Common use of Competing Offer Clause in Contracts

Competing Offer. “Competing Offer” means a bona fide, arm’s length offer for the property under comparable terms and conditions that has not expired or been withdrawn when this offer is accepted. The net amount of a competing offer shall be the stated amount (or the maximum amount if the competing offer contains a price escalation clause) less any seller credits or other price adjustments such as credits for the buyers closing cost.

Competing Offer. “Competing Offer” means a bona fide, arm’s length offer for the property Property under comparable terms and conditions that has not expired or been withdrawn when this the offer is accepted. The net amount of a competing offer the Competing Offer shall be the stated amount (or the maximum amount if the competing offer Competing Offer contains a price escalation clause) less any seller credits or other price adjustments such as credits for the buyers closing costbuying costs.