Mortgage Financing. ■ 36 The Purchase Agreement IS IS NOT subject to the mortgage financing provisions below. If IS, complete the MORTGAGE 37 FINANCING section below. 38 Buyer shall apply for and secure, at Xxxxx's expense, a: 39 CONVENTIONAL 40 OTHER 41 Mortgage estimated to be % of the sale price amortized monthly over a period of not more than years with an 42 initial mortgage interest rate of no more than % per year with 0 discount points (0.5 if required by financing program), plus 43 Private Mortgage Insurance, if applicable.
Mortgage Financing. If, as evidenced by the Qualification Letter, Buyer will be utilizing mortgage financing to pay for a portion of the Purchase Price, then the following provisions shall be applicable:
Mortgage Financing. 13.1 The Purchasers shall have the right to obtain home loan, finance from any Bank/Financial Institution for the purpose of creating a mortgage in respect of the said Unit provided however the Mortgagee shall observe and perform all the covenants restrictions stipulations terms and conditions including payment of various charges and deposits as agreed in this Agreement.
Mortgage Financing. In the event Landlord desires to obtain mortgage financing and Landlord's mortgagee or mortgagees reasonably request certain modifications or amendments to this Lease, then Tenant, on not less than twenty (20) days advance notice, agrees to execute such modifications or amendments as required. Notwithstanding the foregoing, Tenant shall not be required to execute any modifications or amendments to this Lease which shall modify the provisions of this Lease relating to the amount of Rent or other charges or costs to be paid by Tenant, Tenant's rights or obligations under the Lease, the size of the Premises, notice periods, notice requirements, cure periods, the duration of the term of this Lease, or otherwise subject Tenant to additional cost, expense, risk, liability or obligations. Tenant agrees to cooperate with Landlord's efforts in obtaining said mortgage financing provided there is no cost or expense to Tenant.
Mortgage Financing. If any lending institution, being a life insurance company, pension fund, savings and loan association, bank or other institution regularly engaged in long term lending, with which Landlord has negotiated or may negotiate a purchase or interim or long term financing for the Shopping Center or part thereof does not approve the credit rating of Tenant, or if such lending institution shall require change(s) in the lease as condition or one of the conditions of its approval of this lease for such purchase or financing; and if within fifteen (15) days after notice from Landlord (i) Tenant fails or refuses to supply or execute guarantees which are stated by Landlord as necessary to secure the approval of Tenant’s credit by any such lending institution, or (ii) if Tenant fails or refuses to execute with Landlord the amendment or amendments to this lease accomplishing the changes(s) which are stated by Landlord to be needed in connection with approval of this lease for purposes of such sale or financing, or (iii) if for any reason, such sale or financing in an amount satisfactory to Landlord cannot be obtained, Landlord shall have the right to cancel this lease at any time prior to the Rental Commencement Date. In the event of cancellation by Landlord hereunder, this lease shall be and become null and void and both parties shall automatically be released as of the date of Landlord’s cancellation notice from any and all liability or obligation under this lease. Notwithstanding anything contained herein to the contrary, Tenant shall not be required to agree, and Landlord shall not have any right of cancellation for Tenant’s refusal to agree, to any modification of the provisions of this lease relating to the amount of minimum rent and percentage rent reserved, the size or location of the demised premises, the duration or commencement date of the term, or the value of the improvements to be made by Landlord to the demised premises prior to tender of possession. Tenant shall, upon the request of Xxxxxxxx, execute and deliver such instruments as may be required by Landlord to make this lease either superior or subordinate to any mortgages nor or hereafter placed upon Xxxxxxxx’s interest in the Shopping Center or the demised premises or future additions thereto. Tenant hereby attorns to any purchaser at a foreclosure sale or sale in lieu of foreclosure, and agrees to execute all agreements required by any such purchaser affirming such attornment. Upon request of any mor...
Mortgage Financing. Neither the Redeveloper nor any successor in interest to the Project Area, Project Improvements, or any part thereof, shall engage in any financing or any other transaction creating any mortgage or other encumbrance or lien upon the Project Area, Project Improvements, or any part thereof, (other than mortgages or liens for governmental impositions, the loan agreement, any security agreement, the Third Party Financing, and for the purpose of obtaining funds in connection with the acquisition and/or restoration of the Project Area and the construction of the Project Improvements, and such encumbrances required for the development and construction of the Project Improvements), whether by express agreement or operation of law, or suffer any encumbrance or lien to be made or attach to the Project Area, Project Improvements, or any part thereof, except such encumbrances required for the development and construction of the Project Improvements, provided, however, that upon the issuance of a Certificate of Completion, such prohibition shall no longer apply with respect to the corresponding parcel of land and improvements. Redeveloper shall promptly notify the Borough of any encumbrance or lien (other than mortgage liens and liens for governmental impositions) that has been created on or attached to any portion of the Project Area, Project Improvements, or any part thereof, whether by voluntary act of the Redeveloper or otherwise, upon obtaining knowledge or notice of same. The provisions of this Agreement shall not be deemed to grant to Borough the right to approve or review the terms of any such proposed financing.
Mortgage Financing. If Contract is contingent on obtaining financing, an application for mortgage financing shall be made within two (2) business days from Contract Effective Date. Buyer shall obtain a written loan commitment from Buyer’s lender and provide a copy to Seller on or before 10 calendar days from the Effective Date of the Contract. In the event the Buyer’s financing is denied, Buyer shall provide a written letter from Buyer’s lender to support any request to terminate the contract. In the event Buyers are unable to obtain with the lender of their choosing, Cornerstone Relocation Group reserves the right to pursue financing through Cornerstone Relocation’s lenders. In the event Cornerstone Relocation Group is able to secure Buyer’s financing upon terms and conditions comparable to those identified in the contract, Buyer’s agree to close as provided in the contract. Buyer agrees to cooperate fully with any such financing.
Mortgage Financing. As soon as available and in no event later than 30 days prior to the closing of any mortgage financing against an Unencumbered Property, a certificate prepared by management of Borrower (i) advising Administrative Agent of the proposed mortgage financing, (ii) detailing the Property or Properties to be mortgaged, (iii) setting forth the source and terms of such financing, (iv) providing a copy of the appraisal, if any, to Administrative Agent if in the possession or control of Borrower, and (v) evidencing compliance with the Borrowing Base and all of the financial covenants set forth in Section 5.03 hereof after giving effect to such mortgage financing;
Mortgage Financing. 25.01 No Encumbrances Except for Development or Refinancing Purposes 25.02 Holder Not Obligated to Construct 25.03 Failure of Holder to Complete Construction 25.04 Default by Tenant and OCII's Rights
Mortgage Financing. 5.1 Lessee Cannot Mortgage the Home without CLTs’ Permission. The Lessee may mortgage the Home only with the written permission of CLT. Any mortgage or deed of trust permitted in writing by the CLT is defined as a Permitted Mortgage, and the holder of such a mortgage or deed of trust is defined as a Permitted Mortgagee.
