Common use of AGENT OR PROXY Clause in Contracts

AGENT OR PROXY. Where the PURCHASER is acting as an agent or proxy for a Principal, the PURCHASER shall be entitled, by notice in writing to that effect addressed to the SELLER, to nominate a proxy in his place as PURCHASER, upon the following terms and conditions: 15.1. The aforesaid notice shall be handed to the SELLER by not later than close of business on the day of acceptance of this offer by the SELLER, accompanied by copies of the documents so appointing the PURCHASER as agent or proxy; 15.2. The notice shall set out the name and address of the proxy so nominated as the PURCHASER; 15.3. The notice shall be accompanied by the proxy’s written acknowledgement; 15.3.1. that it is fully aware of all the terms and conditions of this Agreement as if fully set out in such written acknowledgement; and 15.3.2. that it is bound by the provisions of this Agreement as the PURCHASER. 15.3.3. Should the PURCHASER nominate a proxy in terms of this clause 15, then: 15.3.4. all reference to the PURCHASER in this Agreement shall be deemed to be reference to its proxy; and 15.3.5. the PURCHASER by his signature hereto, hereby interposes and binds himself as surety and co-principal debtor in solidum, for and on behalf of all obligations of the aforesaid proxy as PURCHASER, to and in favour of the SELLER, for all the PURCHASER’s obligations under this Agreement, including damages, and renounces the benefits of division and excision. 15.4. Should the PURCHASER fail to nominate a Principal in terms of this clause 15, then he shall be bound to perform all his obligations as PURCHASER in terms of this Agreement.

AGENT OR PROXY. Where the PURCHASER is acting as an agent or proxy for a Principal, the PURCHASER shall be entitled, by notice in writing to that effect addressed to the SELLER, to nominate a proxy in his place as PURCHASER, upon the following terms and conditions: 15.1. The aforesaid notice shall be handed to the SELLER by not later than close of business on the day of acceptance of this offer by the SELLER, accompanied by copies of the documents so appointing the PURCHASER as agent or proxy; 15.2. The notice shall set out the name and address of the proxy so nominated as the PURCHASER; 15.3. The notice shall be accompanied by the proxy’s written acknowledgement; 15.3.1. that it is fully aware of all the terms and conditions of this Agreement as if fully set out in such written acknowledgement; and 15.3.2. that it is bound by the provisions of this Agreement as the PURCHASER. 15.3.3. Should the PURCHASER nominate a proxy in terms of this clause 15, then: 15.3.4. all reference to the PURCHASER in this Agreement shall be deemed to be reference to its proxy; and 15.3.5. the PURCHASER by his signature hereto, hereby ▇▇▇▇▇▇ interposes and binds himself as surety and co-principal debtor in solidum, for and on behalf of all obligations of the aforesaid proxy as PURCHASER, to and in favour of the SELLER, for all the PURCHASER’s obligations under this Agreement, including damages, and renounces the benefits of division and excision. 15.4. Should the PURCHASER fail to nominate a Principal in terms of this clause 15, then he shall be bound to perform all his obligations as PURCHASER in terms of this Agreement.

AGENT OR PROXY. Where the PURCHASER is acting as an agent or proxy for a Principal, the PURCHASER shall be entitled, by notice in writing to that effect addressed to the SELLER, to nominate a proxy in his place as PURCHASER, upon the following terms and conditions: 15.1. The aforesaid notice shall be handed to the SELLER by not later than close of business on the day of acceptance of this offer by the SELLER, accompanied by copies of the documents so appointing the PURCHASER as agent or proxy; 15.2. The notice shall set out the name and address of the proxy so nominated as the PURCHASER; 15.3. The notice shall be accompanied by the proxy’s written acknowledgement; 15.3.1. that it is fully aware of all the terms and conditions of this Agreement as if fully set out in such written acknowledgement; and 15.3.2. that it is bound by the provisions of this Agreement as the PURCHASER. 15.3.315.4. Should the PURCHASER nominate a proxy in terms of this clause 15, then: 15.3.415.4.1. all reference to the PURCHASER in this Agreement shall be deemed to be reference to its proxy; and 15.3.515.4.2. the PURCHASER by his signature hereto, hereby interposes and binds himself as surety and co-principal debtor in solidum, for and on behalf of all obligations of the aforesaid proxy as PURCHASER, to and in favour of the SELLER, for all the PURCHASER’s obligations under this Agreement, including damages, and renounces the benefits of division and excisionexcussion. 15.415.5. Should the PURCHASER fail to nominate a Principal in terms of this clause 15clause, then he shall be bound to perform all his obligations as PURCHASER in terms of this Agreement.

AGENT OR PROXY. Where the PURCHASER is acting as an agent or proxy for a Principal, the PURCHASER shall be entitled, by notice in writing to that effect addressed to the SELLER, to nominate a proxy in his place as PURCHASER, upon the following terms and conditions: 15.1. The aforesaid notice shall be handed to the SELLER by not later than close of business on the day of acceptance of this offer by the SELLER, accompanied by copies of the documents so appointing the PURCHASER as agent or proxy; 15.2. The notice shall set out the name and address of the proxy so nominated as the PURCHASER; 15.3. The notice shall be accompanied by the proxy’s written acknowledgement; 15.3.1. that it is fully aware of all the terms and conditions of this Agreement as if fully set out in such written acknowledgement; and 15.3.2. that it is bound by the provisions of this Agreement as the PURCHASER. 15.3.3. Should the PURCHASER nominate a proxy in terms of this clause 15, then: 15.3.4. all reference to the PURCHASER in this Agreement shall be deemed to be reference to its proxy; and 15.3.5. the PURCHASER by his signature hereto, hereby interposes and binds himself as surety and co-co- principal debtor in solidum, for and on behalf of all obligations of the aforesaid proxy as PURCHASER, to and in favour of the SELLER, for all the PURCHASER’s obligations under this Agreement, including damages, and renounces the benefits of division and excision. 15.4. Should the PURCHASER fail to nominate a Principal in terms of this clause 15, then he shall be bound to perform all his obligations as PURCHASER in terms of this Agreement.