Sale of property (delete where not applicable. 2.2.1 Purchase Price to come from the sale of the Purchaser’s property already sold
Sale of property (delete where not applicable. 2.2.1 Purchase Price to come from the sale of the Purchaser’s property already sold.
2.2.1 Purchase Price to come from the conditional sale of the Purchaser’s property already sold.
2.2.1 Sale subject to the Sale of the Purchaser’s property
2.2.2 This Contract is also subject to the Purchaser’s conveyancers effecting registration of transfer of the existing property within 60 (sixty) days of the sale becoming a conclusive sale.
2.2.3 In the event of the Seller receiving any other written offer which is not subject to the sale of another property from a bona fide third party, before the sale of the Purchaser’s existing property becomes conclusive, which offer the Seller wishes to accept, the Seller shall by written notice advise the Purchaser of such offer and the Purchaser shall within 48 (forty eight) hours of receipt of such notice waive the suspensive conditions in this clause in writing to the Conveyancers failing which the Seller shall be entitled to accept the offer from the new Purchaser in which event this offer shall fall away and be of no further force or effect.
Sale of property (delete where not applicable. 2.2.1 Purchase Price to come from the sale of the Purchaser’s property already sold.
2.2.2 Purchase Price to come from the conditional sale of the Purchaser’s property already sold.
2.2.3 Sale subject to the Sale of the Purchaser’s property.
2.2.4 This Contract is also subject to the Purchaser’s conveyancers effecting registration of transfer of the existing property within 60 (sixty) days of the sale becoming a conclusive sale.
2.2.5 In the event of the Seller receiving any other written offer which is not subject to the sale of another property from a bona fide third party, before the sale of the Purchaser’s existing property becomes conclusive, which offer the Seller wishes to accept, the Seller shall by written notice advise the Purchaser of such offer and the Purchaser shall within 48 (forty eight) hours of receipt of such notice waive the suspensive conditions in this clause in writing to the Conveyancers failing which the Seller shall be entitled to accept the offer from the new Purchaser in which event this offer shall fall away and be of no further force or effect.
2.2.6 It is recorded that the suspensive condition contained in 2.1 and/or 2.2 was inserted for the benefit of the Purchaser.
2.2.7 The Purchaser may elect to waive compliance with the suspensive condition by giving written notice to the Seller within the time period afforded to the Purchaser as referred to in 2.1 and/or 2.2 above.
2.2.8 Upon delivery of such notice of waiver, the suspensive condition shall be deemed to have been fulfilled and the Contract shall be of full force and effect.
2.2.9 Should the suspensive condition referred to in 2.1 and/or 2.2 not be fulfilled within the prescribed time periods aforesaid and the period for fulfilment thereof not be extended in writing by the parties, then the Contract shall lapse and in that event the parties shall be obliged to restore each other to the status quo ante as at the Date of Signature.
