Common use of TRANSFER AND TRANSFER COSTS Clause in Contracts

TRANSFER AND TRANSFER COSTS. 9.1 Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5.1.2 above and paid the Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date. 9.2 In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2 (Two)% calculated on the Total Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered, up to the Transfer Date. 9.3 The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property the Purchaser shall pay all costs in respect of the registration of such a mortgage bond, including the Initiation Fee as referred to in Clause 2.7.28 of this Agreement. INITIAL 9.4 The Purchaser shall not be entitled to delay transfer or withhold any monies by virtue of the fact that any improvements of any of the xxxxx comprising the Development, is not fully completed on the date that transfer is tendered to him. 9.5 The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions from SARS.

TRANSFER AND TRANSFER COSTS. 9.1 9.1. Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Reservation Deposit, delivered the guarantee referred to in Clause 5.1.2 above and paid the Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date. 9.2 9.2. In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2 2% (Two)% Two) calculated on the Total Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered, up to the Transfer Date. 9.3 9.3. The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to must register a mortgage bond over the Property the Purchaser Seller shall pay all costs in respect of the registration of such a mortgage bond, including excluding the Initiation Fee as referred to in Clause 2.7.28 of this Agreement. INITIAL 9.4 The Fee, provided the bond is registered by the Transferring Attorneys, failing which, the Purchaser shall not will be entitled to delay transfer or withhold any monies by virtue liable for the payment of the fact that any improvements of any of bond registration fees plus the xxxxx comprising the Development, is not fully completed on the date that transfer is tendered to himInitiation Fee. 9.5 9.4. The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions from SARS.

TRANSFER AND TRANSFER COSTS. 9.1 Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5.1.2 5.1.2(b) above and paid the Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date. 9.2 In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2 2% (Two)% Two) calculated on the Total Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered, up to the Transfer Date. 9.3 The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property Property, the Purchaser shall pay all costs in respect of the registration of such a mortgage bond, including the Initiation Fee as referred to in Clause 2.7.28 1.1.30 of this Agreement. INITIAL, provided that the Seller will be liable for the payment of the bond registration fees, excluding the Initiation Fee, subject to the conditions that the Purchaser utilize the services of the Bond Broker as referred to in Clause 8 of the Covering Schedule and the bond registration is allocated by the relevant financial institution to the Seller’s preferred bond registration attorneys, being the Transferring Attorneys mentioned in Clause 7 of the Covering Schedule. 9.4 The Purchaser shall not be entitled to delay transfer or withhold any monies by virtue of the fact that any improvements of any of the xxxxx comprising the Development, is not fully completed on the date that transfer is tendered to him. 9.5 The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions from SARS.

TRANSFER AND TRANSFER COSTS. 9.1 9.1. Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5.1.2 above and paid the Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date. 9.2 9.2. In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2 (Two)% Two) % calculated on the Total Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered, registered up to the Transfer Date. 9.3 9.3. The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement, to the Transferring Attorneys. If the Purchaser has to must register a mortgage bond over the Property Property, the Purchaser shall pay all costs in respect of the registration of such a mortgage bond, including the Initiation Fee as referred to in Clause 2.7.28 2.7.20 of this Agreement. 9.4. INITIAL 9.4 The Purchaser shall not be entitled to delay transfer or withhold any monies by virtue of the fact that any improvements of any of the xxxxx comprising the Development, is or any portion of the Common Property, are not fully completed on the date that transfer is tendered to him. 9.5 9.5. The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions from SARSexemptions.

TRANSFER AND TRANSFER COSTS. 9.1 9.1. Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5.1.2 above and paid the Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date. 9.2 9.2. In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2 2% (Two)% Two) calculated on the Total Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered, up to the Transfer Date. 9.3 9.3. The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property Property, the Purchaser shall pay all costs in respect of the registration of such a mortgage bond, including the Initiation Fee as referred to in Clause 2.7.28 2.7.30 of this Agreement. INITIAL 9.4 The Purchaser shall not , provided that the Seller will be entitled to delay transfer or withhold any monies by virtue liable for the payment of the fact bond registration fees, excluding the Initiation Fee, subject to the conditions that any improvements of any the Purchaser utilize the services of the xxxxx comprising Bond Broker as referred to in Clause 8 of the Development, Covering Schedule and the bond registration is not fully completed on allocated by the date that transfer is tendered relevant financial institution to himthe Seller’s preferred bond registration attorneys. 9.5 9.4. The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions from SARS.

TRANSFER AND TRANSFER COSTS. 9.1 9.1. Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5.1.2 above and paid the Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date. 9.2 9.2. In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2 2% (Two)% Two) calculated on the Total Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered, up to the Transfer Date. 9.3 9.3. The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property Property, the Purchaser shall pay all costs in respect of the registration of such a mortgage bond, including the Initiation Fee as referred to in Clause 2.7.28 2.7.30 of this Agreement. INITIAL 9.4 The Purchaser shall not be entitled to delay transfer or withhold any monies by virtue utilize the services of the fact that any improvements of any Bond Broker as referred to in Clause 8 of the xxxxx comprising Covering Schedule and ensure that the Development, bond registration is not fully completed on allocated by the date that transfer is tendered relevant financial institution to himthe Developer’s preferred bond registration attorneys. 9.5 9.4. The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions from SARS.

TRANSFER AND TRANSFER COSTS. 9.1 ‌ 8.1 Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5.1.2 above and paid the Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Occupation Date. 9.2 In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2 (Two)% calculated on the Total Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered, up to the Transfer Date. 9.3 8.2 The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property the Purchaser Seller shall pay all costs in respect of the registration of such a mortgage bond, including excluding the Initiation Fee Fee, which fee will be for the account of the Purchaser, subject to the following conditions: 8.2.1 the mortgage bond is granted by ABSA Bank Ltd, FirstRand Bank Ltd, Nedcor Bank Ltd, Standard Bank Ltd, SA Home Loans or Housing Investment Partners as referred the Purchaser's financial institution of choice, and 8.2.2 the registration of the mortgage bond is effected by the Transferring Attorneys, and 8.2.3 the mortgage bond was procured by the Bond Broker, 8.3 If Clauses 8.2.1 to in Clause 2.7.28 8.2.3 are not complied with, all transfer and bond registration fees will be for the account of this Agreement. INITIALthe Purchaser. 9.4 8.4 The Purchaser shall not be entitled to delay transfer or withhold any monies by virtue of the fact that any improvements of any of the xxxxx comprising the Development, is not fully completed on the date that transfer is tendered to him. 9.5 8.5 The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions from SARSexemptions.

TRANSFER AND TRANSFER COSTS. 9.1 9.1. Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5.1.2 above and paid the Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date. 9.2 9.2. In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2 (Two)% Two) % calculated on the Total Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered, registered up to the Transfer Date. 9.3 9.3. The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property the Purchaser shall pay all costs in respect of the registration of such a mortgage bond, including the Initiation Fee as referred to in Clause 2.7.28 2.7.18 of this Agreement. 9.4. INITIAL 9.4 The Purchaser shall not be entitled to delay transfer or withhold any monies by virtue of the fact that any improvements of any of the xxxxx comprising the Development, is or any portion of the Common Property, are not fully completed on the date that transfer is tendered to him. 9.5 9.5. The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions from SARS.exemptions

TRANSFER AND TRANSFER COSTS. 9.1 8.1. Provided the Purchaser has complied with all his obligations as set out in this Agreement and in particular has paid the Deposit, delivered the guarantee referred to in Clause 5.1.2 above and paid the Occupational Interest, Levies and any other amounts owing in terms of this Agreement, registration of transfer of the Property shall be given by the Seller and taken by the Purchaser as close as possible to the Transfer Date. 9.2 In the event that registration of transfer of the Property and/or, where applicable, registration of a mortgage bond, is delayed or frustrated by any act or omission of the Purchaser, the Purchaser shall pay to the Seller interest calculated at the Prime Overdraft Rate plus 2 (Two)% calculated on the Total Purchase Price from the date on which the transfer would, but for such delay, otherwise have been registered, up to the Transfer Date. 9.3 8.2. The Seller shall be liable for and shall on demand pay to the Transferring Attorneys any transfer fees plus VAT that may be payable by reason of this Agreement. If the Purchaser has to register a mortgage bond over the Property the Purchaser Seller shall pay all costs in respect of the registration of such a mortgage bond, including excluding the Initiation Fee as referred to in Clause 2.7.28 2.7.27 of this Agreement, which fee will be for the account of the Purchaser, subject to the following conditions: 8.2.1. the mortgage bond is granted by ABSA Bank Ltd, Firstrand Bank Ltd, Nedcor Bank Ltd or Standard Bank Ltd as the Purchaser's financial institution of choice, and 8.2.2. the registration of the mortgage bond is effected by the Transferring Attorneys, and 8.2.3. the mortgage bond was procured by the Bond Broker, INITIAL 9.4 8.3. If Clauses 8.2.1 to 8.2.3 are not complied with, all transfer and bond registration fees will be for the account of the Purchaser. 8.4. The Purchaser shall not be entitled to delay transfer or withhold any monies by virtue of the fact that any improvements of any of the xxxxx comprising Sections in or portion of the DevelopmentBuilding, is or any portion of the Common Property, are not fully completed on the date that transfer is tendered to him. 9.5 8.5. The Parties irrevocably authorizes the Transferring Attorneys to sign all necessary declarations and applications on their behalf to enable them to obtain the necessary transfer duty exemptions from SARSas well as the opening of the Sectional Title Register for the Development in the Cape Town Deeds Registry.