Common use of Denial of Mortgage Clause in Contracts

Denial of Mortgage. If Buyer applies for a mortgage as described above and receives a written denial for such mortgage, then, upon providing a copy of the denial to Seller or Listing Licensee in accordance with Section 25 on or before the Mortgage Contingency Date or extensions, this Agreement shall be declared null and void and Buyer shall have the right to the Deposits in accordance with Section 5 unless Buyer waives the mortgage contingency in writing.

Appears in 2 contracts

Samples: Multi Unit Purchase and Sales Agreement, Purchase and Sales Agreement

AutoNDA by SimpleDocs

Denial of Mortgage. If Buyer applies for a mortgage as described above and receives a written denial for such mortgage, then, upon providing delivering a copy of the denial to Seller or Listing Licensee in accordance with Section 25 18 on or before the Mortgage Contingency Date Deadline or extensions, this Agreement shall be declared null and void and Buyer shall have the right to the Deposits in accordance with Section 5 unless Buyer waives the mortgage contingency in writing.

Appears in 2 contracts

Samples: Single Family Purchase and Sales Agreement, Single Family Purchase and Sales Agreement

AutoNDA by SimpleDocs

Denial of Mortgage. If Buyer applies for a mortgage as described above and receives a written denial for such mortgage, then, upon providing a copy of the denial to Seller or Listing Licensee in accordance with Section 25 18 on or before the Mortgage Contingency Date or extensions, this Agreement shall be declared null and void and Buyer shall have the right to the Deposits in accordance with Section 5 unless Buyer waives the mortgage contingency in writing.

Appears in 1 contract

Samples: Land Purchase and Sale Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.