Common use of Time for Obtaining Financing Clause in Contracts

Time for Obtaining Financing. Within 5 days, Xxxxx agrees to make written application for any financing necessary to complete this transaction and to make a diligent effort to meet the lender’s requirements and to obtain financing in cooperation with the Broker and Seller. If Xxxxx fails to obtain loan approval within 40 days after acceptance of the Agreement, this Agreement is deemed terminated unless an extension of time is mutually agreed to in writing.

Time for Obtaining Financing. Within 5 days, Xxxxx agrees to make a written application for any financing necessary to complete this transaction and to make a diligent effort to meet the lender’s requirements and to obtain financing in cooperation with the Broker and Seller. If Xxxxx fails to obtain loan approval within 40 days after acceptance of the Agreement, this Agreement is deemed terminated unless an extension of time is mutually agreed to in writing.