Deadline for Commitment Sample Clauses

Deadline for Commitment. This Agreement is subject to the condition that on or before the Financing Contingency Deadline, Buyer shall secure a written commitment for a loan from a federal or state chartered or regulated lender or any other source acceptable to Seller (“Lender”) to be secured by a mortgage or deed of trust on the Property in the amount of the Financing Contingency Amount or such lesser sum as Buyer accepts. If Buyer provides Seller with Xxxxxx's written notice that Xxxxx's financing has been declined by 5:00 pm ET on the Financing Contingency Deadline through no fault or arrangement of Buyer, then this Agreement shall become null and void and the Deposit shall be returned to Buyer. If Xxxxx fails to strictly comply with the terms of the previous sentence, then this Agreement shall remain in full force and effect without any financing contingencies.
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Deadline for Commitment. This Agreement is subject to the condition that on or before the Mortgage Commitment Contingency Deadline, Buyer shall secure a written commitment for a loan from a federal or state chartered or regulated lender or any other source acceptable to Seller (“Lender”) to be secured by a mortgage or deed of trust on the Property in the amount of the Mortgage Commitment Contingency Amount or such lesser sum as Buyer accepts (the “Commitment”). If Buyer provides Seller with Xxxxxx's written notice that Xxxxx's financing has been declined or no Commitment has been issued by 5:00 pm ET on the Mortgage Commitment Contingency Deadline through no fault or arrangement of Buyer, then this Agreement shall become null and void and the Deposit shall be returned to Buyer and neither party shall have any further rights, obligations, or liability to or against the other hereunder. If Buyer fails to give timely notice of cancellation pursuant to the terms of the previous sentence, TIME BEING OF THE ESSENCE, then: (a) Buyer shall be deemed to have waived Buyer’s right to cancel this Agreement and to receive a refund of the Deposit by reason by the contingency contained in this Section 6.2, and (b) this Agreement shall remain in full force and effect without any contingency for receipt of a mortgage commitment.
Sample 1
Deadline for Commitment. The Agreement is subject to the condition that on or before 5:00 p.m. (EST) on (the “Financing Deadline”), Buyer shall secure a written commitment for a loan to be secured by a mortgage or deed of trust on the Property in the amount of $ (a “Commitment”), or such lesser sum as Buyer accepts, and provide a copy of such Commitment to Seller. After the expiration of the Financing Deadline and Xxxxx’s delivery of the Commitment to Seller, Buyer shall not revise the loan terms set forth in the Commitment without Seller’s prior written consent. If Buyer revises the terms of its loan after the Financing Deadline without Seller’s prior written consent, Buyer shall be in Default under the Agreement and Seller shall be entitled to terminate the Agreement and retain the Deposit pursuant to Section K of this Addendum. If Buyer delivers written notice to Seller that such financing has been declined (a “Notification of Decline”) prior to the Financing Deadline, then the Agreement shall become null and void and the Deposit shall be returned to Buyer. If Xxxxx fails to deliver to Seller either a Commitment or a Notification of Decline prior to the Financing Deadline, then Buyer shall be deemed to have waived the foregoing financing contingency and the Agreement shall remain in full force and effect without any such financing contingency.
Sample 1

Related to Deadline for Commitment

  • Additional Commitments The Parties may negotiate commitments with respect to measures affecting trade in services not subject to scheduling under Article 106 (National Treatment) or Article 107 (Market Access), including those regarding qualifications, standards or licensing matters. Such commitments shall be inscribed in a Party's Schedule.

  • Service Level Commitment IBM provides the following service level commitment (“SLA”) for the Cloud Service, after IBM makes the Cloud Service available to you.

  • Employer Commitments It is agreed that the institution will make every reasonable attempt to minimize the impact of funding shortfalls and reductions on the work force. It is incumbent upon institutions to communicate effectively with their employees and the unions representing those employees as soon as the impact of any funding reduction or shortfall or profile change has been assessed. If a work force reduction is necessary, the Joint Labour Management Committee will canvas employees in a targeted area or other areas over a fourteen (14) day period, or such longer time as the Joint Labour Management Committee agrees, to find volunteer solutions that provide as many viable options as possible and minimize potential layoffs. Subject to any agreement that the Joint Labour Management Committee may make to extend the period of a canvass, such canvasses shall take place either: • prior to the issuance of lay-off notice to employees under the local agreement, or • by no later than fourteen (14) calendar days following the annual deadline for notice of non-renewal or layoff where a local provision provides for such a deadline, whichever date is later. The union shall be provided with a copy of each final plan for employee labour adjustment.

  • Statement of Commitment The Institutions promote teaching, scholarship and research and the free and critical discussion of ideas. Unions and employers are committed to providing a working and learning environment that allows for full and free participation of all members of the institutional community. Harassment undermines these objectives and violates the fundamental rights, personal dignity and integrity of individuals or groups of individuals. Harassment is a serious offence that may be cause for disciplinary sanctions including, where appropriate, dismissal or expulsion. The Institutions have a responsibility under the BC's Human Rights Code to prevent harassment and to provide procedures to handle complaints, to resolve problems and to remedy situations where harassment occurs. The employer will offer educational and training programs designed to prevent harassment and to support the administration of the institutional policies and to ensure that all members of the institutional community are aware of their responsibility with respect to the policy. The Unions and Employers agree that attendance is required and will take place during compensated work time.

  • Service Commitment Newly hired nurses and currently employed nurses who voluntarily choose to relocate and receive a relocation allowance may be required to serve for a minimum of two years at their base before they will be considered for transfer to another base. This commitment will not apply when the employer and nurse mutually agree to waive it and when relocation occurs as a result of layoff/rehire.

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