Common use of POSSESSION AND RISK Clause in Contracts

POSSESSION AND RISK. 12.1 Possession of the Property shall only be given by the Seller and taken by the Purchaser on registration of transfer, provided that clauses 4.2 and 4.4 above have been complied with, from which date all risks and benefits of ownership in respect of the Property shall pass to the Purchaser. 12.2 Should the Purchaser take and the Seller allow possession of the Property prior to registration of transfer, the Purchaser shall at its own expense insure the Property and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the Seller. The Seller‘s interest in the Property shall be endorsed against such policy for such period. 12.3 Upon the Purchaser taking possession of the Property and pending transfer, the following further provisions shall apply – 12.3.1 the Purchaser shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, or his rights of occupation thereof, except with the written consent of the Seller, which consent shall not be unreasonably withheld; 12.3.2 the Purchaser shall be responsible for and pay all costs of electricity and water consumed in the Property.

POSSESSION AND RISK. 12.1 Possession of the Property shall only be given by the Seller and taken by the Purchaser on registration of transfer, provided that clauses 4.2 and 4.4 4.2 above have been complied with, from which date all risks and benefits of ownership in respect of the Property shall pass to the Purchaser. 12.2 Should the Purchaser take and the Seller allow possession of the Property prior to registration of transfer, the Purchaser shall at its own expense insure the Property and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the Seller. The Seller‘s interest in the Property shall be endorsed against such policy for such period. 12.3 Upon the Purchaser taking possession of the Property and pending transfer, the following further provisions shall apply – 12.3.1 the Purchaser shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, or his rights of occupation thereof, except with the written consent of the Seller, which consent shall not be unreasonably withheld; 12.3.2 the Purchaser shall be responsible for and pay all costs of electricity and water consumed in the Property.

POSSESSION AND RISK. 12.1 Possession of the Property property shall only be given by the Seller and taken by the Purchaser on registration of transfer, provided that clauses 4.2 and 4.4 above have been complied with, from which date all risks and benefits of ownership in respect of the Property property shall pass to the Purchaser. 12.2 Should the Purchaser take and the Seller allow possession of the Property property prior to registration of transfer, the Purchaser shall at its own expense insure the Property property and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the Seller. The Seller‘s interest in the Property property shall be endorsed against such policy for such period. 12.3 Upon the Purchaser taking possession of the Property property and pending transfer, the following further provisions shall apply – 12.3.1 the Purchaser shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property property or any other asset of the enterpriseproperty, or his rights of occupation thereof, except with the written consent of the Seller, which consent shall not be unreasonably withheld; 12.3.2 the Purchaser shall be responsible for and pay all costs of electricity and water consumed in the Propertyproperty.

POSSESSION AND RISK. 12.1 8.1 Possession of the Property PROPERTY shall only be given by the Seller SELLER and taken by the Purchaser PURCHASER on registration of transfer, provided that clauses 4.2 and 4.4 clause 1.1 above have been complied with, from which date all risks and benefits of ownership in respect of the Property PROPERTY shall pass to the PurchaserPURCHASER. 12.2 8.2 Should the Purchaser PURCHASER take and the Seller SELLER allow possession of the Property PROPERTY prior to registration of transfer, the Purchaser PURCHASER shall at its own expense insure the Property PROPERTY and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the SellerSELLER. The Seller‘s SELLER's interest in the Property PROPERTY shall be endorsed against such policy for such period. 12.3 8.3 Upon the Purchaser PURCHASER taking possession of the Property PROPERTY and pending transfer, the following further provisions shall apply – 12.3.1 8.3.1 the Purchaser PURCHASER shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, PROPERTY or his rights of occupation thereof, except with the written consent of the SellerSELLER, which consent shall not be unreasonably withheld; 12.3.2 8.3.2 the Purchaser PURCHASER shall be responsible for and pay all costs of electricity and water consumed in the PropertyPROPERTY.

POSSESSION AND RISK. 12.1 9.1 Possession of the Property PROPERTY shall only be given by the Seller SELLER and taken by the Purchaser PURCHASER on registration of transfer, provided that clauses 4.2 1.1 and 4.4 1.3 above have been complied with, from which date all risks and benefits of ownership in respect of the Property PROPERTY shall pass to the PurchaserPURCHASER. 12.2 9.2 Should the Purchaser PURCHASER take and the Seller SELLER allow possession of the Property PROPERTY prior to registration of transfer, the Purchaser PURCHASER shall at its own expense insure the Property PROPERTY and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the SellerSELLER. The Seller‘s SELLER's interest in the Property PROPERTY shall be endorsed against such policy for such period. 12.3 9.3 Upon the Purchaser PURCHASER taking possession of the Property PROPERTY and pending transfer, the following further provisions shall apply – 12.3.1 9.3.1 the Purchaser PURCHASER shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, PROPERTY or his rights of occupation thereof, except with the written consent of the SellerSELLER, which consent shall not be unreasonably withheld; 12.3.2 9.3.2 the Purchaser PURCHASER shall be responsible for and pay all costs of electricity and water consumed in the PropertyPROPERTY.

POSSESSION AND RISK. 12.1 8.1 Possession of the Property PROPERTY shall only be given by the Seller SELLER and taken by the Purchaser PURCHASER on registration of transfertransfer of the offer, provided that clauses 4.2 and 4.4 clause 1.1 above have been complied with, from which date all risks and benefits of ownership in respect of the Property PROPERTY shall pass to the PurchaserPURCHASER. 12.2 8.2 Should the Purchaser PURCHASER take and the Seller SELLER allow possession of the Property PROPERTY prior to registration of transfer, the Purchaser PURCHASER shall at its own expense insure the Property PROPERTY and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the SellerSELLER. The Seller‘s SELLER's interest in the Property PROPERTY shall be endorsed against such policy for such period. 12.3 8.3 Upon the Purchaser PURCHASER taking possession of the Property PROPERTY and pending transfer, the following further provisions shall apply – 12.3.1 8.3.1 the Purchaser PURCHASER shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, PROPERTY or his rights of occupation thereof, except with the written consent of the SellerSELLER, which consent shall not be unreasonably withheld; 12.3.2 8.3.2 the Purchaser PURCHASER shall be responsible for and pay all costs of electricity and water consumed in the PropertyPROPERTY.

POSSESSION AND RISK. 12.1 Possession of the Property property shall only be given by the Seller and taken by the Purchaser on registration of transfer, provided that clauses 4.2 and 4.4 above have been complied with, from which date all risks and benefits of ownership in respect of the Property property shall pass to the Purchaser. 12.2 Should the Purchaser take and the Seller allow possession of the Property property prior to registration of transfer, the Purchaser shall at its own expense insure the Property property and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the Seller. The Seller‘s interest in the Property property shall be endorsed against such policy for such period. 12.3 Upon the Purchaser taking possession of the Property property and pending transfer, the following further provisions shall apply – 12.3.1 the Purchaser shall not sell, let or in any other manner dispose of or part with (whether – temporarily or otherwise) the Property property or any other asset of the enterpriseproperty, or his rights of occupation thereof, except with the written consent of the Seller, which consent shall not be unreasonably withheld; 12.3.2 the Purchaser shall be responsible for and pay all costs of electricity and water consumed in the Property.

POSSESSION AND RISK. 12.1 10.1. Possession of the Property PROPERTY shall only be given by the Seller SELLER and taken by the Purchaser PURCHASER on registration of transfer, provided that clauses 4.2 3.1 and 4.4 3.3 above have been complied with, from which date all risks and benefits of ownership in respect of the Property PROPERTY shall pass to the PurchaserPURCHASER. 12.2 10.2. Should the Purchaser PURCHASER take and the Seller SELLER allow possession of the Property PROPERTY prior to registration of transfer, the Purchaser PURCHASER shall at its own expense insure the Property PROPERTY and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the SellerSELLER. The Seller‘s SELLER's interest in the Property PROPERTY shall be endorsed against such policy for such period. 12.3 10.3. Upon the Purchaser PURCHASER taking possession of the Property PROPERTY and pending transfer, the following further provisions shall apply – 12.3.1 10.3.1. the Purchaser PURCHASER shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, PROPERTY or his rights of occupation thereof, except with the written consent of the SellerSELLER, which consent shall not be unreasonably withheld; 12.3.2 10.3.2. the Purchaser PURCHASER shall be responsible for and pay all costs of electricity and water consumed in the PropertyPROPERTY.

POSSESSION AND RISK. 12.1 11.1. Possession of the Property PROPERTY shall only be given by the Seller SELLER and taken by the Purchaser PURCHASER on registration of transfer, provided that clauses 4.2 and 4.4 above clause 4 of the Special Conditions of Sale have been complied with, from which date all risks and benefits of ownership in respect of the Property PROPERTY shall pass to the PurchaserPURCHASER. 12.2 11.2. Should the Purchaser PURCHASER take and the Seller SELLER allow possession of the Property PROPERTY prior to registration of transfer, the Purchaser PURCHASER shall at its own expense insure the Property PROPERTY and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the SellerSELLER. The Seller‘s SELLER's interest in the Property PROPERTY shall be endorsed against such policy for such period. 12.3 11.3. Upon the Purchaser PURCHASER taking possession of the Property PROPERTY and pending transfer, the following further provisions shall apply – 12.3.1 11.3.1. the Purchaser PURCHASER shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, PROPERTY or his rights of occupation thereof, except with the written consent of the SellerSELLER, which consent shall not be unreasonably withheld; 12.3.2 11.3.2. the Purchaser PURCHASER shall be responsible for and pay all costs of electricity and water consumed in the PropertyPROPERTY.

POSSESSION AND RISK. 12.1 Possession of the Property shall only be given by the Seller and taken by the Purchaser on registration of transfer, provided that clauses 4.2 and 4.4 above have been complied with, from which date all risks and benefits of ownership in respect of the Property shall pass to the Purchaser. 12.2 Should the Purchaser take take, and the Seller allow possession of the Property prior to registration of transfer, the Purchaser shall at its own expense insure the Property and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the Seller. The Seller‘s interest in the Property shall be endorsed against such policy for such period. 12.3 Upon the Purchaser taking possession of the Property and pending transfer, the following further provisions shall apply – 12.3.1 the Purchaser shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, or his rights of occupation thereof, except with the written consent of the Seller, which consent shall not be unreasonably withheld; 12.3.2 the Purchaser shall be responsible for and pay all costs of electricity and water consumed in the Property.

POSSESSION AND RISK. 12.1 7.1 Possession of the Property PROPERTY shall only be given by the Seller SELLER and taken by the Purchaser PURCHASER on registration of transfer, provided that clauses 4.2 and 4.4 clause 2 above have been complied with, from which date all risks and benefits of ownership in respect of the Property PROPERTY shall pass to the PurchaserPURCHASER. 12.2 7.2 Should the Purchaser PURCHASER take and the Seller SELLER allow possession of the Property PROPERTY prior to registration of transfer, the Purchaser PURCHASER shall at its own expense insure the Property PROPERTY and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the SellerSELLER. The Seller‘s SELLER's interest in the Property PROPERTY shall be endorsed against such policy for such period. 12.3 7.3 Upon the Purchaser PURCHASER taking possession of the Property PROPERTY and pending transfer, the following further provisions shall apply – 12.3.1 7.3.1 the Purchaser PURCHASER shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, PROPERTY or his rights of occupation thereof, except with the written consent of the SellerSELLER, which consent shall not be unreasonably withheld; 12.3.2 7.3.2 the Purchaser PURCHASER shall be responsible for and pay all costs of electricity and water consumed in the PropertyPROPERTY.

POSSESSION AND RISK. 12.1 7.1 Possession of the Property PROPERTY shall only be given by the Seller SELLER and taken by the Purchaser PURCHASER on registration of transfer, provided that clauses 4.2 2.1 and 4.4 2.2 above have been complied with, from which date all risks and benefits of ownership in respect of the Property PROPERTY shall pass to the PurchaserPURCHASER. 12.2 7.2 Should the Purchaser PURCHASER take and the Seller SELLER allow possession of the Property PROPERTY prior to registration of transfer, the Purchaser PURCHASER shall at its own expense insure the Property PROPERTY and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the SellerSELLER. The Seller‘s SELLER's interest in the Property PROPERTY shall be endorsed against such policy for such period. 12.3 7.3 Upon the Purchaser PURCHASER taking possession of the Property PROPERTY and pending transfer, the following further provisions shall apply – 12.3.1 7.3.1 the Purchaser PURCHASER shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, PROPERTY or his rights of occupation thereof, except with the written consent of the SellerSELLER, which consent shall not be unreasonably withheld; 12.3.2 7.3.2 the Purchaser PURCHASER shall be responsible for and pay all costs of electricity and water consumed in the PropertyPROPERTY.

POSSESSION AND RISK. 12.1 8.1 Possession of the Property PROPERTY shall only be given by the Seller SELLER and taken by the Purchaser PURCHASER on registration of transfer, provided that clauses 4.2 and 4.4 clause 1.1 above have been complied with, from which date all risks and benefits of ownership in respect of the Property PROPERTY shall pass to the PurchaserPURCHASER. 12.2 8.2 Should the Purchaser PURCHASER take and the Seller SELLER allow possession of the Property PROPERTY prior to registration of transfer, the Purchaser PURCHASER shall at its own expense insure the Property PROPERTY and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the SellerSELLER. The Seller‘s SELLER's interest in the Property PROPERTY shall be endorsed against such policy for such period. 12.3 8.3 Upon the Purchaser PURCHASER taking possession of the Property PROPERTY and pending transfer, the following further provisions shall apply – 12.3.1 8.3.1 the Purchaser PURCHASER shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, PROPERTY or his rights of occupation thereof, except with the written consent of the SellerSELLER, which consent shall not be unreasonably withheld; 12.3.2 8.3.2 the Purchaser PURCHASER shall be responsible for and pay all costs of electricity and water consumed in the PropertyPROPERTY. 8.4 If the PROPERTY is leased, this Agreement is entered into and subject to the rights of the tenant under any existing Lease Agreement, statutory provisions or the Common Law .

POSSESSION AND RISK. 12.1 Possession of the Property shall only be given by the Seller and taken by the Purchaser on registration of transfer, provided that clauses 4.2 and 4.4 4.2 above have been complied with, from which date all risks and benefits of ownership in respect of the Property shall pass to the Purchaser. 12.2 Should the Purchaser take and the Seller allow possession of the Property prior to registration of transfer, the Purchaser shall at its own expense insure the Property and improvements thereon for the full replacement value thereof from date of possession, against risk of loss or damage by any cause with an insurer acceptable to the Seller. The Seller‘s interest in the Property shall be endorsed against such policy for such period. 12.3 Upon the Purchaser taking possession of the Property and pending transfer, the following further provisions shall apply – 12.3.1 the Purchaser shall not sell, let or in any other manner dispose of or part with (whether temporarily or otherwise) the Property or any other asset of the enterprise, or his rights of occupation thereof, except with the written consent of the Seller, which consent shall not be unreasonably withheld; 12.3.2 the Purchaser shall be responsible for and pay all costs of electricity and water consumed in the Property, including the occupational interest as stipulated in Schedule “1” hereto.