Financing Contingency. The Buyer’s obligations herein are contingent on the Buyer’s obtaining financing to pay the balance on the Purchase Price. The Buyer must present to the Seller a binding commitment for financing the purchase of the Property within days from the Effective date. The terms of the financing must be acceptable to and approved by the Buyer who shall not unreasonably withhold such approval. In the event that the Buyer fails to obtain financing within the time allotted, this Agreement shall automatically terminated and all funds paid by the Buyer shall be returned to the Buyer after deducting all reasonable costs incurred by the Seller in good faith in relation this Agreement.
Financing Contingency. Xxxxxxx Deposit Amount (“Deposit”) $
(i) This Agreement is contingent upon the Purchaser’s ability to obtain a written a loan commitment, notice of underwriting approval, or equivalent document (“Loan Approval”) at current market rates. Prior to and as a condition of Seller’s acceptance, Buyer shall complete and provide the Buyer Information Form previously provided to Purchaser by SIRVA Relocation LLC (“Seller”); or provide a pre-qualification letter with substantially the same information and in the amount as identified in the Agreement to which this Rider is attached (“Pre-Qualification”). In the event Purchaser submits a cash sale offer, then attached to said cash offer, the Purchaser must supply acceptable documentation showing proof of funds sufficient to satisfy the purchase price of the Agreement. A.1(ii) If Purchaser is unable, despite best efforts, to obtain final Loan Approval within days [if blank, fifteen (15) days] of the date of this Agreement (the “Financing Contingency Release Date”), then Purchaser shall provide Seller with a written copy of their lender’s statement of credit denial, termination or change (the “Denial”). If such Denial is not delivered on or before the Financing Contingency Release Date, the Agreement and this Rider shall be deemed unconditional with regard to any financing contingency.
(iii) If such Denial is delivered by the Financing Contingency Release Date, then Seller shall have the right to attempt to procure new financing substantially comparable to current market rates, or in accordance with the terms originally provided by the Purchaser within the Pre-Qualification, and with no obligation to the Purchaser to accept such terms. Should Seller attempt to procure said new financing, the Purchaser shall cooperate with Seller or with the Seller’s designated Lender(s) to apply for and obtain such new financing. In the event that Xxxxxx is unable to obtain new financing for the Purchaser or should Purchaser refuse said offer of financing within Twenty (20) days from Purchaser’s Denial, then this Agreement shall be terminated and all monies there before deposited shall be returned to the Purchaser.
Financing Contingency. Buyer agrees to purchase with no financing contingency.
Financing Contingency. Purchaser's and Seller's obligations under this Agreement are contingent upon Purchaser's ability to procure a commitment for first mortgage financing for the acquisition of the Property in an amount of not less than $2,662,500.00 with a 9.5% per annum constant interest rate and 20 year amortization (the "Financing Contingency") on or before September 23, 1996. Purchaser acknowledges and agrees that it shall submit its application for a commitment for first mortgage financing in accordance with the provisions set forth above within ten (10) business days from the date hereof, and shall provide Seller with either a letter from the lender evidencing that said application and any application fee has been received or an affidavit from Purchaser stating that Purchaser submitted said application and paid any application fee within ten (10) business days from the date hereof. In the event Purchaser has complied with the requirements set forth in the preceding sentence, but is unable to satisfy the Financing Contingency on or before September 23, 1996, then Purchaser shall have the option, upon written notice to Seller, exercised no later than September 23, 1996, to terminate this Agreement, in which case this Agreement shall become null and void without further action of the parties and all Earnest Money theretofore deposited into the escrow xx Xxxchaser together with any interest accrued thereon, shall be delivered to Purchaser, and neither party shall have any further liability to the other, except for those covenants and obligations hereunder which expressly survive the termination of this Agreement. In the event Purchaser fails to deliver such notice to Seller, the Financing Contingency shall be deemed satisfied and the parties hereto shall proceed to Closing.
Financing Contingency. Buyer shall provide to Seller a prequalification letter within 5 business days of the Effective Date of this Agreement. If Buyer fails to timely provide the prequalification letter, Seller may unilaterally terminate this Agreement by providing notice to Buyer, in which case this Agreement shall terminate and the Xxxxxxx Money shall be returned to Buyer. Buyer shall have until 10 business days after Seller receives a certificate of occupancy for the Unit to secure a binding commitment for financing (“Financing Contingency Deadline”). Buyer shall use good faith efforts to obtain this binding commitment for financing by the Financing Contingency Deadline. If Buyer is unable to obtain a binding commitment for financing by the Financing Contingency Deadline, Buyer shall have the right to terminate this Agreement by notifying Seller in writing by the Financing Contingency Deadline. If Buyer timely delivers this termination notice to Seller, this Agreement shall terminate, the Title Company shall return the Xxxxxxx Money to Buyer, and neither Seller nor Buyer thereafter shall have any further rights or obligations under this Contract unless expressly provided otherwise in this Contract. If Buyer fails to timely provide termination notice to Seller, Buyer will be deemed to have obtained a binding commitment and have waived its right to terminate this Agreement pursuant to this Section and the Xxxxxxx Money will be deemed non-refundable to Buyer except as otherwise expressly provided in this Agreement.
Financing Contingency. Section 6.1 paragraph (d) of the Agreement is hereby amended by deleting the definition of, "Financing Contingency Date" in its entirety and replacing it with the following new definition:
Financing Contingency. Customer’s obligations under this Catalyst Agreement shall be and hereby are contingent upon Customer obtaining funding for (i) the Pilot Program on terms acceptable to Customer in its sole discretion, on or before that date which is two hundred ten (210) calendar days after the Effective Date, and (ii) the Initial Order (as defined in the Equipment Supply Contract) and working capital in amounts and upon terms acceptable to Customer in Customer’s sole discretion, on or before that date which is sixty (60) days after Customer’s written notice of removal or satisfaction of the Pilot Program Contingency (the “Financing Contingency”; the Pilot Program Contingency and the Financing Contingency are herein collectively referred to as the “Contingencies”).
Financing Contingency. Buyer agrees to purchase with no financing contingency. SETTLEMENT. Buyer and Seller mutually agree that settlement shall occur at The Law Office of Xxxxxx Xxxxx (301-680-8300) and shall not be changed unless agreed to in writing by both Buyer and Seller. All settlement charges, recordation tax and any state or local transfer taxes shall be paid by Buyer. Seller shall pay no settlement charges, fees, or recordation tax.
Financing Contingency. Customer’s obligations under this Agreement shall be and hereby are contingent upon Customer obtaining funding for (i) the Pilot Program on terms acceptable to Customer in its sole discretion, on or before that date which is thirty (30) calendar days after the Effective Date, and (ii) the Initial Order and working capital in amounts and upon terms acceptable to Customer in Customer’s sole discretion, on or before that date which is sixty (60) days after Customer’s written notice of removal or satisfaction of the Pilot Program Contingency.
Financing Contingency. Licensee’s obligations under this Agreement shall be and hereby are contingent upon Licensee obtaining funding for (i) the Pilot Program on terms acceptable to Licensee in its sole discretion, on or before that date which is thirty (30) calendar days after the Effective Date, and (ii) the Initial Order and working capital in amounts and upon terms acceptable to Licensee in Licensee’s sole discretion, on or before that date which is sixty (60) days after Licensee’s written notice of removal or satisfaction of the Pilot Test Contingency.
