Common use of Reconfirmation of Cash Purchase; Seller's Option to Terminate Clause in Contracts

Reconfirmation of Cash Purchase; Seller's Option to Terminate. If Buyer is paying the entire Purchase Price in cash and Seller so requires, then no later than sixty (60) calendar days and no earlier than ninety (90) calendar days prior to the Scheduled Closing Date, Buyer shall submit to Seller such written evidence as Seller may reasonably require from Buyer's bankers or accountants or other persons to reconfirm that Buyer the cash funds necessary to pay the Purchase Price in cash on the Date of Closing are available. It is understood by Buyer that it is Buyer’s obligation to assure that the cash funds which were available at the time of the issuance of the Qualification Letter remain available for purposes of consummating the purchase of the Unit on the Date of Closing. If Seller, in its sole discretion, after reviewing the written evidence submitted by Buyer, is not satisfied as to Buyer's continued ability to make such cash payments and/or Seller determines that Buyer has not acted in good faith hereunder or otherwise complied with the requirements of this Paragraph 1, then, and in such event, Buyer shall be in default under this Agreement, and Seller may cancel Escrow, terminate this Agreement and proceed in accordance with Paragraph 14 hereinbelow.

Reconfirmation of Cash Purchase; Seller's Option to Terminate. If Buyer is paying the entire Purchase Price in cash and Seller so requires, then no later than sixty (60) calendar days and no earlier than ninety (90) calendar days prior to the Scheduled Closing Date, Buyer shall submit to Seller such written evidence as Seller may reasonably require from Buyer's ’s bankers or accountants or other persons to reconfirm that Buyer has the cash funds necessary to pay the Purchase Price in cash on the Date of Closing are availableClosing. It is understood by Buyer that it is Buyer’s obligation to assure that the cash funds which were available at the time of the issuance of the Qualification Letter remain available for purposes of consummating the purchase of the Unit on the Date of Closing. If Seller, in its sole discretion, after reviewing viewing the written evidence submitted by Buyer, is not satisfied as to Buyer's ’s continued ability to make such cash payments and/or Seller determines that Buyer has not acted in good faith hereunder or otherwise complied with the requirements of this Paragraph Section 1, then, and in such event, Buyer shall be in default under this Agreement, and Seller may cancel Escrow, terminate this Agreement and proceed in accordance with Paragraph 14 hereinbelowSection 15(b) below.

Reconfirmation of Cash Purchase; Seller's Option to Terminate. If Buyer Purchaser is paying the entire Total Purchase Price in cash cash, and Seller so requires, then no later than sixty (60) calendar days and no earlier than ninety one hundred twenty (90120) calendar days prior to the Scheduled scheduled Pre-Closing Date, Buyer Purchaser shall submit to Seller such written evidence as Seller may reasonably require from BuyerPurchaser's bankers or accountants or other persons to reconfirm that Buyer the cash funds necessary to pay the Total Purchase Price in cash on the Closing Date of Closing are available. It is understood by Buyer Purchaser understands that it is Buyer’s Purchaser's obligation to assure that the cash funds which that were available at the time of the issuance of the Pre-Qualification Letter remain available for purposes of consummating the purchase of the Unit on the Date of ClosingClosing Date. If Seller, in its sole discretion, after reviewing the written evidence submitted by BuyerPurchaser, is not satisfied as to BuyerPurchaser's continued ability to make such cash payments and/or Seller determines that Buyer Purchaser has not acted in good faith hereunder or otherwise complied with the requirements of this Paragraph 1section, then, and in such event, Buyer Purchaser shall be in default under this Purchase Agreement, and Seller may cancel Escrow, terminate this Purchase Agreement and proceed in accordance with Paragraph 14 hereinbelowSection E.33.

Reconfirmation of Cash Purchase; Seller's Option to Terminate. If Buyer is paying the entire Purchase Price in cash and Seller so requires, then no later than sixty (60) calendar days and no earlier than ninety (90) calendar days prior to the Scheduled Closing Date, Buyer shall submit to Seller such written evidence as Seller may reasonably require from Buyer's ’s bankers or accountants or other persons to reconfirm that Buyer has the cash funds necessary to pay the Purchase Price in cash on the Date of Closing are availableClosing. It is understood by Buyer that it is BuyerXxxxx’s obligation to assure that the cash funds which were available at the time of the issuance of the Qualification Letter remain available for purposes of consummating the purchase of the Unit on the Date of Closing. If Seller, in its sole discretion, after reviewing viewing the written evidence submitted by BuyerXxxxx, is not satisfied as to Buyer's Xxxxx’s continued ability to make such cash payments and/or Seller determines that Buyer Xxxxx has not acted in good faith hereunder or otherwise complied with the requirements of this Paragraph Section 1, then, and in such event, Buyer shall be in default under this Agreement, and Seller may cancel Escrow, terminate this Agreement and proceed in accordance with Paragraph 14 hereinbelowSection 15(b) below.