Common use of XXXX INTEREST Clause in Contracts

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. 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 Investec 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. 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 xxxxmora, 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.