Buyer’s Obligation to Seek a Loan Sample Clauses

Buyer’s Obligation to Seek a Loan. If financing is required by Buyer, Buyer shall within five (5) days from the date of execution of this contract by Buyer, apply for a mortgage financing from a reputable mortgage lender, promptly sign and deliver all documents and diligently take all steps necessary to qualify for and obtain the required financing. An original executed copy of any notification of loan approval or mortgage commitment obtained by Buyer shall be delivered to Seller immediately upon receipt by Buyer and in all events no later than the Financing Approval Deadline stated in Section II of this contract. Seller and Seller’s Lender shall have the right, in sole discretion of either of them, to disapprove of or request modifications in any loan approval or mortgage commitment submitted to Seller under this contract within thirty(30) days of the receipt of same by Seller. In the event that Seller shall not have given written notice of disapproval to Buyer within said thirty (30) day period, such loan approval or mortgage commitment shall be deemed to be approved. In the event Seller or Seller’s Lender shall request that the loan approval or mortgage commitment be modified, Buyer shall have fifteen (15) days to obtain the modification and submit it to Seller, and Seller and Seller’s Lender shall have thirty (30) days from Seller’s receipt to approve or reject said loan approval or mortgage commitment as modified. Any contingencies, qualifications or conditions contained in Buyer’s loan approval or mortgage commitment shall be the full and absolute responsibility of the Buyer, and Seller’s approval shall not bind the Seller in any way with respect to any of the terms of said loan approval or mortgage commitment. Seller shall have no obligation to arrange for Buyer’s mortgage financing. Buyer agrees to be solely responsible for any fees charged by Buyer’s mortgage lender in processing Buyer’s loan application (including any fees in the event of cancellation). In order to keep Seller informed of Buyer’s progress in obtaining a mortgage loan, Buyer hereby authorizes Buyer’s prospective mortgage lender to transmit to Seller at Seller’s request any and all information necessary for this purpose.
AutoNDA by SimpleDocs

Related to Buyer’s Obligation to Seek a Loan

  • Seller’s Obligation The obligation of Seller to sell and deliver the Shares to Buyer is subject to the satisfaction (or waiver by Seller) as of the Closing of the following conditions:

  • Buyer’s Obligations At Closing, Buyer shall deliver or cause to be delivered to Seller the following:

  • Conditions Precedent to Seller’s Obligations The obligations of Seller to effect the Closing of the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any of which may be waived in writing by Seller:

  • Conditions to Seller’s Obligations The obligations of Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction of the following conditions on or before the Closing Date:

  • Seller’s Obligations At Closing, Seller shall deliver or cause to be delivered to Buyer the following:

  • Seller’s Obligations at Closing At Closing, Seller shall:

  • USER’S OBLIGATIONS In order to receive the benefits of this Warranty, the End-user must use the Product in a normal way; follow the Product's operation and maintenance manual; and protect against further damage to the Product if there is a covered defect. OTHER LIMITATIONS: Company's obligations under this Warranty are expressly conditioned upon receipt by Company of all payments due to it (including interest charges, if any). During such time as Company has not received payment of any amount due to it for the Product, in accordance with the contract terms under which the Product is sold, Company shall have no obligation under this Warranty. Also during such time, the period of this Warranty shall continue to run and the expiration of this Warranty shall not be extended upon payment of any overdue or unpaid amounts. COSTS NOT RELATED TO WARRANTY: The End-user shall be invoiced for, and shall pay for, all services not expressly provided for by the terms of this Warranty, including without limitation, site calls involving an inspection that determines no corrective maintenance is required. Any costs for replacement equipment, installation, materials, freight charges, travel expenses or labor of Company representatives outside the terms of this Warranty will be borne by the End-user. OBTAINING WARRANTY SERVICE: In the USA, call the Customer Reliability Center 7x24 at 800.356.5737. Outside of the USA, contact your local Xxxxx product sales or service representative for units purchased from those countries, or call the Customer Reliability Center in the USA at 919.845.3683 for units purchased in the USA that were shipped overseas. For comments or questions about this Warranty, write to the Customer Quality Representative, 0000 Xxx Xxxxx Xxxx, Xxxxxxx, Xxxxx Xxxxxxxx 00000 XXX.

  • Developer's Obligation The Developer shall bear the total cost and expense of all the obligations and duties created by this Contract unless otherwise explicitly stated in this Contract. Those obligations and duties are, generally, to create all Improvements as may be required by the City in accordance with this Contract and with City Requirements. Such Improvements include but are not limited to: i) all Improvements within the Project; ii) all Improvements connecting to water, sewer, or stormwater infrastructure outside the Project, whether existing or planned; iii) modifications to any existing water, sewer, or stormwater infrastructure outside the Project that facilitate provision of utility service to the Project, or compliance with City Requirements, or integration of the Improvements with the surrounding existing or planned water, sewer, or stormwater system; and iv) new streets or alterations to existing streets or rights of way within which the Improvements are located. The Developer's obligations also include all costs, including but not limited to legal costs, of acquiring all fees or easements within which the Improvements will be located.

  • Conditions to Buyer’s Obligations The obligation of Buyer to consummate the transactions contemplated by this Agreement is subject to the satisfaction of the following conditions on or before the Closing Date:

  • HIRER’S OBLIGATIONS a) The Hirer acknowledges having received the Vehicle in a clean condition, with a full fuel tank and full bottle of gas (if applicable). The Hirer will return the Vehicle in a clean condition with a full fuel tank and a full bottle of gas (if applicable, and subject to any pre-purchase fuel and/or pre- purchase gas option being taken), on the Return Date at the time and at the Return Point set out in the Rental Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.