Financing without Contingency Clause Samples

The "Financing without Contingency" clause establishes that the buyer’s obligation to complete the purchase is not dependent on securing financing. In practice, this means the buyer must proceed with the transaction regardless of whether they are able to obtain a loan or other funding, and cannot use failure to secure financing as a reason to cancel the contract. This clause primarily serves to provide certainty to the seller by eliminating the risk that the deal will fall through due to the buyer’s inability to obtain financing.
Financing without Contingency. Buyer is obtaining financing to purchase the Property but not including a financing contingency in Buyer’s offer. ▇▇▇▇▇▇ agrees to cooperate with ▇▇▇▇▇ and ▇▇▇▇▇’s lender to permit Buyer the opportunity to obtain any loan(s) including, without limitation, permitting inspections and appraisals required by Buyer’s lender. Initials: BUYER: DATE: SELLER: DATE: BUYER: DATE: SELLER: DATE:
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Financing without Contingency. Buyer is obtaining financing to purchase the Property but not including a financing contingency in Buyer’s offer. Seller agrees to cooperate with Buyer and Buyer’s lender to permit Buyer the opportunity to obtain any loan(s) including, without limitation, permitting inspections and appraisals required by Buyer’s lender.
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Related to Financing without Contingency

  • No Financing Contingency By participating in this auction, bidders hereby agree that their bid shall NOT be subject to the bidder’s ability to obtain financing. Financing is NOT a contingency in the purchase agreement. However, if a bidder decides to purchase property with a loan, they should make sure they are approved for a loan and that lender is capable of completing on or before closing date.

  • Financing Contingency The Buyer’s obligations herein are contingent on the Buyer’s obtaining financing to pay the balance on the Purchase Price. The Buyer must present to the Seller a binding commitment for financing the purchase of the Property within days from the Effective date. The terms of the financing must be acceptable to and approved by the Buyer who shall not unreasonably withhold such approval. In the event that the Buyer fails to obtain financing within the time allotted, this Agreement shall automatically terminated and all funds paid by the Buyer shall be returned to the Buyer after deducting all reasonable costs incurred by the Seller in good faith in relation this Agreement.

  • FUNDING CONTINGENCY a. In the event funding from state, federal, or other sources is withdrawn, reduced, or limited in any way after the effective date of this Contract and prior to completion of the work in this Contract, DCYF may: (1) Terminate this Contract with ten (10) days advance notice. If this Contract is terminated, the parties shall be liable only for performance rendered or costs incurred in accordance with the terms of this Contract prior to the effective date of termination; (2) Renegotiate the terms of the Contract under the new funding limitations and conditions; (3) After a review of project expenditures and deliverable status, extend the end date of this Contract and postpone deliverables or portions of deliverables; or (4) Pursue such other alternatives as the parties mutually agree to in writing. b. Any termination under this Section (FUNDING CONTINGENCY) shall be considered a Termination for Convenience.

  • Management of Company 5.1.1 The Members, within the authority granted by the Act and the terms of this Agreement shall have the complete power and authority to manage and operate the Company and make all decisions affecting its business and affairs. 5.1.2 Except as otherwise provided in this Agreement, all decisions and documents relating to the management and operation of the Company shall be made and executed by a Majority in Interest of the Members. 5.1.3 Third parties dealing with the Company shall be entitled to rely conclusively upon the power and authority of a Majority in Interest of the Members to manage and operate the business and affairs of the Company.

  • Management of Change 29.2.1 The parties to this collective agreement accept that change in the health service is necessary in order to ensure the efficient and effective delivery of health services. They recognise a mutual interest in ensuring that health services are provided efficiently and effectively, and that each has a contribution to make in this regard. 29.2.2 Regular consultation between the employer, its employees and the union is essential on matters of mutual concern and interest. Effective communication between the parties will allow for: (a) improved decision making; (b) greater cooperation between employer and employees; and (c) a more harmonious, effective, efficient, safe and productive workplace.