Fidelity Fund definition
Examples of Fidelity Fund in a sentence
The interest shall accrue to the Estate Agency Affairs Fidelity Fund in terms of section 32 (2) (c) of the Estate Agency Affairs Act unless the parties agree otherwise in writing.
Interest on the investment will accrue to the Purchaser subject to the provisions of section 86(5) of the LPA, which stipulates that as from 1 March 2019, 5% of the interest accrued on accounts opened in terms of section 86(4) of the LPA must be paid over to the Legal Practitioner’s Fidelity Fund.
Should the Purchaser expressly elect not to invest any amounts paid in respect of the Purchase Price into a savings or interest-bearing account, pending registration or transfer of the Sale Object, any and all interest that accrues thereon will be forfeited to the Property Practitioners Fidelity Fund or the Legal Practitioners Fidelity Fund, which ever one is applicable.
The interest shall accrue to the Estate Agency Affairs Fidelity Fund in terms of section 32 (2) (c) of the Estate Agency Affairs Act 112 of 1976, (as amended), unless the parties agree otherwise in writing.
Interest on the investment will accrue to the Purchaser subject to the provisions of Section 86(5) of the LPA which stipulates that 5% of the interest accrued on accounts opened in terms of Section 86(4) of the LPA must be paid over to the Legal Practitioner’s Fidelity Fund established in terms of the LPA (“LPFF”) and vests in the LPFF.