Common use of Designated Lenders Clause in Contracts

Designated Lenders. Seller has a list of designated lenders for the Project. Buyer may obtain a copy of the list of designated lenders from Seller’s Sales Office. Buyer may obtain from the designated lenders information regarding interest rate ceilings, rate locks and mid-locks. If, as a condition to purchasing the Unit, Seller requires that Buyer obtain a loan pre-approval from a designated lender, Buyer understands and acknowledges that Buyer is not obligated to apply for a loan with a designated lender. Buyer may choose any lender that Buyer desires, and Xxxxx has no obligation to obtain a loan from a designated lender; provided, however, that if Buyer utilizes the services of a lender other than a designated lender, Buyer will be charged an additional escrow fee, will be responsible for any additional charges by Xxxxx’s lender, and Buyer will not receive a closing costs credit. A designated lender shall have no obligation to extend a loan to Buyer unless Xxxxx meets the designated lender’s requirements for a loan.

Designated Lenders. Seller has a list of designated lenders for the Project. Buyer may obtain a copy of the list of designated lenders from Seller’s Sales Office. Buyer may obtain from the designated lenders information regarding interest rate ceilings, rate locks and mid-locks. If, as a condition to purchasing the Unit, Seller requires that Buyer obtain a loan pre-approval from a designated lender, Buyer understands and acknowledges that Buyer is not obligated to apply for a loan with a designated lender. Buyer may choose any lender that Buyer desires, and Xxxxx has no obligation to obtain a loan from a designated lender; provided, however, that if Buyer utilizes the services of a lender other than a designated lender, Buyer will be charged an additional escrow fee, will be responsible for any additional charges by Xxxxx’s lender, and Buyer will not receive a closing costs credit. A designated lender shall have no obligation to extend a loan to Buyer unless Xxxxx meets the designated lender’s requirements for a loan.. SPECIMEN

Designated Lenders. Seller has a list of designated lenders for the Project. Buyer may obtain a copy of the list of designated lenders from Seller’s Sales Office. Buyer may obtain from the designated lenders information regarding interest rate ceilings, rate locks and mid-locks. If, as a condition to purchasing the Unit, Seller requires that Buyer obtain a loan pre-approval from a designated lender, Buyer understands and acknowledges that Buyer is not obligated to apply for a loan with a designated lender. Buyer may choose any lender that Buyer desires, and Xxxxx Buyer has no obligation to obtain a loan from a designated lender; provided, however, that if Buyer utilizes the services of a lender other than a designated lender, Buyer will be charged an additional escrow fee, will be responsible for any additional charges by Xxxxx’s lender, and Buyer Xxxxx will not receive a closing costs credit. A designated lender shall have no obligation to extend a loan to Buyer unless Xxxxx meets the designated lender’s requirements for a loan.

Designated Lenders. Seller has a list of designated lenders for the Project. Buyer may obtain a copy of the list of designated lenders from Seller’s Sales Office. Buyer may obtain from the designated lenders information regarding interest rate ceilings, rate locks and mid-locks. If, as a condition to purchasing the Unit, Seller requires that Buyer obtain a loan pre-pre- approval from a designated lender, Buyer understands and acknowledges that Buyer is not obligated to apply for a loan with a designated lender. Buyer may choose any lender that Buyer desires, and Xxxxx has no obligation to obtain a loan from a designated lender; provided, however, that if Buyer utilizes the services of a lender other than a designated lender, Buyer will be charged an additional escrow fee, will be responsible for any additional charges by Xxxxx’s lender, and Buyer will not receive a closing costs credit. A designated lender shall have no obligation to extend a loan to Buyer unless Xxxxx meets the designated lender’s requirements for a loan.

Designated Lenders. Seller has a list of designated lenders for the Project. Buyer may obtain a copy of the list of designated lenders from Seller’s Sales Office. Buyer may obtain from the designated lenders information regarding interest rate ceilings, rate locks and mid-locks. If, as a condition to purchasing the Unit, Seller requires that Buyer obtain a loan pre-approval from a designated lender, Buyer understands and acknowledges that Buyer is not obligated to apply for a loan with a designated lender. Buyer may choose any lender that Buyer desires, and Xxxxx has no obligation to obtain a loan from a designated lender; provided, however, that if Buyer utilizes the services of a lender other than a designated lender, Buyer will be charged an additional escrow fee, will be responsible for any additional charges by Xxxxx’s lender, and Buyer Xxxxx will not receive a closing costs credit. A designated lender shall have no obligation to extend a loan to Buyer unless Xxxxx meets the designated lender’s requirements for a loan.