LOAN FINANCE. (a) The Purchaser agrees that this Agreement is not subject to the Purchaser obtaining a loan or financing in any form whatsoever from a bank or any other financial institution for the Purchase Price or any part thereof and that any failure to obtain such loan or financing shall not relieve the Purchaser of any of its obligations under this Agreement, which continue in full force and effect from the Effective Date. If requested by the Purchaser, the Seller may, in its absolute discretion, accept monies from a recognised bank or financial institution as a payment made on behalf of the Purchaser.
LOAN FINANCE. The Allottee may, with the prior approval of the Company, raise and/or avail loan from banks and other housing finance companies for this purpose only. The Allottee agrees that the provisions of this Agreement are and shall continue to be subject and subordinate to the lien of any mortgage hereto before or hereafter made/created by the Company and any payments or expenses already made or incurred or which hereafter may be made or incurred pursuant to the terms thereof or incidental thereto or to protect the security thereof, to the fullest extent thereof and such mortgage(s) or encumbrances shall not constitute an objection to the title of the said Apartment or excuse the Allottee from making the payment of the Total Consideration of the said Apartment or performing all the Allottee’s other obligations hereunder or be the basis of any claim against or liability of the Company, provided that at the time of the execution of the Sale Deed/Conveyance Deed of the said Apartment, it shall be free and clear of all encumbrances, lien and charges whatsoever. Allottee(s) 10 Company
LOAN FINANCE. The following terms are applicable:
LOAN FINANCE. 3.2.1 In the event of the Purchaser requiring loan finance for the acquisition of the Subject Matter, this sale shall be subject to the condition precedent that the Purchaser is offered a loan by a recognised financial institution in the amount and by the date as specified in the Schedule, on the institution's usual terms and conditions relating to such loans (which may include the signing of suretyships).
LOAN FINANCE. 4.1 In the event of the Purchaser requiring bond finance for the acquisition of the Property, this sale shall be subject to the condition precedent that the Purchaser is granted a loan by a recognised financial institution in the amount and by the date as specified in the Schedule, on the institution's usual terms and conditions relating to such loans. The Purchaser undertakes to use his best endeavours to ensure that the loan referred to is granted timeously and undertakes to sign all such documentation and to co-operate with the Seller fully in order to ensure that the said loan is approved.
LOAN FINANCE. Each of the Shareholders shall use its commercially reasonable endeavours to procure that the Company's business is financed as far as practicable by borrowing from banks, financial institutions and other similar sources on commercially reasonable terms, but without allowing any prospective lender a right to participate in the share capital of the Company as a condition of any loan. Such financing shall be procured without any additional security by way of guarantee or otherwise from the Shareholders.
LOAN FINANCE. The Company shall have the right and authority to raise finance, loan from any Financial Institution/ Bank by way of mortgage/charge/securitization of receivables, subject to the condition that the said Unit shall be free from all encumbrances at the time of execution of the Conveyance Deed. Such mortgage or charge shall not affect the right and interest of the Allottee.
LOAN FINANCE. Subject to Section 7.4(a), following the subscription ------------ by the Shareholders of all Required Additional Equity Share Capital or otherwise at any time, the Shareholders may cause the Company to procure that the requirements of the Company for working capital to finance the Business are met, as far as reasonably practicable, by borrowings from banks and other similar sources on the most favorable terms reasonably obtainable as to interest, repayment and security, but without allowing a prospective lender a right to participate in the Equity Share Capital of the Company as a condition of a loan.
LOAN FINANCE. This offer is subject to the suspensive condition that a loan is to be granted to THE PURCHASER, within ( ) days from the date of signature of this Agreement of Sale by both parties, on the terms and conditions normally applicable to loans granted by a financial institution. The approved loan amount must be an amount that will enable THE PURCHASER to deliver guarantees for an amount of not less than R ( ) free of any retention by the grantor of the loan. If this condition is not fulfilled within the abovementioned period, the period shall be deemed to be automatically extended unless and until THE SELLER gives ( ) days written notice requiring fulfilment of the condition. If this condition is not fulfilled or waived within such period or periods this Agreement of Sale shall never be of force or effect and any deposits shall be refunded to THE PURCHASER. It is recorded that the condition is inserted for the benefit of THE PURCHASER, and that THE PURCHASER is entitled at its sole discretion to waive fulfilment of this condition at any time prior to the expiry of any of the above periods.
LOAN FINANCE. In the event of loan finance being required, then the following shall apply:
