{"component": "clause", "props": {"groups": [{"snippet": "The Purchaser acknowledges that: -\n7.1 the Seller shall be entitled to subdivide any section in the Scheme owned by it and/or consolidate any two adjacent sections in the Scheme owned by it, as the Seller in its sole and absolute discretion requires. The Purchaser hereby consents to the aforesaid subdivisions and consolidations, insofar as his consent may be required, and hereby irrevocably and in rem suam, nominates, constitutes and appoints any director of the Seller, with power of substitution, to call and attend any meeting of the Body Corporate or of the trustees of the Body Corporate, on the Purchaser\u2019s behalf, and to vote in favour of such resolution that may be required to give effect to any consolidation or subdivision of the sections in the Scheme that the Seller may require, as aforesaid;\n7.2 for so long as the Seller owns a section or the right to extend the Scheme by the erection of at least one section, as anticipated in Section 25 of Act 95/1986;\n7.2.1 the Purchaser irrevocably and in rem suam appoints the Seller to exercise the Purchaser\u2019s voting rights with regard to the appointment of the Trustees of the Body Corporate and the appointment of Managing Agents of the Scheme, the Purchaser acknowledging that the Administrator or its nominee may apply to be appointed as Managing Agents of the Scheme; and\n7.2.2 the Purchaser shall not be entitled to vote in favour of the amendment of any of the Rules without the Seller\u2019s prior written consent, provided all the Seller\u2019s rights and obligations in terms hereof shall lapse when the Seller no longer owns a section in the Scheme or the right to extend the Scheme by the erection of at least one section, as anticipated in Section 25 of Act 95/1986.\n7.3 he will not be entitled to sell or otherwise transfer ownership of the Property unless it is a suspensive condition of such sale or other transfer that \u2013\n7.3.1 the Association grants its written consent to such sale or other transfer (which consent it shall be entitled to withhold, inter alia, in the event of any monies being due and owing to the Association by the Purchaser or the Purchaser being in breach of any of the Memorandum of Incorporation of the Association or any Rules made by the Association, from time to time, and failing to remedy such breach);\n7.3.2 the transferee, in a manner acceptable to the Association, agrees to become a member and is admitted as a member of the Association;\n7.3.3 the Administrator and the Operator grant their consent, which consent shall not be unreasonably withheld, to such sale or other transfer (which consent it shall be entitled to withhold, inter alia, in the event of any monies being due and owing to the Operator by the Purchaser or the Purchaser failing to abide by the conditions of resale as stipulated in clause 25 below.\n7.4 the Seller may make such alterations or amendments to the Management and/or Conduct Rules as well as to file such altered and amended Management and/or Conduct Rules in the Deeds Registry at Pietermaritzburg, as the Seller believes is necessary to give effect to the provisions of this Contract, and so as to provide for the harmonious operation of this Scheme, and for that purpose the Purchaser irrevocably and in rem suam, nominates, constitutes and appoints the Seller as the Purchaser\u2019s duly authorised attorney, agent and proxy on the Purchaser\u2019s behalf, and to the Purchaser\u2019s exclusion, to attend all such meetings and do all such things as are necessary to give effect to the provisions of this clause. Provided all the Seller\u2019s rights and obligations in terms hereof shall lapse when the Seller no longer owns a section in the Scheme or the right to extend the Scheme by the erection of at least one section, as anticipated in Section 25 of Act 95/1986;\n7.5 the Seller\u2019s appointment of the Administrator, on terms and conditions as herein recorded and to fulfil the functions as provided for in this Contract, is irrevocable, final and binding on the Purchaser;\n7.6 the Administrator\u2019s appointment of the Operator to fulfil the functions as provided for in the Service Level Agreement, is irrevocable, final and binding on the Purchaser;\n7.7 he has purchased the Property in the Scheme and transfers will be effected in phases. Transfer to the Purchaser will take place simultaneously with transfers to other purchasers in the Scheme, as a result of which transfer of the Property to the Purchaser may be delayed. The Purchaser shall pay occupational rental and other charges described in clause 6 above from Date of Possession to Date of Transfer, both days inclusive;\n7.8 the maximum number of people who shall be entitled to occupy the property shall be determined by multiplying the number of bedrooms of any Unit by two;\n7.9 the Seller and/or the Estate Agents may have used models, brochures and other advertising material in marketing the Scheme to the Purchaser and the public at large. The furniture, finishes and fittings shown in the advertising material is for advertisement purposes only and the finishes shall be in accordance with the Schedule of Finishes;\n7.10 he shall be bound by the terms set out Annexure \u201cR\u201d hereto;\n7.11 he understands the English language and considers itself fluent therein;\n7.12 he has had an opportunity to carefully read and consider the provisions of the Contract and that he has been free to secure independent legal advice in respect of the provisions of same;\n7.13 the Seller undertook that the Seller or the Conveyancers, would explain any provisions of the Contract which the Purchaser may not have understood fully and, to the extent that the Purchaser made the Seller aware of any provisions of the Contract he did not understand, such provisions were fully explained to the Purchaser.", "snippet_links": [{"key": "the-seller-shall", "type": "clause", "offset": [39, 55]}, {"key": "owned-by", "type": "definition", "offset": [107, 115]}, {"key": "sole-and-absolute-discretion", "type": "clause", "offset": [212, 240]}, {"key": "of-the-seller", "type": "clause", "offset": [460, 473]}, {"key": "power-of-substitution", "type": "clause", "offset": [480, 501]}, {"key": "the-body-corporate", "type": "clause", "offset": [537, 555]}, {"key": "the-trustees-of-the", "type": "clause", "offset": [562, 581]}, {"key": "in-favour-of", "type": "definition", "offset": [637, 649]}, {"key": "give-effect-to", "type": "definition", "offset": [690, 704]}, {"key": "consolidation-or-subdivision", "type": "clause", "offset": [709, 737]}, {"key": "right-to-extend", "type": "clause", "offset": [863, 878]}, {"key": "section-25", "type": "clause", "offset": [949, 959]}, {"key": "act-95-1986", "type": "definition", "offset": [963, 974]}, {"key": "to-exercise", "type": "clause", "offset": [1044, 1055]}, {"key": "voting-rights", "type": "clause", "offset": [1072, 1085]}, {"key": "with-regard-to", "type": "clause", "offset": [1086, 1100]}, {"key": "appointment-of-the-trustees", "type": "clause", "offset": [1105, 1132]}, {"key": "managing-agents", "type": "clause", "offset": [1178, 1193]}, {"key": "of-the-scheme", "type": "clause", "offset": [1194, 1207]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [1345, 1364]}, {"key": "entitled-to-vote", "type": "clause", "offset": [1372, 1388]}, {"key": "amendment-of", "type": "clause", "offset": [1406, 1418]}, {"key": "the-rules", "type": "clause", "offset": [1426, 1435]}, {"key": "prior-written-consent", "type": "clause", "offset": [1457, 1478]}, {"key": "rights-and-obligations", "type": "definition", "offset": [1506, 1528]}, {"key": "in-terms", "type": "clause", "offset": [1529, 1537]}, {"key": "to-sell", "type": "clause", "offset": [1760, 1767]}, {"key": "ownership-of-the-property", "type": "clause", "offset": [1790, 1815]}, {"key": "condition-of", "type": "clause", "offset": [1842, 1854]}, {"key": "sale-or-other-transfer", "type": "clause", "offset": [1860, 1882]}, {"key": "consent-to", "type": "clause", "offset": [1931, 1941]}, {"key": "inter-alia", "type": "clause", "offset": [2019, 2029]}, {"key": "in-the-event-of", "type": "definition", "offset": [2031, 2046]}, {"key": "due-and-owing", "type": "definition", "offset": [2064, 2077]}, {"key": "by-the-purchaser", "type": "clause", "offset": [2097, 2113]}, {"key": "breach-of-any", "type": "clause", "offset": [2140, 2153]}, {"key": "incorporation-of", "type": "clause", "offset": [2175, 2191]}, {"key": "by-the-association", "type": "clause", "offset": [2226, 2244]}, {"key": "from-time-to-time", "type": "clause", "offset": [2246, 2263]}, {"key": "the-transferee", "type": "clause", "offset": [2307, 2321]}, {"key": "to-become-a-member", "type": "clause", "offset": [2373, 2391]}, {"key": "member-of-the-association", "type": "definition", "offset": [2413, 2438]}, {"key": "conditions-of-resale", "type": "clause", "offset": [2765, 2785]}, {"key": "clause-25", "type": "clause", "offset": [2803, 2812]}, {"key": "the-management", "type": "clause", "offset": [2878, 2892]}, {"key": "conduct-rules", "type": "definition", "offset": [2900, 2913]}, {"key": "to-file", "type": "definition", "offset": [2925, 2932]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [3087, 3109]}, {"key": "provide-for", "type": "clause", "offset": [3133, 3144]}, {"key": "operation-of", "type": "clause", "offset": [3160, 3172]}, {"key": "authorised-attorney", "type": "definition", "offset": [3321, 3340]}, {"key": "to-attend", "type": "clause", "offset": [3419, 3428]}, {"key": "this-clause", "type": "clause", "offset": [3523, 3534]}, {"key": "appointment-of-the-administrator", "type": "clause", "offset": [3805, 3837]}, {"key": "terms-and-conditions", "type": "definition", "offset": [3842, 3862]}, {"key": "the-functions", "type": "definition", "offset": [3896, 3909]}, {"key": "in-this-contract", "type": "clause", "offset": [3926, 3942]}, {"key": "final-and-binding", "type": "clause", "offset": [3960, 3977]}, {"key": "appointment-of-the-operator", "type": "clause", "offset": [4020, 4047]}, {"key": "the-service-level-agreement", "type": "definition", "offset": [4091, 4118]}, {"key": "and-transfers", "type": "clause", "offset": [4220, 4233]}, {"key": "transfer-to", "type": "definition", "offset": [4262, 4273]}, {"key": "the-purchaser-will", "type": "clause", "offset": [4274, 4292]}, {"key": "simultaneously-with", "type": "clause", "offset": [4304, 4323]}, {"key": "transfers-to", "type": "clause", "offset": [4324, 4336]}, {"key": "other-purchasers", "type": "clause", "offset": [4337, 4353]}, {"key": "transfer-of-the-property", "type": "clause", "offset": [4390, 4414]}, {"key": "rental-and-other-charges", "type": "clause", "offset": [4485, 4509]}, {"key": "clause-6", "type": "definition", "offset": [4523, 4531]}, {"key": "date-of-possession", "type": "definition", "offset": [4543, 4561]}, {"key": "date-of-transfer", "type": "definition", "offset": [4565, 4581]}, {"key": "maximum-number-of-people", "type": "clause", "offset": [4612, 4636]}, {"key": "number-of-bedrooms", "type": "clause", "offset": [4721, 4739]}, {"key": "any-unit", "type": "clause", "offset": [4743, 4751]}, {"key": "advertising-material", "type": "definition", "offset": [4842, 4862]}, {"key": "the-public", "type": "definition", "offset": [4908, 4918]}, {"key": "at-large", "type": "definition", "offset": [4919, 4927]}, {"key": "in-accordance-with", "type": "definition", "offset": [5061, 5079]}, {"key": "schedule-of-finishes", "type": "definition", "offset": [5084, 5104]}, {"key": "the-terms", "type": "definition", "offset": [5132, 5141]}, {"key": "set-out", "type": "definition", "offset": [5142, 5149]}, {"key": "english-language", "type": "clause", "offset": [5195, 5211]}, {"key": "the-contract", "type": "definition", "offset": [5329, 5341]}, {"key": "to-secure", "type": "clause", "offset": [5368, 5377]}, {"key": "independent-legal-advice", "type": "clause", "offset": [5378, 5402]}, {"key": "in-respect-of", "type": "clause", "offset": [5403, 5416]}, {"key": "the-purchaser-may-not", "type": "clause", "offset": [5555, 5576]}, {"key": "to-the-extent", "type": "clause", "offset": [5604, 5617]}], "samples": [{"hash": "ei6EHTVj3po", "uri": "/contracts/ei6EHTVj3po#purchasers-acknowledgments", "label": "Contract of Sale", "score": 25.1190965092, "published": true}, {"hash": "8mDUEGR0MMI", "uri": "/contracts/8mDUEGR0MMI#purchasers-acknowledgments", "label": "Contract of Sale", "score": 24.3305954825, "published": true}, {"hash": "fA4KTeI2rpK", "uri": "/contracts/fA4KTeI2rpK#purchasers-acknowledgments", "label": "Contract of Sale", "score": 24.2484599589, "published": true}], "size": 13, "hash": "23f03c002bac6a595c6164c5a453e485", "id": 1}, {"snippet": "19.1 The Purchaser acknowledges that he is aware of the intended future development of \u2587\u2587\u2587\u2587\u2587\u2587 by the Developer. Such development may involve the establishment of resorts, business and commercial premises, education facilities, multiple unit developments and high - quality residential units on various portions of \u2587\u2587\u2587\u2587\u2587\u2587 so designed as to facilitate an aesthetic and harmonious style blending with the environment. The Purchaser hereby undertakes that he will, at all times, co-operate with the Developer in an endeavour to facilitate the success of the development within \u2587\u2587\u2587\u2587\u2587\u2587. Also, in this respect, the Purchaser undertakes that he shall not unreasonably interfere with any such proposed development nor lodge an objection with any competent authority in respect of any such development. The Purchaser agrees he will not object to any application made by or on behalf of the Developer, its nominee or agent for:\n19.1.1 any rezoning or change of use or additional use in respect of any property within \u2587\u2587\u2587\u2587\u2587\u2587, whether in accordance with the \u2587\u2587\u2587\u2587\u2587\u2587 Master Plan or \u2587\u2587\u2587\u2587\u2587\u2587 Estate Layout Plan or otherwise;\n19.1.2 special consent usages within \u2587\u2587\u2587\u2587\u2587\u2587;\n19.1.3 the amendment or partial amendment of any general plan in respect of the property within \u2587\u2587\u2587\u2587\u2587\u2587, whether in accordance with the \u2587\u2587\u2587\u2587\u2587\u2587 Master Plan or \u2587\u2587\u2587\u2587\u2587\u2587 Estate Layout Plan or otherwise;\n19.1.4 removal of restrictive conditions of title within \u2587\u2587\u2587\u2587\u2587\u2587;\n19.1.5 subdivisional/consolidation applications, whether in accordance with the \u2587\u2587\u2587\u2587\u2587\u2587 Master Plan or \u2587\u2587\u2587\u2587\u2587\u2587 Estate Layout Plan or otherwise;\n19.1.6 the closing of roads within \u2587\u2587\u2587\u2587\u2587\u2587; and\n19.1.7 the incorporation of any additional land which the Developer may determine be incorporated within \u2587\u2587\u2587\u2587\u2587\u2587.\n19.2 The Purchaser hereby authorises the Developer to motivate and obtain approval of any amendments at any time (before or after Date of Transfer) to the Environmental Management Restrictions as the Developer in its sole discretion requires and insofar as is necessary the Purchaser hereby irrevocably appoints the Developer as his attorney and agent in rem suam to sign any documents as may be necessary to obtain such amendments.\n19.3 The Purchaser specifically acknowledges that owners of properties surrounding the Property will be erecting buildings and other structures on the surrounding properties which may block or otherwise interfere with the views from the Property. The Purchaser agrees he shall have no right to object to the construction of any building or other structure on the properties on the basis that such building or other structure blocks or otherwise interferes with the views from the Property, nor will he have any claim for any alleged diminishment in the value of the Property arising out of any interference with the views from the Property by reason of the construction of any such building or other structure.\n19.4 The Purchaser acknowledges that no building or other structure may be erected on the Property and further, no alteration or extension may be made to any existing building or other structure, save in accordance with building plans that have been approved by the Design Review Committee and the Municipality. Furthermore, the Purchaser agrees that he will have no claim whatsoever, arising out of whatever cause, against the Master Management Association, any members of the Design Review Committee and the Seller for refusing to approve or delaying the approval of any plans submitted by the Purchaser save where the Purchaser can prove mala fides on the part of the Design Review Committee.\n19.5 The Purchaser shall not be entitled to make application to rezone the Property or to change its use from that currently specified in the Scheme without the consent of the Developer.\n19.6 In no way detracting from the generality of any other provision of this Contract it is recorded that the design and layout of \u2587\u2587\u2587\u2587\u2587\u2587 and \u2587\u2587\u2587\u2587\u2587\u2587 Estate may vary as \u2587\u2587\u2587\u2587\u2587\u2587 and \u2587\u2587\u2587\u2587\u2587\u2587 Estate is developed and the Developer shall in no way be bound to its current plans for the design and layout of \u2587\u2587\u2587\u2587\u2587\u2587 and \u2587\u2587\u2587\u2587\u2587\u2587 Estate.\n19.7 It is recorded that the Association shall be entitled to cede any of its rights in terms of this Contract to the Master Management Association and vice-a-versa. In addition, the Master Management Association shall be entitled (but not obliged) to appoint the Association to represent it and to exercise its rights in respect of the building plan approval process and assume its other rights and duties.\n19.8 The Purchaser acknowledges that:\n19.8.1 for reasons of security on \u2587\u2587\u2587\u2587\u2587\u2587 Estate and due to the nature of the proposed development of \u2587\u2587\u2587\u2587\u2587\u2587 Estate and the various matters about which any purchaser should become aware when buying into \u2587\u2587\u2587\u2587\u2587\u2587 Estate, if the Purchaser wishes to dispose of the Property, or any share therein or any subdivision thereof, or any sectional title unit erected thereon or any real right thereon, he shall, to the extent that he requires the services of an estate agent in regard to such disposal, do so in accordance with this clause;\n19.8.2 this clause is inserted for the benefit of the Seller, who shall be entitled to enforce its terms by law;\n19.8.3 any owner who acquires the Property and who thereafter wishes to dispose of the Property, shall \u2013\n19.8.3.1 to extent that he requires the services of an estate agent, do so exclusively through an estate agent accredited by the Seller;\n19.8.3.2 whether or not he utilises the services of an estate agent, include a clause in any document pursuant by which he disposes of the Property on the same terms precisely as this clause so that the Seller shall always have the right to accredit the estate agent when the Property is sold or otherwise disposed of.\n19.9 The Purchaser further acknowledges that in the event of the Purchaser being an artificial person, such as a close corporation, company or trust, and in the event of the member, director, shareholder, trustee or beneficiary of the Purchaser (as the case may be) wishing to dispose of the member\u2019s interest, shares or beneficial interest in the Purchaser (as the case may be) he shall to the extent that he requires the services of an estate agent in regard to such disposal, comply with the provisions of paragraph 19.8 of the Conditions of Sale mutatis mutandis.\n19.10 The Purchaser acknowledges that in the event of the Purchaser disposing of the Property, or in the event of the Purchaser being an artificial person, such as a close corporation, company or trust and the member\u2019s interest, shares or beneficial interest (as the case may be) being disposed of, privately, (i.e. without the assistance of an estate agent), then in that event, the Purchaser acknowledges that he shall be responsible for payment of a fee charged by the Developer as a contribution towards, inter alia, the marketing of \u2587\u2587\u2587\u2587\u2587\u2587 Estate. The aforesaid fee charged by the Developer shall be in the sole discretion of the Developer, but shall not exceed 1% (one percent) of the purchase price (plus Value Added Tax thereon) of the Property, member\u2019s interest, shares or beneficial interest (as the case may be) or in the event of the Property, member\u2019s interest, shares or beneficial interest (as the case may be) not being sold, shall not exceed 1% (one percent) of the market value of the Property, member\u2019s interest, shares or beneficial interest (as the case may be) at the date of transfer or cession of same (plus Value Added Tax thereon).\n19.11 When selling, or letting the Property, the Purchaser shall utilise such documentation (including the standard sale or lease agreement), prescribed by the Association.\n19.12 It is recorded that the estate agent shall be required to pay a portion of its commission, to the Developer as a contribution towards, inter alia, the marketing of \u2587\u2587\u2587\u2587\u2587\u2587 and \u2587\u2587\u2587\u2587\u2587\u2587 Estate. The contribution will be an amount determined by the Developer from time to time currently 15% (fifteen percent) (plus Value Added Tax thereon) of the commission payable to such estate agent.\n19.13 The Purchaser shall not be entitled to sell or otherwise transfer ownership of the Property unless it is a suspensive condition of such sale or other transfer that the transferee, in a manner acceptable to the Association, agrees to become a member and is admitted as a member of the Association. In no way detracting from the generality of the aforesaid, it is specifically recorded that the Association shall not give its consent in this regard if, inter alia, any levies, or other amounts payable to the Association by the Purchaser are outstanding or if there are any outstanding issues in respect of the Property or in the event of the final completion occupation certificate not having been issued by the Municipality or the Design Review Committee not having given Development Approval.\n19.14 In the event of a breach of any of clauses 19.8 \u2013 19.13, the Seller shall be entitled in its absolute discretion to refuse its written approval as required to the sale and transfer of the Property until the provisions of any of clauses 19.8 \u2013 19.13 are complied with and no party to this Contract of Sale shall have any claim for damages arising out of the Seller\u2019s refusal to give such written approval.\n19.15 In order to protect the Seller\u2019s rights in this regard, the Property shall be transferred to the Purchaser, subject to a condition in the title deeds to the Property to the effect that the Property, or any portion thereof or interest therein shall not be alienated or otherwise transferred without the prior written consent of the Seller first being had and obtained, which consent the Seller shall grant provided the provisions of any of clauses 19.8 \u2013 19.13 have been complied with.\n19.16 All the Seller\u2019s rights and obligations in terms of this clause 19 shall be ceded and assigned to the Association when the \u201cDevelopment Period\u201d (as defined in the MOI) ends, which cession and assignment the Purchaser agrees to, as far as needs be.\n19.17 The Purchaser shall at all times ensure that the Property is kept in a neat and tidy condition from Date of Occupation.\n19.18 The Purchaser acknowledges and agrees that: -\n19.18.1 it is the Purchaser\u2019s responsibility to investigate all matters effecting the Property;\n19.18.2 as at the Date of Signature, the beacons marking the boundaries of the Property are in place. The Purchaser undertakes to make immediate arrangements with the Seller, or its agent, to inspect the beacons, whereafter, the Seller shall have no further obligation to the Purchaser to either point out, or establish any beacons in relation to the boundaries of the Property.\n19.18.3 the Purchaser has inspected the Property and satisfied itself in regard to everything pertaining to the Property including, but in no way limited to, the extent and locality of the Property as well as the subsoil conditions prevailing upon the Property and the permitted use of the Property in terms of the zoning thereof under the Scheme and all other matters affecting the development thereof;\n19.18.4 the Purchaser is responsible for applying to the appropriate authorities and/or any supplier of services for water, sewerage, electricity or gas connection to the Property (and all fees, deposits and other application costs in this regard shall be for the account of the Purchaser) and for submitting plans for approval in respect of any buildings or other structures to be erected on the Property, the Seller and its agents being entirely free from all liability in respect of such matters.\n19.19 The Purchaser shall not be permitted, nor shall it discharge, noxious effluent into the Municipality sewerage system or any other drainage system and warrants that, in conducting its operations on the Property, the disposal of any effluent from the Property will be in accordance with all the requirements of the Municipality or any other responsible authority.\n19.20 It is recorded that the Seller is in the process of procuring the installation of the necessary infrastructure required to provide connectivity to the Property for electronic mail and broadband internet access, fixed line telephone communication, intercom operations and satellite television. The Purchaser acknowledges and agrees that he shall be liable to pay connection fees to connect the Property to the aforesaid systems. The aforesaid fees shall be payable to the Seller\u2019s service provider and shall be paid by the Purchaser when the Property is connected to the aforesaid systems (which shall not be prior to the completion of the Dwelling on the Property if this has not already occurred). In addition, the Purchaser shall be obliged, once the aforesaid connections have been made and the systems are operational, to enter into service contracts with the service providers appointed by the Seller\u2019s service provider to operate the aforesaid communication systems, which will entail the payment of monthly fees by the Purchaser.\n19.21 The Purchaser acknowledges that the Association has entered into an agreement with a service provider in respect of the supply of electricity to residents of the Estate. The Purchaser agrees to make payment to this service provider (or such other party as the Association may contract from time to time, in this regard) directly in respect of electricity it uses. Further in this regard, it is recorded that the Purchaser shall be liable to make payment of a once off capital contribution to this service provider (or such other party as the Association may contract from time to time, in this regard) in respect of the installation of various infrastructure. The aforesaid amount shall be paid when construction of the Dwelling on the Property commences.\n19.22 It is recorded that the Developer and the developer of the neighbouring Zululami Estate have concluded a reciprocity agreement for the entrenchment of reciprocal traversing rights over the private open spaces of both \u2587\u2587\u2587\u2587\u2587\u2587 and Zululami Estates for the benefit of Members of both Estates. The purpose of this agreement is for residents of both Estates to enjoy the benefit of the private open spaces, including, but not limited to, traversing the foot paths, mountain bike trails, golf cart paths and bridle paths, and access to, and the use and enjoyment of, the clubhouses on \u2587\u2587\u2587\u2587\u2587\u2587 and Zululami Estates. Neither association shall be obliged to provide monetary compensation to the other for this reciprocal right. These traversing rights shall be entrenched by way of notarial deeds of servitude over the private open spaces of \u2587\u2587\u2587\u2587\u2587\u2587 and Zululami Estates.\n19.23 It is recorded that the Purchaser shall be obliged to insure the Property with the insurance company nominated by the Seller (as defined in the MOI).\n19.24 The Purchaser acknowledges that he understands the English language and considers itself fluent therein;\n19.25 The Purchaser acknowledges that he has had an opportunity to carefully read and consider the provisions of the Contract and that he has been free to secure independent legal advice in respect of the provisions of same;\n19.26 The Purchaser acknowledges that the Seller undertook that the Seller or the Conveyancers, would explain any provisions of the Contract which the Purchaser may not have understood fully and, to the extent that the Purchaser made the Seller aware of any provisions of the Contract it did not understand, such provisions were fully explained to the Purchaser.", "snippet_links": [{"key": "development-of", "type": "clause", "offset": [72, 86]}, {"key": "by-the-developer", "type": "clause", "offset": [94, 110]}, {"key": "establishment-of", "type": "clause", "offset": [145, 161]}, {"key": "commercial-premises", "type": "clause", "offset": [184, 203]}, {"key": "education-facilities", "type": "definition", "offset": [205, 225]}, {"key": "multiple-unit", "type": "definition", "offset": [227, 240]}, {"key": "residential-units", "type": "definition", "offset": [273, 290]}, {"key": "the-environment", "type": "clause", "offset": [398, 413]}, {"key": "at-all-times", "type": "definition", "offset": [461, 473]}, {"key": "the-development", "type": "clause", "offset": [550, 565]}, {"key": "proposed-development", "type": "definition", "offset": [684, 704]}, {"key": "competent-authority", "type": "definition", "offset": [737, 756]}, {"key": "in-respect-of", "type": "clause", "offset": [757, 770]}, {"key": "of-the-developer", "type": "clause", "offset": [873, 889]}, {"key": "change-of-use", "type": "clause", "offset": [940, 953]}, {"key": "additional-use", "type": "definition", "offset": [957, 971]}, {"key": "in-accordance-with", "type": "definition", "offset": [1022, 1040]}, {"key": "the-\u2587", "type": "clause", "offset": [1041, 1046]}, {"key": "master-plan", "type": "clause", "offset": [1052, 1063]}, {"key": "layout-plan", "type": "clause", "offset": [1081, 1092]}, {"key": "special-consent", "type": "clause", "offset": [1114, 1129]}, {"key": "amendment-or", "type": "clause", "offset": [1163, 1175]}, {"key": "amendment-of", "type": "clause", "offset": [1184, 1196]}, {"key": "general-plan", "type": "definition", "offset": [1201, 1213]}, {"key": "removal-of", "type": "definition", "offset": [1356, 1366]}, {"key": "conditions-of-title", "type": "definition", "offset": [1379, 1398]}, {"key": "the-closing", "type": "definition", "offset": [1563, 1574]}, {"key": "incorporation-of", "type": "clause", "offset": [1614, 1630]}, {"key": "additional-land", "type": "definition", "offset": [1635, 1650]}, {"key": "approval-of", "type": "clause", "offset": [1790, 1801]}, {"key": "at-any-time", "type": "clause", "offset": [1817, 1828]}, {"key": "date-of-transfer", "type": "definition", "offset": [1846, 1862]}, {"key": "environmental-management-restrictions", "type": "definition", "offset": [1871, 1908]}, {"key": "sole-discretion", "type": "clause", "offset": [1933, 1948]}, {"key": "attorney-and-agent", "type": "clause", "offset": [2049, 2067]}, {"key": "buildings-and-other-structures", "type": "clause", "offset": [2262, 2292]}, {"key": "right-to-object-to", "type": "clause", "offset": [2434, 2452]}, {"key": "the-construction", "type": "clause", "offset": [2453, 2469]}, {"key": "the-properties", "type": "definition", "offset": [2508, 2522]}, {"key": "the-basis", "type": "clause", "offset": [2526, 2535]}, {"key": "value-of-the-property", "type": "clause", "offset": [2702, 2723]}, {"key": "arising-out-of", "type": "definition", "offset": [2724, 2738]}, {"key": "no-alteration", "type": "clause", "offset": [2972, 2985]}, {"key": "existing-building", "type": "definition", "offset": [3018, 3035]}, {"key": "building-plans", "type": "definition", "offset": [3080, 3094]}, {"key": "approved-by", "type": "definition", "offset": [3110, 3121]}, {"key": "design-review-committee", "type": "clause", "offset": [3126, 3149]}, {"key": "no-claim", "type": "definition", "offset": [3224, 3232]}, {"key": "master-management-association", "type": "definition", "offset": [3288, 3317]}, {"key": "members-of-the", "type": "clause", "offset": [3323, 3337]}, {"key": "to-approve", "type": "clause", "offset": [3390, 3400]}, {"key": "the-approval", "type": "clause", "offset": [3413, 3425]}, {"key": "by-the-purchaser", "type": "clause", "offset": [3449, 3465]}, {"key": "mala-fides", "type": "definition", "offset": [3501, 3511]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [3561, 3580]}, {"key": "the-scheme", "type": "clause", "offset": [3694, 3704]}, {"key": "consent-of-the", "type": "clause", "offset": [3717, 3731]}, {"key": "provision-of", "type": "clause", "offset": [3802, 3814]}, {"key": "developer-shall", "type": "clause", "offset": [3957, 3972]}, {"key": "current-plans", "type": "clause", "offset": [3999, 4012]}, {"key": "terms-of-this-contract", "type": "clause", "offset": [4156, 4178]}, {"key": "in-addition", "type": "clause", "offset": [4234, 4245]}, {"key": "to-exercise", "type": "clause", "offset": [4364, 4375]}, {"key": "plan-approval-process", "type": "clause", "offset": [4414, 4435]}, {"key": "other-rights-and-duties", "type": "clause", "offset": [4451, 4474]}, {"key": "the-proposed", "type": "clause", "offset": [4587, 4599]}, {"key": "various-matters", "type": "clause", "offset": [4637, 4652]}, {"key": "dispose-of", "type": "definition", "offset": [4758, 4768]}, {"key": "sectional-title", "type": "clause", "offset": [4839, 4854]}, {"key": "to-the-extent", "type": "clause", "offset": [4913, 4926]}, {"key": "the-services", "type": "definition", "offset": [4944, 4956]}, {"key": "estate-agent", "type": "clause", "offset": [4963, 4975]}, {"key": "this-clause", "type": "clause", "offset": [5029, 5040]}, {"key": "of-the-seller", "type": "clause", "offset": [5089, 5102]}, {"key": "any-owner", "type": "clause", "offset": [5162, 5171]}, {"key": "by-the-seller", "type": "clause", "offset": [5382, 5395]}, {"key": "disposes-of", "type": "definition", "offset": [5520, 5531]}, {"key": "same-terms", "type": "clause", "offset": [5552, 5562]}, {"key": "the-seller-shall", "type": "clause", "offset": [5596, 5612]}, {"key": "the-right", "type": "clause", "offset": [5625, 5634]}, {"key": "otherwise-disposed-of", "type": "definition", "offset": [5693, 5714]}, {"key": "of-the-purchaser", "type": "clause", "offset": [5774, 5790]}, {"key": "artificial-person", "type": "definition", "offset": [5800, 5817]}, {"key": "close-corporation", "type": "clause", "offset": [5829, 5846]}, {"key": "the-member", "type": "clause", "offset": [5886, 5896]}, {"key": "beneficiary-of-the", "type": "clause", "offset": [5932, 5950]}, {"key": "the-case", "type": "definition", "offset": [5965, 5973]}, {"key": "beneficial-interest", "type": "definition", "offset": [6037, 6056]}, {"key": "comply-with-the", "type": "clause", "offset": [6195, 6210]}, {"key": "conditions-of-sale", "type": "definition", "offset": [6247, 6265]}, {"key": "the-assistance", "type": "clause", "offset": [6608, 6622]}, {"key": "responsible-for-payment", "type": "clause", "offset": [6708, 6731]}, {"key": "a-contribution", "type": "clause", "offset": [6769, 6783]}, {"key": "inter-alia", "type": "clause", "offset": [6793, 6803]}, {"key": "the-purchase-price", "type": "clause", "offset": [6971, 6989]}, {"key": "value-added-tax", "type": "clause", "offset": [6996, 7011]}, {"key": "market-value", "type": "definition", "offset": [7268, 7280]}, {"key": "letting-the-property", "type": "clause", "offset": [7466, 7486]}, {"key": "the-standard", "type": "clause", "offset": [7546, 7558]}, {"key": "lease-agreement", "type": "clause", "offset": [7567, 7582]}, {"key": "by-the-association", "type": "clause", "offset": [7596, 7614]}, {"key": "agent-shall", "type": "definition", "offset": [7653, 7664]}, {"key": "to-pay", "type": "clause", "offset": [7677, 7683]}, {"key": "a-portion", "type": "definition", "offset": [7684, 7693]}, {"key": "to-the-developer", "type": "clause", "offset": [7713, 7729]}, {"key": "the-contribution", "type": "clause", "offset": [7812, 7828]}, {"key": "from-time-to-time", "type": "clause", "offset": [7875, 7892]}, {"key": "payable-to", "type": "definition", "offset": [7974, 7984]}, {"key": "to-sell", "type": "clause", "offset": [8046, 8053]}, {"key": "ownership-of-the-property", "type": "clause", "offset": [8076, 8101]}, {"key": "condition-of", "type": "clause", "offset": [8128, 8140]}, {"key": "sale-or-other-transfer", "type": "clause", "offset": [8146, 8168]}, {"key": "the-transferee", "type": "clause", "offset": [8174, 8188]}, {"key": "to-become-a-member", "type": "clause", "offset": [8240, 8258]}, {"key": "member-of-the-association", "type": "definition", "offset": [8280, 8305]}, {"key": "other-amounts-payable", "type": "clause", "offset": [8488, 8509]}, {"key": "outstanding-issues", "type": "definition", "offset": [8582, 8600]}, {"key": "final-completion", "type": "definition", "offset": [8651, 8667]}, {"key": "occupation-certificate", "type": "definition", "offset": [8668, 8690]}, {"key": "having-been", "type": "clause", "offset": [8695, 8706]}, {"key": "by-the-municipality", "type": "clause", "offset": [8714, 8733]}, {"key": "development-approval", "type": "definition", "offset": [8782, 8802]}, {"key": "breach-of-any", "type": "clause", "offset": [8828, 8841]}, {"key": "discretion-to-refuse", "type": "clause", "offset": [8912, 8932]}, {"key": "written-approval", "type": "clause", "offset": [8937, 8953]}, {"key": "as-required", "type": "clause", "offset": [8954, 8965]}, {"key": "transfer-of-the-property", "type": "clause", "offset": [8982, 9006]}, {"key": "no-party", "type": "clause", "offset": [9081, 9089]}, {"key": "contract-of-sale", "type": "definition", "offset": [9098, 9114]}, {"key": "claim-for-damages", "type": "clause", "offset": [9130, 9147]}, {"key": "in-order-to", "type": "clause", "offset": [9221, 9232]}, {"key": "subject-to", "type": "definition", "offset": [9329, 9339]}, {"key": "title-deeds", "type": "definition", "offset": [9359, 9370]}, {"key": "prior-written-consent", "type": "clause", "offset": [9523, 9544]}, {"key": "rights-and-obligations", "type": "definition", "offset": [9729, 9751]}, {"key": "clause-19", "type": "definition", "offset": [9769, 9778]}, {"key": "development-period", "type": "clause", "offset": [9836, 9854]}, {"key": "cession-and-assignment", "type": "clause", "offset": [9892, 9914]}, {"key": "date-of-occupation", "type": "clause", "offset": [10066, 10084]}, {"key": "date-of-signature", "type": "clause", "offset": [10252, 10269]}, {"key": "boundaries-of-the", "type": "clause", "offset": [10295, 10312]}, {"key": "in-place", "type": "definition", "offset": [10326, 10334]}, {"key": "the-purchaser-undertakes-to", "type": "clause", "offset": [10336, 10363]}, {"key": "arrangements-with-the-seller", "type": "clause", "offset": [10379, 10407]}, {"key": "obligation-to", "type": "clause", "offset": [10492, 10505]}, {"key": "in-relation-to", "type": "clause", "offset": [10566, 10580]}, {"key": "pertaining-to", "type": "definition", "offset": [10707, 10720]}, {"key": "use-of-the-property", "type": "clause", "offset": [10892, 10911]}, {"key": "terms-of-the", "type": "clause", "offset": [10915, 10927]}, {"key": "all-other-matters", "type": "clause", "offset": [10964, 10981]}, {"key": "appropriate-authorities", "type": "definition", "offset": [11074, 11097]}, {"key": "services-for", "type": "clause", "offset": [11121, 11133]}, {"key": "electricity-or-gas", "type": "clause", "offset": [11151, 11169]}, {"key": "all-fees", "type": "clause", "offset": [11202, 11210]}, {"key": "application-costs", "type": "clause", "offset": [11231, 11248]}, {"key": "the-account", "type": "clause", "offset": [11277, 11288]}, {"key": "for-approval", "type": "definition", "offset": [11332, 11344]}, {"key": "buildings-or-other-structures", "type": "clause", "offset": [11363, 11392]}, {"key": "sewerage-system", "type": "definition", "offset": [11624, 11639]}, {"key": "drainage-system", "type": "clause", "offset": [11653, 11668]}, {"key": "disposal-of", "type": "clause", "offset": [11738, 11749]}, {"key": "requirements-of-the", "type": "clause", "offset": [11816, 11835]}, {"key": "responsible-authority", "type": "definition", "offset": [11862, 11883]}, {"key": "the-seller-is", "type": "clause", "offset": [11911, 11924]}, {"key": "in-the-process", "type": "definition", "offset": [11925, 11939]}, {"key": "installation-of-the", "type": "clause", "offset": [11957, 11976]}, {"key": "necessary-infrastructure", "type": "definition", "offset": [11977, 12001]}, {"key": "to-provide", "type": "definition", "offset": [12011, 12021]}, {"key": "electronic-mail", "type": "definition", "offset": [12055, 12070]}, {"key": "internet-access", "type": "definition", "offset": [12085, 12100]}, {"key": "telephone-communication", "type": "clause", "offset": [12113, 12136]}, {"key": "satellite-television", "type": "clause", "offset": [12162, 12182]}, {"key": "connection-fees", "type": "clause", "offset": [12253, 12268]}, {"key": "to-the-seller", "type": "definition", "offset": [12355, 12368]}, {"key": "prior-to-the", "type": "clause", "offset": [12499, 12511]}, {"key": "completion-of-the", "type": "clause", "offset": [12512, 12529]}, {"key": "the-systems", "type": "clause", "offset": [12685, 12696]}, {"key": "to-enter", "type": "definition", "offset": [12714, 12722]}, {"key": "contracts-with", "type": "clause", "offset": [12736, 12750]}, {"key": "the-service-providers", "type": "clause", "offset": [12751, 12772]}, {"key": "to-operate", "type": "definition", "offset": [12816, 12826]}, {"key": "communication-systems", "type": "definition", "offset": [12841, 12862]}, {"key": "payment-of-monthly-fees", "type": "clause", "offset": [12886, 12909]}, {"key": "entered-into", "type": "clause", "offset": [12986, 12998]}, {"key": "an-agreement", "type": "clause", "offset": [12999, 13011]}, {"key": "a-service-provider", "type": "definition", "offset": [13017, 13035]}, {"key": "supply-of-electricity", "type": "definition", "offset": [13054, 13075]}, {"key": "residents-of-the", "type": "clause", "offset": [13079, 13095]}, {"key": "payment-to", "type": "clause", "offset": [13133, 13143]}, {"key": "other-party", "type": "definition", "offset": [13175, 13186]}, {"key": "as-the-association", "type": "clause", "offset": [13187, 13205]}, {"key": "capital-contribution", "type": "definition", "offset": [13402, 13422]}, {"key": "construction-of-the", "type": "clause", "offset": [13634, 13653]}, {"key": "agreement-for", "type": "clause", "offset": [13813, 13826]}, {"key": "private-open-spaces", "type": "definition", "offset": [13885, 13904]}, {"key": "of-members", "type": "clause", "offset": [13957, 13967]}, {"key": "the-purpose-of-this-agreement", "type": "clause", "offset": [13985, 14014]}, {"key": "not-limited", "type": "clause", "offset": [14112, 14123]}, {"key": "golf-cart", "type": "definition", "offset": [14177, 14186]}, {"key": "access-to", "type": "definition", "offset": [14215, 14224]}, {"key": "use-and-enjoyment", "type": "clause", "offset": [14234, 14251]}, {"key": "monetary-compensation", "type": "clause", "offset": [14351, 14372]}, {"key": "notarial-deeds", "type": "clause", "offset": [14467, 14481]}, {"key": "to-insure", "type": "clause", "offset": [14613, 14622]}, {"key": "the-insurance-company", "type": "clause", "offset": [14641, 14662]}, {"key": "english-language", "type": "clause", "offset": [14769, 14785]}, {"key": "the-contract", "type": "definition", "offset": [14936, 14948]}, {"key": "to-secure", "type": "clause", "offset": [14975, 14984]}, {"key": "independent-legal-advice", "type": "clause", "offset": [14985, 15009]}, {"key": "the-purchaser-may-not", "type": "clause", "offset": [15195, 15216]}], "samples": [{"hash": "ekINxH60d3A", "uri": "/contracts/ekINxH60d3A#purchasers-acknowledgments", "label": "Contract of Sale", "score": 30.5041402383, "published": true}, {"hash": "e5yTlrGhPn6", "uri": "/contracts/e5yTlrGhPn6#purchasers-acknowledgments", "label": "Contract of Sale", "score": 30.460342357, "published": true}, {"hash": "6RDAW04Fzmz", "uri": "/contracts/6RDAW04Fzmz#purchasers-acknowledgments", "label": "Contract of Sale", "score": 25.7816563997, "published": true}], "size": 11, "hash": "74d482157d6fa33d7ba9b5d7d223db35", "id": 2}, {"snippet": "14.1 The PURCHASER acknowledges that he is aware of the intended future development of the RESORT by the DEVELOPER, which development will consist of upmarket residential dwellings, golf course(s), hotels, commercial properties, private and publicly accessible recreational areas, water body and sports club. It is intended for the development to be aesthetically pleasing and to have a harmonious style which blends with the environment. The PURCHASER hereby undertakes that he will, at all times, co-operate with the DEVELOPER in an endeavour to facilitate the success of the said development. Also in this respect, the PURCHASER undertakes that he shall not unreasonably interfere with any such proposed development nor lodge an objection with any competent authority in respect of any such development. In particular, but without derogating from the generality of the foregoing, the PURCHASER agrees that he will not object to any application made by or on behalf of the DEVELOPER, its nominee or agent for special usage consent, licences for shopping, commercial, filling station rights, rezoning, removal of conditions of title under the Removal of Restrictive Conditions Act or by way of an application to Court or to any local or other competent authority in respect of any property within the RESORT. Again in no way detracting from the generality of the aforesaid, the PURCHASER specifically acknowledges that owners of land surrounding the PROPERTY will be erecting buildings and other structures on surrounding land which may block or otherwise interfere with the views from the PROPERTY. The PURCHASER agrees he shall have no right to object to the construction of any building or other structure on any land within the RESORT on the basis that such building or other structure blocks or otherwise interferes with the views from the PROPERTY, nor will he have any claim for any alleged diminution in value of the PROPERTY arising out of any interference with the views from the PROPERTY by reason of the construction of any such building or structure.\n14.2 The PURCHASER acknowledgesthat:\n14.2.1 for reasons of security on the RESORT and due to the nature of the proposed development of the RESORT and thevarious matters about which any proposed purchaser should become aware when buying into the RESORT, if the PURCHASER wishes to dispose of the PROPERTY or any share therein or any subdivision thereof, or any UNIT in any SCHEME developed on the PROPERTY, he shall, to the extent that he requires theservices of an estate agent in regard tosuch disposal, do soin accordance with this clause;\n14.2.2 this clause is inserted for the benefit of the DEVELOPER, who shall be entitled to enforceits terms by law;\n14.2.3 any owner who acquires the PROPERTY, and who thereafter wishes to dispose of the PROPERTY, shall \u2013\n14.2.3.1 to extent that he requires the services of an estate agent, do so exclusively through an estate agent accredited by the DEVELOPER or the ZLR; and\n14.2.3.2 whether or not he utilises the services of an estate agent, include a clause in any document pursuant by which he disposes of the PROPERTY on the same terms precisely as this clause so that any future owner shall, to the extent that such owner requires the service of an estate agent in regard to the disposal of the PROPERTY, or a UNIT in any SCHEME to be developed on the PROPERTY, be required to appoint only an estate agent accredited by the DEVELOPER or ZLR.\n14.3 The PURCHASER further acknowledges that in the event of the PURCHASER being an artificial person, such as a close corporation, company or trust, and in the event of the member, director, shareholder, trustee or beneficiary of the PURCHASER (as the case may be) wishing to dispose of the member\u2019s interest, shares or beneficial interest in the PURCHASER (as the case may be), the PURCHASER shall procure that such party shall, to the extent that such party requires the services of an estate agent in regard to such disposal, complywith the provisions of paragraph 14.2 of the CONDITIONS OF SALE which shall apply, mutatismutandis.\n14.4 When selling the PROPERTY, the PURCHASER shall utilise such documentation (including the standard Sale Agreement), prescribed by the DEVELOPER.\n14.5 The PURCHASER shall not be entitled to sell or otherwise transfer ownership of the PROPERTY, or a UNIT in a SCHEME developed thereon, unless it is a suspensive condition of such sale or other transfer that \u2013\n14.5.1 the transferee, in a manner acceptable to the ASSOCIATION, agrees to become a member and is admitted as a member of the ASSOCIATION;\n14.5.2 the transferee and, in the event of the transferee being an artificial person, its nominee(s), being accepted as a Silver Member of the Zimbali Lakes Sports Club.\n14.6 Notwithstanding the provisions of clause 11, in the event of a breach of this clause 14, the DEVELOPER shall be entitled in its absolute discretion to refuse its written approval as required to the sale and transfer of the PROPERTY or a UNIT in a SCHEME developed thereon until the provisions of this clause 14 are complied with and no party to this AGREEMENT OF SALE shall have any claim for damages arising out of the DEVELOPER\u2019S refusal to give suchwritten approval.\n14.7 In order to protect the DEVELOPER\u2019S, the ZLR\u2019S and the ASSOCIATION\u2019Srights in this regard, the PROPERTY shall be owned by the PURCHASER, subject to a condition in the Title Deeds to the PROPERTY or a UNIT in a SCHEME developed thereon to the effect that the PROPERTY or a UNIT in a SCHEME developed thereon, or any portion thereof or interest therein shall not be alienated or otherwise transferred without the prior written consent of the ZLR, the ASSOCIATION or the DEVELOPER first being had and obtained, which consent the ZLR, the ASSOCIATION and the DEVELOPER shall grant as provided for in clause 6 of the AGREEMENT.\n14.8 In order to maintain high standards and with a view to ensuring attractive and harmonious development within the RESORT, all owners of immovable property within the RESORT shall be required to adhere to the architectural, landscaping and sustainability controls contained in the RESORT GUIDES and applicable to their particular property as formulated by ZLR and/or the ASSOCIATION. Any dwelling or other structure to be erected on the PROPERTY, or any alteration or extension to any existing dwelling or other structure on the PROPERTY once developed, shall be done strictly in accordancewith the building plans that have been submitted to and approved in writing by the ZLR and the local or any other competent authority and no work whatsoever shall commence until such time as the relevant approval has been obtained.\n14.9 The PURCHASER agrees to accept any changes to the provisions of this clause 14 of the CONDITIONS OF SALE, in respect of the accreditation of estate agents and payment of agents commission, as may in future be agreed to between the DEVELOPER and the ASSOCIATION (which amendments shall be considered binding on the PURCHASER).\n14.10 The PURCHASER acknowledges that it understands the Englishlanguage and considers itself fluent therein.\n14.11 The PURCHASER acknowledges that it has had an opportunity to carefully read and consider the provisions of this AGREEMENT and that it has been free to secure independent legal advice in respect of the provisions of same. In addition, the PURCHASER acknowledges that the SELLER undertook that the SELLER or the CONVEYANCERS would explain any provisions of the AGREEMENT which the PURCHASER may not have understood fully and, to the extent that the PURCHASER made the SELLERaware of any provisions of this AGREEMENT it did not understand, such provisions were fully explained to the PURCHASER.", "snippet_links": [{"key": "development-of-the", "type": "clause", "offset": [72, 90]}, {"key": "by-the-developer", "type": "clause", "offset": [98, 114]}, {"key": "consist-of", "type": "clause", "offset": [139, 149]}, {"key": "residential-dwellings", "type": "definition", "offset": [159, 180]}, {"key": "commercial-properties", "type": "definition", "offset": [206, 227]}, {"key": "publicly-accessible", "type": "definition", "offset": [241, 260]}, {"key": "recreational-areas", "type": "definition", "offset": [261, 279]}, {"key": "water-body", "type": "definition", "offset": [281, 291]}, {"key": "sports-club", "type": "definition", "offset": [296, 307]}, {"key": "the-development", "type": "clause", "offset": [328, 343]}, {"key": "the-environment", "type": "clause", "offset": [422, 437]}, {"key": "at-all-times", "type": "definition", "offset": [485, 497]}, {"key": "the-purchaser-undertakes", "type": "clause", "offset": [618, 642]}, {"key": "proposed-development", "type": "definition", "offset": [698, 718]}, {"key": "competent-authority", "type": "definition", "offset": [751, 770]}, {"key": "in-respect-of", "type": "clause", "offset": [771, 784]}, {"key": "in-particular", "type": "clause", "offset": [807, 820]}, {"key": "the-foregoing", "type": "definition", "offset": [868, 881]}, {"key": "of-the-developer", "type": "clause", "offset": [968, 984]}, {"key": "conditions-of-title", "type": "definition", "offset": [1114, 1133]}, {"key": "restrictive-conditions", "type": "definition", "offset": [1155, 1177]}, {"key": "application-to-court", "type": "clause", "offset": [1198, 1218]}, {"key": "buildings-and-other-structures", "type": "clause", "offset": [1477, 1507]}, {"key": "surrounding-land", "type": "clause", "offset": [1511, 1527]}, {"key": "right-to-object-to", "type": "clause", "offset": [1639, 1657]}, {"key": "construction-of", "type": "clause", "offset": [1662, 1677]}, {"key": "the-basis", "type": "clause", "offset": [1743, 1752]}, {"key": "value-of-the-property", "type": "clause", "offset": [1913, 1934]}, {"key": "arising-out-of", "type": "definition", "offset": [1935, 1949]}, {"key": "the-proposed", "type": "clause", "offset": [2172, 2184]}, {"key": "proposed-purchaser", "type": "clause", "offset": [2250, 2268]}, {"key": "dispose-of", "type": "definition", "offset": [2345, 2355]}, {"key": "any-unit", "type": "clause", "offset": [2421, 2429]}, {"key": "to-the-extent", "type": "clause", "offset": [2481, 2494]}, {"key": "estate-agent", "type": "clause", "offset": [2530, 2542]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [2638, 2656]}, {"key": "any-owner", "type": "clause", "offset": [2729, 2738]}, {"key": "the-services", "type": "definition", "offset": [2864, 2876]}, {"key": "disposes-of", "type": "definition", "offset": [3106, 3117]}, {"key": "same-terms", "type": "clause", "offset": [3138, 3148]}, {"key": "future-owner", "type": "definition", "offset": [3186, 3198]}, {"key": "service-of", "type": "clause", "offset": [3249, 3259]}, {"key": "disposal-of-the-property", "type": "clause", "offset": [3293, 3317]}, {"key": "a-unit", "type": "clause", "offset": [3322, 3328]}, {"key": "of-the-purchaser", "type": "clause", "offset": [3514, 3530]}, {"key": "artificial-person", "type": "definition", "offset": [3540, 3557]}, {"key": "close-corporation", "type": "clause", "offset": [3569, 3586]}, {"key": "the-member", "type": "clause", "offset": [3626, 3636]}, {"key": "beneficiary-of-the", "type": "clause", "offset": [3672, 3690]}, {"key": "the-case", "type": "definition", "offset": [3705, 3713]}, {"key": "beneficial-interest", "type": "definition", "offset": [3777, 3796]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [3836, 3855]}, {"key": "such-party", "type": "clause", "offset": [3869, 3879]}, {"key": "conditions-of-sale", "type": "definition", "offset": [4037, 4055]}, {"key": "selling-the-property", "type": "clause", "offset": [4102, 4122]}, {"key": "the-standard", "type": "clause", "offset": [4182, 4194]}, {"key": "sale-agreement", "type": "clause", "offset": [4195, 4209]}, {"key": "to-sell", "type": "clause", "offset": [4282, 4289]}, {"key": "ownership-of-the-property", "type": "clause", "offset": [4312, 4337]}, {"key": "condition-of", "type": "clause", "offset": [4406, 4418]}, {"key": "sale-or-other-transfer", "type": "clause", "offset": [4424, 4446]}, {"key": "the-transferee", "type": "clause", "offset": [4461, 4475]}, {"key": "to-become-a-member", "type": "clause", "offset": [4527, 4545]}, {"key": "member-of-the-association", "type": "definition", "offset": [4567, 4592]}, {"key": "silver-member", "type": "definition", "offset": [4716, 4729]}, {"key": "notwithstanding-the-provisions-of", "type": "clause", "offset": [4769, 4802]}, {"key": "clause-11", "type": "definition", "offset": [4803, 4812]}, {"key": "clause-14", "type": "clause", "offset": [4847, 4856]}, {"key": "developer-shall", "type": "clause", "offset": [4862, 4877]}, {"key": "discretion-to-refuse", "type": "clause", "offset": [4906, 4926]}, {"key": "written-approval", "type": "clause", "offset": [4931, 4947]}, {"key": "as-required", "type": "clause", "offset": [4948, 4959]}, {"key": "transfer-of-the-property", "type": "clause", "offset": [4976, 5000]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [5047, 5069]}, {"key": "agreement-of-sale", "type": "clause", "offset": [5119, 5136]}, {"key": "claim-for-damages", "type": "clause", "offset": [5152, 5169]}, {"key": "in-order-to", "type": "clause", "offset": [5244, 5255]}, {"key": "by-the-purchaser", "type": "clause", "offset": [5363, 5379]}, {"key": "subject-to", "type": "definition", "offset": [5381, 5391]}, {"key": "title-deeds", "type": "definition", "offset": [5411, 5422]}, {"key": "consent-of-the", "type": "clause", "offset": [5669, 5683]}, {"key": "the-association-and-the", "type": "clause", "offset": [5775, 5798]}, {"key": "clause-6", "type": "definition", "offset": [5840, 5848]}, {"key": "maintain-high-standards", "type": "clause", "offset": [5884, 5907]}, {"key": "with-a-view-to", "type": "definition", "offset": [5912, 5926]}, {"key": "immovable-property", "type": "clause", "offset": [6007, 6025]}, {"key": "adhere-to", "type": "clause", "offset": [6065, 6074]}, {"key": "contained-in", "type": "definition", "offset": [6134, 6146]}, {"key": "applicable-to", "type": "clause", "offset": [6169, 6182]}, {"key": "existing-dwelling", "type": "definition", "offset": [6355, 6372]}, {"key": "building-plans", "type": "definition", "offset": [6469, 6483]}, {"key": "in-writing", "type": "clause", "offset": [6525, 6535]}, {"key": "authority-and", "type": "clause", "offset": [6584, 6597]}, {"key": "no-work", "type": "clause", "offset": [6598, 6605]}, {"key": "relevant-approval", "type": "definition", "offset": [6655, 6672]}, {"key": "changes-to-the", "type": "definition", "offset": [6732, 6746]}, {"key": "payment-of", "type": "definition", "offset": [6856, 6866]}, {"key": "agreed-to", "type": "clause", "offset": [6906, 6915]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [7232, 7260]}, {"key": "to-secure", "type": "clause", "offset": [7287, 7296]}, {"key": "independent-legal-advice", "type": "clause", "offset": [7297, 7321]}, {"key": "in-addition", "type": "clause", "offset": [7360, 7371]}, {"key": "the-seller", "type": "clause", "offset": [7405, 7415]}, {"key": "provisions-of-the-agreement", "type": "clause", "offset": [7480, 7507]}, {"key": "the-purchaser-may-not", "type": "clause", "offset": [7514, 7535]}], "samples": [{"hash": "iAVIWzIMbbI", "uri": "/contracts/iAVIWzIMbbI#purchasers-acknowledgments", "label": "Offer to Purchase", "score": 26.1649555099, "published": true}, {"hash": "5YVfq9uo9w0", "uri": "/contracts/5YVfq9uo9w0#purchasers-acknowledgments", "label": "Offer to Purchase", "score": 26.1197809719, "published": true}], "size": 10, "hash": "6abec768f4e0f9d9a1a281a79c9a3267", "id": 3}, {"snippet": "5.1 The Purchaser acknowledges and agrees (on its own behalf and, if applicable, on behalf of each beneficial purchaser for whom the Purchaser is contracting hereunder) with the Company (which acknowledgements and agreements shall survive the Closing) that:\n(a) This subscription forms part of the Offering.\n(b) The Units are subject to resale restrictions under applicable Securities Laws (defined below) and the Purchaser covenants that it will not resell the Units (or any securities underlying the Units or that may be issued in connection with the Units), except in compliance with such laws and the Purchaser acknowledges that it is solely responsible (and the Company is not in any way responsible) for such compliance. The Purchaser is advised to consult the Purchaser\u2019s own legal advisors in this regard. For purposes of this Agreement, \u201cSecurities Laws\u201d means the Securities Act (British Columbia) (the \u201cB.C. Act\u201d), the 1933 Act, and the rules and regulations promulgated thereunder and all orders, rulings, published policy statements, notices, interpretation notes, directions and instruments thereunder and, if the Purchaser is not resident in British Columbia, also means the Other Applicable Securities Laws.", "snippet_links": [{"key": "if-applicable", "type": "clause", "offset": [66, 79]}, {"key": "on-behalf-of", "type": "clause", "offset": [81, 93]}, {"key": "beneficial-purchaser", "type": "definition", "offset": [99, 119]}, {"key": "acknowledgements-and-agreements", "type": "clause", "offset": [193, 224]}, {"key": "shall-survive-the-closing", "type": "clause", "offset": [225, 250]}, {"key": "subscription-forms", "type": "clause", "offset": [267, 285]}, {"key": "the-offering", "type": "clause", "offset": [294, 306]}, {"key": "the-units", "type": "clause", "offset": [312, 321]}, {"key": "subject-to", "type": "definition", "offset": [326, 336]}, {"key": "resale-restrictions", "type": "definition", "offset": [337, 356]}, {"key": "purchaser-covenants", "type": "clause", "offset": [414, 433]}, {"key": "in-connection-with", "type": "clause", "offset": [530, 548]}, {"key": "in-compliance-with", "type": "definition", "offset": [568, 586]}, {"key": "and-the-company", "type": "clause", "offset": [659, 674]}, {"key": "to-consult", "type": "definition", "offset": [752, 762]}, {"key": "legal-advisors", "type": "clause", "offset": [783, 797]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [814, 844]}, {"key": "the-securities-act", "type": "clause", "offset": [870, 888]}, {"key": "british-columbia", "type": "definition", "offset": [890, 906]}, {"key": "the-1933-act", "type": "clause", "offset": [926, 938]}, {"key": "rules-and-regulations", "type": "definition", "offset": [948, 969]}, {"key": "policy-statements", "type": "definition", "offset": [1028, 1045]}, {"key": "resident-in", "type": "clause", "offset": [1145, 1156]}, {"key": "other-applicable-securities-laws", "type": "definition", "offset": [1190, 1222]}], "samples": [{"hash": "7eUW3duwAb1", "uri": "/contracts/7eUW3duwAb1#purchasers-acknowledgments", "label": "Subscription Agreement (Silver Bull Resources, Inc.)", "score": 31.8364134155, "published": true}, {"hash": "knEPoHBK1ZS", "uri": "/contracts/knEPoHBK1ZS#purchasers-acknowledgments", "label": "Subscription Agreement (Silver Bull Resources, Inc.)", "score": 29.6351813826, "published": true}, {"hash": "40NMw2ElWwx", "uri": "/contracts/40NMw2ElWwx#purchasers-acknowledgments", "label": "Subscription Agreement (Silver Bull Resources, Inc.)", "score": 29.5667351129, "published": true}], "size": 7, "hash": "b83c548d99766c198d2a66c282757d80", "id": 4}, {"snippet": "Purchaser acknowledges that he or she: (i) has read this Agreement; (ii) has been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of Purchaser\u2019s own choice or has voluntarily declined to seek such counsel; (iii) understands the terms and consequences of this Agreement; (iv) is fully aware of the legal and binding effect of this Agreement; and (v) understands that the law firm of \u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP is acting as counsel to the Company in connection with the transactions contemplated by the Agreement, and is not acting as counsel for Purchaser.", "snippet_links": [{"key": "execution-of-this-agreement", "type": "clause", "offset": [131, 158]}, {"key": "legal-counsel", "type": "definition", "offset": [162, 175]}, {"key": "of-purchaser", "type": "clause", "offset": [176, 188]}, {"key": "terms-and", "type": "clause", "offset": [274, 283]}, {"key": "consequences-of", "type": "definition", "offset": [284, 299]}, {"key": "binding-effect-of-this-agreement", "type": "clause", "offset": [353, 385]}, {"key": "the-law-firm", "type": "definition", "offset": [412, 424]}, {"key": "in-connection-with", "type": "clause", "offset": [492, 510]}, {"key": "transactions-contemplated", "type": "clause", "offset": [515, 540]}, {"key": "the-agreement", "type": "clause", "offset": [544, 557]}, {"key": "for-purchaser", "type": "clause", "offset": [588, 601]}], "samples": [{"hash": "vZPtcNBWW7", "uri": "/contracts/vZPtcNBWW7#purchasers-acknowledgments", "label": "Restricted Stock Purchase Agreement (ARCA Biopharma, Inc.)", "score": 35.3655030801, "published": true}, {"hash": "cT60HAx90Ch", "uri": "/contracts/cT60HAx90Ch#purchasers-acknowledgments", "label": "Restricted Stock Purchase Agreement (Aerovate Therapeutics, Inc.)", "score": 33.9212867899, "published": true}], "size": 5, "hash": "828612244f10ed58b07c28eca149ff6b", "id": 5}, {"snippet": "(Buyer initial) \u2587\u2587\u2587\u2587\u2587 has received the pamphlet Protect Your Family from Lead in Your Home. Buyer has (check one below): Waived the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint and/or lead-based paint hazards; or", "snippet_links": [{"key": "buyer-initial", "type": "definition", "offset": [1, 14]}, {"key": "your-family", "type": "definition", "offset": [56, 67]}, {"key": "in-your-home", "type": "clause", "offset": [78, 90]}, {"key": "check-one-below", "type": "clause", "offset": [103, 118]}, {"key": "the-opportunity", "type": "clause", "offset": [128, 143]}, {"key": "risk-assessment", "type": "definition", "offset": [157, 172]}, {"key": "based-paint", "type": "clause", "offset": [212, 223]}], "samples": [{"hash": "ihZHkjcONxO", "uri": "/contracts/ihZHkjcONxO#purchasers-acknowledgments", "label": "Purchase Agreement", "score": 25.9282773453, "published": true}, {"hash": "cPpprkZshK5", "uri": "/contracts/cPpprkZshK5#purchasers-acknowledgments", "label": "Purchase Agreement", "score": 22.2826830938, "published": true}, {"hash": "5EGJeqWyKkM", "uri": "/contracts/5EGJeqWyKkM#purchasers-acknowledgments", "label": "Purchase Agreement", "score": 22.2005475702, "published": true}], "size": 4, "hash": "0df8b1f7104985175d2ce7c4f8dd3573", "id": 6}, {"snippet": "9.1 The Purchaser acknowledges that:\n9.1.1 the Share Block is sold and purchased and voetstoots without any warranties or representations (other than those set out in clause 8), either express or implied, and with all defects, if any, latent or patent, that may exist both in respect of the Company and the Company\u2019s assets;\n9.1.2 the Purchaser accepts the use of the Share Block and the Residences, with effect from the Effective Date, in accordance with the terms of the Use Agreement, the Rules and the MOI on a voetstoots basis;\n9.1.3 the Purchaser has seen, understood, accepted and agreed to be bound by and will duly observe the contents and provisions of;\n9.1.3.1 the MOI of the Company;\n9.1.3.2 the Use Agreement; and", "snippet_links": [{"key": "the-purchaser", "type": "definition", "offset": [4, 17]}, {"key": "share-block", "type": "definition", "offset": [47, 58]}, {"key": "warranties-or-representations", "type": "clause", "offset": [108, 137]}, {"key": "set-out", "type": "definition", "offset": [156, 163]}, {"key": "in-clause", "type": "clause", "offset": [164, 173]}, {"key": "and-the-company", "type": "clause", "offset": [299, 314]}, {"key": "from-the-effective-date", "type": "clause", "offset": [412, 435]}, {"key": "in-accordance-with", "type": "definition", "offset": [437, 455]}, {"key": "the-use-agreement", "type": "definition", "offset": [469, 486]}, {"key": "the-rules", "type": "clause", "offset": [488, 497]}, {"key": "accepted-and-agreed-to", "type": "definition", "offset": [575, 597]}, {"key": "provisions-of", "type": "clause", "offset": [649, 662]}], "samples": [{"hash": "gYYRtINM0OX", "uri": "/contracts/gYYRtINM0OX#purchasers-acknowledgments", "label": "Sale Agreement", "score": 28.1592319232, "published": true}, {"hash": "kg4aTTqc0tN", "uri": "/contracts/kg4aTTqc0tN#purchasers-acknowledgments", "label": "Sale Agreement", "score": 28.0771108958, "published": true}, {"hash": "gDFgBh0Hs05", "uri": "/contracts/gDFgBh0Hs05#purchasers-acknowledgments", "label": "Sale Agreement", "score": 25.8926915668, "published": true}], "size": 3, "hash": "01898d61bfb149b52f52755118342db0", "id": 7}, {"snippet": "4.1 The Purchaser acknowledges and agrees (on its own behalf and, if applicable, on behalf of each beneficial purchaser for whom the Purchaser is contracting hereunder) with the Corporation (which acknowledgements and agreements shall survive the Closing) as follows:\n(a) This subscription forms part of the Offering.\n(b) The Securities are subject to resale restrictions under applicable securities laws and the Purchaser covenants that it will not resell the Securities except in compliance with such laws and the Purchaser acknowledges that it is solely responsible (and the Corporation is not in any way responsible) for such compliance. The Purchaser is advised to consult the Purchaser\u2019s own legal advisors in this regard.\n(c) The Units are being offered for sale only on a \u201cprivate placement\u201d basis.\n(d) In purchasing the Units, the Purchaser has relied solely upon publicly available information relating to the Corporation and not upon any oral or written representation as to any fact or otherwise made by or on behalf of the Corporation or any other person associated therewith, the decision to purchase the Units was made on the basis of publicly available information.", "snippet_links": [{"key": "if-applicable", "type": "clause", "offset": [66, 79]}, {"key": "beneficial-purchaser", "type": "definition", "offset": [99, 119]}, {"key": "acknowledgements-and-agreements", "type": "clause", "offset": [197, 228]}, {"key": "shall-survive-the-closing", "type": "clause", "offset": [229, 254]}, {"key": "subscription-forms", "type": "clause", "offset": [277, 295]}, {"key": "the-offering", "type": "clause", "offset": [304, 316]}, {"key": "the-securities", "type": "definition", "offset": [322, 336]}, {"key": "subject-to", "type": "definition", "offset": [341, 351]}, {"key": "resale-restrictions", "type": "definition", "offset": [352, 371]}, {"key": "applicable-securities-laws", "type": "definition", "offset": [378, 404]}, {"key": "purchaser-covenants", "type": "clause", "offset": [413, 432]}, {"key": "in-compliance-with", "type": "definition", "offset": [479, 497]}, {"key": "to-consult", "type": "definition", "offset": [667, 677]}, {"key": "legal-advisors", "type": "clause", "offset": [698, 712]}, {"key": "the-units", "type": "clause", "offset": [733, 742]}, {"key": "offered-for-sale", "type": "definition", "offset": [753, 769]}, {"key": "private-placement", "type": "definition", "offset": [781, 798]}, {"key": "publicly-available-information", "type": "definition", "offset": [873, 903]}, {"key": "to-the-corporation", "type": "clause", "offset": [913, 931]}, {"key": "of-the-corporation", "type": "clause", "offset": [1029, 1047]}, {"key": "any-other-person", "type": "definition", "offset": [1051, 1067]}, {"key": "decision-to-purchase", "type": "clause", "offset": [1094, 1114]}, {"key": "basis-of", "type": "clause", "offset": [1141, 1149]}], "samples": [{"hash": "iIvYgYjTkdc", "uri": "/contracts/iIvYgYjTkdc#purchasers-acknowledgments", "label": "Subscription Agreement (A2Z Smart Technologies Corp)", "score": 32.2320328542, "published": true}, {"hash": "9RTC7m5TvDB", "uri": "/contracts/9RTC7m5TvDB#purchasers-acknowledgments", "label": "Subscription Agreement (A2Z Smart Technologies Corp)", "score": 32.2320328542, "published": true}], "size": 3, "hash": "2a618ffc5c493ccb05dcb762d0f35c0f", "id": 8}, {"snippet": "(a) Purchaser is experienced and sophisticated with respect to transactions of the type contemplated by this Agreement and the other Transaction Documents. In consultation with experienced counsel and advisors of its choice, Purchaser has conducted its own independent review, analysis and investigations of the Business, the Acquired Assets, the Assumed Liabilities, and the rights and obligations it is acquiring and assuming under this Agreement and the other Transaction Documents, as it deems necessary and appropriate in connection with the execution and delivery of this Agreement and the other Transaction Documents to which it is a party, and the consummation of the transactions contemplated hereby and thereby.\n(b) Purchaser acknowledges and agrees that:\n(i) except for the representations and warranties expressly set forth in Article IV, Purchaser has not relied on any representation or warranty from Sellers or any Affiliate of any such Person or any employee, officer, director, accountant, financial, legal or other representative of Sellers, in determining whether to enter into this Agreement and none of Sellers or any other Person (including any officer, director, member or partner of any Seller or its Affiliates) shall have or be subject to any liability to Purchaser, or any other Person, resulting from Purchaser\u2019s use of any information, documents or materials made available to Purchaser in any \u201cdata rooms\u201d, management presentations, due diligence or in any other form in expectation of the transactions contemplated by this Agreement or the other Transaction Documents;\n(ii) except for the representations and warranties expressly set forth in Article IV, none of Sellers or any employee, officer, director, accountant, financial, legal or other representative of Sellers, has made or will be deemed to have made any representation or warranty, statutory, express or implied, written or oral, at Law or in equity, as to the Business (or the value or future thereof, including with respect to pro forma financial information, financial projections or other forward-looking statements of Sellers), the Acquired Assets (including any implied representation or warranty as to the condition, merchantability, suitability or fitness for a particular purpose of any of the Acquired Assets, the Assumed Liabilities or any Affiliate of any such Person or the accuracy or completeness of any information regarding any of the foregoing that Sellers or any other Person furnished or made available to Purchaser and its representatives (including any projections, estimates, budgets, offering memoranda, management presentations or due diligence materials)), Sellers\u2019 operations, assets, stock, Liabilities or prospects, or the transactions contemplated by this Agreement or the Transaction Documents, and Purchaser will make no claim with respect thereto;\n(iii) except for the representations and warranties expressly set forth in Article IV, and subject to the terms of the Bankruptcy Consents, Purchaser or any Designated Purchaser shall acquire the Acquired Assets on an \u201cas is\u201d and \u201cwhere is\u201d basis without any warranty whatsoever, legal or conventional, at Purchaser\u2019s own risk;\n(iv) the enforceability of this Agreement against Sellers is subject to receipt of the Bankruptcy Consents; and\n(v) notwithstanding anything to the contrary contained herein, Purchaser\u2019s obligations to consummate the transactions contemplated by this Agreement or other Transaction Documents are not conditioned or contingent in any way upon the receipt of financing from any Person.\n(c) EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES SET FORTH IN Article IV, PURCHASER ACKNOWLEDGES THAT SELLERS HAVE NOT GIVEN AND WILL NOT BE DEEMED TO HAVE GIVEN ANY OTHER REPRESENTATIONS OR WARRANTIES, STATUTORY, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AND, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, ANY AND ALL CONDITIONS, WARRANTIES OR REPRESENTATIONS EXPRESSED OR IMPLIED PURSUANT TO THE SALE OF GOODS ACT (ONTARIO), THE CIVIL CODE OF QU\u00c9BEC OR SIMILAR LEGISLATION DO NOT APPLY HERETO AND ARE HEREBY WAIVED BY PURCHASER.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [47, 62]}, {"key": "other-transaction-documents", "type": "clause", "offset": [127, 154]}, {"key": "in-consultation-with", "type": "definition", "offset": [156, 176]}, {"key": "counsel-and-advisors", "type": "clause", "offset": [189, 209]}, {"key": "independent-review", "type": "clause", "offset": [257, 275]}, {"key": "the-business", "type": "clause", "offset": [308, 320]}, {"key": "the-acquired-assets", "type": "clause", "offset": [322, 341]}, {"key": "assumed-liabilities", "type": "clause", "offset": [347, 366]}, {"key": "the-rights-and-obligations", "type": "clause", "offset": [372, 398]}, {"key": "necessary-and-appropriate", "type": "definition", "offset": [498, 523]}, {"key": "in-connection-with", "type": "clause", "offset": [524, 542]}, {"key": "execution-and-delivery-of-this-agreement", "type": "clause", "offset": [547, 587]}, {"key": "a-party", "type": "clause", "offset": [639, 646]}, {"key": "consummation-of-the-transactions", "type": "clause", "offset": [656, 688]}, {"key": "contemplated-hereby", "type": "clause", "offset": [689, 708]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [781, 815]}, {"key": "article-iv", "type": "definition", "offset": [839, 849]}, {"key": "representation-or-warranty", "type": "clause", "offset": [883, 909]}, {"key": "affiliate-of", "type": "definition", "offset": [930, 942]}, {"key": "any-employee", "type": "clause", "offset": [962, 974]}, {"key": "representative-of-sellers", "type": "clause", "offset": [1033, 1058]}, {"key": "to-enter", "type": "definition", "offset": [1083, 1091]}, {"key": "any-other-person", "type": "definition", "offset": [1135, 1151]}, {"key": "to-purchaser", "type": "definition", "offset": [1279, 1291]}, {"key": "resulting-from", "type": "definition", "offset": [1314, 1328]}, {"key": "available-to", "type": "definition", "offset": [1393, 1405]}, {"key": "data-rooms", "type": "definition", "offset": [1424, 1434]}, {"key": "management-presentations", "type": "definition", "offset": [1437, 1461]}, {"key": "agreement-or", "type": "definition", "offset": [1554, 1566]}, {"key": "the-value", "type": "clause", "offset": [1967, 1976]}, {"key": "pro-forma-financial-information", "type": "definition", "offset": [2022, 2053]}, {"key": "financial-projections", "type": "clause", "offset": [2055, 2076]}, {"key": "other-forward", "type": "clause", "offset": [2080, 2093]}, {"key": "the-condition", "type": "clause", "offset": [2202, 2215]}, {"key": "purpose-of", "type": "clause", "offset": [2274, 2284]}, {"key": "accuracy-or-completeness", "type": "clause", "offset": [2380, 2404]}, {"key": "information-regarding", "type": "clause", "offset": [2412, 2433]}, {"key": "offering-memoranda", "type": "clause", "offset": [2601, 2619]}, {"key": "due-diligence-materials", "type": "clause", "offset": [2649, 2672]}, {"key": "the-transaction-documents", "type": "clause", "offset": [2792, 2817]}, {"key": "purchaser-will", "type": "clause", "offset": [2823, 2837]}, {"key": "no-claim", "type": "definition", "offset": [2843, 2851]}, {"key": "terms-of-the", "type": "clause", "offset": [2980, 2992]}, {"key": "bankruptcy-consents", "type": "definition", "offset": [2993, 3012]}, {"key": "designated-purchaser", "type": "definition", "offset": [3031, 3051]}, {"key": "at-purchaser", "type": "definition", "offset": [3177, 3189]}, {"key": "own-risk", "type": "clause", "offset": [3192, 3200]}, {"key": "enforceability-of-this-agreement", "type": "clause", "offset": [3211, 3243]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [3318, 3368]}, {"key": "receipt-of-financing", "type": "clause", "offset": [3548, 3568]}, {"key": "any-person", "type": "definition", "offset": [3574, 3584]}, {"key": "other-representations-or-warranties", "type": "clause", "offset": [3753, 3788]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [3971, 4019]}, {"key": "all-conditions", "type": "definition", "offset": [4029, 4043]}, {"key": "warranties-or-representations", "type": "clause", "offset": [4045, 4074]}, {"key": "sale-of-goods-act", "type": "clause", "offset": [4112, 4129]}, {"key": "civil-code-of-qu\u00e9bec", "type": "definition", "offset": [4145, 4165]}, {"key": "by-purchaser", "type": "clause", "offset": [4231, 4243]}], "samples": [{"hash": "dFnTpeaN2nx", "uri": "/contracts/dFnTpeaN2nx#purchasers-acknowledgments", "label": "Asset Purchase Agreement (Performance Sports Group Ltd.)", "score": 27.8309377139, "published": true}], "size": 2, "hash": "e0e862d035f69f24ac602fcbff405d8c", "id": 9}, {"snippet": "3.1 The purchaser hereby acknowledges that \"RIVER GOOSE\", a country estate, shall consist of:\n3.1.1 a secure residential estate with perimeter security and a controlled access gate;\n3.1.2 homeowner's office;\n3.1.3 an area of approximately 22 hectares, to be set aside for open space.\n3.2 The purchaser acknowledges and accepts that no building shall be permitted on the property unless and until:-\n3.2.1 that the building plans, which shall have been prepared by one of the developer's nominated architects have been approved by the Building Committee constituted in terms of clause 7 of this agreement as substantially complying with the architectural code annexed hereto marked \"B\".\n3.2.2 that the building plans have been approved by the Umgeni Local Authority;\n3.3 The purchaser hereby acknowledges that the purchaser shall not be entitled to subdivide the property and that a condition to this effect shall be registered in the title deeds of the property.\n3.4 The purchaser hereby acknowledges that the purchaser shall be obliged to pay the connection fee prescribed by the local authority upon the connection of water and electricity. In the event that the Developer has pre-paid the connection fee then the purchaser will have to pay this directly to Developer.\n3.5 The purchaser hereby acknowledges that the purchaser shall at the purchaser's expense build an adequate sceptic tank and french drain sewerage system for any building on the property and contract and pay for the connection of domestic electricity supply connections from DB to kiosk.\n3.6 The purchasers hereby acknowledge that the purchaser shall at the purchaser's expense construct the purchaser's driveway access over the roadside stormwater drainage channel to a design approved by the Developer's engineer.\n3.7 The purchasers hereby acknowledge that they will largely adhere to the Environmental Management Plan which will be included in the sales documentation and will be deemed to be binding on the purchaser.", "snippet_links": [{"key": "consist-of", "type": "clause", "offset": [82, 92]}, {"key": "security-and", "type": "clause", "offset": [143, 155]}, {"key": "controlled-access", "type": "clause", "offset": [158, 175]}, {"key": "set-aside", "type": "clause", "offset": [258, 267]}, {"key": "for-open-space", "type": "clause", "offset": [268, 282]}, {"key": "building-plans", "type": "definition", "offset": [413, 427]}, {"key": "prepared-by", "type": "definition", "offset": [451, 462]}, {"key": "of-the-developer", "type": "clause", "offset": [467, 483]}, {"key": "approved-by", "type": "definition", "offset": [517, 528]}, {"key": "building-committee", "type": "definition", "offset": [533, 551]}, {"key": "terms-of", "type": "definition", "offset": [567, 575]}, {"key": "clause-7", "type": "clause", "offset": [576, 584]}, {"key": "this-agreement", "type": "clause", "offset": [588, 602]}, {"key": "complying-with", "type": "clause", "offset": [620, 634]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [808, 827]}, {"key": "title-deeds", "type": "definition", "offset": [933, 944]}, {"key": "to-pay", "type": "clause", "offset": [1036, 1042]}, {"key": "connection-fee", "type": "definition", "offset": [1047, 1061]}, {"key": "the-local-authority", "type": "clause", "offset": [1076, 1095]}, {"key": "water-and-electricity", "type": "clause", "offset": [1119, 1140]}, {"key": "in-the-event", "type": "clause", "offset": [1142, 1154]}, {"key": "the-purchaser-will", "type": "clause", "offset": [1211, 1229]}, {"key": "to-developer", "type": "clause", "offset": [1256, 1268]}, {"key": "sewerage-system", "type": "definition", "offset": [1408, 1423]}, {"key": "building-on-the-property", "type": "clause", "offset": [1432, 1456]}, {"key": "pay-for", "type": "clause", "offset": [1474, 1481]}, {"key": "electricity-supply", "type": "clause", "offset": [1509, 1527]}, {"key": "the-purchasers", "type": "clause", "offset": [1562, 1576]}, {"key": "hereby-acknowledge", "type": "clause", "offset": [1577, 1595]}, {"key": "access-over", "type": "clause", "offset": [1683, 1694]}, {"key": "drainage-channel", "type": "definition", "offset": [1719, 1735]}, {"key": "by-the-developer", "type": "clause", "offset": [1757, 1773]}, {"key": "adhere-to", "type": "clause", "offset": [1847, 1856]}, {"key": "environmental-management-plan", "type": "definition", "offset": [1861, 1890]}, {"key": "sales-documentation", "type": "definition", "offset": [1921, 1940]}], "samples": [{"hash": "85qHE9Ezf4a", "uri": "/contracts/85qHE9Ezf4a#purchasers-acknowledgments", "label": "Sale Agreement", "score": 23.7821811625, "published": true}], "size": 1, "hash": "faa1a12585e6a3b7be3ccbd29886d87f", "id": 10}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiNwdXJjaGFzZXJzLWFja25vd2xlZGdtZW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["buyer-acknowledgments", "BUYER ACKNOWLEDGMENTS"], ["all-eligible-purchasers", "All Eligible Purchasers"], ["all-international-purchasers", "All International Purchasers"], ["representations-and-warranties-of-purchaser", "REPRESENTATIONS AND WARRANTIES OF PURCHASER"]], "size": 87, "children": [["", ""], ["the-rules", "the Rules"], ["purchasers-own-inquiries", "Purchaser\u2019s own inquiries"], ["geotechnical-suitability", "Geotechnical suitability"], ["no-warranties", "No Warranties"]], "title": "PURCHASER\u2019S ACKNOWLEDGMENTS", "id": "purchasers-acknowledgments", "related": [["additional-acknowledgments", "Additional Acknowledgments", "Additional Acknowledgments"], ["system-acknowledgments", "System Acknowledgments", "System Acknowledgments"], ["risk-acknowledgment", "Risk Acknowledgment", "Risk Acknowledgment"], ["certain-acknowledgments", "Certain Acknowledgments", "Certain Acknowledgments"], ["executives-acknowledgment", "Executive\u2019s Acknowledgment", "Executive\u2019s Acknowledgment"]], "related_snippets": [], "updated": "2025-07-07T12:36:18+00:00", "also_ask": ["What key admissions should the purchaser be required to make in this clause?", "How can this clause be leveraged to limit post-closing liability for the seller?", "What are the most common pitfalls or overbroad acknowledgments that could harm the purchaser?", "How does this clause compare to standard market practice in similar transactions?", "What factors determine whether courts will enforce broad purchaser acknowledgments?"], "drafting_tip": null, "explanation": "The \"Purchaser\u2019s Acknowledgments\" clause serves to formally record the buyer\u2019s recognition and acceptance of certain facts, disclosures, or conditions related to the transaction. Typically, this clause outlines specific information the purchaser has been made aware of, such as the property\u2019s condition, any known defects, or the limitations of warranties provided. By including this clause, the agreement ensures that the purchaser cannot later claim ignorance of these matters, thereby reducing the seller\u2019s risk of future disputes and clarifying the parties\u2019 understanding at the time of sale."}, "json": true, "cursor": ""}}