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:
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.