LOAN FROM FINANCIAL INSTITUTION. 2.1 This Agreement is subject to the Buyer obtaining a loan in principle, from a South African commercial bank for the amount stated in 1.8 of the Schedule and receiving a copy of the written approval of such loan by the aforesaid commercial bank, both by no later than the date stated in 1.9 of the Schedule, failing which this Agreement shall lapse and be of no further force and effect.
LOAN FROM FINANCIAL INSTITUTION. If the PURCHASER requires a loan for the amount stated in 1.5 of the CONTRACT OF SALE, the PURCHASER undertakes forthwith to apply for the said loan and if such loan is not granted by the date stated in 1.5 of the CONTRACT OF SALE or by such later date as the parties may agree to in writing, then this CONTRACT shall lapse and be of no further force or effect and the SELLER shall forthwith repay or procure the repayment of all amounts paid by the PURCHASER in respect of the purchase consideration of the PROPERTY.
LOAN FROM FINANCIAL INSTITUTION. 2.1 This CONTRACT is subject to and conditional upon the PURCHASER obtaining a loan in principle from a South African commercial bank or Lending Entity for the amount stated in 1.3.4 of the AGREEMENT and the SELLER receiving a copy of the written approval of such loan by the aforesaid commercial bank or entity, both by no later than the date stated in 1.3.4 of the AGREEMENT. Should the aforesaid loan not be granted by the date stated in 1.3.5 of the AGREEMENT or should the SELLER not receive a copy of the written approval by the aforesaid commercial bank of such loan by the date stated in 1.3.4 of the AGREEMENT, then in that event, this AGREEMENT shall lapse and be of no further force and effect between the parties. In the event of the AGREEMENT lapsing as contemplated above, the SELLER shall forthwith repay or procure the repayment of all amounts paid by the PURCHASER in respect of the purchase consideration of the PROPERTY. It is recorded that this clause has been inserted for the benefit of both the SELLER and the PURCHASER.
LOAN FROM FINANCIAL INSTITUTION. 2.1. If this CONTRACT is subject to the PURCHASER obtaining a loan of not less than the amount stated in 1.12 of the CONTRACT OF SALE, the PURCHASER undertakes forthwith to apply for the said loan and if such loan is not granted in principal, by the date stated in 1.13 of the CONTRACT OF SALE or by such later date as the SELLER may agree to in writing, then in that event this CONTRACT shall lapse and be of no further force and effect between the parties. If this CONTRACT is so terminated, the SELLER shall forthwith repay or procure the repayment of all amounts paid by the PURCHASER in respect of the purchase consideration of the UNIT, less any administration fee charged by the CONVEYANCERS, excluding however any non-refundable price paid in respect of any agreement whereby the PURCHASER acquired a right of Pre-Emption in respect of the UNIT. It is recorded that this clause has been inserted for the benefit of both the SELLER and the PURCHASER.
LOAN FROM FINANCIAL INSTITUTION. It is specifically recorded that the Contract is not subject to, or conditional upon, the Purchaser obtaining a loan.
LOAN FROM FINANCIAL INSTITUTION. 2.1 If the SUBLEASEE requires a loan for any portion of the amount stated in 1.3 of the SUBLEASE AGREEMENT, the SUBLEASEE undertakes forthwith to apply for the said loan and if such loan is not granted, within 30 days of signature of this SUBLEASE AGREEMENT. If payments are not received on dates detailed in 1.4, the SUBLEASOR shall be entitled to terminate the SUBLEASE AGREEMENT and the SUBLEASEE shall forfeit all payments made.
LOAN FROM FINANCIAL INSTITUTION. 2.1 This CONTRACT is subject to and conditional upon the PURCHASER obtaining a loan in principle from a South African commercial bank or Lending Entity for the amount stated in 1.3.4 of the AGREEMENT and the SELLER receiving a copy of the written approval of such loan by the aforesaid commercial bank or entity, both by no later than the date stated in
LOAN FROM FINANCIAL INSTITUTION. 2.1. This CONTRACT is not subject to or conditional upon the Purchaser obtaining a loan from a South African commercial bank.
