Common use of SUSPENSIVE CONDITION Clause in Contracts

SUSPENSIVE CONDITION. This Agreement is subject to the following suspensive conditions, that – 4.1 within 21 (twenty one) days of the Signature Date (which date may be extended by the Seller in its sole discretion and without written notice to the Purchaser by a further period not exceeding 60 (sixty) days), the Purchaser will have – 4.1.1 been granted a loan, for the amount referred to in clause 3.1.3 above, by a financial institution, as may be agreed to in writing by the Seller, to be secured by a mortgage bond against the Property; or 4.1.2 deposited the amount referred to in clause 3.2 above, into the trust account of the Conveyancers, to be invested and paid in accordance with clause 3 of this Agreement;

Appears in 3 contracts

Samples: Sale Agreement, Sale Agreement, Agreement of Sale

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SUSPENSIVE CONDITION. This Agreement is subject to the following suspensive conditions, that – 4.1 5.1 within 21 (twenty twenty-one) days of the Signature Date (which date may be extended by the Seller in its sole discretion and without written notice to the Purchaser by a further period not exceeding 60 (sixty) days), the Purchaser will have – 4.1.1 5.1.1 been granted a loan, for the amount referred to in clause 3.1.3 above, by a financial institutionFinancial Institution, as may be agreed to in writing by the Seller, to be secured by a mortgage bond against the Property; or 4.1.2 5.1.2 deposited the amount referred to in clause 3.2 above, into the trust account of the Conveyancers, to be invested and paid in accordance with clause 3 of this Agreement;

Appears in 1 contract

Samples: Sale Agreement

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