MORTGAGE BOND. 4.1 In the event of the purchaser requiring a mortgage bond for the amount referred to in clause 3.2 above, this condition will be deemed to have been fulfilled upon a financial institution lodging a letter, acceptable to the conveyancers, confirming that a mortgage bond has been granted to the purchaser upon the normal terms and conditions applicable to home loans. It is expressly recorded that a "pledge/pre-bond approval" does not constitute the necessary approval in terms of this agreement.
Appears in 4 contracts
Samples: Dunkirk Estate, Re Sale Agreement, Dunkirk Estate
MORTGAGE BOND. 4.1 In the event of the purchaser requiring a mortgage bond for the amount referred to in clause 3.2 above, this condition will be deemed to have been fulfilled upon a financial institution lodging a letter, acceptable to the conveyancers, confirming that a mortgage bond has been granted to the purchaser upon the normal terms and conditions applicable to home loans. It is expressly recorded that a "pledge/pre-pre- bond approval" does not constitute the necessary approval in terms of this agreement.
Appears in 2 contracts
Samples: Re Sale Agreement, Re Sale Agreement
MORTGAGE BOND. 4.1 6.1 In the event of the purchaser requiring a mortgage bond for the amount referred to in clause 3.2 5.1 above, this condition will be deemed to have been fulfilled upon a financial institution lodging a letter, acceptable to the conveyancers, confirming that a mortgage bond has been granted to the purchaser upon the normal terms and conditions applicable to home loans. It is expressly recorded that a "pledge/pre-bond approval" does not constitute the necessary approval in terms of this agreement.
Appears in 1 contract
Samples: Agreement of Sale
