Common use of SUSPENSIVE CONDITION - MORTGAGE LOAN Clause in Contracts

SUSPENSIVE CONDITION - MORTGAGE LOAN. 15.1.1 This sale is subject to and conditional upon the Purchaser being granted a mortgage secured loan against security of the Unit by a financial institution approved by the Seller for an amount not less than that specified in clause 3.2.2. Such loan must be granted within 14 (fourteen) calendar days from the signature date on terms and conditions normally applicable to such loans granted by financial institutions. Should the Purchaser wish to acquire a loan from any financial institution other than ABSA BANK, FIRST NATIONAL BANK, NEDBANK, STANDARD BANK or SA HOMELOANS, the Seller must be informed of the Purchaser’s intention to do so and approval must first be obtained from the Seller in writing before an application is submitted to such other financial institution failing which an approval by such other financial institution shall not be approved by the Seller as required.

SUSPENSIVE CONDITION - MORTGAGE LOAN. 15.1.1 15.1 This sale is subject to and conditional upon the Purchaser being granted a mortgage secured loan against security of the Unit by a financial institution approved by the Seller for an amount not less than that specified in clause 3.2.2. Such loan must be granted within 14 (fourteen) calendar days from the signature date on terms and conditions normally applicable to such loans granted by financial institutions. Should the Purchaser wish to acquire a loan from any financial institution other than ABSA BANK, FIRST NATIONAL BANK, NEDBANK, NEDBANK or STANDARD BANK or SA HOMELOANSBANK, the Seller must be informed of the Purchaser’s intention to do so and approval must first be obtained from the Seller in writing before an application is submitted to such other financial institution failing which an approval by such other financial institution shall not be approved by the Seller as required.

SUSPENSIVE CONDITION - MORTGAGE LOAN. 15.1.1 This sale is subject to and conditional upon the Purchaser being granted a mortgage secured loan against security of the Unit by a financial institution approved by the Seller for an amount not less than that specified in clause 3.2.2. Such loan must be granted within 14 (fourteen) calendar days from the signature date on terms and conditions normally applicable to such loans granted by financial institutions. Should the Purchaser wish to acquire a loan from any financial institution other than ABSA BANK, FIRST NATIONAL BANK, NEDBANK, NEDBANK or STANDARD BANK or SA HOMELOANSBANK, the Seller must be informed of the Purchaser’s intention to do so and approval must first be obtained from the Seller in writing before an application is submitted to such other financial institution failing which an approval by such other financial institution shall not be approved by the Seller as required.

SUSPENSIVE CONDITION - MORTGAGE LOAN. 15.1.1 This sale is subject to and conditional upon the Purchaser being granted a mortgage secured loan against security of the Unit by a financial institution approved by the Seller for an amount not less than that specified in clause 3.2.2. Such loan must be granted within 14 (fourteen) calendar days from the signature date on terms and conditions normally applicable to such loans granted by financial institutions. Should the Purchaser wish to acquire a loan from any financial institution other than ABSA BANK, FIRST NATIONAL BANK, NEDBANK, NEDBANK STANDARD BANK or SA HOMELOANS, the Seller must be informed of the Purchaser’s intention to do so and approval in writing must first be obtained from the Seller in writing before an application is submitted to such other financial institution institution, failing which an approval by such other financial institution shall not be approved by the Seller as required.

SUSPENSIVE CONDITION - MORTGAGE LOAN. 15.1.1 This sale is subject to and conditional upon the Purchaser being granted a mortgage secured loan against security of the Unit by a financial institution approved by the Seller for an amount not less than that specified in clause 3.2.2. Such loan must be granted within 14 (fourteen) calendar days from the signature date on terms and conditions normally applicable to such loans granted by financial institutions. Should the Purchaser wish to acquire a loan from any financial institution other than ABSA BANK, FIRST NATIONAL BANK, NEDBANK, NEDBANK or STANDARD BANK or SA HOMELOANSBANK, the Seller must be informed of the Purchaser’s intention to do so and approval in writing must first be obtained from the Seller in writing before an application is submitted to such other financial institution institution, failing which an approval by such other financial institution shall not be approved by the Seller as required.

SUSPENSIVE CONDITION - MORTGAGE LOAN. 15.1.1 This sale is subject to and conditional upon the Purchaser being granted a mortgage secured loan against security of the Unit by a financial institution approved by the Seller for an amount not less than that specified in clause 3.2.23.2.2 (if applicable). Such loan must be granted within 14 (fourteen) calendar days from the signature date on terms and conditions normally applicable to such loans granted by financial institutions. Should the Purchaser wish to acquire a loan from any financial institution other than ABSA BANK, FIRST NATIONAL BANK, NEDBANK, NEDBANK or STANDARD BANK or SA HOMELOANSBANK, the Seller must be informed of the Purchaser’s intention to do so and approval in writing must first be obtained from the Seller in writing before an application is submitted to such other financial institution institution, failing which an approval by such other financial institution shall not be approved by the Seller as required.

SUSPENSIVE CONDITION - MORTGAGE LOAN. 15.1.1 15.1 This sale is subject to and conditional upon the Purchaser being granted a mortgage secured loan against security of the Unit by a financial institution approved by the Seller for an amount not less than that specified in clause 3.2.2. Such loan must be granted within 14 (fourteen) calendar days from the signature date on terms and conditions normally applicable to such loans granted by financial institutions. Should the Purchaser wish to acquire a loan from any financial institution other than ABSA BANK, FIRST NATIONAL BANK, NEDBANK, STANDARD BANK or SA HOMELOANS, the Seller must be informed of the Purchaser’s intention to do so and approval in writing must first be obtained from the Seller in writing before an application is submitted to such other financial institution institution, failing which an approval by such other financial institution shall not be approved by the Seller as required.

SUSPENSIVE CONDITION - MORTGAGE LOAN. 15.1.1 This sale is subject to and conditional upon the Purchaser being granted a mortgage secured loan against security of the Unit by a financial institution approved by the Seller for an amount not less than that specified in clause 3.2.2. Such loan must be granted within 14 (fourteen) calendar days from the signature date on terms and conditions normally applicable to such loans granted by financial institutions. Should the Purchaser wish to acquire a loan from any financial institution other than ABSA BANK, FIRST NATIONAL BANK, NEDBANK, STANDARD BANK or SA HOMELOANS, the Seller must be informed of the Purchaser’s intention to do so and approval in writing must first be obtained from the Seller in writing before an application is submitted to such other financial institution institution, failing which an approval by such other financial institution shall not be approved by the Seller as required.