Common use of Sales Target Clause in Contracts

Sales Target. 15.2.1 If the Seller does not succeed in securing bankable pre-sales of 26 Units of the Units in the Scheme by no later than 31 January 2020 (“the target date”), the Seller shall have the right to cancel this agreement by giving written notice of the Seller’s election to cancel, which notice shall be given within 30 (thirty) calendar days after the expiry of the target date. For the sake of clarity it is recorded that a bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-sale requirements shall include (but not be limited to):

Sales Target. 15.2.1 If the Seller does not succeed in securing bankable pre-sales of 26 Units of the 30 Units in the Scheme by no later than 31 January 2020 1 February 2019 (“the target date”), the Seller shall have the right to cancel this agreement by giving written notice of the Seller’s election to cancel, which notice shall be given within 30 (thirty) calendar days after the expiry of the target date. For the sake of clarity it is recorded that a net value bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-sale requirements shall include (but not be limited to):

Sales Target. 15.2.1 If the Seller does not succeed in securing bankable pre-sales of 26 Units 45 units of the total number of Units in the Scheme (64) by no later than 31 January 2020 1 September 2019 (“the target date”), the Seller shall have the right to cancel this agreement by giving written notice of the Seller’s election to cancel, which notice shall be given within 30 50 (thirtyfifty) calendar days after the expiry of the target date. For the sake of clarity it is recorded that a bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-sale requirements shall include (but not be limited to):

Sales Target. 15.2.1 If the Seller does not succeed in securing bankable pre-sales of 26 77 Units of the Units in the Scheme by no later than 31 January 2020 1 June 2021 (“the target date”), the Seller shall have the right to cancel this agreement by giving written notice of the Seller’s election to cancel, which notice shall be given within 30 (thirty) calendar days after the expiry of the target date. For the sake of clarity it is recorded that a bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-sale requirements shall include (but not be limited to):

Sales Target. 15.2.1 If the Seller does not succeed in securing bankable pre-sales of 26 20 Units of the Units in the Scheme by no later than 31 January 2020 1 December 2022 (“the target date”), the Seller shall have the right to cancel this agreement by giving written notice of the Seller’s election to cancel, which notice shall be given within 30 (thirty) calendar days after the expiry of the target date. For the sake of clarity it is recorded that a bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-sale requirements shall include (but not be limited to):

Sales Target. 15.2.1 If the Seller does not succeed in securing bankable pre-sales of 26 Units 18 units of the total number of Units in the Scheme (25) by no later than 31 January 2020 1 March 2018 (“the target date”), the Seller shall have the right to cancel this agreement by giving written notice of the Seller’s election to cancel, which notice shall be given within 30 50 (thirtyfifty) calendar days after the expiry of the target date. For the sake of clarity it is recorded that a bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-Pre- sale requirements shall include (but not be limited to):

Sales Target. 15.2.1 If the Seller does not succeed in securing bankable pre-sales of 26 41 Units of the total number of Units in the Scheme (59) by no later than 31 January 2020 1 April 2018 (“the target date”), the Seller shall have the right to cancel this agreement by giving written notice of the Seller’s election to cancel, which notice shall be given within 30 40 (thirtyforty) calendar days after the expiry of the target date. For the sake of clarity it is recorded that a bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-sale requirements shall include (but not be limited to):

Sales Target. 15.2.1 If the Seller does not succeed in securing bankable pre-sales of 26 Units of the 6 Units in the Scheme by no later than 31 January 2020 1 February 2019 (“the target date”), the Seller shall have the right to cancel this agreement by giving written notice of the Seller’s election to cancel, which notice shall be given within 30 (thirty) calendar days after the expiry of the target date. For the sake of clarity it is recorded that a net value bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-sale requirements shall include (but not be limited to):

Sales Target. 15.2.1 If the Seller does not succeed in securing bankable pre-sales of 26 28 Units of the Units in the Scheme by no later than 31 January 1 April 2020 (“the target date”), the Seller shall have the right to cancel this agreement by giving written notice of the Seller’s election to cancel, which notice shall be given within 30 (thirty) calendar days after the expiry of the target date. For the sake of clarity it is recorded that a bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-sale requirements shall include (but not be limited to):

Sales Target. 15.2.1 If the Seller does not succeed in securing bankable pre-sales of 26 54 Units of the Units in the Scheme by no later than 31 January 2020 1 December 2022 (“the target date”), the Seller shall have the right to cancel this agreement by giving written notice of the Seller’s election to cancel, which notice shall be given within 30 (thirty) calendar days after the expiry of the target date. For the sake of clarity it is recorded that a bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-sale requirements shall include (but not be limited to):