Common use of Deadline for Commitment Clause in Contracts

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.

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 stat e 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.

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 f o r a loan from a federal or state stat e 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.