Financing Required Sample Clauses
The "Financing Required" clause establishes that a party’s obligations under an agreement are contingent upon securing necessary financing. In practice, this means that if the party is unable to obtain the funds needed to complete the transaction or fulfill contractual duties, they may not be required to proceed. This clause is commonly used in real estate or business acquisition contracts to protect buyers from being bound to a deal they cannot afford, thereby allocating risk and ensuring that parties are not forced into financial commitments they cannot meet.
Financing Required. Buyer’s obligation to purchase the Property IS conditioned upon Buyer obtaining the Loan referenced in Section 2.1(c). This Condition is referred to as the “Financing Condition.” If checked, Sections 8.3(b)(i), (ii) and (iii) apply; otherwise they do not. If the REPC is not cancelled by Buyer as provided in Sections 8.1(b) or 8.2(a), then Buyer agrees to work diligently and in good faith to obtain the Loan.
Financing Required. This Contract is subject to BUYER obtaining at BUYER's expense a written loan commitment for at least $ , payable over a period of not more than 30 years at market interest rate and terms from a lender selected by BUYER. BUYER's application for such loan, including payment of any required fees, shall be completed within five (5) business days of the date hereof and BUYER must diligently pursue financing. SELLER may terminate this Contract and retain all of BUYER’s ▇▇▇▇▇▇▇ Money as liquidated damages for default if BUYER fails to diligently pursue financing or provide verification of funds. BUYER shall provide SELLER a copy of its loan application or other written evidence of the application. If BUYER fails to make application for a loan within the five (5) business day time period, SELLER may declare this Contract to be terminated and all deposits of whatsoever nature will be retained. After BUYER makes application for a loan, BUYER within the time period stated above agrees to furnish any and all information and verifications requested by the lender within forty-eight (48) hours of BUYER's receipt of such request, whether written or oral. BUYER's failure to provide the required information and verifications to the lender shall be a default under this Contract.
Financing Required. Yes No Cash Deal
Financing Required. Life Fitness has agreed to cover all costs associated with the lease of equipment owned by the Maple Ridge Naturopathy Clinic for the first six months of the partnership agreement. This section discusses the proposed partnership in terms of the products and services each party will provide. Life Fitness Services Life Fitness currently provides the following services: Personal Training Program Fitness Classes Spinning Classes The attached appendix lists the specific services provided in each of the three principal categories. Maple Ridge Naturopathy Clinic Facilities Life Fitness is most interested in accessing some of the fitness equipment owned by Maple Ridge Naturopathy Clinic. Of most interest to Life Fitness is the state-of-the-art treadmills and spin cycles attached to Maple Ridge Naturopathy Clinic and available to clinic patients for a nominal extra cost. Maple Ridge Naturopathy Clinic Products Clients of the Life Fitness will be able to purchase naturopathy products at a 10% discount. Package Opportunities Life Fitness and Maple Ridge Naturopathy Clinic will share the same receptionist and office manager, thereby reducing overhead costs for administration.
Financing Required. Evaluation of existing data € 500