Common use of REFUND TO THE PURCHASER Clause in Contracts

REFUND TO THE PURCHASER. 24.1 The PURCHASER shall be entitled to a refund of all amounts paid in lieu of the Reservation Deposit and the balance of the purchase price should this Agreement: 24.1.1 be cancelled due to the breach of this Agreement by the Seller; or 24.1.2 if the Seller decides not to open the Sectional Title Register as contemplated in clause 4.1. 24.2 The Agent shall refund to the Purchaser’s nominated bank account that portion of the commission paid by the Transferring Attorney to the Agent as commission as contemplated in the Agent Commission clause. 24.3 The Transferring Attorney shall refund to the Purchaser’s nominated bank account such amounts as remain in trust with the Transferring Attorney after deduction of a portion of the interest accrued liable to the Legal Practitioners’ Fidelity Fund in terms of Section 86(5)(b) of the Legal Practice Act and the attorney’s investment fee. 24.4 The Purchaser shall have no recourse against the Seller and/or the Transferring Attorney for the reimbursement of any monies paid over by the Transferring Attorney to the Agent in terms of his commission.

REFUND TO THE PURCHASER. 24.1 21.1 The PURCHASER shall be entitled to a refund of all amounts paid in lieu of the Reservation Deposit and the balance of the purchase price should this Agreement: 24.1.1 21.1.1 be cancelled due to the breach of this Agreement by the Seller; or 24.1.2 21.1.2 if the Seller decides not to open the Sectional Title Register as contemplated in clause 4.1. 24.2 21.2 The Agent shall refund to the Purchaser’s nominated bank account that portion of the commission paid by the Transferring Attorney to the Agent as commission as contemplated in the Agent Commission clause. 24.3 21.3 The Transferring Attorney shall refund to the Purchaser’s nominated bank account such amounts as remain in trust with the Transferring Attorney after deduction of a portion of the interest accrued liable to the Legal Practitioners’ Fidelity Fund in terms of Section 86(5)(b) of the Legal Practice Act and the attorney’s investment fee. 24.4 21.4 The Purchaser shall have no recourse against the Seller and/or the Transferring Attorney for the reimbursement of any monies paid over by the Transferring Attorney to the Agent in terms of his commission.