Common use of BUILDING AGREEMENT Clause in Contracts

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