Common use of SECTION 112 OF THE COMPANIES ACT Clause in Contracts

SECTION 112 OF THE COMPANIES ACT. 22.1 It is recorded that the Seller and the Purchaser are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller is a company and if the Property constitutes either all or the greater part of the assets or the undertaking of the Seller, then the directors of the Seller shall not have the power, save by a special resolution of the shareholders of the Seller, to dispose of the Property.

SECTION 112 OF THE COMPANIES ACT. 22.1 17.1 It is recorded that the Seller and the Purchaser are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller is a company and if the Property Sale Object constitutes either all or the greater part of the assets or the undertaking of the Seller, then the directors of the Seller shall not have the power, save by a special resolution of the shareholders of the Seller, to dispose of the PropertySale Object.

SECTION 112 OF THE COMPANIES ACT. 22.1 20.1 It is recorded that the Seller and the Purchaser are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller is a company and if the Property property constitutes either all or the greater part of the assets or the undertaking of the Seller, then the directors of the Seller shall not have the power, save by a special resolution of the shareholders of the Seller, to dispose of the Propertyproperty.

SECTION 112 OF THE COMPANIES ACT. 22.1 19.1. It is recorded that the Seller SELLER and the Purchaser PURCHASER are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller SELLER is a company and if the Property PROPERTY constitutes either all or the greater part of the assets or the undertaking of the SellerSELLER, then the directors of the Seller SELLER shall not have the power, save by a special resolution of the shareholders of the SellerSELLER, to dispose of the PropertyPROPERTY.

SECTION 112 OF THE COMPANIES ACT. 22.1 17.1. It is recorded that the Seller SELLER and the Purchaser PURCHASER are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller SELLER is a company and if the Property PROPERTY constitutes either all or the greater part of the assets or the undertaking of the SellerSELLER, then the directors of the Seller SELLER shall not have the power, save by a special resolution of the shareholders of the SellerSELLER, to dispose of the PropertyPROPERTY.

SECTION 112 OF THE COMPANIES ACT. 22.1 17.1 It is recorded that the Seller SELLER and the Purchaser PURCHASER are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller SELLER is a company and if the Property PROPERTY constitutes either all or the greater part of the assets or the undertaking of the SellerSELLER, then the directors of the Seller SELLER shall not have the power, save by a special resolution of the shareholders of the SellerSELLER, to dispose of the PropertyPROPERTY.

SECTION 112 OF THE COMPANIES ACT. 22.1 15.1 It is recorded that the Seller SELLER and the Purchaser PURCHASER are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller SELLER is a company and if the Property PROPERTY constitutes either all or the greater part of the assets or the undertaking of the SellerSELLER, then the directors of the Seller SELLER shall not have the power, save by a special resolution of the shareholders of the SellerSELLER, to dispose of the PropertyPROPERTY.

SECTION 112 OF THE COMPANIES ACT. 22.1 16.1 It is recorded that the Seller SELLER and the Purchaser PURCHASER are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller SELLER is a company and if the Property PROPERTY constitutes either all or the greater part of the assets or the undertaking of the SellerSELLER, then the directors of the Seller SELLER shall not have the power, save by a special resolution of the shareholders of the SellerSELLER, to dispose of the PropertyPROPERTY.

SECTION 112 OF THE COMPANIES ACT. 22.1 19.1 It is recorded that the Seller SELLER and the Purchaser PURCHASER are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller SELLER is a company and if the Property PROPERTY constitutes either all or the greater part of the assets or the undertaking of the SellerSELLER, then the directors of the Seller SELLER shall not have the power, save by a special resolution of the shareholders of the SellerSELLER, to dispose of the PropertyPROPERTY.

SECTION 112 OF THE COMPANIES ACT. 22.1 19.1. It is recorded that the Seller SELLER and the Purchaser PURCHASER are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller SELLER is a company and if the Property PROPERTY constitutes either all or the greater part of the assets or the undertaking of the SellerSELLER, then the directors of the Seller SELLER shall not have the power, save by a special resolution of the shareholders of the SellerSELLER, to dispose of the PropertyPROPERTY.

SECTION 112 OF THE COMPANIES ACT. 22.1 23.1. It is recorded that the Seller SELLER and the Purchaser PURCHASER are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller SELLER is a company and if the Property PROPERTY constitutes either all or the greater part of the assets or the undertaking of the SellerSELLER, then the directors of the Seller SELLER shall not have the power, save by a special resolution of the shareholders of the SellerSELLER, to dispose of the PropertyPROPERTY.

SECTION 112 OF THE COMPANIES ACT. 22.1 18.1 It is recorded that the Seller SELLER and the Purchaser PURCHASER are aware of the provisions of Section 112 of the Companies Act 71 of 2008 (as amended) (“Section 112”), namely that if the Seller SELLER is a company and if the Property PROPERTY constitutes either all or the greater part of the assets or the undertaking of the SellerSELLER, then the directors of the Seller SELLER shall not have the power, save by a special resolution of the shareholders of the SellerSELLER, to dispose of the PropertyPROPERTY.