Common use of FAILURE OF FINANCING CONTINGENCIES Clause in Contracts

FAILURE OF FINANCING CONTINGENCIES. If Buyer receives actual notification from Lender that any Financing Contingencies identified 81 above have failed or otherwise cannot occur, Buyer shall promptly notify Seller, and the parties shall have business days (two [2] if not filled 82 in) following the date of Buyer’s notification to Seller to either (a) Terminate this transaction by signing a OREF 057 Termination Agreement 83 and/or such other similar form as may be provided by Escrow; or (b) Reach a written mutual agreement upon such price and terms that will permit 84 this transaction to continue. Neither Seller nor Buyer are required under the preceding provision (b) to reach such agreement. If (a) or (b) fail to 85 occur within the time period identified in this Section 5.2, this transaction shall be automatically terminated and all xxxxxxx money shall be promptly 86 refunded to Buyer. Buyer understands that upon termination of this transaction, Seller shall have the right to immediately place the Property back 87 on the market for sale upon any price and terms as Seller determines, in Seller’s sole discretion.

FAILURE OF FINANCING CONTINGENCIES. If Buyer receives actual notification from Lender that any Financing Contingencies identified 81 above have failed or otherwise cannot occur, Buyer shall promptly notify Seller, and the parties shall have business days (two [2] if not filled 82 in) following the date of Buyer’s notification to Seller to either (a) Terminate this transaction by signing a OREF 057 Termination Agreement (OREF-057) 83 and/or such other similar form as may be provided by Escrow; or (b) Reach a written mutual agreement upon such price and terms that will permit 84 this transaction to continue. Neither Seller nor Buyer are is required under the preceding provision (b) to reach such agreement. If (a) or (b) fail to 85 occur within the time period identified in this Section 5.2, this transaction shall be automatically terminated and all xxxxxxx money shall be promptly 86 refunded to Buyer. Buyer understands that upon termination of this transaction, Seller shall have the right to immediately place the Property back 87 on the market for sale upon any price and terms as Seller determines, in Seller’s sole discretion.

FAILURE OF FINANCING CONTINGENCIES. If Buyer receives actual notification from Lender that any Financing Contingencies identified 81 above have 79 failed or otherwise cannot occur, Buyer shall promptly notify Seller, and the parties shall have business days (two [2] if not filled 82 in) following 80 the date day of BuyerSeller’s receipt of such notification to Seller to either (a) Terminate this transaction by signing a OREF 057 Termination Agreement 83 and/or (OREF-057) or such 81 other similar form as may be provided by Escrow; or (b) Reach a written mutual agreement upon such price and terms that will permit 84 this 82 transaction to continue. Neither Seller nor Buyer are is required under the preceding provision (b) to reach such agreement. If (a) or (b) fail to 85 occur 83 within the time period identified in this Section 5.2herein, this transaction shall be automatically terminated and all xxxxxxx money shall be promptly 86 refunded to 84 Buyer. Buyer understands that upon termination of this transaction, Seller shall have the right to immediately place the Property back 87 on the market 85 for sale upon any price and terms as Seller determines, in at Seller’s sole discretion.

FAILURE OF FINANCING CONTINGENCIES. If Buyer receives actual notification from Lender that any Financing Contingencies identified 81 85 above have failed or otherwise cannot occur, Buyer shall promptly notify Seller, and the parties shall have business days (two [2] if not filled 82 86 in) following the date of Buyer’s notification to Seller to either (a) Terminate this transaction by signing a OREF 057 Termination Agreement 83 87 and/or such other similar form as may be provided by Escrow; or (b) Reach a written mutual agreement upon such price and terms that will permit 84 88 this transaction to continue. Neither Seller nor Buyer are required under the preceding provision (b) to reach such agreement. If (a) or (b) fail to 85 89 occur within the time period identified in this Section 5.25.2(Failure of Financing Contingencies), this transaction shall be automatically terminated and 90 all xxxxxxx money shall be promptly 86 refunded to Buyer. Buyer understands that upon termination of this transaction, Seller shall have the right to immediately 91 place the Property back 87 on the market for sale upon any price and terms as Seller determines, in Seller’s sole discretion.