Common use of RESOLUTIVE CONDITION Clause in Contracts

RESOLUTIVE CONDITION. 22.1 The Purchaser acknowledges that the economic viability of the development of the Scheme depends largely on the response by the purchasing public to the advertising campaign launched by the Seller and/or the Agent in respect of the development. In the event that the Seller is of the opinion that the development will not be financially viable or if the Seller has not managed to successfully sell a sufficient number of units in the Scheme, the Seller may give notice of the termination of this Agreement, in which event this Agreement shall immediately terminate and be null and void and the Purchaser shall be entitled to a refund of the Reservation Deposit and other amounts (if applicable) as contemplated in clause 24 below. 22.2 With reference to clause 22.1 above, the notice to the Purchaser will be given by the Transferring Attorney by way of email or any other form of electronic message.

RESOLUTIVE CONDITION. 22.1 The Purchaser acknowledges that the economic viability of the development of the Scheme depends largely on the response by the purchasing public to the advertising campaign launched by the Seller and/or the Agent in respect of the development. In the event that the Seller is of the opinion that the development will not be financially viable or if the Seller has not managed to successfully sell a sufficient number of units in the Scheme, the Seller may give notice of the termination of this Agreement, in which event this Agreement shall immediately terminate and be null and void and the Purchaser shall be entitled to a refund of the Reservation Deposit and other all amounts (if applicable) as contemplated in clause 24 below. 22.2 With reference to clause 22.1 above, the notice to the Purchaser will be given by the Transferring Attorney by way of email or any other form of electronic message.

RESOLUTIVE CONDITION. 22.1 The Purchaser acknowledges that the economic viability of the development of the Scheme depends largely on the response by the purchasing public to the advertising campaign launched by the Seller and/or the Agent in respect of the development. In the event that the Seller is of the opinion that the development will not be financially viable or if the Seller has not managed to successfully sell a sufficient number of units in the Scheme, the Seller may give notice of the termination of this Agreement, in which event this Agreement shall immediately terminate and be null and void and the Purchaser shall be entitled to a refund of the Reservation Deposit Amount and other amounts (if applicable) as contemplated in clause 24 below. 22.2 With reference to clause 22.1 above, the notice to the Purchaser will be given by the Transferring Attorney by way of email or any other form of electronic message.