Occupational Interest definition

Occupational Interest means an amount equal to the Prime Overdraft Rate, calculated pro rata per month on the Purchase Price;

Occupational Interest means the amount described in clause 4.2;

Occupational Interest means the occupational interest in 20 of the schedule;

Examples of Occupational Interest in a sentence

• The Purchaser shall, despite a delay in transfer, be obliged to pay the Occupational Interest provided for in clause 4.2 above and clause 18.6 below to the Seller via EFT upon monthly request by the Seller for such payment.

• The Purchaser shall, despite a delay in transfer, be obliged to pay the Occupational Interest provided for in clause 4.2 above and clause 18.6 below to the Seller via EFT upon request by the Seller for such payment.

• The Purchaser's obligations to pay Occupational Interest, Interim Levies and Levies, as the case may be, shall remain, and be unaffected by any delay occasioned by the above.

• Occupational Interest Inventory can be a point of reference for career guidance processes, helping candidates to make informed decisions about their career.

• It is recorded that the Occupational Interest has been determined on the basis of the parties understanding that VAT is not payable in respect thereof.

More Definitions of Occupational Interest

Occupational Interest means the amount payable by the Purchaser to the Seller from Occupation Date to the Transfer Date, see clauses 10. and 11 of the information schedule;

Occupational Interest means 0.75% of the selling price per month;

Occupational Interest means the amount described in 4.2 of the IS;

Occupational Interest means an amount equal to 1% (One) per month, calculated pro rata per month on the Purchase Price;

Occupational Interest means the interest or amount to be paid by the Purchaser to the Seller if and to the extent the Purchaser takes Occupation of the Unit prior to the Transfer Date, which occupational interest will be an amount equal to the Purchase Price multiplied by the Prime Rate for the prorated period the Purchaser has Occupation, being from the Occupation Date until the Transfer Date;

Occupational Interest means the occupational interest which the PURCHASER will pay to the SELLER as from the occupation date and calculated at 0.75% on the purchase price per month (pro rata);

Occupational Interest means the amount stipulated in Clause 6 of the Covering Schedule;