Purchaser’s Financing Contingency. The terms of this Section 4.7 apply only to the Lazy Hollow Property and the Hillmeade Property (collectively, the “Purchaser’s Loan Properties” and, each a “Purchaser Loan Property”). The obligations of Purchaser under this Contract are conditioned upon an institutional mortgage lender (“Purchaser’s Lender”) agreeing to make (A) a second mortgage loan to Purchaser on the Lazy Hollow Property in the amount of Four Million Four Hundred Thousand Dollars ($4,400,000.00) and (B) a second mortgage loan to Purchaser on the Hillmeade Property in the amount of One Million Four Hundred Thousand Dollars ($1,400,000.00) (each a “
Appears in 4 contracts
Samples: Purchase and Sale Contract (Century Properties Fund Xvi), Purchase and Sale Contract (Consolidated Capital Properties Iv), Purchase and Sale Contract (Shelter Properties Ii LTD Partnership)
