Transferring Attorney definition

Examples of Transferring Attorney in a sentence

• Interest earned on funds so invested will, subject to the provisions of section 86(5)(b) of the Legal Practice Act, accrue to the Purchaser and be paid to him on the Transfer Date after deduction of the investment fee due to the Transferring Attorney.

• No such fees will be payable by the Purchaser if the transfer and mortgage bond documentation are signed at the offices of the Transferring Attorney and the Bond Registration Attorney or at any of their branches in the country.

• However, should the financial institution which approves the Purchaser’s loan application on its own accord or at the request of the Purchaser appoint an attorney other than the Transferring Attorney to attend to the registration of the bond, the Purchaser shall be liable for the payment of the bond registration costs to such attorney.

• The Reservation Deposit shall be invested by the Transferring Attorney in an interest-bearing account as contemplated in section 86(4) of the Legal Practice Act until the same is paid to the Agent in accordance with the mandate given by the Purchaser to the Transferring Attorney in clause 23 below.

• The said notice to the Purchaser will be given by the Transferring Attorney by way of email.

• The Purchaser hereby acknowledges that owing to the complexities and interrelated steps involved in opening this development and registering title to it for all the prospective purchasers, it is beneficial and is in the best interests of the Purchaser that the Transferring Attorney attend to the registration of the transfer and any bond over the Subject Matter which may be required by the Purchaser.

• Upon request the Purchaser shall pay the amount to the trust account of the Transferring Attorney and the Purchaser hereby authorises the Transferring Attorney to pay the amount to the Bond Originator upon transfer of the Property.

• The Purchaser shall have no recourse against the Seller and/or the Transferring Attorney for the reimbursement of any monies paid over by the Transferring Attorney to the Agent in terms of his commission.

• Interest earned on the Reservation Deposit prior to payment thereof to the Agent will, subject to the provisions of section 86(5)(b) of the Legal Practice Act, accrue to the Purchaser and be paid to him on the Transfer Date after deduction of any investment fee which may be due to the Transferring Attorney.

• The Agent shall refund to the Purchaser’s nominated bank account that portion of the commission paid by the Transferring Attorney to the Agent as commission as contemplated in the Agent Commission clause.