Common use of SUSPENSIVE CONDITION Clause in Contracts

SUSPENSIVE CONDITION. The contractual parties to this Agreement want to have the following condition and statements added to this Agreement: - 5.20.1 The contractual parties agree that they are in their right-mind and therefore capable to enter into this Agreement. 5.20.2 The contractual parties agree to work being done on the Estate. 5.20.3 The work is conditional to an occurrence, being that the responsible parties complete the work, as agreed in this Agreement. 5.20.4 The work will commence on the _______day of__________20___ and be completed on the _______day of 20___. 5.20.5 If the work is not completed by close of business on the date specified above, the responsible parties will be in breach of this Agreement. 5.20.1 The responsible parties will be fined a Penalty Levy equivalent of 1 (one) month presiding general xxxx, at the time for every month or pro-rate thereof, if the work is not completed on time, whereafter the work must be completed, as agreed, and/or; 5.20.2 The HOA/Estate and/or its representative(s) can cancel the Agreement, after giving 14 (fourteen) days written notice to the responsible parties and thereafter be entitled to recover damages.

SUSPENSIVE CONDITION. The contractual parties to this Agreement agreement want to have the following condition and statements added to this Agreement: -agreement: 5.20.1 5.23.1 The contractual parties agree that they are both in their right-mind and therefore capable to enter into this Agreementagreement. 5.20.2 5.23.2 The contractual parties agree contractor agrees to work being done on the EstateEstate and Owner of the Estate agrees to work being done. 5.20.3 5.23.3 The work sale is conditional to an occurrence, being that the responsible parties complete contractor completes the work, work as agreed in this Agreementagreement. 5.20.4 5.23.4 The work will commence on the _______day of__________20___ of 20 and be completed on the _______day of 20___20 . 5.20.5 5.23.5 If the work is not completed by close of business on the date specified above, the responsible parties contractor will be in breach of this Agreement.the contract. Breach of Clause 5.23: penalty 5.20.1 5.23.1 The responsible parties contractor will be fined a Penalty Levy penalty levy equivalent of 1 (one) month month’s presiding general xxxx, at the time for every month or pro-rate thereof, if the work is not completed on time, whereafter the work must be completed, as agreed, and/or; 5.20.2 5.23.2 The HOA/Estate and/or its representative(s) can cancel the Agreementagreement, after giving 14 (fourteen) days written notice to the responsible parties contractor and thereafter be entitled to recover damages.