Financing Period the period during which it is aimed to collect the amount of the Loan to finance the Project;
Financing Period. DFS’ financing to Dealer shall be on terms not to exceed a 540 day maturity, provided, however, that the full amount of the loan balance will be due in full immediately upon the sale, transfer, rent, lease or other disposition or the Used Vehicle or upon the loss, theft or damage of the Used Vehicle.
Financing Period. A financing condition is fairly common on commercial real estate transactions, although the period in which to obtain such financing is sometimes included in the general free-look period referenced above. If a separate financing condition is included, the buyer will want to avoid specifics concerning the financing, such as minimum down payment requirements. The buyer will want to terminate the contract without having to evidence good faith effort in locating the financing prescribed in the contract. The Seller has an incentive to require the buyer spend resources obtaining the financing.
Financing Period. 100 days from the date of each invoice;
Financing Period a. The Financing may, at Purchaser’s written request, be extended for three (3) additional ninety (90) day periods with CCRC’s approval (“Financing Extension Period”), to allow for the obtainment of required project financing:
b. Subject to confirmation by Seller that Purchaser is making progress on its Financing work, each extension shall be executed upon deposit of a $50,000 non-refundable payment – creditable towards eventual purchase price.
c. Any extension payment made during the Financing Period shall be non-refundable except that such payments will be credited against the agreed purchase price at Closing, should Closing occur.
Financing Period. 15 years (180 months in total). Among them, the Pre-lease Period is from the date when the Lessor pays the first Lease Item Purchase Price to the date when the Zhonghong Yilong New District Xinqiao 70MWp Agricultural PV Power Station Project Project constructed under the name of the Lessee and located in Southwest Guizhou Autonomous Prefecture, Guizhou Province is successfully connected to the grid after the completion of the construction and the signing of "Agreement for Being Connected to the Grid", but not later than the latest Lease Commencement Date specified in the Lease Schedule; the Grace Period is from the Lease Commencement Date to the corresponding date [6] months later after the date of the first payment of the Lease Item Purchase Price; the Pre-lease Period and the Grace Period in total shall not exceed 6 months from the date of the first payment of the Lease Item Purchase Price.
Financing Period. It is expressly understood that this Agreement is subject to the Buyer’s ability to obtain, at its sole cost and expense, acceptable financing for the acquisition of the Property (the “Loan”). From the Effective Date and continuing for a period of seventy (70) days (the “Financing Period”), Buyer shall seek to obtain, at its sole cost and expense, the Loan. Buyer shall submit a written application to obtain the Loan to a bona fide lender within ten (10) days of the Effective Date and shall authorize said lender to confirm in writing to Seller that lender has received said application. If Buyer fails to apply for the Loan as provided herein, then at Seller’s option this Agreement shall be null and void and the Deposit shall be returned to Buyer. If Buyer does not receive the Loan in form and substance satisfactory to Buyer, Buyer shall have the right to terminate this Agreement by giving written notice to that effect to Seller and the Title Company. If Buyer exercises such right to terminate under this prior to the expiration of the Financing Period, this Agreement shall terminate and be of no further force and effect, and the Deposit, together with any interest thereon, shall be paid to Buyer and the parties shall have no further rights or obligations to the other except as otherwise expressly provided in this Agreement. If the Buyer exercises such right of termination after the expiration of the Financing Period, this Agreement shall terminate and be of no further force and effect, and the Deposit, together with any interest thereon, shall be delivered to the Seller and the parties shall have no further rights or obligations to the other except as otherwise expressly provided in this Agreement.
Financing Period. Buyer shall have XXX (XX) days from the date of execution of formal contract to obtain a mortgage commitment from a lending institution of the buyer’s choice for said transaction. If Xxxxx is unable to secure a loan commitment, Buyer, by written notice to Seller, shall have the right to declare this Letter and any Purchase Agreement based hereon null and void and receive a refund of any Xxxxxxx Money that has been deposited
Financing Period. 4.7.1 Subject to the terms and conditions of this Section 4.7, Purchaser shall use good faith, diligent efforts to obtain mortgage financing for Purchaser’s purchase of the Property on terms which are commercially reasonable and which are market standard (including standard or customary reserves, guarantees and capital expenditure requirements and for a loan amount of no less than $5,640,000.00 and an interest rate of no greater than 6% per annum), on or prior to the date which is sixty (60) days after the Loan Application Deadline (as the same may be extended in accordance with Purchaser’s rights under Section 4.7.1.7) (such period, the “Financing Period”). Purchaser further agrees to first and primarily pursue mortgage financing with the Federal Home Loan Mortgage Corporation (“Xxxxxxx Mac”) through Xxxxxxx Mac’s Capital Markets Execution (“CME”) program in accordance with the following:
4.7.1.1 Purchaser, at its sole cost and expense and within 10 Business Days after the Effective Date (the “Loan Application Deadline”), shall submit an application for terms which Purchaser believes in good faith to be complete to Xxxxxxx Mac for mortgage financing through the CME program using Xxxxxxx Mac’s standard forms and templates, together with all documents and information required in connection therewith (the “Application for Terms”). Simultaneously with Purchaser’s delivery of the Application for Terms to Xxxxxxx Mac, Purchaser agrees to provide Seller with a copy of the Application for Terms (which copy may be redacted to omit any confidential information of Purchaser). Purchaser acknowledges and agrees that Purchaser is solely responsible for the preparation and submittal of the Application for Terms, including the collection of all materials, documents, certificates, financials, signatures, and other items required to be submitted to Xxxxxxx Mac in connection with the Application for Terms.
4.7.1.2 Purchaser shall promptly, at its sole cost and expense, correct and re-submit any deficiencies noted by Xxxxxxx Mac in connection with the Application for Terms after notification from Xxxxxxx Mac of such deficiency. Purchaser shall comply with Xxxxxxx Mac’s CME loan application guidelines in connection with obtaining CME mortgage financing and Purchaser shall promptly deliver to Xxxxxxx Mac all documents and information required by Xxxxxxx Mac, and such other information or documentation as Xxxxxxx Mac reasonably may request, including, without limitation, financ...
Financing Period. In the event Purchaser elects to obtain mortgage financing for Purchaser’s purchase of the Property, Purchaser shall use good faith, diligent efforts to obtain a commitment for mortgage financing on the following terms: loan-to-value not to exceed sixty (60%) percent; loan term not to exceed ten (10) years; and an amortization period not to exceed twenty-five (25) years, on or prior to the date which is fifteen (15) days after the expiration of the Inspection Period (such period, the “Financing Period”), provided that Purchaser shall provide Seller with documentary proof of submission of a loan application and remittance of the required loan application fee within ten (10) days after the Effective Date (the “Application Notice”). Purchaser shall notify Seller of Purchaser’s receipt of a commitment for mortgage financing on terms satisfactory to Purchaser (the “Financing Commitment”) promptly (in no event more than two (2) business days) after Purchaser’s receipt of the Financing Commitment. The Financing Period shall immediately be deemed to have lapsed upon Purchaser’s receipt of the Financing Commitment. In the event that despite Purchaser’s commercially reasonable and good faith efforts, Purchaser is unable to obtain the Financing Commitment on or prior to the expiration of the Financing Period (and for no other reason), then Purchaser may rescind this transaction by delivering written notice to that effect to Seller and Escrow Agent on or before 5:00 p.m. eastern time on the date of expiration of the Financing Period. If Purchaser exercises such right to terminate, this Agreement shall terminate and be of no further force and effect, subject to and except for those provisions which expressly survive this Agreement, and Escrow Agent shall promptly return the Deposit to Purchaser. If Purchaser fails to either timely submit the Application Notice within the ten (10) day period or provide Seller with written notice of termination prior to the expiration of the Financing Period in strict accordance with the notice provisions of this Agreement, then Purchaser’s right to terminate under this Section 8 shall be permanently waived, the Deposit shall be non-refundable, except as expressly provided otherwise in this Agreement, and this Agreement shall remain in full force and effect.
