Common use of Third Party Financing Clause in Contracts

Third Party Financing. Buyer shall, within the Financing Period, as same may be extended as more fully described herein, apply for third party financing ("TP Financing") from an unaffiliated third party lender ("TP Lender") in an amount sufficient, in Buyer's sole discretion, to acquire the Property and complete certain renovations that Buyer deems necessary. Notwithstanding the foregoing, TP Financing to be placed on the Property and the Lakeview Property shall not exceed a combined Twenty-Eight Million Seven Hundred Fifty Thousand Dollars ($28,750,000.