Special Condition 14

14. Subject to F.I.R.B Approval

(a) This Contract is subject to Foreign Investment Review Board (hereinafter called ‘F.I.R.B.’) granted approval for the transaction.
(b) The Buyer shall forthwith apply to the F.I.R.B. for approval and use his best endeavours to obtain such approval.
(c) In the event that such approval is not granted before xxxx then this Contract shall be at an end and all monies paid by the Buyer shall be refunded in full.
(d) The Buyer agrees that immediately upon this becoming aware of the result of this application to the F.I.R.B. he shall advise the Seller of such result.

 

 

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