Additional Down Payment Sample Clauses

The Additional Down Payment clause specifies an extra amount of money that the buyer must pay upfront, in addition to the standard down payment, as part of the purchase price for a property or asset. This clause typically outlines the timing, method, and conditions under which the additional payment must be made, such as upon removal of contingencies or at a certain milestone in the transaction process. Its core practical function is to provide the seller with greater financial assurance and commitment from the buyer, reducing the risk of default and demonstrating the buyer's seriousness in completing the transaction.
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Additional Down Payment. If ▇▇▇▇▇'s lender's appraised value of the Property is less than the Purchase Price, ▇▇▇▇▇ agrees to pay up to $ in additional funds towards ▇▇▇▇▇’s down payment. Buyer represents that Buyer has sufficient funds to close this sale in accordance with the terms of this Agreement.
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Additional Down Payment. If Buyer's lender's appraised value of the Property is less than the Purchase Price, Buyer agrees to pay up to $ in additional funds towards Buyer’s down payment. Buyer represents that Buyer has sufficient funds to close this sale in accordance with the terms of this Agreement. Initials: BUYER: DATE: SELLER: DATE: BUYER: DATE: SELLER: DATE: WRE Form 41 Rev. 06/2017 3. □ NWMLS Form 22A, Paragraph 7, Appraisal Less than Sale Price. NWMLS Form 22A is modified as follows: Paragraph 7 of NWMLS Form 22A Financing Contingency, Appraisal Less than Sale Price, is deleted in its entirety. Buyer may not terminate this Agreement or obtain a refund of the ▇▇▇▇▇▇▇ Money, if any, in the event Buyer is unable to obtain the Loan and the sole reason for Buyer being unable to obtain the Loan is due to Buyer's lender's appraisal of the Property being less than the Purchase Price.
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Additional Down Payment. If ▇▇▇▇▇'s lender's appraised value of the Property is less than the Purchase Price, ▇▇▇▇▇ agrees to pay up to $ in additional funds towards ▇▇▇▇▇’s down payment. Buyer represents that ▇▇▇▇▇ has sufficient, non-contingent funds to make this additional down payment. □ NWMLS Form 22A, Paragraph 7, Appraisal Less than Sale Price. NWMLS Form 22A is modified as follows: Paragraph 7 of NWMLS Form 22A Financing Contingency, Appraisal Less than Sale Price, is deleted in its entirety. Buyer may not terminate this Agreement or obtain a refund of the ▇▇▇▇▇▇▇ Money, if any, in the event Buyer is unable to obtain the Loan and the sole reason for Buyer being unable to obtain the Loan is due to ▇▇▇▇▇'s lender's appraisal of the Property being less than the Purchase Price. □ NWMLS Form 35P, Pre-Inspection. Buyer has completed or waives the right to conduct a pre-inspection.
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Related to Additional Down Payment

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

  • Consideration Payment The consideration paid to Contractor is the entire compensation for all Work performed under this Agreement, including all of Contractor's approved reimbursable expenses incurred, such as travel and per diem expenses, unless otherwise expressly provided, as set forth in Exhibit 8 (Fees, Pricing and Payment Terms).

  • Additional Payment In addition to any Spousal Support, in the event of Divorce: (check one)

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Amount and Payment of Special Interest Any Special Interest that accrues on a Note pursuant to Section 7.03(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof for the first ninety (90) days on which Special Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof; provided, however, that in no event will Special Interest, together with any Additional Interest, accrue on any day on a Note at a combined rate per annum that exceeds one half of one percent (0.50%). For the avoidance of doubt, any Special Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and, subject to the proviso of the immediately preceding sentence, in addition to any Additional Interest that accrues on such Note.