Common use of XXXX INTEREST Clause in Contracts

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. 5.2 For the purposes of Clause 5.1 the Purchaser shall be deemed to be responsible for any delay in the registration of transfer which is caused by failure on the part of the institution from which he obtains mortgage finance, or any conveyancer appointed by such institution, to procure the issue of guarantees as contemplated in Clause 3.3.3 or to lodge documents with the Registrar of Deeds when called upon to do so.

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 Limitedthe Seller’s Bankers, 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. 5.2 For the purposes of Clause 5.1 the Purchaser shall be deemed to be responsible for any delay in the registration of transfer which is caused by failure on the part of the institution from which he obtains mortgage finance, or any conveyancer appointed by such institution, institution to procure the issue of guarantees as contemplated in Clause 3.3.3 3.6.3 or to lodge documents with the Registrar of Deeds when called upon to do so.