XXXX INTEREST. In the event of the Purchaser failing to comply with any of his obligations or any terms or conditions of the Contract on due date or in the event of there being any delay in connection with the registration of transfer for which the Purchaser is responsible, the Purchaser hereby undertakes to pay interest on the full purchase price at the prime overdraft rate charged from time to time by the Seller’s bank plus 2%, calculated from the date upon which the Purchaser is notified in writing by the Seller, or the Seller’s agent, as being in xxxx, to the date upon which the Purchaser ceased being in xxxx, both days inclusive. The Purchaser shall be obliged to pay such penalty interest to the Conveyancers before registration of transfer. A certificate signed by the conveyancers confirming the amount of such interest shall be conclusive proof of the amount owing by the Purchaser to the Seller.
XXXX INTEREST. 5.1 In the event of there being any delay in connection with the registration of transfer for which the Purchaser is responsible, the Purchaser undertakes to pay interest on the full purchase price at the rate of 2% (Two Percent) per annum above the prime lending rate charged from time to time by Investec Bank Limited, calculated from the date that the Purchaser has been notified in writing by the Seller, the Seller's Agent or Conveyancers, as being in xxxx, to the date upon which the Purchaser has ceased to be in xxxx. The Purchaser shall be obliged to secure payment of such sums to the satisfaction of the Conveyancers before registration of transfer. The Certificate signed by the Conveyancers confirming the amount of such interest shall be conclusive proof of the amount owing by the Purchaser to the Seller.
XXXX INTEREST. In the event that transfer of the Unit is delayed by an act or omission on the part of the Purchaser, whether as a result of any failure to supply the Seller’s Attorney with information required by them, delays in the signing of transfer or bond documents, delays in the payment of transfer or bond registration costs or any delay in satisfying the requirements of the financial institution granting the loan or any other default on the part of the Purchaser, then the Purchaser shall be responsible for payment to the Seller of an increased occupational rental at a rate of interest as stipulated in Clause 1.1.9 above on the Purchase Price, from the date on which transfer would but for such delay have otherwise been registered to the date of the actual registration of transfer. For the purpose of this clause the Seller’s Attorney assessment of the date on which transfer would otherwise have been registered shall be binding upon the Purchaser unless the same is proved to be unreasonable.
XXXX INTEREST. 20.1 In the event of there being any delay in connection with the registration of transfer for which the Purchaser is responsible, the Purchaser agrees to pay interest on the full purchase price at the prime interest rate charged by the Standard Bank of South Africa Limited on mortgage bond facilities from time to time calculated from the date the Purchaser is notified in writing by the Seller (or the Seller’s agent) as being in xxxx, to the date upon which the Purchaser has ceased to be in xxxx, both days inclusive.
XXXX INTEREST. 22.1 In the event of there being any delay in connection with the DATE OF TRANSFER for which the PURCHASER is responsible, the PURCHASER agrees, in addition to any other payments due in terms of this AGREEMENT, to pay interest on the full (VAT inclusive) Purchase Price of the PROPERTY at the prime overdraft rate charged by Nedbank Limited from time to time calculated from the date the PURCHASER is notified in writing by the SELLER (or the SELLER's agent) as being in xxxx, to the date upon which the PURCHASER has ceased to be in xxxx, both days inclusive.
XXXX INTEREST. 13.1 Penalty interest shall be charged at 5% above the prime rate charged from time to time by Standard Bank of South Africa Limited ("the prime rate") on every amount payable by the Purchaser to the Developer in terms of this Agreement, should any such amount not be paid on due date whether such date is fixed in this Agreement or specified in a written demand made by or on behalf of the Developer to the Purchaser. Such penalty interest shall accrue from the due date for payment until the actual date of payment of such amount both days inclusive, and shall be paid by the Purchaser to the Developer prior to transfer of the Property.
XXXX INTEREST. 28.1 In the event of there being any delay in connection with the registration of transfer for which the Buyer is responsible, the Buyer agrees to pay interest on the full purchase price at the prime overdraft rate charged by Investec Bank (from time to time) plus 3% (three percent), calculated from the date the Buyer is notified in writing by the Seller (or the Seller's agent) as being in xxxx, to the date upon which the Buyer has ceased to be in xxxx, both days inclusive.
XXXX INTEREST. 15.1 In the event of there being any delay in connection with the registration of transfer for which the PURCHASER is responsible, the PURCHASER agrees, in addition to all other payments due in terms of this CONTRACT, to pay interest on the full purchase price (VAT Inclusive) at the prime overdraft rate charged by ABSA BANK LIMITED, from time to time, calculated from the date the PURCHASER is notified in writing by the SELLER, or the SELLER’S agent as being in xxxx, to the date upon which the PURCHASER has ceased to be in xxxx, both days inclusive.
XXXX INTEREST. If there is a delay in the registration of transfer of the Property for which the Purchaser is responsible, the Purchaser shall in addition to any Occupational Rental payable, compensate the Seller by way of an interest payment on the Purchase Price calculated at the rate of 15% per year, from the date on which the Purchaser receives written notice from the Seller or the Conveyancers as being in xxxx, to the date upon which the Purchaser ceases to be in xxxx.
XXXX INTEREST. In the event of there being a delay in connection with the registration of transfer for which either party is responsible, the party delaying shall compensate the other party by way of an interest payment on the PURCHASE PRICE calculated at the rate of 15% per annum reckoned from the date upon which the party delaying receives written notice from the other party or their agent/CONVEYANCER as being in Xxxx, to the date upon which the delaying party ceases to be in Xxxx.
