Common use of RESOLUTIVE CONDITION Clause in Contracts

RESOLUTIVE CONDITION. 27.1 The purchaser acknowledges that the viability of the scheme 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 determine, in its sole and absolute discretion that the scheme is not viable and on written notice, to the purchaser, resile from this agreement. 27.2 The seller shall be entitled to exercise its rights in 27.1 during the period up to and including 30 August 2015 wherafter the seller's rights shall lapse. 27.3 In the event of the seller exercising its rights in 27.2 timeously, this agreement shall resolve and shall no longer be of any force or effect and the deposit together with all interest thereon shall be refunded to the purchaser.

Appears in 2 contracts

Sources: Annexure to Agreement of Sale, Annexure to Agreement of Sale

RESOLUTIVE CONDITION. 27.1 19.1 The purchaser acknowledges that the viability of the scheme seller undertaking the development, is dependent on on, inter alia 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 determine, in its sole and absolute discretion discretion, determine that the scheme is not viable and on written notice, notice to the purchaser, resile from this agreement. 27.2 19.2 The seller shall be entitled to exercise its rights in 27.1 19.1 during the period from signature of the agreement up to and including 30 August 2015 wherafter November 2021, whereafter the seller's rights shall lapse. 27.3 19.3 In the event of the seller exercising its rights in 27.2 19.2 timeously, this agreement shall resolve and shall no longer be of any force or effect and the deposit securing amount together with all interest thereon shall be refunded to the purchaser.

Appears in 2 contracts

Sources: General Conditions of Sale, General Conditions of Sale

RESOLUTIVE CONDITION. 27.1 20.1 The purchaser acknowledges that the viability of the scheme seller undertaking the development, is dependent on on, inter alia 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 determine, in its sole and absolute discretion discretion, determine that the scheme is not viable and on written notice, notice to the purchaser, resile from this agreement. 27.2 20.2 The seller shall be entitled to exercise its rights in 27.1 20.1 during the period from signature of the agreement up to and including 30 August 2015 wherafter 1 November 2022, whereafter the seller's rights shall lapse. 27.3 20.3 In the event of the seller exercising its rights in 27.2 20.2 timeously, this agreement shall resolve and shall no longer be of any force or effect and the deposit together with all interest thereon shall be refunded to the purchaser.

Appears in 2 contracts

Sources: Agreement of Sale, Agreement of Sale

RESOLUTIVE CONDITION. 27.1 20.1 The purchaser acknowledges that the viability of the scheme seller undertaking the development, is dependent on on, inter alia 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 determine, in its sole and absolute discretion discretion, determine that the scheme is not viable and on written notice, notice to the purchaser, resile from this agreement. 27.2 20.2 The seller shall be entitled to exercise its rights in 27.1 20.1 during the period from signature of the agreement up to and including 30 August 2015 wherafter 31 October 2021, whereafter the seller's rights shall lapse.. [instructions please] 27.3 20.3 In the event of the seller exercising its rights in 27.2 20.2 timeously, this agreement shall resolve and shall no longer be of any force or effect and the deposit together with all interest thereon shall be refunded to the purchaser.

Appears in 1 contract

Sources: Sale Agreement

RESOLUTIVE CONDITION. 27.1 23.1 The purchaser acknowledges that the viability of the scheme seller undertaking the development, is dependent on on, inter alia 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 determine, in its sole and absolute discretion discretion, determine that the scheme scheme, or a phase thereof, is not viable and on written notice, notice to the purchaser, resile from this agreement. 27.2 23.2 The seller shall be entitled to exercise its rights in 27.1 23.1 during the period from signature of the agreement up to and including 30 August 2015 1 November 2020, wherafter the seller's rights shall lapse. 27.3 23.3 In the event of the seller exercising its rights in 27.2 23.2 timeously, this agreement shall resolve and shall no longer be of any force or effect and the deposit together with all interest thereon shall be refunded to the purchaser.

Appears in 1 contract

Sources: Agreement of Sale