Verification of Buyer’s Funds. Within three (3) days after the Effective Date, Buyer shall supply Seller with all information requested by Seller to verify that cash funds are readily available to Buyer as necessary to complete the purchase of the Property. Buyer acknowledges that for purposes of this Agreement, stocks, bonds, and other securities do not constitute readily available cash funds. If Buyer fails to supply Seller with the requested information within three (3) days as required herein, Buyer shall be in default hereunder and Seller may terminate this Agreement and cancel escrow in accordance with Paragraph 14.1(a) below.
Appears in 6 contracts
Samples: Joint Purchase Agreement, Joint Purchase Agreement, Joint Purchase Agreement
