Common use of Acknowledgement by Xxxxx Clause in Contracts

Acknowledgement by Xxxxx. (a) Buyer acknowledges Seller’s Lender is not a party to this Contract and therefore is not obligated to approve this Contract; that Seller’s acceptance of this Contract does not guarantee Seller’s Lender’s acceptance; and Seller’s Lender is under no obligation to consider, respond, approve or advise either Seller or Buyer, or Broker as to any offer submitted to it. (b) Buyer further acknowledges that Seller and/or Broker shall not be liable for delays caused by Seller’s Lender or costs and expenses (such as payments for loan applications, inspections and appraisals) incurred by Buyer under this Contract if Seller’s Lender does not complete the short sale after Seller’s receipt of Short Sale Approval.

Acknowledgement by Xxxxx. (a) Buyer acknowledges Seller’s 's Lender is not a party to this Contract and therefore is not obligated to approve this Contract; that Seller’s 's acceptance of this Contract does not guarantee Seller’s 's Lender’s 's acceptance; and Seller’s 's Lender is under no obligation to consider, respond, approve or advise either Seller or Buyer, or Broker as to any offer submitted to it. (b) Buyer further acknowledges that Seller and/or Broker shall not be liable for delays caused by Seller’s 's Lender or costs and expenses (such as payments for loan applications, inspections and appraisals) incurred by Buyer under this Contract if Seller’s 's Lender does not complete the short sale after Seller’s 's receipt of Short Sale Approval.