Common use of Buyer Financing Clause in Contracts

Buyer Financing. If the Buyer is relying upon a new mortgage to finance the Purchase Price the Buyer, while still required to pay the Purchase Price on completion date, may wait to pay the Purchase Price to the Seller until after the transfer and new mortgage documents have been lodged for registration in the appropriate Land Title Office, but only if before such lodging, the Buyer has: (a) made available for tender to the Seller that portion of the Purchase Price not secured by the new mortgage, and (b) fulfilled all the new Mortgagee's conditions for funding except lodging the mortgage for registration, and (c) made available to the Seller, A Lawyer's or Notary's undertaking to pay the Purchase Price upon the lodging of the transfer and new mortgage documents and the advance by the mortgagee of the mortgage proceeds pursuant to the Canadian Bar Association (BC Branch) (Real Property Section) standard undertakings (the “CBA Standard Undertakings”).

Buyer Financing. If if the Buyer is relying upon a new mortgage to finance the Purchase Price Price, the Buyer, while still required to pay the Purchase Price purchase price on completion datethe Completion Date, may wait to pay the Purchase Price to the Seller until after the transfer and new mortgage documents have been lodged for registration in the appropriate Land Title Office, but only if if, before such lodging, the Buyer has: ; (a) made available for tender to the Seller that portion of the Purchase Price not secured by the new mortgage, and (b) fulfilled all the new Mortgagee's mortgagee’s conditions for funding except lodging the mortgage for registration, and (c) made available to the Seller, A a Lawyer's ’s or Notary's ’s undertaking to pay the Purchase Price upon the lodging of the transfer and new mortgage documents and the advance by the mortgagee of the mortgage proceeds pursuant to the Canadian Bar Association (BC Branch) (Real Property Section) standard undertakings (the “CBA Standard Undertakings”).

Buyer Financing. If the Buyer is relying upon a new mortgage to finance the Purchase Price Price, the Buyer, while still required to pay the Purchase Price on completion datethe Completion Date, may wait to pay the Purchase Price to the Seller until after the transfer and new mortgage documents have been lodged for registration in the appropriate Land Title Office, but only if if, before such lodging, the Buyer has: (a) made available for tender to the Seller that portion of the Purchase Price not secured by the new mortgage, and (b) fulfilled all the new Mortgageemortgagee's conditions for funding except lodging the mortgage for registration, and (c) made available to the Seller, A Lawyera lawyer's or Notary's undertaking to pay the Purchase Price upon the lodging of the transfer and new mortgage documents and the advance by the mortgagee of the mortgage proceeds pursuant to the Canadian Bar Association (BC Branch) (Real Property Section) standard undertakings (the “CBA Standard Undertakings”).

Buyer Financing. If the Buyer is relying upon a new mortgage to finance the Purchase Price Price, the Buyer, while still required to pay the Purchase Price on completion datethe Completion Date, may wait to pay the Purchase Price to the Seller until after the transfer and new mortgage documents have been lodged lodge for registration in the appropriate Land Title Office, but only if if, before such lodging, the Buyer has: (a) made available for tender to the Seller that portion of the Purchase Price not secured by the new mortgage, and (b) fulfilled all the new Mortgagee's mortgagee’s conditions for funding except lodging the mortgage for registration, and (c) made available to the Seller, A a Lawyer's ’s or Notary's ’s undertaking to pay the Purchase Price upon the lodging of the transfer and new mortgage documents and the advance by the mortgagee of the mortgage proceeds pursuant to the Canadian Bar Association (BC Branch) (Real Property Section) standard undertakings (the “CBA Standard Undertakings”).

Buyer Financing. If the Buyer is relying upon a new mortgage to finance the Purchase Price Price, the Buyer, while still required to pay the Purchase Price on completion datethe Completion Date, may wait to pay the Purchase Price to the Seller until after the transfer and new mortgage documents have been lodged for registration in the appropriate Land Title Office, but only if if, before such lodging, the Buyer has: (a) made available for tender to the Seller that portion of the Purchase Price not secured by the new mortgage, and (b) fulfilled all the new Mortgageemortgagee's conditions for funding except lodging the mortgage for registration, and (c) made available to the Seller, A a Lawyer's or Notary's undertaking to pay the Purchase Price upon the lodging of the transfer and new mortgage documents and the advance by the mortgagee of the mortgage proceeds pursuant to the Canadian Bar Association (BC Branchbranch) (Real Property Section) standard undertakings (the “CBA Standard Undertakings.”).