HOUR CLAUSE. Should the Seller at any time prior to the fulfilment of all Suspensive Conditions receive another offer to purchase the Property, which offer it, in its sole discretion, finds more acceptable and wishes to accept, then the Purchaser herein shall be notified of such fact in writing and shall have 72 (Seventy Two) hours from time of receipt of such notice to waive in writing the benefit of all suspensive conditions in this Agreement thereby binding himself/herself unconditionally to purchase the Property failing which this Agreement shall automatically lapse and be of no force or effect.
HOUR CLAUSE. Should the Seller at any time prior to the fulfilment of all suspensive conditions receive another bona fide offer to purchase his property, which offer he, in his sole discretion, finds more acceptable and wishes to accept, then the purchaser herein shall be notified of such fact in writing and shall have 72 (seventy two) hours (excluding Saturdays, Sundays and Public Holidays) from time of receipt of such notification to waive in writing the benefit of all suspensive conditions in this Agreement thereby binding the Purchaser unconditionally to the Agreement, failing which, the Agreement will lapse and be of no further force and affect. In the event, however, of the offer which the Seller wishes to accept being subject to the cooling-off provisions as prescribed in terms of Section 29A of the Alienation of Land Act of 1981, then the obligation on the part of the Seller to notify the Purchaser as prescribed in terms of this clause shall be postponed until after the cooling-off period has elapsed and furthermore shall not be required to be given at all should the Offeror exercise his rights in terms of the aforesaid cooling-off period to cancel the offer / agreement.
HOUR CLAUSE. For the purpose of the application of any Excess under Section 1 only, all Damage resulting from fire, earthquake, cyclone, flood, hail, storm and/or tempest, occurring during each period of 72 consecutive hours shall be considered as one Event where such peril is sporadic in its sweep and scope. The Insured shall select the time from which any such period shall commence but no two selected periods shall overlap.
HOUR CLAUSE. The Seller can, before the suspensive conditions in this agreement (first transaction) are fulfilled, accept subsequent offer(s); which will not be subject to any suspensive conditions or whereof all suspensive conditions have already been fulfilled. The Purchaser in respect of the first transaction then has 72 hours in which to comply with the suspensive conditions in the first transaction. The 72 hours are not applicable during weekends and public holidays. The 72 hours commence when the Purchaser or his agent in respect of the first transaction: 1) Is notified in writing of any subsequent offer(s) between 08h00 and 17h00; and 2) Receive a copy of the subsequent offer(s); and 3) Receive proof that all suspensive conditions of the subsequent offer(s) have been fulfilled, including bond approval with conditions acceptable for the SELLER; and 4) Any shortfall on the Purchaser price of the subsequent offer(s), not covered by cash or bond (if applicable), is secured by a guarantee delivered to the Seller ”s conveyancer.
HOUR CLAUSE. All claims for loss under Sections 1 and 2 arising from any one occurrence or series of occurrences shall be adjusted as one claim and the Deductible shall be deducted from each claim for the Defined Perils listed below. The duration of any one occurrence shall be limited to 72 consecutive hours in respect of:
(a) earthquake;
(b) storm or flood;
(c) bursting, overflowing, discharging, or leaking of water tanks, apparatus, or pipes;
(d) sprinkler leakage. Provided that the Company shall not be liable for any loss arising from Damage occurring before the effective date and time of this Policy nor for any occurring after the expiration date of this Policy.
HOUR CLAUSE. Should the Seller, receive another offer to purchase the Property with no suspensive conditions or less onerous suspensive conditions in the Seller’s discretion, then the Seller may give the Purchaser 96-hours written notice to waive the suspensive conditions in this agreement or prove that the suspensive conditions contained herein, have been fulfilled, thereby binding the Purchaser unconditionally to the agreement failing which, the agreement will lapse and be of no further force or effect.
HOUR CLAUSE. If during the period allowed for fulfilment of the suspensive conditions and before fulfilment and/or waiver thereof, the SELLER receives a more acceptable offer in writing for the PROPERTY, the SELLER shall notify the PURCHASER thereof in writing and furnish the PURCHASER with a copy of the said offer. If the PURCHASER does not waive fulfilment of the suspensive conditions contained herein within 72 (seventy-two) hours of receipt of the SELLER’S notice, then the SELLER is entitled to sell the PROPERTY to such third party making the said offer.
HOUR CLAUSE. Should the Seller at any time prior to the fulfilment of any of the suspensive conditions contained in this agreement of sale receive another bona fide unconditional offer in writing, which the Seller, in his sole discretion, finds more acceptable and wishes to accept, then the purchaser shall be notified of such fact in writing and shall 72 hours (specifically excluding Saturdays, Sundays and proclaimed public holidays) from time of receipt of such notice to waive in writing the benefit of the suspensive condition(s), failing which this agreement of sale will lapse and be of no further force or effect.
HOUR CLAUSE. If the registration list is exhausted and the Local Union is unable to refer applicants for employment to the Employer within 48 hours from the time of receiving the Employer’s request, Saturdays, Sundays and holidays excepted, the Employer shall be free to secure applicants without using the Referral Procedure but such applicants, if hired, shall have the status of “temporary employees.”
HOUR CLAUSE. 31.1 Should the Seller at any time prior to the fulfilment of all suspensive conditions, receive another offer to purchase the Property, which in the discretion of the Seller contains more favourable conditions or in the event that the Seller and further purchaser entered into a sale agreement of which the suspensive conditions have been fulfilled and which agreement was subject to the cancellation of this agreement, then the Seller may in his sole discretion notify the Purchaser of such fact in writing, which notice may contain copy of the new offer to purchase, and shall have 96 (ninety six) hours (excluding Saturdays, Sundays and public holidays) from the time of receipt of such notice to either have the remaining suspensive conditions fulfilled or to waive in writing the benefit of all suspensive conditions in this agreement thereby binding the Purchaser unconditionally to the agreement failing which, the agreement will lapse and be of no further force or effect.
31.2 It is furthermore agreed that notwithstanding the provisions of paragraph 31.1 above, the Seller may only issue the 96-hour notice once the balance of the purchase price not covered by a mortgage bond of any further offer has been properly secured as provided for in the relevant offer to purchase.
