FINANCING REQUIREMENTS. (a) Buyer intends to pay the balance due at Closing, including closing costs, association dues, reserve payments, loan fees and costs and prorations by □ VA Loan INITIAL □ FHA Loan INITIAL □ Conventional Loan INITIAL □ Other INITIAL
(b) In the event Buyer checked “Loan” above, then Xxxxx is responsible to promptly apply for a (mortgage) loan and to supply his/her chosen lender all required information.
(c) Buyer shall pay all loan application and origination fees, discount points, mortgage insurance, VA funding fee and other loan expenses except as may be provided for elsewhere in this Contract.
(d) In the event Buyer intends to pay the balance due in cash, Buyer shall make a Proof of Funds satisfactory to Seller within twenty-one days of the Reference Date. In the event said Proof of Funds is unsatisfactory to Seller, Seller shall have the right to cancel this Contract and, in that instance, return all deposits to Buyer. Buyer shall provide Proof of Cash to Seller in the event 5% (five percent) or more of the purchase price is to be paid in cash.
(e) Xxxxx and Seller shall share equally in the closing agent’s fee, if any.
(f) All payments shall be paid in cash, electronic funds transfer, certified check, cashier's check or savings and loan teller's check (which are known as Good Funds) unless otherwise agreed to by Seller.
(g) This Contract shall not be subject to an appraisal, except as provided for in Section 5(b).
FINANCING REQUIREMENTS. The Vendor acknowledges that the attainment of financing for construction of the System may be subject to conditions that are customary and appropriate for the providers of such financing. Therefore, the Vendor agrees to promptly consider any reasonable amendment to or modification or assignment of this Contract required by such providers (including, without limitation, any pertinent industrial development authority or other similar governmental agency issuing bonds for financing of the System) which do not materially modify the scope of the Vendor's Work in order to obtain such financing. In the event that any such amendment or modification materially increases the Vendor's risk or costs hereunder, the Owner and the Vendor shall negotiate in good faith to adjust pricing matters, and to equitably adjust such other provisions of this Contract, if any, which may be affected thereby, to the extent necessary to reflect such increased risk or costs. In no event shall the Vendor be required to accept any modification or amendment pursuant to this subsection provide it has a commercially reasonable basis for such refusal.
FINANCING REQUIREMENTS. All students must have a financing package on file no later than the seventh calendar day of their first term. This may include but is not limited to application and confirmation of eligibility for Title IV funding, if desired; executed individual payment plan; completion of all documentation needed to secure non-Title IV funding (e.g., WIA, VA, state grant).
FINANCING REQUIREMENTS. If, in connection with either Party obtaining financing for its respective Parcel, a banking, insurance or other recognized institutional lender shall request any modification(s) to this Agreement as a condition to such financing, the Parties covenant and agree to make such modifications to this Agreement as reasonably requested by such financing party (including the creation of such instrument (in recordable form to the extent required)) provided that such modification(s) do not increase the obligations or reduce the rights of the Parties or adversely (other than in a de minimis respect) affect the Easement interests, rights and privileges granted herein, the Parties’ rights under the Service Agreements, or either Party’s right to otherwise improve, construct, use, operate and maintain its respective Parcel and the improvements, equipment and facilities thereon.
FINANCING REQUIREMENTS. In the event that any person, including but not limited to any bank, insurance company, university, pension or welfare fund, savings and loan association, real estate investment trust, business trust, or other financial institution providing financing for the Complex requires, as a condition of such financing, that modifications to this Lease be obtained, and provided that such modifications (i) do not adversely affect Tenant's use of the Premises as herein permitted, (ii) do not materially alter the approved architectural plans and specifications or the description of Landlord's work in Exhibit B, and (iii) do not increase the rentals and other sums required to be paid by Tenant hereunder, Landlord shall submit such required modifications to Tenant, and if Tenant does not enter into and execute a written amendment hereto incorporating such required modifications within thirty (30) days after the same have been submitted to Tenant by Landlord, Landlord shall have the right, at its sole option, (1) to cancel this Lease, (2) to sign on behalf of Tenant pursuant to a power of attorney, which is hereby expressly granted to Landlord by Tenant, or (3) to declare an Event of Default under this Lease. Such options shall be exercisable by Landlord giving Tenant written notice of the option elected. Landlord's exercise of any of the foregoing rights may not materially impair Tenant's use and enjoyment of the Premises or rights under this Lease, nor materially impair Tenant's ingress and egress to and from the Premises.
FINANCING REQUIREMENTS. (a) Buyer intends to pay the balance due at Closing, including closing costs, association dues, reserve payments, loan fees and costs and prorations by: o VA Loan Initial o FHA Loan Initial o Conventional Loan Initial o Other Initial
(b) If Xxxxx intends to obtain any mortgage loan, then Xxxxx shall promptly apply for a mortgage loan with a Qualified Lender and shall supply such Qualified Lender all required information.
(c) Buyer shall pay all loan application and origination fees, discount points, mortgage insurance, VA funding fees and other loan expenses except as may be provided for elsewhere in this Contract.
(d) If Buyer obtains a “lock-in rate” for its loan, Xxxxx agrees that it will not hold Seller responsible for completion of construction of the home within the locked in rate time frame. Buyer further acknowledges that the risk of obtaining a loan with a lock-in rate rests solely with Xxxxx and Buyer shall not hold Seller liable in the event Buyer loses its locked in rate, and Xxxxx agrees that it will close on the subject property regardless of its loan interest rate. Seller shall have no liability in the event that an interest rate lock agreement made between Buyer and Xxxxx’s lender expires prior to the Closing.
(e) In the event five percent (5%) or more of the Purchase Price is to be paid in cash, Buyer shall provide Proof of Funds satisfactory to Seller within twenty-one days of the Reference Date. In the event said Proof of Funds is unsatisfactory to Seller, Seller shall have the right to cancel this Contract and, in that instance, return the Xxxxxxx Money Deposit and any Non-Refundable Payment(s) to Buyer.
(f) Xxxxx and Seller shall each pay half of the Closing agent’s and escrow agent’s fees, if any.
(g) All payments shall be paid in cash, electronic funds transfer, certified check, cashier’s check or savings and loan teller’s check (which are known as Good Funds) unless otherwise agreed to by Seller.
FINANCING REQUIREMENTS. If, in connection with obtaining financing or refinancing for the Building of which the demised premises form a part, a banking, insurance or other institutional lender shall request modifications to this Lease as a condition to such financing or refinancing, Tenant will not unreasonably withhold, delay or defer its consent thereto; provided, however, that such modifications do not increase the obligations of Tenant hereunder (except, perhaps, to the extent that Tenant may be required to give notices of any defaults by Landlord to such lender and/or permit the curing of such defaults by such lender to get possession of the Building) or materially adversely affect the leasehold interest hereby created. In no event shall a requirement that the consent of any such lender be given for any modification of this Lease or any assignment or sublease, be deemed to materially adversely affect the leasehold interest hereby created.
FINANCING REQUIREMENTS. In the event that any bank, insurance company, or other financial institution providing mortgage financing for the Property or any part thereof at any time requires, as a condition of such financing, that modification to this Lease be obtained, and provided that such modifications (a) are reasonable, (b) do not affect Lessee's use of the Demised Premises as herein permitted or the term of the Lease, and (c) do not increase the rentals and other sums required to be paid by Lessee hereunder, then Lessor shall submit such required modifications to Lessee, and Lessee shall execute an amendment hereto incorporating such modifications within fifteen (15) days after the same has been submitted to Lessee However, if the Lessee fails to execute such an amendment or unreasonably withheld, then Lessor shall have the right to terminate this Lease, by giving Lessee written notice of such termination, and Lessor shall thereupon be relieved from any further obligations hereunder.
FINANCING REQUIREMENTS. If in connection with obtaining financing for the Building, a bank, insurance company, pension trust or other institutional lender shall request reasonable modifications in this Lease as a condition to such financing, Tenant will not unreasonably withhold, delay or condition its consent thereto provided that such modifications do not increase the obligations of Tenant hereunder or materially adversely affect the leasehold interest hereby created.
FINANCING REQUIREMENTS. The Buyer has sufficient financial means and on the Closing Date will have made arrangements to have sufficient financing available to pay the Cash Consideration.
