Common use of Good Funds Clause in Contracts

Good Funds. All funds, including the Purchase Price to be paid by Buyer, must be paid before or at Closing or as otherwise agreed in writing between the parties to allow disbursement by Closing Agent at Closing OR SUCH NONPAYING PARTY WILL BE IN DEFAULT. Buyer represents that Buyer, as of the date of this Contract, has funds that are immediately verifiable and available in an amount not less than the amount of the Total Purchase Price set forth in Section 3(a) above.

Appears in 4 contracts

Samples: Buy and Sell, Buy and Sell, Buy and Sell

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