TITLE CONDITIONS AND CONDITIONS OF PROPERTY Sample Clauses

TITLE CONDITIONS AND CONDITIONS OF PROPERTY. 6.1 The parties specifically record, as contemplated in Section 55(6) of the Consumer Protection Act, that the purchaser has been expressly informed: 6.1.1 that earthworks to create building platforms, potentially affecting ground conditions for construction purposes, have been carried out on the property; 6.1.2 that excavation work was done along the southern- and western boundaries of the development area and that Löffelstein block xxxxxxx was installed in these areas, which may encroach on the buildable area of properties in these areas; and 6.1.3 that the boundary wall which encloses the development encroaches on Xxxxx 16772 – 16783 and Xxxxx 16785 – 16792 on the General Plan and that detailed information of such works and/or encroachment has been made available to the purchaser.
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TITLE CONDITIONS AND CONDITIONS OF PROPERTY. 6.1 The Property is sold subject to: 6.1.1 All such conditions as are mentioned and/or referred to in the title deed/s relating to the Property; and 6.1.2 Such conditions as may have been or may hereafter be imposed by the competent authorities upon approval of the rezoning and subdivision of the development land, which conditions have been made available to the Purchaser. 6.2 The xxxxx on the General Plan are furthermore sold subject to a storm water- & sewer pipeline servitudes, which servitudes are indicated on the General Plan. These servitudes will be notarially registered at the Seller’s cost over the Property, simultaneously with Transfer, in favour of the Association, who will become the registered owner of the private open spaces as contemplated in clause 17. 6.3 If upon the final survey of the Property the extent of the Property is found to be greater than the extent as set out in the schedule and/or depicted on the General Plan, the Purchaser shall not be liable for any excess. Conversely, if the extent thereof is found to be less than the extent as set out in the schedule and/or depicted on the General Plan, the Seller shall not be liable for any shortfall. The provisions of this clause are subject thereto that if the final, surveyed extent of the Property is less than 90% (ninety percent) of the provisional extent recorded in the schedule, the Purchaser, entirely within his election and within 7 (seven) days of being notified thereof, shall be entitled to resile from this Agreement by giving written notice to such effect to the Seller. Should the Purchaser exercise this right to resile, this Agreement will be cancelled and the Parties shall be restored as near as may be possible to the position each would have been in if this Agreement had not been entered into at all. 6.4 It is one of the Conditions of Subdivision of the Development that the Purchaser accepts the existing wine cellar, the agricultural activities and a general boutique commercial portion of the Property zoned as “Agricultural Zone I” and “Agricultural Zone II” and “Development Commercial Zone”, which may impact upon the Purchaser. 6.5 The Purchaser acknowledges that the Seller may in future require access and/or services servitudes to be registered over the Private Open Spaces in favour of adjoining xxxxx, in order to accommodate the proper functioning of the Development as a whole. In order to enable the Seller to register the said servitudes, the Purchaser hereby agrees and ...
TITLE CONDITIONS AND CONDITIONS OF PROPERTY. 6.1 The parties specifically record, as contemplated in Section 55(6) of the Consumer Protection Act, that the purchaser has been expressly informed: 6.1.1 that earthworks to create building platforms, potentially affecting ground conditions for construction purposes, have been carried out on the property; and 6.1.2 that excavation work was done along the southern- and western boundaries of development area and that Löffelstein block xxxxxxx was installed in these areas, which may encroach on the buildable area of properties in these areas and that detailed information of such works has been made available to the purchaser.

Related to TITLE CONDITIONS AND CONDITIONS OF PROPERTY

  • TITLE CONDITIONS The following special conditions imposed by Combined Developers (Pty) Ltd in its favour and the favour of the HOA, will be registered against the title deed of the Property, namely:

  • Additional Conditions to Obligations of Seller The obligation of Seller to effect the Merger is subject to the satisfaction of each of the following conditions, any of which may be waived, in writing, exclusively by Seller:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER The obligation of Seller to consummate the transactions contemplated by this Agreement shall be subject to the satisfaction, on or before the Closing Date hereunder, of each of the following conditions, all or any of which may be waived, in whole or in part, by Seller.

  • Seller’s Conditions Notwithstanding any other provision of this Agreement, the obligation of Seller to consummate the Transactions shall be subject to and conditioned upon the following: (i) Buyer’s representations and warranties being true and correct in all material respects as of the Closing and Buyer shall have delivered all documents required to be delivered by Buyer pursuant to Paragraph 5(b) below. (ii) The satisfaction of the [REDACTED] Waiver Condition. In the event the [REDACTED] Waiver Condition is not satisfied at or prior to Closing, then Seller may elect to either (a) terminate this Agreement with respect to the Commerce Property (but not the other Properties), in which event the Purchase Price shall be reduced by the Allocated Purchase Price for the Commerce Property, neither party shall have any further liability or obligation under this Agreement with respect to the Commerce Property (except for the provisions of this Agreement which recite that they survive termination), and the Closing shall proceed with respect to all other Properties, or (b) elect to continue this Agreement in full force and effect with respect to the Commerce Property. If any condition to Seller’s obligation to proceed with the Closing hereunder has not been satisfied as of the Closing Date or other applicable date (other than the condition to Closing set forth in Paragraph 3(g)(ii) for which Seller’s rights for such failure of the condition to Closing are set forth therein), Seller shall have the right to (i) nevertheless proceed to Closing, notwithstanding the non-satisfaction of such condition, in which event Seller shall be conclusively deemed to have waived any such condition, or (ii) terminate this Agreement upon written notice to Buyer prior to Closing, in which case the provisions of Paragraph 3(f) shall apply.

  • Conditions Precedent to Obligations of Sellers The obligations of Sellers to consummate the transactions contemplated by this Agreement are subject to the satisfaction (or waiver by Sellers’ Representative in writing) of the following conditions as of the Closing Date:

  • Additional Conditions to Obligations of Buyer The obligation of Buyer to effect the Closing is subject to the satisfaction of each of the following conditions on or prior to the Closing Date, any of which may be waived in whole or in part in writing exclusively by Buyer:

  • Additional Conditions to Obligations of Company The obligation of Company to consummate and effect the Merger shall be subject to the satisfaction at or prior to the Closing Date of each of the following conditions, any of which may be waived, in writing, exclusively by Company:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF THE BUYER The obligations of the Buyer to consummate the transactions contemplated by this Agreement are subject to the satisfaction (or waiver by the Buyer in writing) of the following conditions as of the Closing Date:

  • SPECIAL CONDITIONS OF CONTRACT The following Special Conditions of Contract (SCC) shall supplement and/or amend the General Conditions of Contract (GCC).Whenever there is a conflict, the provisions herein shall prevail over those in the GCC.

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER The obligations of Buyer under this Agreement shall, at the option of Buyer, be subject to the satisfaction, on or prior to the Closing Date, of the following conditions:

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