BUILDING AGREEMENT. 7.1.1. This Agreement is subject to the condition precedent that the Contractor and the Purchaser must enter into a Building Agreement in respect of the construction of a dwelling on the Erf, which Building Agreement must be in writing and signed by the abovementioned Parties on the Signature Date. 7.1.2. In the event of this condition not being fulfilled, this Agreement will automatically lapse and the Parties will be re-instated in the status quo ante this Agreement and will have no claim against each other.
Appears in 2 contracts
Sources: Agreement of Sale, Agreement of Sale
BUILDING AGREEMENT. 7.1.123.2.1. This Agreement is subject to the condition precedent that the Contractor and the Purchaser must enter into a Building Agreement in respect of the construction of a dwelling on the ErfErf on the Signature Date, which Building Agreement must be in writing and signed by the abovementioned Parties on the Signature Dateparties.
7.1.223.2.2. In the event of this condition not being fulfilled, this Agreement will be automatically lapse cancelled and the Parties will be re-instated in the status quo ante this Agreement and will have no claim against each other.
Appears in 1 contract
Sources: Agreement of Sale
BUILDING AGREEMENT. 7.1.124.1.1. This Agreement is subject to the condition precedent that the Contractor and the Purchaser must enter into a Building Agreement in respect of the construction of a dwelling on the ErfErf on the Signature Date, which Building Agreement must be in writing and signed by the abovementioned Parties on the Signature Dateparties.
7.1.224.1.2. In the event of this condition not being fulfilled, this Agreement will be automatically lapse cancelled, and the Parties will be re-instated in the status quo ante this Agreement and will have no claim against each other.
Appears in 1 contract
Sources: Sale Agreement
BUILDING AGREEMENT. 7.1.123.1.1. This Agreement is subject to the condition precedent that the Contractor and the Purchaser must enter into a Building Agreement in respect of the construction of a dwelling on the ErfErf on the Signature Date, which Building Agreement must be in writing and signed by the abovementioned Parties on the Signature Dateparties.
7.1.223.1.2. In the event of this condition not being fulfilled, this Agreement will be automatically lapse cancelled and the Parties will be re-instated in the status quo ante this Agreement and will have no claim against each other.
Appears in 1 contract
Sources: Sale Agreement