Common use of SUSPENSIVE CONDITION Clause in Contracts

SUSPENSIVE CONDITION. 12.1 This Agreement is subject to the fulfilment of the suspensive condition namely that, simultaneously with the signature of this Building Agreement, the Agreement of Sale is concluded and becomes unconditional to its terms except for the condition that this Building Agreement becomes unconditional to its terms. 12.2 If the aforesaid suspensive condition is not fulfilled within the time period contemplated above or any other date agreed to in and between the Parties to it in writing then this Agreement shall automatically lapse and be of no further force and effect and no Party shall have any claim against the other of them as a result of the failure of the suspensive condition.

SUSPENSIVE CONDITION. 12.1 11.1 This Agreement is subject to the fulfilment of the suspensive condition namely that, simultaneously with the signature of this Building Agreement, the Agreement of Sale is concluded and becomes unconditional to its terms except for the condition that this Building Agreement becomes unconditional to its terms. 12.2 11.2 If the aforesaid suspensive condition is not fulfilled within the time period contemplated above or any other date agreed to in and between the Parties to it in writing then this Agreement shall automatically lapse and be of no further force and effect and no Party shall have any claim against the other of them as a result of the failure of the suspensive condition.

SUSPENSIVE CONDITION. 12.1 13.1 This Agreement is subject to the fulfilment of the suspensive condition namely that, simultaneously with the signature of this Building Agreement, the Agreement of Sale is concluded and becomes unconditional to its terms except for the condition that this Building Agreement becomes unconditional to its terms. 12.2 13.2 If the aforesaid suspensive condition is not fulfilled within the time period contemplated above or any other date agreed to in and between the Parties to it in writing then this Agreement shall automatically lapse and be of no further force and effect and no Party shall have any claim against the other of them as a result of the failure of the suspensive condition.