Common use of SALE OF PURCHASER'S PROPERTY Clause in Contracts

SALE OF PURCHASER'S PROPERTY. 20.1 In the event that Item E4 of the Schedule of Details has been completed, then this Agreement is, in addition to any applicable conditions under clause 4.1 above, subject to the Purchaser conclusively selling his property for an amount and by the date as reflected in Item E4 of the Schedule of Details, failing which this Agreement shall be of no force and effect. 20.2 If the Purchaser conclusively sells his property in accordance with clause 20.1 above read in conjunction with Item E4 of the Schedule of Details, then the Purchaser shall, within 30 (thirty) calendar days of that conclusive sale, deliver guarantees to the Conveyancers, in a form acceptable to the Conveyancers and expressed to be payable on the Date of Transfer, for the amount of the proceeds of that sale and which proceeds shall be paid toward the balance of the purchase price in terms of this Agreement. 20.3 If the Purchaser has already conclusively sold the property reflected in Item E4 of the Schedule of Details prior to the Date of Signature of this Agreement, then the guarantees, in a form acceptable to the Conveyancers and expressed to be payable on the Date of Transfer for the amount of the proceeds of that sale and which proceeds shall be paid toward the balance of the purchase price in terms of this Agreement, shall be delivered to the Conveyancers within 30 (thirty) calendar days from the Date of Signature of this Agreement.

SALE OF PURCHASER'S PROPERTY. 20.1 21.1 In the event that Item E4 of the Schedule of Details has been completed, then this Agreement is, in addition to any applicable conditions under clause 4.1 above, subject to the Purchaser conclusively selling his property for an amount and by the date as reflected in Item E4 of the Schedule of Details, failing which this Agreement shall be of no force and effect. 20.2 21.2 If the Purchaser conclusively sells his property in accordance with clause 20.1 21.1 above read in conjunction with Item E4 of the Schedule of Details, then the Purchaser shall, within 30 (thirty) calendar days of that conclusive sale, deliver guarantees to the Conveyancers, in a form acceptable to the Conveyancers and expressed to be payable on the Date of Transfer, for the amount of the proceeds of that sale and which proceeds shall be paid toward the balance of the purchase price in terms of this Agreement. 20.3 21.3 If the Purchaser has already conclusively sold the property reflected in Item E4 of the Schedule of Details prior to the Date of Signature of this Agreement, then the guarantees, in a form acceptable to the Conveyancers and expressed to be payable on the Date of Transfer for the amount of the proceeds of that sale and which proceeds shall be paid toward the balance of the purchase price in terms of this Agreement, shall be delivered to the Conveyancers within 30 (thirty) calendar days from the Date of Signature of this Agreement.. To be initialled by: