Common use of Multiple offers Clause in Contracts

Multiple offers. The Parties agree that the Seller has accepted, or may accept, multiple Offers to Purchase on this Erf, before this contract’s finances have vested to the Seller’s satisfaction. The Seller shall inform the Purchaser should he accept a further offer before the Purchaser’s finances have vested. Where there are multiple offers, “vested” shall be interpreted as the date upon which the Seller accepts a Purchaser as financially complying with the Financial Terms and Conditions of his Offer to Purchase and informing the successful Purchaser in writing that he, the Seller, accepts his offer as the Final Complying Agreement, and notifying all other competing offeror/s in writing, that they were unsuccessful, due to their finances not having vested timeously. Where this sale is subject to the sale of the Purchaser’s property, or the Registration of his property to his purchaser, the Purchaser must provide the Seller with Bankers Payment Guarantees to the Seller’s satisfaction (or other acceptable guarantees in the Seller’s discretion) before this contract can qualify as a financially vested contract. Notice shall be communicated in accordance with para 10 of this Agreement, without giving notice to rectify as per para 9. The Seller shall have full discretion in deciding whether a Purchaser’s finances are acceptable to him and whether he accepts the Purchaser’s Proof of Compliance of the financial requirements of the Offer to Purchase and the Building Contract.

Multiple offers. The Parties agree that the Seller Seller, has accepted, accepted or may accept, accept multiple Offers to Purchase on this Erf, before this contract’s finances have has vested to the Seller’s Sellers satisfaction. The Seller seller shall inform the Purchaser purchaser should he accept a further offer before the Purchaserpurchaser’s finances have vested. Where there are is multiple offers, offers “vested” shall be interpreted as the date upon which the Seller accepts a Purchaser as financially complying with the Financial Terms and Conditions of his Offer to Purchase and informing the successful acceptable Purchaser in writing that he, the Seller, he accepts his his/her offer as the Final Complying Agreement, and notifying all other competing offeror/s in writing, that they were unsuccessful, unsuccessful due to their finances not having vested vesting timeously. Where this sale is subject to the sale of the Purchaser’s property, or the Registration of his property to his purchaserPurchaser, the Purchaser must provide the Seller with Bankers Payment Guarantees to the Sellerseller’s satisfaction (or other acceptable guarantees in to the Seller’s discretion) before this contract can qualify as a financially vested contract. Notice shall be communicated in accordance with para 10 Para 12 of this Agreement, Agreement without giving notice to rectify as per para 9in clause 13. The Seller shall have full discretion in on deciding whether a Purchaser’s finances are acceptable to him and whether he accepts the Purchaser’s Proof of Compliance of the financial requirements of the Offer to Purchase and the Building Contract.

Multiple offers. The Parties agree that the Seller Seller, has accepted, accepted or may accept, accept multiple Offers to Purchase on this Erf, before this contract’s finances have has vested to the Seller’s Sellers satisfaction. The Seller seller shall inform the Purchaser purchaser should he accept a further offer before the Purchaserpurchaser’s finances have vested. Where there are is multiple offers, offers “vested” shall be interpreted as the date upon which the Seller Xxxxxx accepts a Purchaser as financially complying with the Financial Terms and Conditions of his Offer to Purchase and informing the successful acceptable Purchaser in writing that he, the Seller, he accepts his his/her offer as the Final Complying Agreement, and notifying all other competing offeror/s in writing, that they were unsuccessful, unsuccessful due to their finances not having vested vesting timeously. Where this sale is subject to the sale of the Purchaser’s property, or the Registration of his property to his purchaserPurchaser, the Purchaser must provide the Seller with Bankers Payment Guarantees to the Sellerseller’s satisfaction (or other acceptable guarantees in to the Seller’s discretion) before this contract can qualify as a financially vested contract. Notice shall be communicated in accordance with para Para 10 of this Agreement, without giving notice to rectify as per para 9. The Seller shall have full discretion in on deciding whether a Purchaser’s finances are acceptable to him and whether he accepts the Purchaser’s Proof of Compliance of the financial requirements of the Offer to Purchase and the Building Contract.