Common use of Acceptance and Closing Clause in Contracts

Acceptance and Closing. Seller shall notify Buyer within 5 Business Days (and in no event later than the Closing Date) after Seller receives notice of any proposed special 70 assessment, increase in any regular assessment, and amendments or revisions to any of the Association Documents. Seller shall furnish Buyer a statement from the 71 proper association representative certifying that Seller is current in payment of assessments, and, if applicable, proof of waiver or termination of any right of first refusal 72 or similar options contained in the bylaws of the association for the transfer of ownership. Seller shall deliver to Buyer the Association Documents within Business 73 Days of the Acceptance Date. In the event the Association Documents disclose that the Property is in violation of existing rules, regulations, or other restrictions or that 74 the terms and conditions contained within the documents would unreasonably restrict Buyer's use of the Property or would increase the financial considerations which 75 Buyer would have to extend in connection with owning the Property, then Buyer may declare this Contract null and void by giving Seller written notice within 5 Business 76 Days after the receipt of the Association Documents, listing those deficiencies which are unacceptable to Buyer, and thereupon all Xxxxxxx Money deposited shall be 77 returned to Buyer. If written notice is not served within the time specified, Buyer shall be deemed to have waived this contingency, and this Contract shall remain in full 78 force and effect. Seller agrees to pay any applicable processing/move-out/transferring fees as required by the association, and Buyer agrees to pay the credit report and 79 move-in fee if required by the association. If the right of first refusal or similar option is exercised, this Contract shall be null and void and the Xxxxxxx Money shall be 80 returned to Buyer, but Seller shall pay the commission pursuant to Paragraph U of the General Provisions of this Contract.

Acceptance and Closing. Seller shall notify Buyer within 5 Business Days (and in no event later than the Closing Date) after Seller Xxxxxx receives notice of any proposed special 70 assessment, increase in any regular assessment, and amendments or revisions to any of the Association Documents. Seller shall furnish Buyer a statement from the 71 proper association representative certifying that Seller is current in payment of assessments, and, if applicable, proof of waiver or termination of any right of first refusal 72 or similar options contained in the bylaws of the association for the transfer of ownership. Seller shall deliver to Buyer the Association Documents within Business 73 Days of the Acceptance Date. In the event the Association Documents disclose that the Property is in violation of existing rules, regulations, or other restrictions or that 74 the terms and conditions contained within the documents would unreasonably restrict BuyerXxxxx's use of the Property or would increase the financial considerations which 75 Buyer would have to extend in connection with owning the Property, then Buyer Xxxxx may declare this Contract null and void by giving Seller written notice within 5 Business 76 Days after the receipt of the Association Documents, listing those deficiencies which are unacceptable to Buyer, and thereupon all Xxxxxxx Money deposited shall be 77 returned to Buyer. If written notice is not served within the time specified, Buyer shall be deemed to have waived this contingency, and this Contract shall remain in full 78 force and effect. Seller agrees to pay any applicable processing/move-out/transferring fees as required by the association, and Buyer Xxxxx agrees to pay the credit report and 79 move-in fee if required by the association. If the right of first refusal or similar option is exercised, this Contract shall be null and void and the Xxxxxxx Money shall be 80 returned to Buyer, but Seller shall pay the commission pursuant to Paragraph U of the General Provisions of this Contract.. 🞏

Acceptance and Closing. Seller shall notify Buyer within 5 Business Days (and in no event later than the Closing Date) after Seller Xxxxxx receives notice of any proposed special 70 assessment, increase in any regular assessment, and amendments or revisions to any of the Association Documents. Seller shall furnish Buyer a statement from the 71 proper association representative certifying that Seller is current in payment of assessments, and, if applicable, proof of waiver or termination of any right of first refusal 72 or similar options contained in the bylaws of the association for the transfer of ownership. Seller shall deliver to Buyer the Association Documents within Business 73 Days of the Acceptance Date. In the event the Association Documents disclose that the Property is in violation of existing rules, regulations, or other restrictions or that 74 the terms and conditions contained within the documents would unreasonably restrict BuyerXxxxx's use of the Property or would increase the financial considerations which 75 Buyer would have to extend in connection with owning the Property, then Buyer Xxxxx may declare this Contract null and void by giving Seller written notice within 5 Business 76 Days after the receipt of the Association Documents, listing those deficiencies which are unacceptable to Buyer, and thereupon all Xxxxxxx Money deposited shall be 77 returned to Buyer. If written notice is not served within the time specified, Buyer shall be deemed to have waived this contingency, and this Contract shall remain in full 78 force and effect. Seller agrees to pay any applicable processing/move-out/transferring fees as required by the association, and Buyer Xxxxx agrees to pay the credit report and 79 move-in fee if required by the association. If the right of first refusal or similar option is exercised, this Contract shall be null and void and the Xxxxxxx Money shall be 80 returned to Buyer, but Seller shall pay the commission pursuant to Paragraph U of the General Provisions of this Contract.