RESOLUTIVE CONDITION. It is recorded that the Purchaser hereby accepts that the viability of the Development Scheme is dependent on the response by the public to the marketing campaign. Accordingly, this entire contract, when accepted by the signature of the Seller, shall be subject to the resolutive condition that should the Seller not be able to conclude sufficient satisfactory agreements of sale with third parties, in the absolute discretion of the Seller, on or before the end of MAY 2021, this contract shall become null and void ab initio and of no further force or effect. For purposes of the interpretation of this clause, the meaning an interpretation of “enough satisfactory agreements” shall be in the absolute discretion of the Seller. The Seller to advise the Purchaser within 3 (three) months from the end of MAY 2021 that no enough satisfactory agreements have been concluded and that the agreement has been terminated, by failure whereof it will be regarded that this resolutive condition has either not been fulfilled or has been waived by the Seller.
RESOLUTIVE CONDITION. 20.1 The purchaser acknowledges that the viability of the seller undertaking the development, is dependent on, inter alia, the response by the public to the marketing campaign to be conducted by the seller in respect thereof and the level of sales achieved. Accordingly, the seller shall be entitled, should it in its sole and absolute discretion, determine that the scheme is not viable and on written notice to the purchaser, resile from this agreement.
RESOLUTIVE CONDITION. 22.1 The Purchaser acknowledges that the economic viability of the development of the Scheme depends largely on the response by the purchasing public to the advertising campaign launched by the Seller and/or the Agent in respect of the development. In the event that the Seller is of the opinion that the development will not be financially viable or if the Seller has not managed to successfully sell a sufficient number of units in the Scheme, the Seller may give notice of the termination of this Agreement, in which event this Agreement shall immediately terminate and be null and void, save for the Seller’s obligation to refund to the Purchaser the Reservation Deposit as contemplated below. For clarity purposes, this obligation of the Seller to refund the Reservation Deposit shall survive the termination of this Agreement.
RESOLUTIVE CONDITION. 13.1 This Agreement is subject thereto that the Agreement of Sale, concluded simultaneously herewith, not be cancelled or terminated.
RESOLUTIVE CONDITION. 4.1. In the event that:
RESOLUTIVE CONDITION. This agreement is subject to the resolutive condition that the Seller shall be entitled to resile from this agreement, with full restitution, if by 29 March 2019 the Seller has not yet sold at least 17 (Seventeen) Xxxxx in the Development, which are recognised as presales by Investec Bank.
RESOLUTIVE CONDITION. 5.1. In the event that the Customer is a legal entity that is not registered in South Africa and/or any SA being contemplated at the time of signing this Agreement involves payment to DMB Data in a currency other than South African Rand, this Agreement shall be subject to the Resolutive Condition that DMB Data obtains the necessary approval from South African Reserve Bank by no later than 17h00 on a date which is six (6) months after the Effective Date.
RESOLUTIVE CONDITION. 3.1 Notwithstanding any provision to the contrary in this 18 (eighteen) months from the Signature Date, the Agreement, within Seller in its sole discretion, shall have the right to resile from this Agreement, should the Seller not:
RESOLUTIVE CONDITION. The agreement is concluded under the resolutive condition that the student meets the conditions to be admitted to the work placement no later than at the start of the work placement period. The exact conditions for admission to the work placement are mentioned in the applicable Education and Examination Rules and/or the work placement rules.
RESOLUTIVE CONDITION. The Parties acknowledge that this Agreement shall be entered into under the resolutive condition, as set forth in articles 127 and 128 of the Civil Code, in the sense that such Agreement may be immediately terminated in the event the CBD’s Partial Spin-off has not been approved by the shareholders of the Parties, and/or the Corporate Reorganization or Distribution has not been implemented through June 30, 2021 (“Resolutive Condition”).
