Common use of Evidence of Financing Clause in Contracts

Evidence of Financing. 13.3.1. Within 10 days after mutual execution of this Agreement, Purchaser shall provide to Seller and Escrow Agent a copy of a loan commitment or an unconditional statement of availability of funds satisfactory to Seller, with respect to the purchase of the Unit (the “Evidence of Financing”). 13.3.2. If Purchaser does not provide satisfactory Evidence of Financing to Seller and Escrow Agent within the 10-day period, Seller shall have the right, in its sole discretion, to terminate this Agreement by notice to Purchaser, in which event all funds deposited by Purchaser with Escrow Agent (plus any interest earned on such funds) shall be paid to Seller and neither party shall have further obligation to the other.

Evidence of Financing. 13.3.1. Within 10 30 days after mutual execution of this Agreementwritten notice from Seller, Purchaser shall provide to Seller and Escrow Agent a copy of a loan commitment or an unconditional statement of availability of funds satisfactory to Seller, with respect to the purchase of the Unit (the “Evidence of Financing”). 13.3.2. If Purchaser does not provide satisfactory Evidence of Financing to Seller and Escrow Agent within the 10-day period30 days after written notice from Seller, Seller shall have the right, in its sole discretion, to terminate this Agreement by notice to Purchaser, in which event all funds deposited by Purchaser with Escrow Agent (plus any interest earned on such funds) shall be paid to Seller and neither party shall have further obligation to the other.