Common use of CLOSING WITH BUYER Clause in Contracts

CLOSING WITH BUYER. OWNER agrees to close escrow directly with, and transfer title to BUYER in accordance with the terms of the OPTION agreement. OWNER agrees to make all necessary efforts and take all reasonable efforts to cooperate with ▇▇▇▇▇ and/or his lender, mortgage broker, appraiser or other parties involved with BUYER’S loan process, including, but not limited to any documents required to be executed by OWNER for the loan process. INVESTOR shall be paid the sum of $_____________ in cash (hereinafter “CONSIDERATION”) from the SELLER’s proceeds as consideration for the termination of LEASE/PURCHASE AGREEMENT and assignment of LEASE and OPTION agreements to OWNER. In the event that BUYER does not complete his loan or otherwise does not complete the exercise of the OPTION agreement on or before ______________, 20_____, this BUYOUT AGREEMENT, the cancellation of the LEASE/PURCHASE AGREEMENT and the assignments of the LEASE and OPTION agreements shall become null and void, and all parties will be in the same position as they started before the commencement of this BUYOUT AGREEMENT.

CLOSING WITH BUYER. OWNER agrees to close escrow directly with, and transfer title to BUYER in accordance with the terms of the OPTION agreement. OWNER agrees to make all al necessary efforts and take all al reasonable efforts to cooperate with ▇▇▇▇▇ and/or his lender, mortgage broker, appraiser or other parties involved with BUYER’S loan process, including, but not limited to any documents required to be executed by OWNER for the loan process. INVESTOR shall shal be paid the sum of $_____________ $ in cash (hereinafter “CONSIDERATION”) from the SELLER’s proceeds as consideration for the termination of LEASE/PURCHASE AGREEMENT and assignment of LEASE and OPTION agreements to OWNER. In the event that BUYER does not complete his loan or otherwise does not complete the exercise of the OPTION agreement on or before ______________, 20_____20 , this BUYOUT AGREEMENT, the cancellation cancelation of the LEASE/PURCHASE AGREEMENT and the assignments of the LEASE and OPTION agreements shall shal become null nul and void, and all al parties will wil be in the same position as they started before the commencement of this BUYOUT AGREEMENT.