Common use of Financing Condition Clause in Contracts

Financing Condition. This Contract is subject to the Buyer securing New Financing as follows: • as per clause 2.2 (plus applicable mortgage insurance fee, if any) • interest rate not to exceed percent a year calculated semi-annually not in advance • a term of not less than years Monthly payment of principal and interest not to exceed $ (including mortgage insurance fee, if applicable) for an amortization of 25 years. Before 9 p.m. on , 20 , (the “Condition Day”) The Buyer will pay for all costs associated with the New Financing.

Financing Condition. This Contract is subject to the Buyer securing New Financing as follows: • as per clause 2.2 (plus applicable mortgage insurance fee, if any) • interest rate not to exceed percent a year calculated semi-annually not in advance • a term of not less than years Monthly payment of principal and interest not to exceed $ (including mortgage insurance fee, if applicable) for an amortization of 25 years. Before 9 p.m. on , 20 , (the “Condition Day”) ). The Buyer will pay for all costs associated with the New Financing.

Financing Condition. This Contract is subject to the Buyer securing New Financing as follows: • as per clause 2.2 (plus applicable mortgage insurance fee, if any) • interest rate not to exceed 4 percent a year calculated semi-annually not in advance • a term of not less than 5 years Monthly payment of principal and interest not to exceed $ 1,900.00 (including mortgage insurance fee, if applicable) for an amortization of 25 years. Before 9 p.m. on December 19 , 20 14 , (the “Condition Day”) The Buyer will pay for all costs associated with the New Financing.