Common use of Resales Clause in Contracts

Resales. 20.1 Until such time as the Seller has sold all the plots in the development, the Purchaser is not allowed to sell or in any way dispose of the plot purchased in this agreement, except in favour of the Bank where the Purchaser has breached the loan agreement with the Bank. The Seller may however give the Purchaser written authority to sell before that date has arrived. 20.2 The Purchaser shall ensure and warrants that any subsequent agreement relating to the sale, alienation or disposal of the plot, shall contain this clause. Notwithstanding any such resale, the Purchaser shall ensure that his guarantees (or finances) shall remain available and in place at all times, and shall be obliged to take transfer of his plot. The Purchaser shall not be entitled to pass transfer to his purchaser simultaneously when taking transfer his plot. SIGNED at on this day of 201 , for and behalf of THE PURCHASER who warrants that he/she is duly authorised thereto. Full name Signature Capacity of signatory ID Number of signatory

Resales. 20.1 Until such time as the Seller has sold all the plots in the development, the Purchaser is not allowed to sell or in any way dispose of the plot purchased in this agreement, except in favour of the Bank where the Purchaser has breached the loan agreement with the Bank. The Seller may however give the Purchaser written authority to sell before that date has arrived. 20.2 The Purchaser shall ensure and warrants that any subsequent agreement relating to the sale, alienation or disposal of the plot, shall contain this clause. Notwithstanding any such resale, the Purchaser shall ensure that his guarantees (or finances) shall remain available and in place at all times, and shall be obliged to take transfer of his plot. The Purchaser shall not be entitled to pass transfer to his purchaser simultaneously when taking transfer of his plot. SIGNED at on this day of 201 20 , for and behalf of THE PURCHASER who warrants that he/she is duly authorised thereto. Full name Signature Capacity of signatory ID Number of signatory

Resales. 20.1 21.1 Until such time as the Seller has sold all the plots in the development, the Purchaser is not allowed to sell or in any way dispose of the plot purchased in this agreement, except in favour of the Bank where the Purchaser has breached the loan agreement with the Bank. The Seller may however give the Purchaser written authority to sell before that date has arrived. 20.2 21.2 The Purchaser shall ensure and warrants that any subsequent agreement relating to the sale, alienation or disposal of the plot, shall contain this clause. Notwithstanding any such resale, the Purchaser shall ensure that his guarantees (or finances) shall remain available and in place at all times, and shall be obliged to take transfer of his plot. The Purchaser shall not be entitled to pass transfer to his purchaser simultaneously when taking transfer his plot. SIGNED at on this day of 201 , for and behalf of THE PURCHASER who warrants that he/she is duly authorised thereto. Full name Signature Capacity of signatory ID Number of signatory

Resales. 20.1 Until such time as the Seller has sold all the plots in the development, the Purchaser is not allowed to sell or in any way dispose of the plot purchased in this agreement, except in favour of the Bank where the Purchaser has breached the loan agreement with the Bank. The Seller may however give the Purchaser written authority to sell before that date has arrived. 20.2 The Purchaser shall ensure and warrants that any subsequent agreement relating to the sale, alienation or disposal of the plot, shall contain this clause. Notwithstanding any such resale, the Purchaser shall ensure that his guarantees (or finances) shall remain available and in place at all times, and shall be obliged to take transfer of his plot. The Purchaser shall not be entitled to pass transfer to his purchaser simultaneously when taking transfer of his plot. SIGNED at on this day of 201 , for and behalf of THE PURCHASER who warrants that he/she is duly authorised thereto. Full name Signature Capacity of signatory ID Number of signatory.