Common use of LENDER REQUIRED REPAIRS Clause in Contracts

LENDER REQUIRED REPAIRS. If the contract is contingent upon Buyer obtaining financing and Lender requires any repairs to the property as a condition of Buyer’s loan approval, and the Seller declines to pay for the required repairs, then the Buyer may cancel this contract and all xxxxxxx money will be refunded upon the execution and delivery of a mutual release. If Buyer elects to cancel the Contract due to Seller's election not to pay any repairs required by Buyer's lender, Seller agrees to execute a mutual release authorizing the return of the Xxxxxxx Money to Buyer promptly upon receipt of the Notice of Cancelation and mutual release.

LENDER REQUIRED REPAIRS. If the contract is contingent upon Buyer obtaining financing and Lender requires any repairs to the property as a condition of BuyerXxxxx’s loan approval, and the Seller declines to pay for the required repairs, then the Buyer may cancel this contract and all xxxxxxx money will be refunded upon the execution and delivery of a mutual release. If Buyer Xxxxxx agrees, if Xxxxx elects to cancel the Contract due to Seller's ’s election not to pay any repairs required by Buyer's lenderXxxxx’s lender and, Seller agrees as a result, Buyer elects to cancel the Contract, to execute a mutual release authorizing the return of the Xxxxxxx Money to Buyer promptly upon receipt of the Notice of Cancelation and mutual release.

LENDER REQUIRED REPAIRS. If the contract is contingent upon Buyer obtaining financing and Lender requires any repairs to the property as a condition of Buyer’s loan approval, and the Seller declines to pay for the required repairs, then the Buyer may cancel this contract and all xxxxxxx money will be refunded upon the execution and delivery of a mutual release. If Buyer elects to cancel the Contract due to Seller's election not to pay any repairs required by BuyerXxxxx's lender, Seller Xxxxxx agrees to execute a mutual release authorizing the return of the Xxxxxxx Money to Buyer promptly upon receipt of the Notice of Cancelation and mutual release.

LENDER REQUIRED REPAIRS. If the contract is contingent upon Buyer obtaining financing and Lender requires any repairs to the property as a condition of Buyer’s loan approval, and the Seller declines to pay for the required repairs, then the Buyer may cancel this contract and all xxxxxxx money will be refunded upon the execution and delivery of a mutual release. If Buyer Xxxxx elects to cancel the Contract due to Seller's election not to pay any repairs required by BuyerXxxxx's lender, Seller Xxxxxx agrees to execute a mutual release authorizing the return of the Xxxxxxx Money to Buyer promptly upon receipt of the Notice of Cancelation Cancellation and mutual release.

LENDER REQUIRED REPAIRS. If the contract is contingent upon Buyer obtaining financing and Lender requires any repairs to the property as a condition of BuyerXxxxx’s loan approval, approval and the Seller declines to pay for the required repairs, then the Buyer may cancel this contract and all xxxxxxx money will be refunded upon the execution and delivery of a mutual release. If Buyer Xxxxxx agrees, if Xxxxx elects to cancel the Contract due to Seller's ’s election not to pay any repairs required by Buyer's lenderXxxxx’s lender and, Seller agrees as a result, Buyer elects to cancel the Contract, to execute a mutual release authorizing the return of the Xxxxxxx Money to Buyer promptly upon receipt of the Notice of Cancelation and mutual release.