Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:
Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions:
Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.
Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ – Conventional Loan ☐ – FHA Loan (Attach Required Addendums) ☐ – VA Loan (Attach Required Addendums) ☐ – Other: [OTHER] a.) On or before [DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; ☐ – Seller Financing. Xxxxxx agrees to provide financing to the Buyer under the following terms and conditions: a.) Loan Amount: $[AMOUNT] b.) Down Payment: $[AMOUNT] c.) Interest Rate (per annum): [#]% d.) Term: [#] ☐ Months ☐ Years VI. SALE OF ANOTHER PROPERTY. Buyer’s performance under this Agreement: (check one) ☐ – Shall not be contingent upon selling another property. ☐ – Shall be contingent upon selling another property with a mailing address of [MAILING ADDRESS] within [#] days from the Effective Date. VII.
Bank Financing. RCI Holdings, Inc. or its Affiliates shall have obtained bank financing in an amount of not less than $10,800,000 for the acquisition of the Real Properties as contemplated pursuant to Section 4.3(b) of the Related Transactions.
Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ – Conventional Loan ☐ – FHA Loan (Attach Required Addendums) ☐ – VA Loan (Attach Required Addendums) ☐ – Other: [OTHER] a.) On or before [DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; ☐ – Seller Financing. Xxxxxx agrees to provide financing to the Buyer under the following terms and conditions: a.) Loan Amount: $[AMOUNT] b.) Down Payment: $[AMOUNT] c.) Interest Rate (per annum): [#]% d.) Term: [#] ☐ Months ☐ Years VI. SALE OF ANOTHER PROPERTY.
Bank Financing. The Buyer has made it known that their ability to purchase the Property is ☐ conditional ☐ not conditional on their ability to obtain financing. If the purchase is conditional on financing, it shall be under the following terms: _ .
Bank Financing. The Buyer or Lessee has made it known that their ability to pay the Purchase Price or Base Rent is ☐ conditional ☐ not conditional on their ability to obtain financing. If payment is conditional on financing, it shall be under the following terms: __ .
Bank Financing. Only select this checkbox if the Buyer has obtained financing from a bank or financial institution. The due date for the Seller’s receipt of the proof that the Buyer has access to such funds or credit should be recorded. Additionally, the number of days past the due date that entitles the Seller to cancel this agreement in the face of the Buyer’s failure to show proof should be defined. (12)
Bank Financing. The Company shall have entered into definitive documentation on terms and in form and substance reasonably satisfactory to the Lender with respect to the Bank Financing (collectively with all documents and instruments related thereto or delivered in connection therewith, the "Bank Documents") with a commercial lender or lenders or a syndicate of commercial lenders in form and substance reasonably satisfactory to the Lender. The Bank Documents shall be in full force and effect and the parties thereto shall be in compliance with all material agreements thereunder.
