RESOLUTIVE CONDITIONS. 18.1 The Purchaser acknowledges that the economic viability of the development of the Scheme depends largely on the response by the purchasing public to the advertising campaign launched by the Seller and/or the Agent in respect of the development. If the Seller is of the opinion that the development will not be financially viable or if the Seller has not managed to successfully sell a sufficient number of units in the Scheme and/or,
RESOLUTIVE CONDITIONS. 22.1 The Purchaser acknowledges that the economic viability of the development of the Scheme depends largely on the response by the purchasing public to the advertising campaign launched by the Seller and/or the Agent in respect of the development. In the event that the Seller is of the opinion that the development will not be financially viable or if the Seller has not managed to successfully sell a sufficient number of units in the Scheme, the Seller may give notice of the termination of this Agreement, in which event this Agreement shall immediately terminate and be null and void and the Purchaser shall be entitled to a refund of the Reservation Deposit and other amounts (if applicable) as contemplated in clause 24 below. The said notice to the Purchaser will be given by the Transferring Attorney by way of email or any other form of electronic message.
RESOLUTIVE CONDITIONS. (a) The Joint Venture will terminate unless the following resolutive conditions (the “Resolutive Conditions”) are satisfied on or before 30 June 2005 or any later date agreed in writing between the parties:
RESOLUTIVE CONDITIONS. The Purchaser acknowledges that the economic viability of the development of the Scheme depends largely on the response by the purchasing public to the advertising campaign launched by the Seller and/or the Agent in respect of the development. In the event that the Seller is of the opinion that the development will not be financially viable or if the Seller has not managed to successfully sell a sufficient number of units in the Scheme, the Seller may give notice of the termination of this Agreement, in which event this Agreement shall immediately terminate and be null and void and the Purchaser shall be entitled to a refund of the Reservation Deposit and other amounts (if applicable). The said notice to the Purchaser will be given by the Transferring Attorney by way of email or any other form of electronic message. The Seller may require finance for the acquisition and/or development of the Buildings and the Property in its discretion, for which the Seller shall apply for in due course when required. Should the Seller be unsuccessful in applying for such finance or insufficient finance is approved, the Seller may give notice of the termination of this Agreement, in which event this Agreement shall immediately terminate and be null and void. The said notice to the Purchaser will be given by the Transferring Attorney by way of E-mail or any other form of electronic message DEFAULT In the event of either of the Parties hereto (“the Defaulting Party”) committing a breach of any of the provisions of this agreement then the Aggrieved Party will be entitled to give the Defaulting Party 5 (five) business days' written notice to remedy such breach. Should the Defaulting Party fail to comply with such notice, the Aggrieved Party shall be entitled, without prejudice to any other rights and remedies that it may have in law, at its own option either to: Cancel this Agreement by giving the Defaulting party written notice of such cancellation and in the event: that this Agreement is cancelled due to a breach by the Purchaser of the terms and conditions of this Agreement:
RESOLUTIVE CONDITIONS. This agreement shall immediately bind the parties on signature thereof by the last signing party, but shall resolve with immediate effect with neither party having a claim against the other party:
RESOLUTIVE CONDITIONS. The Purchaser acknowledges that the economic viability of the development of the Scheme depends largely on the response by the purchasing public to the advertising campaign launched by the Seller and/or the Agent in respect of the development. In the event that the Seller is of the opinion that the development will not be financially viable or if the Seller has not managed to successfully sell a sufficient number of units in the Scheme, the Seller may give notice of the termination of this Agreement, in which event this Agreement shall immediately terminate and be null and void and the Purchaser shall be entitled to a refund of the Reservation Deposit and other amounts (if applicable). The said notice to the Purchaser will be given by the Transferring Attorney by way of email or any other form of electronic message. The Seller may require finance for the acquisition and/or development of the Buildings and the Property in its discretion, for which the Seller shall apply for in due course when required. Should the Seller be unsuccessful in applying for such finance or insufficient finance is approved, the Seller may give notice of the termination of this Agreement, in which event this Agreement shall immediately terminate and be null and void. The said notice to the Purchaser will be given by the Transferring Attorney by way of E-mail or any other form of electronic message.
RESOLUTIVE CONDITIONS. With resolutive conditions, it is stipulated that the agreement will terminate or fall away if some or other event occurs within a specified time period. An example is where a purchaser stipulates in the agreement of sale that the agreement will terminate if a national road is proclaimed next to the property or through the property within a certain time period. Where this to happen, the contract would terminate/lapse/fall away/be null and void. All these terms are indicative of a resolutive condition. CONSEQUENCES OF CONDITIONS
RESOLUTIVE CONDITIONS. 6.1 It is recorded that the PURCHASER and any Successor Purchaser will be obliged to take transfer of the Property subject to any and all conditions –
RESOLUTIVE CONDITIONS. 8.1 The Lessor reserves the right to terminate the Agreement with immediate effect, unilaterally and without judicial intervention, and to deny the Lessee access to the Rental Accommodation by changing the locks in the event of one of the following situations: - The Lessee has fallen more than eight days in arrears of payment of the rent; - The Lessee fails to comply with the rules and regulations of the park of which the Rental Accommodation forms part; - The Lessee fails to keep the Rented Accommodation in a clean and tidy condition and/or fails to treat with due care the Rented Accommodation or - the inventory, such to be established at the Lessor’s sole discretion; - The Lessor has established that the maximum number of persons permitted to stay at the Rental Accommodation is being exceeded.
RESOLUTIVE CONDITIONS. The Purchaser acknowledges that the economic viability of the development of the Scheme depends largely on the response by the purchasing public to the advertising campaign launched by the Seller and/or the Agent in respect of the Scheme and the subsequent approval of development finance. In the event that the Seller is of the opinion that the development of the Scheme will not be financially viable or if the Seller has not managed to successfully sell a sufficient number of units in the Scheme as the Seller in its sole discretion may require or should the Seller not obtain development finance to its satisfaction in respect of the development and establishment of the Scheme, the Seller may give notice of the termination of this Agreement, in which event this Agreement shall immediately terminate and be null and void, save for the Seller’s obligation to refund to the Purchaser the Reservation Deposit as contemplated below. For clarity purposes, this obligation of the Seller to refund the Reservation Deposit shall survive the termination of this Agreement.
