Common use of Multiple offers Clause in Contracts

Multiple offers. The Parties agree that the Seller, has accepted or may accept multiple Offers to Purchase on this Erf, before this contract’s finances has vested to the Sellers satisfaction. The seller shall inform the purchaser should he accept a further offer before the purchaser’s finances have vested. Where there is multiple offers “vested” shall be interpreted as the date upon which the Seller accepts a Purchaser as financially complying with the Financial Terms and Conditions of his Offer to Purchase and informing the acceptable Purchaser in writing that he accepts his/her offer as the Final Complying Agreement, and notifying all other competing offeror/s in writing, that they were unsuccessful due to their finances not vesting timeously. Where this sale is subject to the sale of the Purchaser’s property, or the Registration of his property to his Purchaser, the Purchaser must provide the Seller with Bankers Payment Guarantees to the seller’s satisfaction (or other acceptable guarantees to the Seller’s discretion) before this contract can qualify as a financially vested contract. Notice shall be communicated in accordance with Para 12 of this Agreement without giving notice to rectify as in clause 13. Seller shall have full discretion on deciding whether a Purchaser’s finances are acceptable to him and whether he accepts the Purchaser’s Proof of Compliance of the financial requirements of the Offer to Purchase and the Building Contract.

Multiple offers. The Parties agree that the SellerSeller has accepted, has accepted or may accept accept, multiple Offers to Purchase on this Erf, before this contract’s finances has have vested to the Sellers Seller’s satisfaction. The seller Seller shall inform the purchaser Purchaser should he accept a further offer before the purchaserPurchaser’s finances have vested. Where there is are multiple offers offers, “vested” shall be interpreted as the date upon which the Seller accepts a Purchaser as financially complying with the Financial Terms and Conditions of his Offer to Purchase and informing the acceptable successful Purchaser in writing that he he, the Seller, accepts his/her his offer as the Final Complying Agreement, and notifying all other competing offeror/s in writing, that they were unsuccessful unsuccessful, due to their finances not vesting having vested timeously. Where this sale is subject to the sale of the Purchaser’s property, or the Registration of his property to his Purchaserpurchaser, the Purchaser must provide the Seller with Bankers Payment Guarantees to the sellerSeller’s satisfaction (or other acceptable guarantees to in the Seller’s discretion) before this contract can qualify as a financially vested contract. Notice shall be communicated in accordance with Para 12 para 10 of this Agreement Agreement, without giving notice to rectify as in clause 13per para 9. The Seller shall have full discretion on in deciding whether a Purchaser’s finances are acceptable to him and whether he accepts the Purchaser’s Proof of Compliance of the financial requirements of the Offer to Purchase and the Building Contract.

Multiple offers. The Parties agree that the Seller, has accepted or may accept multiple Offers to Purchase on this Erf, before this contract’s finances has vested to the Sellers satisfaction. The seller shall inform the purchaser should he accept a further offer before the purchaser’s finances have vested. Where there is multiple offers “vested” shall be interpreted as the date upon which the Seller Xxxxxx accepts a Purchaser as financially complying with the Financial Terms and Conditions of his Offer to Purchase and informing the acceptable Purchaser in writing that he accepts his/her offer as the Final Complying Agreement, and notifying all other competing offeror/s in writing, that they were unsuccessful due to their finances not vesting timeously. Where this sale is subject to the sale of the Purchaser’s property, or the Registration of his property to his Purchaser, the Purchaser must provide the Seller with Bankers Payment Guarantees to the seller’s satisfaction (or other acceptable guarantees to the Seller’s discretion) before this contract can qualify as a financially vested contract. Notice shall be communicated in accordance with Para 12 10 of this Agreement without giving notice to rectify as in clause 13Agreement. The Seller shall have full discretion on deciding whether a Purchaser’s finances are acceptable to him and whether he accepts the Purchaser’s Proof of Compliance of the financial requirements of the Offer to Purchase and the Building Contract.