Loan Approval and Closing Sample Clauses

Loan Approval and Closing. You represent to Sungevity that you have applied for a home mortgage, Home Equity Line of Credit or other financing option (the "Loan") with a third party lender (the "Lender"), and you will apply the proceeds of the Loan to pay all or a portion of the Contract Price under this Contract. You agree to notify us promptly, but in no less than three (3) business days, after you receive notice that your Loan has been approved by the Lender and you agree to keep us informed of the proposed and actual closing date of your Loan. You acknowledge that some Lenders may require an updated credit approval for various reasons and you acknowledge that if new credit approval or loan agreements are required during the process, you will inform Sungevity within three (3) business days of such requirement and Sungevity may suspend any further work on your system including, but not limited to, installation until the Loan is approved by the Lender.
Sample 1
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Loan Approval and Closing. Following the Rehab Inspector's review and approval of the contractor proposal(s), the lender will notify the homeowner of loan approval and schedule a loan closing date. The lender shall The lender will have the sole authority to review, approve and close the TID loans. All loans made through the TID Loan Program will be mortgage loans to be recorded as a lien with the property. The borrower will be required to sign a mortgage and promissory note specifying the TID Loan Program Guidelines Page 4 Revised: 03/19/13 amount and terms of the loan. The Lender will be responsible for filing and recording all liens as well as all lien releases as appropriate for all loans made under this program. No loan approval, closing and/or funding will be denied, delayed, and/or influenced based on the TID Loan Fund investment option chosen by the Lender. All TID Loan Funds will be continuously available to qualified borrowers, unless such funds are exhausted.
Sample 1

Related to Loan Approval and Closing

  • Seller’s Approval Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section IV(c) regarding the financial institution, type of financing, or allocation of closing costs; and

  • Closing The closing of the sale of the Mortgage Loans (the “Closing”) shall be held at the offices of special counsel to the Purchaser at 10:00 a.m., New York City time, on the Closing Date. The Closing shall be subject to each of the following conditions:

  • POSSESSION AND CLOSING Possession of the Property shall be delivered to Purchaser by Seller at the Closing, subject to the Permitted Exceptions and the rights of the Tenants under Tenant Leases. Purchaser shall make its own arrangements for the provision of public utilities to the Property and Seller shall terminate its contracts with such utility companies that provide services to the Property.

  • Seller’s Closing Deliveries At the Closing, Seller shall deliver or cause to be delivered the following:

  • Escrow Closing Buyer and Seller acknowledge and understand that the closing of the sale may be handled by an escrow agent and that the listing broker is authorized to transfer the xxxxxxx money or any other funds received to the escrow agent. After the transfer, Broker shall have no further responsibility or liability to Buyer or Seller to account for the funds. Escrow agent’s charges shall be equally divided between Buyer and Seller.

  • Pre Closing Covenants The Parties agree as follows with respect to the period between the execution of this Agreement and the Closing.

  • Inspection and Approval All works embracing more than one process shall be subject to examination and approval at each stage thereof and the Contractor shall given due notice to the Engineer-in-Charge or his authorized representative when each stage is ready. In default of such notice the Engineer-in- Charge shall be entitled to appraise the quality and extent thereof.

  • Required Consents No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition:

  • Post Closing Covenants The Parties agree as follows with respect to the period following the Closing.

  • CONVEYANCE AND CLOSING Seller shall convey marketable title to the Real Estate by Warranty deed with release of dower right, if any, AND SUBJECT TO THE RIGHTS OF THE TENANTS, if any, under existing leases and state law. Title shall be free and unencumbered as of Closing, except restrictions and easements of record and except the following assessments (certified or otherwise): .

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