Common use of Purchase Price and Method of Payment Clause in Contracts

Purchase Price and Method of Payment. 3.1 The purchase price for the Property shall be R , and which shall be payable in the following manner: 3.1.1 Cash deposit R in terms of Clause 3.2 below 3.1.2 Loan R in terms of Clause 3.3 below 3.1.3 Cash balance R in terms of Clause 3.4 below 3.2 The deposit referred to in Clause 3.1.1 is to be paid to the Conveyancers within 7 (Seven) days of acceptance of this agreement by the seller, into the following trust account: Berrange Incorporated Trust Account Bank: Nedbank Limited Branch code: 134 025 Account number: 134 036 9362 Reference : Erf (Erf number) Howick/ (Surname) Should same not be paid, in full, within the said 7 (Seven) day period, this agreement shall lapse, without further notice, with immediate effect. In this event, any part payment made towards the deposit shall be forfeited to the seller as envisaged in clause 9.1.2 below. 3.3 The amount referred to in Clause 3.1.2 shall be paid to the Seller upon registration of transfer and shall be provided by the raising of a bank loan on the security of the property hereby sold. This entire agreement is subject to the condition that the Purchaser is able to arrange a loan in the amount referred to in clause 3.1.2, in principle, on usual bank terms and conditions, within 30 (Thirty) days of signature hereof by the Seller. The Purchaser agrees and undertakes to take all steps and sign all documents reasonably necessary to give effect to this clause. 3.3.1 Should such loan not be granted in principle by due date, this agreement shall automatically fail and be of no further force or effect whatsoever. 3.3.2 The condition contained in Clause 3.3 has been inserted for the benefit of the Purchaser, and can be waived by him provided that such waiver is contained in writing and lodged with the Agents before the date referred to above. 3.3.3 The Purchaser undertakes to lodge with the Conveyancers, bank guarantees for payment of the sum referred to in Clause 3.1.2 within 14 (Fourteen) days of written request therefore by the Conveyancers and, within a further 7 (Seven) days, to take all such steps as may be necessary to enable the attorneys attending to the registration of the bond, to lodge their documents in the Pietermaritzburg Deeds Registry. 3.3.4 The Purchaser warrants that he is aware of the financial requirements of the bank relating to the mortgage bond that is to be applied for, and undertakes, to the best of his ability, to immediately provide, upon request by the relevant bank concerned, all information and other documentation which may be required by it in order to approve his loan application. 3.3.5 The Purchaser warrants that there is no existing judgment noted against his name which would preclude any financial institution from approving his loan application. 3.4 The balance of the purchase price, as referred to in Clause 3.1.3, shall be paid, in cash, into the Conveyancers Trust Account, or shall be secured by such guarantee or guarantees as the Seller may require, which cash or guarantee/s shall be paid to / lodged with the Conveyancers within 14 (Fourteen) days of written request therefor by the Conveyancers. 3.5 The Purchaser hereby instructs and authorizes the Conveyancers to invest (subject to clause 7.3.4), in terms of Section 78 (2A) of the Attorneys Act, Act 53 of 1979 (as amended), any monies paid by him or on his behalf in terms of this Agreement, in an interest bearing account, account pending registration of transfer, or cancellation in terms of Clause 9, as the case may be, interest so accrued for the benefit of the Purchaser. 3.6 It is recorded that the Seller is a VAT vendor (with VAT registration number 3.7 Unless otherwise provided, all payments hereunder shall be made without deduction or demand to the Seller at the offices of the Conveyancers. All bank charges incurred by the Conveyancers in connection with this transaction shall be for the account of the Purchaser.

Purchase Price and Method of Payment. 3.1 The purchase price for the Property Unit shall be R , which shall be inclusive of VAT and which shall be payable in the following manner: 3.1.1 Cash deposit R in terms of Clause 3.2 below 3.1.2 Loan R in terms of Clause 3.3 below 3.1.3 Cash balance R in terms of Clause 3.4 below 3.2 The deposit referred to in Clause 3.1.1 is to be paid to the Conveyancers within 7 (Seven) days of acceptance of this agreement by the seller, into the following trust account: Berrange Incorporated Trust Account Bank: Nedbank Limited Branch code: 134 025 Account number: 134 036 9362 Reference : Erf (Erf number) Howick/ (Surname) Orchards/your surname Should same not be paid, in full, within the said 7 (Seven) day period, this agreement shall lapse, without further notice, with immediate effect. In this event, any part payment made towards the deposit shall be forfeited to the seller as envisaged in clause 9.1.2 16.1.2 below. 3.3 The amount referred to in Clause 3.1.2 shall be paid to the Seller upon registration of transfer and shall be provided by the raising of a bank loan on the security of the property hereby sold. This entire agreement is subject to the condition that the Purchaser is able to arrange a loan in the amount referred to in clause 3.1.2, in principle, on usual bank terms and conditions, within 30 (Thirty) days of signature hereof by the Seller. The Purchaser agrees and undertakes to take all steps and sign all documents reasonably necessary to give effect to this clause. 3.3.1 Should such loan not be granted in principle by due date, this agreement shall automatically fail and be of no further force or effect whatsoever. 3.3.2 The condition contained in Clause 3.3 has been inserted for the benefit of the Purchaser, and can be waived by him provided that such waiver is contained in writing and lodged with the Agents before the date referred to above. 3.3.3 The Purchaser undertakes to lodge with the Conveyancers, bank guarantees for payment of the sum referred to in Clause 3.1.2 within 14 (Fourteen) days of written request therefore by the Conveyancers andConveyancers, and within a further 7 (Sevenseven) days, to take all such steps as may be necessary to enable the attorneys attending to the registration of the bond, to lodge their documents in the Pietermaritzburg Deeds Registry. 3.3.4 The Purchaser warrants that he is aware of the financial requirements of the bank relating to the mortgage bond that is to be applied for, and undertakes, to the best of his ability, to immediately provide, upon request by the relevant bank concerned, all information and other documentation which may be required by it in order to approve his loan application. 3.3.5 The Purchaser warrants that there is no existing judgment noted against his name which would preclude any financial institution from approving his loan application. 3.4 The balance of the purchase price, as referred to in Clause 3.1.3, shall be paid, in cash, into the Conveyancers Trust Account, or shall be secured by such guarantee or guarantees as the Seller may require, which cash or guarantee/s shall be paid to / lodged with the Conveyancers within 14 (Fourteen) days of written request therefor by the Conveyancers. 3.5 The Purchaser hereby instructs and authorizes the Conveyancers to invest (subject to clause 7.3.4), in terms of Section 78 (2A) of the Attorneys Act, Act 53 of 1979 (as amended), any monies paid by him or on his behalf in terms of this Agreement, in an interest bearing account, account pending registration of transfer, or cancellation in terms of Clause 916, as the case may be, interest so accrued for the benefit of the Purchaser. 3.6 It is recorded that the Seller is a VAT vendor (with VAT registration numbernumber ) for the purposes of the sale of the Property in terms of this agreement, and therefore the Total Consideration, referred to in clause 3.1 includes Value Added Tax, at the current rate of 15% (Fifteen Percent). The parties agree that, should there be any change in the Value Added Tax rate applicable at the time of supply, as determined in accordance with the Value Added Tax 89 of 1991, the purchase price shall be amended to take into account the adjustment in the Value Added Tax rate. 3.7 Unless otherwise provided, all payments hereunder shall be made without deduction or demand to the Seller at the offices of the Conveyancers. All bank charges incurred by the Conveyancers in connection with this transaction shall be for the account of the Purchaser.

Purchase Price and Method of Payment. 3.1 The purchase price for the Property shall be R , which shall be inclusive of VAT and which shall be payable in the following manner: 3.1.1 Cash deposit R in terms of Clause 3.2 below 3.1.2 Loan R in terms of Clause 3.3 below 3.1.3 Cash balance R in terms of Clause 3.4 below 3.2 The deposit referred to in Clause 3.1.1 is to be paid to the Conveyancers within 7 (Seven) days of acceptance of this agreement by the seller, into the following trust account: Berrange Incorporated Trust Account Bank: Nedbank Limited Branch code: 134 025 Account number: 134 036 9362 Reference : Erf (Erf number) Howick/ (Surname) Howick/surname Should same not be paid, in full, within the said 7 (Seven) day period, this agreement shall lapse, without further notice, with immediate effect. In this event, any part payment made towards the deposit shall be forfeited to the seller as envisaged in clause 9.1.2 below. 3.3 The amount referred to in Clause 3.1.2 shall be paid to the Seller upon registration of transfer and shall be provided by the raising of a bank loan on the security of the property hereby sold. This entire agreement is subject to the condition that the Purchaser is able to arrange a loan in the amount referred to in clause 3.1.2, in principle, on usual bank terms and conditions, within 30 (Thirty) days of signature hereof by the Seller. The Purchaser agrees and undertakes to take all steps and sign all documents reasonably necessary to give effect to this clause. 3.3.1 Should such loan not be granted in principle by due date, this agreement shall automatically fail and be of no further force or effect whatsoever. 3.3.2 The condition contained in Clause 3.3 has been inserted for the benefit of the Purchaser, and can be waived by him provided that such waiver is contained in writing and lodged with the Agents before the date referred to above. 3.3.3 The Purchaser undertakes to lodge with the Conveyancers, bank guarantees for payment of the sum referred to in Clause 3.1.2 within 14 (Fourteen) days of written request therefore by the Conveyancers and, within a further 7 (Seven) days, to take all such steps as may be necessary to enable the attorneys attending to the registration of the bond, to lodge their documents in the Pietermaritzburg Deeds Registry. 3.3.4 The Purchaser warrants that he is aware of the financial requirements of the bank relating to the mortgage bond that is to be applied for, and undertakes, to the best of his ability, to immediately provide, upon request by the relevant bank concerned, all information and other documentation which may be required by it in order to approve his loan application. 3.3.5 The Purchaser warrants that there is no existing judgment noted against his name which would preclude any financial institution from approving his loan application. 3.4 The balance of the purchase price, as referred to in Clause 3.1.3, shall be paid, in cash, into the Conveyancers Trust Account, or shall be secured by such guarantee or guarantees as the Seller may require, which cash or guarantee/s shall be paid to / lodged with the Conveyancers within 14 (Fourteen) days of written request therefor by the Conveyancers. 3.5 The Purchaser hereby instructs and authorizes the Conveyancers to invest (subject to clause 7.3.4), in terms of Section 78 (2A) of the Attorneys Act, Act 53 of 1979 (as amended), any monies paid by him or on his behalf in terms of this Agreement, in an interest bearing account, account pending registration of transfer, or cancellation in terms of Clause 9, as the case may be, interest so accrued for the benefit of the Purchaser. 3.6 It is recorded that the Seller is a VAT vendor (with VAT registration numbernumber 4600221487) for the purposes of the sale of the Property in terms of this agreement, and therefore the Total Consideration, referred to in clause 3.1 includes Value Added Tax, at the current rate of 14% (Fourteen Percent). The parties agree that, should there be any change in the Value Added Tax rate applicable at the time of supply, as determined in accordance with the Value Added Tax 89 of 1991, the purchase price shall be amended to take into account the adjustment in the Value Added Tax rate. 3.7 Unless otherwise provided, all payments hereunder shall be made without deduction or demand to the Seller at the offices of the Conveyancers. All bank charges incurred by the Conveyancers in connection with this transaction shall be for the account of the Purchaser.

Purchase Price and Method of Payment. 3.1 The purchase price for the Property shall be R , which shall be inclusive of VAT and which shall be payable in the following manner: 3.1.1 Cash deposit R in terms of Clause 3.2 below 3.1.2 Loan R in terms of Clause 3.3 below 3.1.3 Cash balance R in terms of Clause 3.4 below 3.2 The deposit referred to in Clause 3.1.1 is to be paid to the Conveyancers within 7 (Seven) days of acceptance of this agreement by the seller, into the following trust account: Berrange Incorporated Trust Account Bank: Nedbank Limited Branch code: 134 025 Account number: 134 036 9362 Reference : Erf (Erf number) Howick/ (Surname) Howick/surname Should same not be paid, in full, within the said 7 (Seven) day period, this agreement shall lapse, without further notice, with immediate effect. In this event, any part payment made towards the deposit shall be forfeited to the seller as envisaged in clause 9.1.2 below. 3.3 The amount referred to in Clause 3.1.2 shall be paid to the Seller upon registration of transfer and shall be provided by the raising of a bank loan on the security of the property hereby sold. This entire agreement is subject to the condition that the Purchaser is able to arrange a loan in the amount referred to in clause 3.1.2, in principle, on usual bank terms and conditions, within 30 (Thirty) days of signature hereof by the Seller. The Purchaser agrees and undertakes to take all steps and sign all documents reasonably necessary to give effect to this clause. 3.3.1 Should such loan not be granted in principle by due date, this agreement shall automatically fail and be of no further force or effect whatsoever. 3.3.2 The condition contained in Clause 3.3 has been inserted for the benefit of the Purchaser, and can be waived by him provided that such waiver is contained in writing and lodged with the Agents before the date referred to above. 3.3.3 The Purchaser undertakes to lodge with the Conveyancers, bank guarantees for payment of the sum referred to in Clause 3.1.2 within 14 (Fourteen) days of written request therefore by the Conveyancers and, within a further 7 (Seven) days, to take all such steps as may be necessary to enable the attorneys attending to the registration of the bond, to lodge their documents in the Pietermaritzburg Deeds Registry. 3.3.4 The Purchaser warrants that he is aware of the financial requirements of the bank relating to the mortgage bond that is to be applied for, and undertakes, to the best of his ability, to immediately provide, upon request by the relevant bank concerned, all information and other documentation which may be required by it in order to approve his loan application. 3.3.5 The Purchaser warrants that there is no existing judgment noted against his name which would preclude any financial institution from approving his loan application. 3.4 The balance of the purchase price, as referred to in Clause 3.1.3, shall be paid, in cash, into the Conveyancers Trust Account, or shall be secured by such guarantee or guarantees as the Seller may require, which cash or guarantee/s shall be paid to / lodged with the Conveyancers within 14 (Fourteen) days of written request therefor by the Conveyancers. 3.5 The Purchaser hereby instructs and authorizes the Conveyancers to invest (subject to clause 7.3.4), in terms of Section 78 (2A) of the Attorneys Act, Act 53 of 1979 (as amended), any monies paid by him or on his behalf in terms of this Agreement, in an interest bearing account, account pending registration of transfer, or cancellation in terms of Clause 9, as the case may be, interest so accrued for the benefit of the Purchaser. 3.6 It is recorded that the Seller is a VAT vendor (with VAT registration numbernumber 4600221487) for the purposes of the sale of the Property in terms of this agreement, and therefore the Total Consideration, referred to in clause 3.1 includes Value Added Tax, at the current rate of 15% (Fifteen Percent). The parties agree that, should there be any change in the Value Added Tax rate applicable at the time of supply, as determined in accordance with the Value Added Tax 89 of 1991, the purchase price shall be amended to take into account the adjustment in the Value Added Tax rate. 3.7 Unless otherwise provided, all payments hereunder shall be made without deduction or demand to the Seller at the offices of the Conveyancers. All bank charges incurred by the Conveyancers in connection with this transaction shall be for the account of the Purchaser.

Purchase Price and Method of Payment. 3.1 The purchase price for the Property shall be R , and which shall be payable in the following manner: 3.1.1 Cash deposit R in terms of Clause 3.2 below 3.1.2 Loan R in terms of Clause 3.3 below 3.1.3 Cash balance R in terms of Clause 3.4 below 3.2 The deposit referred to in Clause 3.1.1 is to be paid to the Conveyancers within 7 (Seven) days of acceptance of this agreement by the seller, into the following trust account: Berrange Incorporated Trust Account Bank: Nedbank Limited Branch code: 134 025 Account number: 134 036 9362 Reference : Erf (Erf numberNumber) Howick/ (Surnamesurname) Should same not be paid, in full, within the said 7 (Seven) day period, this agreement shall lapse, without further notice, with immediate effect. In this event, any part payment made towards the deposit shall be forfeited to the seller as envisaged in clause 9.1.2 below. 3.3 The amount referred to in Clause 3.1.2 shall be paid to the Seller upon registration of transfer and shall be provided by the raising of a bank loan on the security of the property hereby sold. This entire agreement is subject to the condition that the Purchaser is able to arrange a loan in the amount referred to in clause 3.1.2, in principle, on usual bank terms and conditions, within 30 (Thirty) days of signature hereof by the Seller. The Purchaser agrees and undertakes to take all steps and sign all documents reasonably necessary to give effect to this clause. 3.3.1 Should such loan not be granted in principle by due date, this agreement shall automatically fail and be of no further force or effect whatsoever. 3.3.2 The condition contained in Clause 3.3 has been inserted for the benefit of the Purchaser, and can be waived by him provided that such waiver is contained in writing and lodged with the Agents before the date referred to above. 3.3.3 The Purchaser undertakes to lodge with the Conveyancers, bank guarantees for payment of the sum referred to in Clause 3.1.2 within 14 (Fourteen) days of written request therefore by the Conveyancers and, within a further 7 (Seven) days, to take all such steps as may be necessary to enable the attorneys attending to the registration of the bond, to lodge their documents in the Pietermaritzburg Deeds Registry. 3.3.4 The Purchaser warrants that he is aware of the financial requirements of the bank relating to the mortgage bond that is to be applied for, and undertakes, to the best of his ability, to immediately provide, upon request by the relevant bank concerned, all information and other documentation which may be required by it in order to approve his loan application. 3.3.5 The Purchaser warrants that there is no existing judgment noted against his name which would preclude any financial institution from approving his loan application. 3.4 The balance of the purchase price, as referred to in Clause 3.1.3, shall be paid, in cash, into the Conveyancers Trust Account, or shall be secured by such guarantee or guarantees as the Seller may require, which cash or guarantee/s shall be paid to / lodged with the Conveyancers within 14 (Fourteen) days of written request therefor by the Conveyancers. 3.5 The Purchaser hereby instructs and authorizes the Conveyancers to invest (subject to clause 7.3.4), in terms of Section 78 (2A) of the Attorneys Act, Act 53 of 1979 (as amended), any monies paid by him or on his behalf in terms of this Agreement, in an interest bearing account, account pending registration of transfer, or cancellation in terms of Clause 9, as the case may be, interest so accrued for the benefit of the Purchaser. 3.6 It is recorded that the Seller is IS / IS NOT a VAT vendor (with VAT registration number 3.7 Unless otherwise provided, all payments hereunder shall be made without deduction or demand to the Seller at the offices of the Conveyancers. All bank charges incurred by the Conveyancers in connection with this transaction shall be for the account of the Purchaser.

Purchase Price and Method of Payment. 3.1 The purchase price for the Property shall be R , which shall be inclusive of VAT and which shall be payable in the following manner: 3.1.1 Cash deposit R in terms of Clause 3.2 below 3.1.2 Loan R in terms of Clause 3.3 below 3.1.3 Cash balance R in terms of Clause 3.4 below 3.2 The deposit referred to in Clause 3.1.1 is to be paid to the Conveyancers within 7 (Seven) days of acceptance of this agreement by the seller, into the following trust account: Berrange Incorporated Trust Account Bank: Nedbank Limited Branch code: 134 025 Account number: 134 036 9362 Reference : Erf (Erf number) Howick/ (Surname) Xxx Xxxxxx/surname Should same not be paid, in full, within the said 7 (Seven) day period, this agreement shall lapse, without further notice, with immediate effect. In this event, any part payment made towards the deposit shall be forfeited to the seller as envisaged in clause 9.1.2 below. 3.3 The amount referred to in Clause 3.1.2 shall be paid to the Seller upon registration of transfer and shall be provided by the raising of a bank loan on the security of the property hereby sold. This entire agreement is subject to the condition that the Purchaser is able to arrange a loan in the amount referred to in clause 3.1.2, in principle, on usual bank terms and conditions, within 30 (Thirty) days of signature hereof by the Seller. The Purchaser agrees and undertakes to take all steps and sign all documents reasonably necessary to give effect to this clause. 3.3.1 Should such loan not be granted in principle by due date, this agreement shall automatically fail and be of no further force or effect whatsoever. 3.3.2 The condition contained in Clause 3.3 has been inserted for the benefit of the Purchaser, and can be waived by him provided that such waiver is contained in writing and lodged with the Agents before the date referred to above. 3.3.3 The Purchaser undertakes to lodge with the Conveyancers, bank guarantees for payment of the sum referred to in Clause 3.1.2 within 14 (Fourteen) days of written request therefore by the Conveyancers and, within a further 7 (Seven) days, to take all such steps as may be necessary to enable the attorneys attending to the registration of the bond, to lodge their documents in the Pietermaritzburg Deeds Registry. 3.3.4 The Purchaser warrants that he is aware of the financial requirements of the bank relating to the mortgage bond that is to be applied for, and undertakes, to the best of his ability, to immediately provide, upon request by the relevant bank concerned, all information and other documentation which may be required by it in order to approve his loan application. 3.3.5 The Purchaser warrants that there is no existing judgment noted against his name which would preclude any financial institution from approving his loan application. 3.4 The balance of the purchase price, as referred to in Clause 3.1.3, shall be paid, in cash, into the Conveyancers Trust Account, or shall be secured by such guarantee or guarantees as the Seller may require, which cash or guarantee/s shall be paid to / lodged with the Conveyancers within 14 (Fourteen) days of written request therefor by the Conveyancers. 3.5 The Purchaser hereby instructs and authorizes the Conveyancers to invest (subject to clause 7.3.4), in terms of Section 78 (2A) of the Attorneys Act, Act 53 of 1979 (as amended), any monies paid by him or on his behalf in terms of this Agreement, in an interest bearing account, account pending registration of transfer, or cancellation in terms of Clause 9, as the case may be, interest so accrued for the benefit of the Purchaser. 3.6 It is recorded that the Seller is a VAT vendor (with VAT registration numbernumber 4600221487) for the purposes of the sale of the Property in terms of this agreement, and therefore the Total Consideration, referred to in clause 3.1 includes Value Added Tax, at the current rate of 14% (Fourteen Percent). The parties agree that, should there be any change in the Value Added Tax rate applicable at the time of supply, as determined in accordance with the Value Added Tax 89 of 1991, the purchase price shall be amended to take into account the adjustment in the Value Added Tax rate. 3.7 Unless otherwise provided, all payments hereunder shall be made without deduction or demand to the Seller at the offices of the Conveyancers. All bank charges incurred by the Conveyancers in connection with this transaction shall be for the account of the Purchaser.