Submission of Drafts. The submission of a draft, or a marked up draft, of this Agreement by one Party to another is not intended by either Party to be an offer to enter into a legally binding agreement with respect to the purchase and sale of the Loan and the Foreclosure Judgment (if any). The Parties shall be legally bound with respect to the purchase and sale of the Loan and the Foreclosure Judgment (if any) pursuant to the terms of this Agreement only if and when the Parties have fully executed and delivered to each other a counterpart of this Agreement.
Appears in 4 contracts
Samples: Agreement for Sale and Purchase of Loan, Agreement for Sale and Purchase of Loan (Resource Real Estate Opportunity REIT, Inc.), Agreement for Sale and Purchase of Loan (Resource Real Estate Opportunity REIT, Inc.)
Submission of Drafts. The submission of a draft, or a marked up draft, of this Agreement by one Party party to another is not intended by either Party party to be an offer to enter into a legally binding agreement with respect to the purchase and sale of the Loan and the Foreclosure Judgment (if any)Mortgage Loans. The Parties parties shall be legally bound with respect to the purchase and sale of the Loan and the Foreclosure Judgment (if any) Mortgage Loans pursuant to the terms of this Agreement only if and when the Parties parties have fully executed and delivered to each other a counterpart of this Agreement.
Appears in 1 contract
Samples: Mortgage Loan Sale and Purchase Agreement (Exantas Capital Corp.)
