03A. Buyer makes a good faith effort to complete its financing of this transaction by obtaining a firm commitment from its lender or lenders within sixty-six (66) days after the date this Agreement is executed. If Buyer does not obtain a firm commitment for financing satisfactory to Buyer or if this financing contingency is not waived and/or released by Buyer in writing prior to Closing, then all but $50,000.00 of Buyer's deposit as described in Section 2.02 (a) shall be promptly returned to Buyer and the parties shall each be released from further liability on this Agreement and Quantum shall be entitled to retain $50,000.00 of Buyer's deposit free and clear of any claim by Buyer.
Appears in 3 contracts
Sources: Purchase and Sale Agreement (Fix Corp International Inc), Acquisition Agreement (Fix Corp International Inc), Purchase and Sale Agreement (Fix Corp International Inc)