PAYMENT OF THE RESERVATION DEPOSIT Sample Clauses

PAYMENT OF THE RESERVATION DEPOSIT. 5.1 The parties hereby agree that the Reservation Deposit will be paid to the Transferring Attorneys.
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PAYMENT OF THE RESERVATION DEPOSIT. 5.1 The parties hereby agree that the Reservation Deposit(s) will be paid into the trust account of to the Transferring Attorneys attending to that particular development transfer as contemplated in the Agreement of Sale.
PAYMENT OF THE RESERVATION DEPOSIT. The parties hereby agree that the Reservation Deposit will be paid to the Transferring Attorneys attending to that particular’s development transfer. Payment confirmation, which must clearly state the reference number of PURCHASER concerned, has been delivered to IGrow Wealth Investments (Pty) Ltd. The Reservation Deposit must be paid into the trust account of the Transferring Attorneys:
PAYMENT OF THE RESERVATION DEPOSIT. The PURCHASER hereby agrees that the Reservation Deposit(s) will be paid into the Agencies trust account with a reference in terms of Section 54 of the Property Practitioners Act, Act 22 of 2019. The banking details are as attached hereto. Upon payment of the Reservation Deposit the Purchaser agrees to provide the Agent with a copy of a payment confirmation(s) with reference:
PAYMENT OF THE RESERVATION DEPOSIT. The parties hereby agree that the Reservation Deposit(s) will be paid into the trust account of to the Transferring Attorneys attending to that particular development transfer as contemplated in the Agreement of Sale. The Purchaser must provide the Agent with a payment confirmation(s), clearly stating the reference number(s) of the Purchaser concerned as well as a signed instruction to invest trust monies in terms of Section instruction to the Transferring Attorney to invest any funds paid by the Purchaser in lieu of the Purchase Price into the Trust Account in terms of section 86(4) of the Legal Practice Act COOLING-OFF IN TERMS OF THE CONSUMER PROTECTION ACT (“CPA”) If the Property was introduced to PURCHASER by means of Direct Marketing, then and in that instance, PURCHASER may rescind this Agreement without reason or penalty, by giving written notice, or another recorded manner and form, to SELLER, within 5 (Five) Business Days after the date of signature hereof by PURCHASER. CONFIRMATION BY THE PURCHASER IN TERMS OF THE CPA The Purchaser confirms that: he/she has read this Agreement and understands the contents thereof YES / NO that the Property was not introduced to him/her by means of Direct Marketing YES / NO that he/she is aware and understands his/her right to the cooling-off period after Direct Marketing YES / NO PURCHASER is a juristic person (Company, Close Corporation, Trust, Partnership, etc.) YES / NO if the answer in clause 7.4 above is yes, it’s annual turnover or asset value is more than R2 000 000.00 (Two Million Rand), as on the Signature Date (not applicable if PURCHASER is a natural person) YES / NO PURCHASER is acquiring the property for the following use: Primary Residence YES / NO Buy to let (Investment) YES / NO ADDRESS FOR NOTICE AND SERVICE OF LEGAL DOCUMENTS The purchaser hereby chooses his address for notice and service of legal documents for all purpose of this Agreement, at the addresses referred to above in Clause 1 of this Agreement. CONFIRMATION BY THE PURCHASER IN TERMS OF THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT (“FICAA”) PIP (Prominent Influential Person) QUESTIONS Are you, or anyone connected to the entity, a public official in a position of authority? YES / NO Are you, or anyone connected to the entity, related or associated to a public official in a position of authority? YES / NO If your answer was “YES” in any of the above questions, please answer the following additional question What is the nature of rel...

Related to PAYMENT OF THE RESERVATION DEPOSIT

  • Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • Settlement Account 4.1 The Scheduling Coordinator shall maintain at all times an account with a bank capable of Fed-Wire transfer to which credits or debits shall be made in accordance with the billing and Settlement provisions of Section 11 of the CAISO Tariff. Such account shall be the account as notified by the Scheduling Coordinator to the CAISO from time to time by giving at least 20 days written notice before the new account becomes operational, together with all information necessary for the CAISO's processing of a change in that account.

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