Common use of HOUR CLAUSE Clause in Contracts

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. The Seller can, before the suspensive conditions in this agreement 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 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 conveyancerattorneys.