F INANCING Sample Clauses
The Financing clause outlines the terms and conditions under which funding or financial support will be provided for a particular project or transaction. Typically, this clause specifies the amount of financing, the source of funds, repayment schedules, interest rates, and any conditions precedent to the disbursement of funds. By clearly defining the financial arrangements, the clause ensures that both parties understand their obligations and helps prevent disputes related to payment or funding shortfalls.
F INANCING. □ New Mortgage. This offer is contingent upon Purchaser obtaining a new □ VA, □ FHA, □ SDHDA, □ Conventional, or□ type of loan. A letter of Purchaser’s loan status from □ is attached or □ will be delivered by (date). Within legal banking days after acceptance of this Agreement, Purchaser will make application for and diligently and in good faith endeavor to secure a new loan, pay all application fees, and to sign all financing documents without delay. Purchaser reserves the right to obtain alternative financing as long as there are no increased costs to Seller. □ Assumption. See attached Addendum. □ Contract for Deed/Private Mortgage. See attached Addendum. □ Cash. This is a cash offer. The remaining balance of $ will be paid at closing by certified check. A letter of verification from regarding the availability of funds □ is attached □will be delivered by (date) or this agreement, at the option of Seller without notice to Purchaser may be voided. INITIALS: PURCHASER / SELLER /
F INANCING. Loan Application: This Agreement is contingent on Buyer obtaining a (type of loan). Buyer agrees to pay $_ down, in addition to the Loans and to make written application for the Loans to pay the balance of the Purchase Price and pay the application fee, if required, for the subject property within 5 days after mutual acceptance of this Agreement. Buyer: Date: _ Buyer: Date: _
F INANCING. The Student understands that if a separate party is financing his/her education, that the Student, and the Student alone, is directly responsible for all payments and monies owed to the school listed on this agreement.
F INANCING. LSS obtain acceptable financing for the purchase price
F INANCING. At the Closing, and subject to the satisfaction of closing conditions set forth in Article VI, Buyer will have sufficient financing to consummate the transactions contemplated by this Agreement.
F INANCING. □ New Mortgage. This offer is contingent upon Purchaser obtaining a new □ VA, □ FHA, □ SDHDA, □ Conventional, or□____________________________ type of loan. A letter of Purchaser’s loan status from __________________________________________________ □ is attached or □ will be delivered by _____________________________(date). Within ____ legal banking days after acceptance of this Agreement, Purchaser will make application for and diligently and in good faith endeavor to secure a new loan, pay all application fees, and to sign all financing documents without delay. Purchaser reserves the right to obtain alternative financing as long as there are no increased costs to Seller. □ Assumption. See attached Addendum. □ Contract for Deed/Private Mortgage. See attached Addendum. □ Cash. This is a cash offer. The remaining balance of $______________ will be paid at closing by certified check. A letter of verification from ________________________________________________________________________ regarding the availability of funds □ is attached □will be delivered by _______________ (date) or this agreement, at the option of Seller without notice to Purchaser may be voided. 5. APPRAISAL. This offer is _______ is not________ subject to the property appraising for at least the purchase price. If the appraisal reveals repairs, which must be made, Purchaser and Seller will negotiate which party will complete those repairs for any re-inspection fees. If the appraisal is less than the agreed purchase price, Purchaser and Seller may renegotiate the purchase price. Appraisal □ will / □ will not be ordered prior to removal of home inspection contingency.