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 two hundred seventy (270) 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 of 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 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. 100 days from the date of each invoice;
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 thirty (30) 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 five (5) 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. Notwithstanding anything to the contrary contained herein, Buyer shall have the right to extend the Financing Period for one additional fifteen (15) day period, provided that (i) the Buyer provides Seller with written notice from the lender that the lender requires the additional time and (ii) Buyer notifies Seller in writing of its intention to extend the Financing Period at least three (3) days prior to the end of the original thirty (30) day period. 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 Section 3.3 prior to the expiration of the Financing Period, as the same may be extended, this Agreement shall terminate and be of no further force and effect, and $50,000 of 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 Buyer shall fail to timely notify Seller in writing of its election to terminate this Agreement on or before the expiration of the Financing Period, as the same may be extended, time being of the essence, the termination right described in this Section 3.3 shall be immediately null and void and of no further force or effect and the whole Deposit shall be deemed non-refundable except in the event of Seller’s default hereunder. Buyer’s failure to provide such notice on or before the end of the Financing Period, as the same may be extended, shall constitute Buyer’s waiver of the herein-described termination right.
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 Xingren County Luchuying 30MWP Agricultural PV Power Plant 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. Section 11.13. GAAP. Generally accepted accounting principles, consistently applied, as in effect in the United States.
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)(“Purchaser-Financing”), on or prior to the date which is forty-five (45) after the Effective Date (such period, the “Financing Period”).
4.7.1.1 Provided that (a) Purchaser is not in default of the terms of this Contract, and (b) Purchaser has used diligent, good faith efforts to obtain the Financing Commitment but has failed to do so as of the expiration of the Financing Period, Purchaser shall be permitted 2 consecutive 15-day extensions of the Financing Period each exercisable by (i) delivering to Seller written notice of each such extension on or prior to then-current expiration of the Financing Period, and (ii) simultaneously with such notice to Seller, delivering to Seller the amount of $30,000.00 by wire transfer of Good Funds in accordance with Seller’s wiring instructions (each such amount, a “Financing Period Extension Fee”). The Financing Period Extension Fees shall be non-refundable upon receipt by Seller except as expressly provided otherwise in this Contract and shall be deemed and treated as part of the Deposit.
4.7.1.2 Purchaser, at its sole cost and expense, shall submit to a Proposed Lender a complete application for Purchaser-Financing, together with all documents and information required in connection therewith (the "Loan Application"). Purchaser shall promptly notify Seller that Purchaser has submitted the Loan Application and shall provide evidence of its submission and the identity of the Proposed Lender on or before the date which is 15 days after the Effective Date (the “Loan Application Deadline”). Purchaser acknowledges and agrees that Purchaser is solely responsible for the preparation and submittal of the Loan Application, including the collection of all materials, documents, certificates, financials, signatures, and other items required to be submitted to Proposed Lender in connection with the Loan Application. Purchaser shall keep Seller apprised about the status of the Loan Application and the Proposed Lender.
4.7.1.3 Purchaser shall promptly deliver to Proposed Lender all documents and information required by Proposed Lender, and such other information or documentation as Proposed Le...
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
