Common use of RESALE CONTRACT Clause in Contracts

RESALE CONTRACT. In the event TRU Cash must assume the Cash Contract because Homebuyer(s) have not yet secured financing, TRU Cash will purchase the Property with cash. TRU Cash will execute a separate sales contract (“Resale Contract”) to sell the Property to Homebuyer(s) for an amount equal to the same price at which TRU Cash acquired the Property from the third-party seller (“Purchase Price”). A copy of the Resale Contract is attached hereto as Exhibit “B” and incorporated herein by this reference. There will be no contingencies to the Resale Contract. Inspection and title contingencies will have been resolved and removed during the Cash Contract phase, and Homebuyer(s) will be obligated to purchase the Property under the Resale Contract even if financing is ultimately unavailable. The Resale Contract will include:

RESALE CONTRACT. In the event TRU Cash must assume the Cash Contract because Homebuyer(sHomebuyers) have not yet secured financing, TRU Cash will purchase the Property with cash. TRU Cash will execute a separate sales contract (“Resale Contract”) to sell the Property to Homebuyer(s) for an amount equal to the same price at which TRU Cash acquired the Property from the third-party seller (“Purchase Price”). A copy of the Resale Contract is attached hereto as Exhibit “B” and incorporated herein by this reference. There will be no contingencies to the Resale Contract. Inspection and title contingencies will have been resolved and removed during the Cash Contract phase, and Homebuyer(s) will be obligated to purchase the Property under the Resale Contract even if financing is ultimately unavailable. The Resale Contract will include: