Common use of Loan Conditions Clause in Contracts

Loan Conditions. If Buyer is to pay all or part of the Purchase Price with a New Loan, this Contract is conditional upon Buyer 152 determining, in Buyer’s subjective discretion, whether the New Loan is satisfactory to Buyer, including its availability, payments, interest rate, 153 terms, conditions, and cost of such New Loan. This condition is for the benefit of Buyer. If such New Loan is not satisfactory to Buyer, Seller must 154 receive written notice to terminate from Buyer, no later than Loan Conditions Deadline (§ 2.3), at which time this Contract shall terminate. IF 155 SELLER DOES NOT TIMELY RECEIVE WRITTEN NOTICE TO TERMINATE, THIS CONDITION SHALL BE DEEMED 156 WAIVED, AND BUYER’S XXXXXXX MONEY SHALL BE NONREFUNDABLE, EXCEPT AS OTHERWISE PROVIDED IN THIS 157 CONTRACT (e.g., Appraisal, Title, Survey).

Loan Conditions. If Buyer is to pay all or part of the Purchase Price with a New Loan, this Contract is conditional upon Buyer 152 129 determining, in Buyer’s Xxxxx's subjective discretion, whether that the New Loan is satisfactory to Buyer, including its availability, payments, interest rate, 153 terms, conditions, and cost of such New LoanLoan are satisfactory to Buyer. This 130 condition is for the benefit of Buyer. If such New Loan is not satisfactory to Buyer, Seller must 154 receive written notice to terminate from Buyer, no 131 later than Loan Conditions Deadline (§ 2.3), at which time this Contract shall terminate. IF 155 SELLER DOES NOT RECEIVE TIMELY RECEIVE 132 WRITTEN NOTICE TO TERMINATE, THIS CONDITION SHALL BE DEEMED 156 WAIVED, AND BUYER’S XXXXX'S XXXXXXX MONEY 133 SHALL BE NONREFUNDABLE, EXCEPT AS OTHERWISE PROVIDED IN THIS 157 CONTRACT (e.g., Appraisal, Title, Survey).