Financing Contingency Sample Clauses

Financing Contingency. Purchaser's and Seller's obligations under this Agreement are contingent upon Purchaser's ability to procure a commitment for first mortgage financing for the acquisition of the Property in an amount of not less than $4,875,000.00 with a 9.5% per annum constant interest rate and 20 year amortization (the "Financing Contingency") on or before October 21, 1996. Purchaser acknowledges and agrees that it shall submit its application for a commitment for first mortgage financing in accordance with the provisions set forth above on or before October 7, 1996, and shall provide Seller with either a letter from the lender evidencing that said application and any application fee has been received or an affidavit from Purchaser stating that Purchaser submitted said application and paid any application fee on or before October 7, 1996 ("Application Evidence"). In the event Purchaser has complied with the requirements set forth in the preceding sentence, but is unable to satisfy the Financing Contingency on or before October 21, 1996, then Purchaser shall have the option, upon written notice to Seller, exercised no later than October 21, 1996, to terminate this Agreement, in which case this Agreement shall become null and void without further action of the parties and all Earnest Money theretof▇▇▇ ▇▇▇osited into the escrow by Purchaser together with any interest accrued thereon, shall be delivered to Purchaser, and neither party shall have any further liability to the other, except for those covenants and obligations hereunder which expressly survive the termination of this Agreement. In the event Purchaser fails to deliver such notice to Seller or Purchaser fails to deliver the Application Evidence on or before October 7, 1996, the Financing Contingency shall be deemed satisfied and the parties hereto shall proceed to Closing." 3. Except as amended hereby, the Agreement shall be and remain unchanged and in full force and effect in accordance with its terms. 4. This Amendment may be executed in counterparts each of which shall be deemed an original, but all of which, when taken together shall constitute one and the same instrument.

Financing Contingency. Buyer agrees to purchase with no financing contingency.

Financing Contingency. ▇▇▇▇▇▇▇ Deposit Amount (“Deposit”) $ (i) This Agreement is contingent upon the Purchaser’s ability to obtain a written a loan commitment, notice of underwriting approval, or equivalent document (“Loan Approval”) at current market rates. Prior to and as a condition of Seller’s acceptance, Buyer shall complete and provide the Buyer Information Form previously provided to Purchaser by SIRVA Relocation LLC (“Seller”); or provide a pre-qualification letter with substantially the same information and in the amount as identified in the Agreement to which this Rider is attached (“Pre-Qualification”). In the event Purchaser submits a cash sale offer, then attached to said cash offer, the Purchaser must supply acceptable documentation showing proof of funds sufficient to satisfy the purchase price of the Agreement. A.1(ii) If Purchaser is unable, despite best efforts, to obtain final Loan Approval within days [if blank, fifteen (15) days] of the date of this Agreement (the “Financing Contingency Release Date”), then Purchaser shall provide Seller with a written copy of their lender’s statement of credit denial, termination or change (the “Denial”). If such Denial is not delivered on or before the Financing Contingency Release Date, the Agreement and this Rider shall be deemed unconditional with regard to any financing contingency. (iii) If such Denial is delivered by the Financing Contingency Release Date, then Seller shall have the right to attempt to procure new financing substantially comparable to current market rates, or in accordance with the terms originally provided by the Purchaser within the Pre-Qualification, and with no obligation to the Purchaser to accept such terms. Should Seller attempt to procure said new financing, the Purchaser shall cooperate with Seller or with the Seller’s designated Lender(s) to apply for and obtain such new financing. In the event that ▇▇▇▇▇▇ is unable to obtain new financing for the Purchaser or should Purchaser refuse said offer of financing within Twenty (20) days from Purchaser’s Denial, then this Agreement shall be terminated and all monies there before deposited shall be returned to the Purchaser.

Financing Contingency. (Check one)

Financing Contingency. Customer’s obligations under this Catalyst Agreement shall be and hereby are contingent upon Customer obtaining funding for (i) the Pilot Program on terms acceptable to Customer in its sole discretion, on or before that date which is thirty (30) calendar days after the Effective Date, and (ii) the Initial Order (as defined in the Equipment Supply Contract) and working capital in amounts and upon terms acceptable to Customer in Customer’s sole discretion, on or before that date which is sixty (60) days after Customer’s written notice of removal or satisfaction of the Pilot Program Contingency (the “Financing Contingency”; the Pilot Program Contingency and the Financing Contingency are herein collectively referred to as the “Contingencies”).

Financing Contingency. If a mortgage is referred to in Paragraph 2, this Contract is subject to the Purchaser obtaining a financing commitment from a Nationwide Mortgage Licensing System & Registry approved mortgagee or mortgage broker. Purchaser shall use best efforts to obtain financing and shall supply the prospective lender(s) with all requisite information. a. Purchaser shall complete a loan application and must provide a prequalified letter from the lender within days. b. Purchaser shall obtain a loan commitment within Period”). days (the “Financing Contingency All time periods run from the Effective Date (defined on Page 5 of this Contract). If Purchaser's bona fide loan application does not result in a commitment within the Financing Contingency Period, Purchaser shall have the affirmative obligation of providing written notice to Seller that the financing contingency has not been satisfied, and that the Purchaser has elected to terminate this Contract. Such notice must include a lender’s loan denial letter and must be provided during the Financing Contingency Period. Upon receipt of notice and execution of any required Initials: Purchaser Date Seller Date release forms, the Escrow Agent (defined in Paragraph 7 of this Contract) shall return the Deposit to the Purchaser. Upon return of the Deposit, this Contract shall have no force or effect, and neither party hereto shall have any rights against the other hereunder. The parties acknowledge and agree that time is of the essence with respect to the Financing Contingency Period. No right to cure shall apply to the Financing Contingency Period. If Purchaser does not provide Seller written notice of failure to obtain financing during the Financing Contingency Period, the financing contingency shall be waived. Purchaser acknowledges that this financing contingency is limited in time.

Financing Contingency. Buyer agrees to purchase with no financing contingency. SETTLEMENT. Buyer and Seller mutually agree that settlement shall occur at The Law Office of ▇▇▇▇▇▇ ▇▇▇▇▇ (301-680-8300) and shall not be changed unless agreed to in writing by both Buyer and Seller. All settlement charges, recordation tax and any state or local transfer taxes shall be paid by Buyer. Seller shall pay no settlement charges, fees, or recordation tax.

Financing Contingency. Buyer shall have 21 days from the Binding Agreement Date (“Financing Contingency Period”) to determine if ▇▇▇▇▇ has the ability to obtain the Loan(s) described above (“Financing Contingency”). Buyer shall be deemed to have the ability to obtain the Loan(s) unless prior to the end of the Financing Contingency Period, Buyer: a) notifies Seller that Buyer is terminating the Agreement because Buyer has been turned down for the Loan(s) and b) provides Seller within seven (7) days from the date of such notice a letter of loan denial from a mortgage lender based upon the mortgage lender’s customary and standard underwriting criteria (“Loan Denial Letter”). The Loan Denial Letter and mortgage lender issuing the Loan Denial Letter must meet all of the requirements set forth elsewhere in this Exhibit. Notwithstanding any provision to the contrary contained herein, the Loan Denial Letter may be provided to Seller after the Financing Contingency Period has ended if the above-referenced seven (7) day period to provide the Loan Denial Letter falls outside of the Financing Contingency Period. THIS FORM IS COPYRIGHTED AND MAY ONLY BE USED IN REAL ESTATE TRANSACTIONS IN WHICH ▇▇▇▇ ▇▇▇▇▇▇▇▇ IS INVOLVED AS A REAL ESTATE LICENSEE. UNAUTHORIZED USE OF THE FORM MAY RESULT IN LEGAL SANCTIONS BEING BROUGHT AGAINST THE USER AND SHOULD BE REPORTED TO THE GEORGIA ASSOCIATION OF REALTORS® AT (▇▇▇) ▇▇▇-▇▇▇▇.

Financing Contingency. Section 6.1 paragraph (d) of the Agreement is hereby amended by deleting the definition of, "Financing Contingency Date" in its entirety and replacing it with the following new definition: