Qualifying for Purchase Sample Clauses

Qualifying for Purchase. Purchaser represents that it shall have available sufficient funds to complete this transaction in accordance with this Agreement in the expected and agreed herein Closing Date (as defined in section 4a). Furthermore, the Purchaser understands that the purchase of the Unit is not conditional on obtaining financing, loan or credit line neither from the Seller nor from any third-party lender. Notwithstanding the foregoing, Buyer shall have the right to partially obtain the funds to purchase the Unit from any third-party lender at his sole discretion.
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Qualifying for Purchase. Purchaser represents that it has available sufficient funds to close this transaction in accordance with this Agreement and is not relying upon any contingent source of funds. Purchaser shall submit to Seller, within ten (10) business days after receipt of a request from Seller therefore, proof of funds in the amount of the Purchase Price and/or any other financial data satisfactory to Seller for the purpose of assuring Purchaser’s financial capability to purchase the Estate Home (the “Proof of Funds”). Seller shall have ten (10) business days after receipt of the Proof of Funds to notify Purchaser of Seller’s acceptance or rejection of same. If the Proof of Funds is not produced by Purchaser as requested by Seller or Seller rejects the Proof of Funds, Seller may, in its sole discretion, terminate this Agreement and refund to Purchaser all amounts paid pursuant to this Agreement, without interest and less the cost of any credit report, cancellation fees of Escrow Agent, if any, and other costs incurred by Seller in reviewing such financial data, not to exceed USD500. Purchaser represents and warrants that the Proof of Funds shall be true and accurate and if Purchaser’s financial circumstances shall change materially that Purchaser shall promptly submit a revised Proof of Funds to Seller. Seller shall have the right to cancel this Agreement if any material discrepancy exists between the Proof of Funds and Purchaser’s actual financial condition. If Seller does not notify Purchaser of Seller’s rejection of the Proof of Funds within ten (10) business days after receipt, Seller shall be deemed to have accepted the Proof of Funds. PURCHASER HEREBY ACKNOWLEDGES THAT IN THE EVENT OF A DETRIMENTAL CHANGE IN PURCHASER’S FINANCIAL CONDITION, PURCHASER MAY NOT BE RELEASED FROM THE TERMS AND CONDITIONS OF THIS CONTRACT, AND PURCHASER WARRANTS THAT PURCHASER HAS ENTERED INTO THIS CONTRACT KNOWING AND ASSUMING THE RISK OF A DETRIMENTAL CHANGE TO PURCHASER’S FINANCIAL CONDITION.
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Qualifying for Purchase. Purchaser represents that it has available sufficient funds to close this transaction in accordance with this Agreement and is not relying upon any contingent source of funds. Purchaser shall submit to Seller, within ten (10) business days after receipt of a request from Seller therefore, proof of funds in the amount of the Purchase Price and/or any other financial data satisfactory to Seller for the purpose of assuring Purchaser’s financial capability to purchase the Residence (the “Proof of Funds”). Seller shall have ten
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Related to Qualifying for Purchase

  • Data for Option W1 W1.1 The Adjudicator the person selected from the ICE-SA Division (or its successor body) of the South African Institution of Civil Engineering Panel of Adjudicators by the Party intending to refer a dispute to him. (see xxx.

  • Option to Purchase Subject to Section 3.5, the Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to purchase any or all owned Bank Premises, including all Furniture, Fixtures and Equipment located on the Bank Premises. The Assuming Institution shall give written notice to the Receiver within the option period of its election to purchase or not to purchase any of the owned Bank Premises. Any purchase of such premises shall be effective as of the date of Bank Closing and such purchase shall be consummated as soon as practicable thereafter, and in no event later than the Settlement Date. If the Assuming Institution gives notice of its election not to purchase one or more of the owned Bank Premises within seven (7) days of Bank Closing, then, not withstanding any other provision of this Agreement to the contrary, the Assuming Institution shall not be liable for any of the costs or fees associated with appraisals for such Bank Premises and associated Fixtures, Furniture and Equipment.

  • PURCHASE OF RELEASE The Parties agree that the Recipient: (check one)

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