Common use of LOAN FINANCE Clause in Contracts

LOAN FINANCE. (a) The Purchaser agrees that this Agreement is not subject to the Purchaser obtaining a loan or financing in any form whatsoever from a bank or any other financial institution for the Purchase Price or any part thereof and that any failure to obtain such loan or financing shall not relieve the Purchaser of any of its obligations under this Agreement, which continue in full force and effect from the Effective Date. If requested by the Purchaser, the Seller may, in its absolute discretion, accept monies from a recognised bank or financial institution as a payment made on behalf of the Purchaser.

Appears in 6 contracts

Samples: Sales Purchase Agreement, Sales Purchase Agreement, Sales Purchase Agreement

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LOAN FINANCE. (a) The Purchaser agrees that this Agreement is not subject to the Purchaser obtaining a loan or financing in any form whatsoever from a bank or any other financial institution for the Purchase Price or any part thereof and that any failure to obtain such loan or financing shall not relieve the Purchaser of any of its obligations under this Agreement, which continue in full force and effect from the Effective Date. If requested by the Purchaser, the Seller may, in its absolute discretion, accept monies from a recognised recognized bank or financial institution as a payment made on behalf of the Purchaser.

Appears in 2 contracts

Samples: Sales Purchase Agreement, Sales Purchase Agreement

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