BOND FINANCE. This agreement is suspensively subject thereto that the OWNER obtain a loan upon the security of a first mortgage bond to be passed over the property hereby sold from a Bank or other recognised financial institution at prevailing bank rates and terms in the amount of not less than R........................................ (....................................... ............................................................................................................ ............................................................................................................ ............................................................................................................ XXXX) within 21 (twenty-one) days from date of signature hereof, both days inclusive, or within such extended period granted by the CONTRACTOR to the OWNER in writing.
BOND FINANCE. It is a specific term of this Agreement that the Owner will finance the works for which the Contractor is being appointed, with a building loan and that the works will at all times be subject to the requirements of the Commercial Bank which approves the loan for this purpose. The building loan will be in the form of an irrevocable guarantee for the contract price, which is acceptable to the contractor, delivered within 45 (forty five) days from signature of this contract by the contractor.
BOND FINANCE. 2.1 This sale is subject to the suspensive condition that the Purchaser is able to procure a loan / finance in the amount of not less than R ( ) within days of signature hereof on the security of a mortgage bond/s to be registered over the Property by a recognised Bank and subject to the terms and conditions imposed by the financial institution at his expense.
BOND FINANCE. This sale is conditional upon:
BOND FINANCE. 5.1 This sale is subject to a registered financial institution issuing a pre- agreement and/or quote on its normal terms and conditions to the Purchaser for a loan in the amount mentioned in E of the covering schedule within a period of 30 days from date of this Deed of Sale or such further period as the Seller in its sole discretion may allow.
BOND FINANCE. This Offer to Purchase is subject to the Purchaser being able to obtain a Final Quotation from a registered financial institution by no later than ____/_____/20____ confirming that a loan/s of R ________________________________ (________________________________________________________________________________________Rand) has been approved, on the security of a mortgage bond/s or other guarantees to the benefit of the buyer to be registered over the property at rates and subject to terms and conditions imposed by the financial institution.
BOND FINANCE. 2.1 The Purchaser undertakes forthwith to apply for a loan for the amount stated in 1.4 of the Offer and agrees that if such loan is not granted within 30 days of the acceptance of the offer contained in this Agreement by the Seller or by such later date as the Seller may agree to in writing, then this Agreement shall lapse and be of no further force or and the Seller shall forthwith repay to the Purchaser all amounts paid by the Purchaser in respect of the Purchase Price of the Property.
BOND FINANCE. 5.1 This sale is suspensive conditional upon the Purchaser (or the Seller or the estate agent or the bond originator on behalf of the purchaser) obtaining approval in principle of a loan upon the security of a first mortgage bond to be passed over the property as a result of this sold from a Bank or other recognised financial institution at prevailing bank rates and terms in the amount of not less than R……………………………..(……………………………… ……………………………………………………………….. ………………………………………………………… RAND) within thirty (30) days from date of signature hereof, both days inclusive, or any extension of time granted in writing to the purchaser by the seller from time-to-time.
BOND FINANCE. 6.1. The sale is subject to the Purchaser (or the Seller or CLEAR STREAM REALTY on the Purchaser's behalf) by no later than raising a loan on security of a mortgage bond over the Property for R ( ) on such terms and conditions and subject to such conditions as are customarily imposed by mortgage lending financial institutions. The Purchaser warrants that he/she/it qualifies for such loan and knows of no factors which might prevent the loan from being granted. This condition shall be deemed to have been fulfilled on the date upon which the mortgage lender approves the loan in writing. If the loan is not granted by the date referred to above the period for raising the loan shall be extended automatically for a further 30 (thirty) days.
