Ability to obtain definition
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein based upon Seller’s approved lenders’ customary and standard underwriting criteria.
Ability to obtain as used herein means that Buyer is qualified to receive the loan based upon Lender’s customary and standard underwriting criteria. In the event Buyer, having acted in good faith, is unable to obtain financing by the Closing Date, Buyer may terminate this Agreement by providing written notice and a copy of Lender’s loan denial letter. Upon termination, Buyer is entitled to a refund of the ▇▇▇▇▇▇▇ Money less the cost of any unfunded Change Orders or Upgrades already performed, installed, or in the process of being performed or installed by the Seller on or for the Property. Buyer shall be obligated to Close this transaction if Buyer has the ability to obtain a loan for which Buyer has applied and been approved. FHA: Addendum attached USDA Conventional VA: Addendum attached OTHER: Loan Obligations: The Buyer agrees and/or certifies as follows:
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein based upon lender's customary and standard underwriting criteria. If Buyer has the ability to obtain the loan referenced herein, Buyer warrants that, at closing, Buyer will have sufficient cash to complete the purchase of the Premises. Buyer further warrants that Buyer does not need to sell or lease other real property in order to complete the purchase of the Premises. Buyer shall provide Seller with written evidence of approval for a loan for purchase of the Premises under the terms and conditions set forth in this Contract on or before ( ) days from the Effective Date (the “Loan Approval Date”). Upon receipt of evidence of loan approval by Seller, this financing contingency shall no longer apply. In the event the loan is disapproved and evidence of such disapproval is provided to Seller by the Loan Approval Date, then Buyer may terminate the Contract by written notice to Seller by the Loan Approval Date, Holder shall return the ▇▇▇▇▇▇▇ Money and any Construction Deposit to Buyer, and all further rights, obligations and liabilities created hereunder shall be deemed terminated and of no further force and effect. In the event the loan is disapproved and Buyer does not elect to terminate the Contract, then Seller, in Seller’s discretion, may nonetheless terminate the Contract and Holder shall return the ▇▇▇▇▇▇▇ Money and any Construction Deposit to Buyer, and all further rights, obligations and liabilities created hereunder shall be deemed terminated and of no further force and effect. Should Buyer not provide evidence of approval or disapproval of loan by the Loan Approval Date, then, at the election of Seller: (i) this contingency shall not apply, this transaction shall be considered an all cash transaction, and Seller shall not pay any closing costs or; (ii) Seller may terminate the Contract. Notwithstanding the above, in the event the loan is disapproved solely on the bases that the appraised value of the Premises is too low, and if Buyer elects to terminate the Contract as provided for above, then Seller shall not return any Construction Deposit, the parties having expressly agreed that this is a risk being assumed by the Buyer. Buyer agrees that a loan with terms consistent with those described herein shall satisfy this loan contingency. Buyer may also apply for a loan with different terms and conditions and close the transaction provided (a) all other terms and condition...
Examples of Ability to obtain in a sentence
Ability to obtain complete information and to relay it accurately and distinctly in written and verbal form.
These APIs support a number of functions including: • Ability to obtain inventory and fare availability for flights in a market.
Ability to obtain information from persons under adverse conditions, i.e. poor language skills, speech impediments, intoxication, hysteria and other conditions.
Ability to obtain information from persons under adverse conditions; i.e., poor language skills, speech impediments, intoxication, hysteria and other conditions.
Ability to obtain and maintain required certifications and licenses.
More Definitions of Ability to obtain
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 65 (1) 66 67 68 69 (2) 70 71 72 73 74 75 76 (3) 77 (4) 78 (5) 79 80 (6) 81 64 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 based upon Lender’s customary and standard underwriting criteria. In consideration of Buyer, having acted in good faith and in accordance with the terms below, being unable to obtain financing by the Closing Date, the sufficiency of such consideration being hereby acknowledged, Buyer may terminate this Agreement by providing written notice via the Notification form or equivalent written notice. Seller shall have the right to request any supporting documentation regarding loan denial. Upon termination, Buyer is entitled to a refund of the ▇▇▇▇▇▇▇ Money/Trust Money. Lender is defined herein as the financial institution funding the loan. The loan shall be of the type selected below (Select the appropriate boxes. Unselected items will not be part of this Agreement): □ □ Conventional Loan FHA Loan; attach addendum □ □ VA Loan; attach addendum Rural Development/USDA □ □ _____________________________________________ THDA Other Buyer may apply for a loan with different terms and conditions and also Close the transaction provided all other terms and conditions of this Agreement are fulfilled, and the new loan does not increase any costs charged to Seller. Buyer shall be obligated to Close this transaction if Buyer has the ability to obtain a loan with terms as described herein and/or any other loan for which Buyer has applied and been approved.
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein 48 based upon Lender’s customary and standard underwriting criteria. In consideration of Buyer, having acted in good 49 faith and in accordance with the terms below, being unable to obtain financing by the Closing Date, the sufficiency of 50 such consideration being hereby acknowledged, Buyer may terminate this Agreement by providing written notice via 51 the Notification form or equivalent written notice. Seller shall have the right to request any supporting documentation 52 regarding loan denial. Upon termination, Buyer is entitled to a refund of the ▇▇▇▇▇▇▇ Money/Trust Money. Lender is 53 defined herein as the financial institution funding the loan.
Ability to obtain as used herein means that Buyer is qualified to receive the loan described 83 herein based upon Lender’s customary and standard underwriting criteria. In the event Buyer, having acted in good 84 faith and in accordance with the terms below, is unable to obtain financing, Buyer may terminate this Agreement by 85 providing written notice and a copy of Lender’s loan denial letter via the Notification form or equivalent written 86 notice. Upon termination, Buyer is entitled to a refund of the ▇▇▇▇▇▇▇ Money. Lender is defined herein as the 87 financial institution funding the loan. 88 The loan shall be of the type selected below (Select the appropriate boxes. Unselected items will not be part of 89 this Agreement): 90 □ Conventional Loan □ FHA Loan; attach addendum 91 □ VA Loan; attach addendum □ Other 92 Loan Obligations: The Buyer agrees and/or certifies as follows:
Ability to obtain as used herein mean that Buyer is qualified to receive the loan described herein based upon lender's customary and standard underwriting criteria. The loan shall be of the type selected below: [THE SECTIONS NOT MARKED ARE NOT A PART OF THIS AGREEMENT.]
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein 49 based upon ▇▇▇▇▇▇’s customary and standard underwriting criteria. In consideration of ▇▇▇▇▇, having acted in good 50 faith and in accordance with the terms below, being unable to obtain financing by the Closing Date, the sufficiency of 51 such consideration being hereby acknowledged, Buyer may terminate this Agreement by providing written notice via 52 the Notification form or equivalent written notice. Seller shall have the right to request any supporting documentation 54 defined herein as the financial institution funding the loan. 55 The loan shall be of the type selected below (Select the appropriate boxes. Unselected items will not be part of 56 this Agreement): 57 □ Conventional Loan □ FHA Loan; attach addendum 58 □ VA Loan; attach addendum □ Rural Development/USDA 59 □ THDA □ Other 60 Buyer may apply for a loan with different terms and conditions and also Close the transaction provided all other terms 61 and conditions of this Agreement are fulfilled, and the new loan does not increase any costs charged to Seller. Buyer 62 shall be obligated to Close this transaction if ▇▇▇▇▇ has the ability to obtain a loan with terms as described herein 63 and/or any other loan for which Buyer has applied and been approved.
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein 48 based upon Lender’s customary and standard underwriting criteria. In consideration of Buyer, having acted in good Lines 48-49: NOTE term "good faith" - Good Faith is the foundation of the Agreement/Contract. Parties must act in "good faith" throughout. 1st instance in Agreement between Buyer/Seller for refund of ▇▇▇▇▇▇▇/trust money(EM) using the RF656 Notification form. **PLEASE NOTE - The language utilized in this Agreement allows for the refund of EM in specific ▇▇▇▇▇▇▇▇▇.▇▇ this language it states "via the Notification form" or "equivalent written notice".RF656 is sufficient for the disbursement of EM when Buyer/Seller have ageed to allowing disbursement this way. RF481 EM Disbursement form is not needed in these instances. 49 50 51 52 53 Check only 1 box to indicate 55 the loan type 56 the Buyer(s) faith and in accordance with the terms below, being unable to obtain financing by the Closing Date, the sufficiency of RF656 such consideration being hereby acknowledged, Buyer may terminate this Agreement by providing written notice via #7 the Notification form or equivalent written notice. Seller shall have the right to request any supporting documentation RF656 regarding loan denial. Upon termination, Buyer is entitled to a refund of the ▇▇▇▇▇▇▇ Money/Trust Money. Lender is #20 defined herein as the financial institution funding the loan. "Unable to obtain financing"-Lender will issue a "Loan Denial" letter. The loan shall be of the type selected below (Select the appropriate box.): □ Conventional Loan □ FHA Loan; attach addendum □ VA Loan; attach addendum □ Rural Development/USDA are applying 57 for. □ THDA □ Other Use this and RF623 if Buyer(s) have to sell house before buying. 58 Buyer may apply for a loan with different terms and conditions and also Close the transaction provided all other terms RF656 59 and conditions of this Agreement are fulfilled, and the new loan does not increase any costs charged to Seller. Buyer #8 60 shall be obligated to Close this transaction if Buyer has the ability to obtain a loan with terms as described herein 61 and/or any other loan for which Buyer has applied and been approved. Buyer(s) cannot just change mind without consequence.
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein based upon lender's customary and standard underwriting criteria. The loan shall be of the type selected below: Fixed Rate Mortgage Loan Adjustable Rate Mortgage FHA Loan VA Loan Other Loan