FINANCING CONTINGENCIES. If Buyer is financing any portion of the Purchase Price, this transaction is subject to the following financing 76 contingencies: (1) Buyer and the Property to qualify for the loan from Lender; (2) Lender’s appraisal shall not be less than the Purchase Price; and,
FINANCING CONTINGENCIES. This Contract is not contingent upon the ability of the Buyers to obtain financing or appraisal.
FINANCING CONTINGENCIES. The Redeveloper shall have until the Phase 1 Finance Contingency Period within which to secure financing for the Phase 1 Closing, shall have until the Phase 2 Finance Contingency Period within which to secure financing for the Phase 2 Closing, and shall have until the Phase 3 Finance Contingency Period within which to secure financing for the Phase 3 Closing. In the event that the Redeveloper is not able to secure financing for the applicable closing within such periods, it shall provide written notice thereof on or before the expiration of the such period, in which event the Deposit shall be returned to the Redeveloper, this Agreement shall terminate, and the Parties shall have no further obligations under this Agreement except for those obligations for which there exists an uncured Default (which the Defaulting Party must cure unless waived by the Non-Defaulting Party) and those obligations expressly stated to survive termination. If the Redeveloper fails to give the Town a notice of termination before the expiration of the applicable finance contingency period, then it shall be deemed to have waived its right to terminate the Agreement under this section.
FINANCING CONTINGENCIES. Buyer's ability to consummate Closing hereunder is not subject to any financing contingency.
FINANCING CONTINGENCIES. This offer is contingent upon Buyer obtaining from an insurance company, financial institution or other lender, a commitment to lend to Buyer a sum equal to at least ______% of the Purchase Price, at terms reasonably acceptable to Buyer. Such loan (“New Loan”) shall be secured by a first trust or mortgage on the Property. If this Agreement provides for Seller to carry back junior financing, the Seller shall have the right to approve the terms of the New Loan. Seller shall have 7 days from receipt of the commitment setting forth the proposed terms of the New Loan to approve or disapprove of such proposed terms. If Seller fails to notify Escrow Holder, in writing, of the disapproval within said 7 days it shall be conclusively presumed that Seller has approved the terms of the New Loan. Xxxxx hereby agrees to diligently pursue obtaining the New Loan. If Buyer shall fail to notify its Broker, Escrow Holder and Seller, in writing within ______ days following the Date of Agreement, that the New Loan has not been obtained, it shall be conclusively presumed that Buyer has either obtained said New Loan or has waived this New Loan contingency. If, after due diligence, Buyer shall notify its Broker, Escrow Holder and Seller, in writing, within the time specified in the previous paragraph hereof, that Buyer has not obtained said New Loan, this Agreement shall be terminated, and Buyer shall be entitled to the prompt return of the Deposit, plus any interest earned thereon, less only Escrow Holder and Title Company cancellation fees and costs, which Buyer shall pay.
FINANCING CONTINGENCIES. NO FINANCING CONTINGENCY ALL CASH. Buyer may encumber the property with debt but it will not be a contingency to closing.
FINANCING CONTINGENCIES. Situation: Buyer of commercial 4-plex rental property adds a financing contingency to the purchase agreement requiring Buyer to close only if Buyer obtains a loan at a rate not to exceed 3.5% annual, for a term of not less than 20 years. • Problem: Most commercial loans for this type of property are between 5 and 10 years. • Drafting Consideration: Evaluate whether the requested terms are reasonable.
FINANCING CONTINGENCIES. In the event there is a need for funds to complete the Renewable Energy Project over the grant amount, the recipient shall demonstrate to Tacoma Power’s satisfaction within 365 days of the award Issue Date via written communication that it has secured the necessary funds to complete the project. If the project has not secured financing for or the needed funds during this period, the project may forfeit its right to the grant funding reserved for the project.
FINANCING CONTINGENCIES. Buyer's obligations under this Agreement are contingent upon Buyer obtaining, no later than forty-five (45) days after the mutual execution of this Agreement, a binding commitment for financing to be secured by a first mortgage or deed of trust against the Real Property in an amount and terms reasonably acceptance to Buyer. The failure of Buyer to notify Seller by the end of the forty-five (45) day period that it has obtained the binding commitment shall be deemed a failure of this contingency and this Agreement will, in such event, be automatically terminated and the Deposit returned to Buyer without further action required by either party. Buyer shall use good faith efforts to obtain financing conforming to the terms of this Paragraph. SIGNATURE PAGE FOR CHRISTIE STREET BUILDING PURCHASE AGREEMENT EXECUTED on this 5th day of June, 2000 SELLER: ------ /s/ Xxxxxx X. Xxxxxx ------------------------------------ Xxxxxx X. Xxxxxx /s/ Xxxxxxx De La Fuente Xxxxxx ------------------------------------ Xxxxxxx De La Fuente Xxxxxx EXECUTED on this 2nd day of June, 2000 BUYER: ----- TRIPLE NET PROPERTIES, LLC, a Virginia limited liability company By: /s/ Xxxxxxx X. Xxxxxxxx ------------------------------------------ Xxxxxxx X. Xxxxxxxx President
FINANCING CONTINGENCIES. 6a. x NEW FIRST LOAN Buyer will be utilizing $750,000 from a 1030-Tax Exchang and obtaining financing for the balance of the purchase price. 6b. ¨ NEW SECOND LOAN 6c. ¨ SHORTFALL CLAUSE 6d. ¨ PURCHASE SUBJECT TO/ASSUMPTION OF FIRST 6e. ¨ PURCHASE SUBJECT TO/ASSUMPTION OF SECOND 6f. ¨ SELLER CARRIES BACK FIRST 6g. ¨ SELLER CARRIES BACK SECOND 6h. ¨ SELLER CARRIES BACK TXXXX 0x. ¨ ALL INCLUSIVE PROMISSORY NOTE AND DEED OF TRUST 6j. ¨ NO FINANCING CONTINGENCY — ALL CASH 6k. ¨ OTHER FINANCING This Contract is subject to financing by a third party loan. This Contract is conditioned on Buyer obtaining a written commitment within thirty-five (35) calendar days after the execution of this Contract in the principal amount of $400,000.00 at an initial interest rate not to exceed prevailing interest rate, for a term of 30 years. Discount and/or origination fee not to exceed 1% of the principal amount. Buyer will make application (5) days after the execution of this Contract, and use reasonable diligence to obtain a loan commitment and, thereafter, to satisfy terms and conditions of the commitment and close the loan. Buyer shall pay all loan expenses. If Buyer fails to obtain a commitment or fails to waive Buyer’s rights under this subparagraph within the time for obtaining a commitment or after diligent effort fails to meet the terms and conditions of the commitment, then either party thereafter, by written notice to the other, may cancel this Contract and Buyer shall be refunded the deposit.
