Common use of SUSPENSIVE CONDITION Clause in Contracts

SUSPENSIVE CONDITION. The parties to this agreement want to have the following condition and statements added to this agreement: 5.23.1 The parties agree that they are both in their right-mind and therefore capable to enter into this agreement. 5.23.2 The contractor agrees to work being done on the Estate and Owner of the Estate agrees to work being done. 5.23.3 The sale is conditional to an occurrence, being that the contractor completes the work as agreed in this agreement. 5.23.4 The work will commence on the day of 20 and be completed on the day of 20 . 5.23.5 If the work is not completed by close of business on the date specified above, the contractor will be in breach of the contract. Breach of Clause 5.23: penalty 5.23.1 The contractor will be fined a penalty levy equivalent of 1 (one) month’s presiding general ▇▇▇▇, at the time for every month or pro-rate thereof, if the work is not completed on time, whereafter the work must be completed, as agreed, and/or; 5.23.2 The Estate and/or its representative(s) can cancel the agreement, after giving 14 (fourteen) days written notice to the contractor and thereafter be entitled to recover damages

SUSPENSIVE CONDITION. The contractual parties to this agreement Agreement want to have the following condition and statements added to this agreement:Agreement: - 5.23.1 5.20.1 The contractual parties agree that they are both in their right-mind and therefore capable to enter into this agreementAgreement. 5.23.2 5.20.2 The contractor agrees contractual parties agree to work being done on the Estate and Owner of the Estate agrees to work being doneEstate. 5.23.3 5.20.3 The sale work is conditional to an occurrence, being that the contractor completes responsible parties complete the work work, as agreed in this agreementAgreement. 5.23.4 5.20.4 The work will commence on the _______day of 20 of__________20___ and be completed on the _______day of 20 20___. 5.23.5 5.20.5 If the work is not completed by close of business on the date specified above, the contractor responsible parties will be in breach of the contract. Breach of Clause 5.23: penaltythis Agreement. 5.23.1 5.20.1 The contractor responsible parties will be fined a penalty levy Penalty Levy equivalent of 1 (one) month’s month presiding general ▇▇▇▇, at the time for every month or pro-rate thereof, if the work is not completed on time, whereafter the work must be completed, as agreed, and/or; 5.23.2 5.20.2 The HOA/Estate and/or its representative(s) can cancel the agreementAgreement, after giving 14 (fourteen) days written notice to the contractor responsible parties and thereafter be entitled to recover damages.