Common use of MORTGAGE BOND Clause in Contracts

MORTGAGE BOND. This Agreement is subject to the suspensive condition that a bank grants in writing on its normal terms and conditions a loan or loans secured by a mortgage bond or bonds over the Property for an amount as indicated on Schedule “A” or such lesser amount as the Purchaser may accept by no later than 30 (thirty) days after the Seller has signed this Agreement or such later date as the Seller in his sole discretion may allow. The Purchaser shall ensure that all reasonable steps are taken to enable the loan to be timeously granted. This condition shall be deemed to have been fulfilled on the date upon which the financial institution issues a written loan quotation to the Purchaser on the terms stated therein.

MORTGAGE BOND. This Agreement agreement is subject to the suspensive condition that a bank grants in writing on its normal terms and conditions a loan or loans secured by a mortgage bond or bonds over the Property for an amount as indicated on Schedule “A” or such lesser amount as the Purchaser may accept by no later than 30 (thirty) days after the Seller has signed this Agreement or such later date as the Seller in his sole discretion may allow. The Purchaser shall ensure that all reasonable steps are taken to enable the loan to be timeously granted. This condition shall be deemed to have been fulfilled on the date upon which the financial institution issues a written loan quotation to the Purchaser on the terms stated therein.

MORTGAGE BOND. This Agreement is subject to the suspensive condition that a bank grants grant in writing on its normal terms and conditions a loan or loans secured by a mortgage bond or bonds over the Property for an amount as indicated on Schedule “A” or such lesser amount as the Purchaser may accept by no later than 30 (thirty) days after the Seller has signed this Agreement or such later date as the Seller in his sole discretion may allow. The Purchaser shall ensure that all reasonable steps are taken to enable the loan to be timeously granted. This condition shall be deemed to have been fulfilled on the date upon which the financial institution issues a written loan quotation to the Purchaser on the terms stated therein.

MORTGAGE BOND. This Agreement is subject to the suspensive condition that a bank grants grant in writing on its normal terms and conditions a loan or loans secured by a mortgage bond or bonds over the Property for an amount as indicated on Schedule “A” or such lesser amount as the Purchaser may accept by no later than 30 45 (thirtyforty five) days after the Seller has signed this Agreement or such later date as the Seller in his sole discretion may allow. The Purchaser shall ensure that all reasonable steps are taken to enable the loan to be timeously granted. This condition shall be deemed to have been fulfilled on the date upon which the financial institution issues a written loan quotation to the Purchaser on the terms stated therein.