Seller's Financing Contingency. Seller's ability to proceed with construction of the Project and the Resort is dependent upon Seller: (a) obtaining construction financing for the Project and the Resort from a lender and in an amount and on terms, conditions and at rates acceptable to Seller, in its sole and absolute discretion (the "Construction Loan"). If, prior to May 1, 2022, Seller has not obtained the Construction Loan, then Seller may terminate this Agreement or waive this Contingency by delivering written notice to Purchaser at any time, but in no event later than May 15, 2022.
Appears in 3 contracts
Samples: Kindred Residential Unit, Kindred Residential Unit, Kindred Residential Unit
Seller's Financing Contingency. Seller's ability to proceed with construction of the Project and the Resort is dependent upon Seller: (a) obtaining construction financing for the Project and the Resort from a lender and in an amount and on terms, conditions and at rates acceptable to Seller, in its sole and absolute discretion (the "Construction Loan"). If, prior to May August 1, 2022, Seller has not obtained the Construction Loan, then Seller may terminate (i) extend this Agreement or waive this Contingency by delivering written notice to Purchaser at any time, but in no event later than May 15, 2022.contingency period for an additional ninety (90) calendar days,
Appears in 1 contract
Samples: Kindred Residential Unit
Seller's Financing Contingency. Seller's ability to proceed with construction of the Project and the Resort is dependent upon Seller: (a) obtaining construction financing for the Project and the Resort from a lender and in an amount and on terms, conditions and at rates acceptable to Seller, in its sole and absolute discretion (the "Construction Loan"). If, prior to May November 1, 20222021, Seller has not obtained the Construction Loan, then Seller may terminate this Agreement or waive this Contingency by delivering written notice to Purchaser at any time, but in no event later than May November 15, 20222021.
Appears in 1 contract
Samples: Kindred Residential Unit