CONTINUED MARKETING Sample Clauses
The Continued Marketing clause allows a seller to keep marketing a property to other potential buyers even after entering into a conditional agreement with a current buyer. Typically, this means that if the seller receives a more favorable offer, they can notify the original buyer, who then has a limited period to remove their conditions or risk losing the deal. This clause ensures the seller is not locked into a potentially uncertain transaction and can maximize their chances of selling the property under the best possible terms.
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CONTINUED MARKETING. 25.1 If this agreement is subject to the purchaser requiring mortgage loan finance, contemplated in clause 4.1 above, then:
25.1.1 The purchaser acknowledges that the seller shall be entitled to continue to market the property through the agent and accept other offers through the agent in respect of the property.
25.1.2 The seller shall be obliged to proceed with the first offer where all the suspensive conditions are fulfilled, and where written confirmation is received by the Conveyancer in this regard. All other accepted offers will thus be terminated, and the Parties reciprocally and irrevocably acknowledge that they shall have no further claims against one another arising out of these Agreements.
25.2 For purposes of clause 25.1.2 above, it will only be accepted that the bond approval suspensive condition (clause 4) has been fulfilled if all conditions attaching to such bond approval, given by the financial institution, has been complied with and such approval has therefore become unconditional.
CONTINUED MARKETING. Notwithstanding any other provisions of this agreement, it is agreed that the Seller may not continue marketing the Letting Enterprises or the Property by virtue of the fact that this agreement contains no suspensive conditions.
CONTINUED MARKETING. If this Agreement is subject to the fulfilment of conditions precedent in terms of clause 4, then:
CONTINUED MARKETING. The Seller may continue to market the Property until such time as the suspensive conditions contained in this Agreement have been fulfilled. Should the Seller, during this time, receive another offer to purchase the Property (“the Competing Offer”), which in the Seller’s sole and absolute discretion is a more acceptable offer, the Seller will have the right to call upon the Purchaser by notice in writing, to waive the suspensive conditions that this Agreement is subject to within 7 (seven) days, excluding Saturday, Sunday and Public, or such extended period as the Seller in their sole discretion may allow (“the Waiver Period”). SAMPLE
CONTINUED MARKETING. Listing Status will be changed to Active: Contingent on Sale. If Seller enters into such a Back-Up Agreement, Seller delivers to Buyer written notice of such Back-Up Agreement. Then Buyer shall have a period of business days/ hours after receipt of such notice with to respond to purchase pursuant to the terms of this Addendum. Upon receipt of such notice, and within the stated time Buyer may:
A. Deliver to Seller an unconditional written waiver of the Contingency, the date of closing shall be the date specified in the Agreement OR, in the alternative if specified, days after the removal of the contingency terminate the Agreement and receive a refund of all Xxxxxxx Money; or
B. Fail to respond within the time allowed, in which case Seller may terminate the Agreement at any time thereafter. Upon such termination, all Xxxxxxx Money shall be refunded to Buyer.
CONTINUED MARKETING. The Seller is entitled to proceed with the marketing of the property. Should the Seller receive an offer without any suspensive condition from a bona fide third party, the Seller will notify the Purchaser of the said offer. Should the purchaser fail to waive any suspensive condition, deliver acceptable guarantees and pay bond and transfer cost within 3 days from sending of the said notice to the Purchasers e-mail address, this contract shall lapse and be deemed to be null and void.
CONTINUED MARKETING. In the event that this agreement is subject to the purchaser requiring mortgage loan finance, contemplated in clause 4.1 above, then:
CONTINUED MARKETING. 22.1 In the event that this Agreement is subject to the Purchaser requiring mortgage loan finance (as contemplated in clause 6.1 above) then: -
22.1.1 The Purchaser acknowledges that the Seller shall be entitled to continue to market the Property, either through the Estate Agent, or on its own, and accept other offers, in respect of the Property.
22.1.2 The Seller shall be obliged to proceed with the first offer where all the suspensive conditions are fulfilled, and where written confirmation is received by the Conveyancer in this regard. All other accepted offers will thus be terminated and the Parties reciprocally and irrevocably acknowledge that they shall have no further claims against one another arising out of these Agreements.
CONTINUED MARKETING. If this Agreement is subject to the fulfilment of conditions precedent in terms of clause 4, then:
31.1.1 the Purchaser acknowledges that the Seller will be entitled to continue to market the Propertyand accept offers in respect of the Property
32.1.2 Should the Seller at any time prior to fulfilment of the conditions precedent in clause 4 receiveanother bona fide offer which it in its sole discretion wishes to accept then it shall notify the Purchaser thereof, in writing, of its intention to accept such offer (a copy of such offer shall simultaneously be shown to the Purchaser) and the Purchaser shall have 72 (seventy two) hours from receipt of such notification (excluding Saturdays, Sundays & public holidays) within which to waive, in writing, the benefit of all Conditions Precedent of this Agreement and to furnish the Seller with the guarantees required in terms of clause 5, as the case may be, whereupon this Agreement shall become final and binding. Should the Purchaser fail to so waive and fail to furnish the required guarantees then this Agreement shall lapse and be of nofurther force or effect.
CONTINUED MARKETING. Upon expiration of the Agreement or termination for breach, the breaching Party agrees to provide to the non-breaching Party all information, authorization and records necessary for the non-breaching Party to continue any joint marketing efforts, under Section 8 above, that it desires to pursue.