Common use of Bank Financing Clause in Contracts

Bank Financing. Only select this checkbox if the Buyer has obtained financing from a bank or financial institution. The due date for the Seller’s receipt of the proof that the Buyer has access to such funds or credit should be recorded. Additionally, the number of days past the due date that entitles the Seller to cancel this agreement in the face of the Buyer’s failure to show proof should be defined. (12)