Financial Contingency. Loan To Be Obtained: This Agreement is conditioned upon Buyer’s ability to obtain a loan(s) in the principal amount up to % of the Purchase Price listed above to be secured by a deed of trust on the Property. “Ability to obtain” as used herein means that Buyer is qualified to receive the loan based upon Lender’s customary and standard underwriting criteria. In the event Buyer, having acted in good faith, is unable to obtain financing by the Closing Date, Buyer may terminate this Agreement by providing written notice and a copy of Lender’s loan denial letter. Upon termination, Buyer is entitled to a refund of the Xxxxxxx Money less the cost of any unfunded Change Orders or Upgrades already performed, installed, or in the process of being performed or installed by the Seller on or for the Property. Buyer shall be obligated to Close this transaction if Buyer has the ability to obtain a loan for which Buyer has applied and been approved. FHA: Addendum attached USDA Conventional VA: Addendum attached OTHER: Loan Obligations: The Buyer agrees and/or certifies as follows:
Financial Contingency. Buyer has until 5:00 P.M. on (date) to be “Pre-approved” for credit worthiness by lender in writing or Seller has the option to terminate this contract.
Financial Contingency. If Buyer needs financing to purchase the Property, Buyer’s obligation to purchase is contingent upon Buyer's obtaining a conventional loan at currently available interest rates on terms and conditions generally available to borrowers. Immediately upon the execution hereof, Buyer shall apply for any needed financing and diligently and in good faith pursue financing to completion. Breach of this duty by Buyer shall result in forfeiture of the Xxxxxxx Money to Seller.
Financial Contingency. The Tenant shall have until December 30, 2000 (the "Contingency Date" for this contingency only) to acquire such funds (estimated to be $4.5 Million Dollars) as necessary to meet Tenant's financial obligations as expressed in Article 39. In the event the Tenant is unable to acquire the necessary funding, under terms and conditions acceptable to Tenant in Tenant's sole and absolute judgment, then Tenant may terminate this Lease by delivering written notice (Termination Notice) to the Landlord, which Termination Notice to be valid must: (1) reference this contingency and (2) be received by the Landlord on or before the Contingency Date. Notwithstanding any provision in this Lease to the contrary, including without limitation, the Term hereof and the foregoing Contingency Date(s), if the Landlord and another prospective tenant desire to enter into a lease for the Premises, then the Landlord shall provide written notice thereof to the Tenant and the Tenant shall have five (5) days to notify the Landlord in writing that all of the above Lease Contingencies are null and void. If the Tenant fails to timely provide the foregoing written notice, then at the election of the Landlord, by written notice to the Tenant, the Term hereof shall be accelerated and shall end on the date specified in Landlord's written notice.
Financial Contingency. Loan(s) To Be Obtained: This Agreement is conditioned upon Buyer’s ability to obtain 86 a loan(s) in the principal amount up to % of the Purchase Price listed above to be secured by a deed of
