Default Termination. a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including the Deposit shall be forfeited absolutely and immediately.
Appears in 160 contracts
Samples: Proclamation of Sale, Proclamation of Sale, Matter of Facilities Agreement
Default Termination. a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto including i ncluding the Deposit shall be forfeited absolutely and immediately.
Appears in 2 contracts
Samples: Proclamation of Sale, Matter of Loan Agreement
Default Termination. a. In the event that the Property has been sold contrary to or any person bids in contravention of the provisions in Clause 4 above, then such sale shall be cancelled and become null and void and of no further effect wherein all monies paid by the Purchaser hitherto h itherto including the Deposit shall be forfeited absolutely and immediately.
Appears in 1 contract
Samples: Facilities Agreement
