposed to activities related to the operations of such a hotel, which may result in an amount of inconvenience; and 22.1.3 the owners of land surrounding the Property will be erecting buildings and other structures thereon which may block or otherwise interfere with the views from the Property and the Purchaser specifically agrees that he shall have no right to object to the construction of any building or other structure which blocks or otherwise interferes with the views, as aforesaid, nor will he have a claim for diminution in value of the Property arising out of any interference with the views from the Property by reason of the construction of any such buildings and/or structures. 22.2 In addition to the aforesaid acknowledgements, the Purchaser hereby accepts and agrees that it will be exposed to the aforesaid activities which may result in an amount of inconvenience.