RECORDAL. It is recorded that:-
RECORDAL. 2.1. The SCC is the Fund’s standard terms and conditions of contract and constitutes part of the Service Provider Agreement between the Fund and the Service Provider, or in lieu of a Service Provider Agreement, constitutes part of the Purchase Order issued by the Fund to the Service Provider (whichever is applicable)
RECORDAL. 1.1. The Service Provider has been awarded a contract in terms of the Fund’s Request for Bid process of procurement.
RECORDAL. 2.1 The Seller is the registered owner of the land.
RECORDAL. 2.1. The seller has obtained approvals from the competent authorities for the rezoning and subdivision of the development area in accordance with the General Plan.
RECORDAL. 3.1 The Seller purchased the land with the view of developing the Land by the Opening of a Sectional Title scheme on the land, as indicated on the Site Development Plan attached hereto.
RECORDAL. The PARTIES to this Agreement expressly acknowledge and agree that:
RECORDAL. 2.1 The Seller is or will at the relevant time be the registered owner of the Land, which it is in the process of improving by constructing a building or buildings comprising of residential Sections, exclusive use areas and Common Property.
