Ability to obtain as used herein means that Buyer is qualified to receive the loan based upon Lender’s customary and standard underwriting criteria. In the event Buyer, having acted in good faith, is unable to obtain financing by the Closing Date, Buyer may terminate this Agreement by providing written notice and a copy of Lender’s loan denial letter. Upon termination, Buyer is entitled to a refund of the Xxxxxxx Money less the cost of any unfunded Change Orders or Upgrades already performed, installed, or in the process of being performed or installed by the Seller on or for the Property. Buyer shall be obligated to Close this transaction if Buyer has the ability to obtain a loan for which Buyer has applied and been approved. Type of loan (select box) FHA: Addendum attached USDA Conventional VA: Addendum attached OTHER: Loan Obligations: The Buyer agrees and/or certifies as follows:
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein based upon Seller’s approved lenders’ customary and standard underwriting criteria.
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein based upon lender's customary and standard underwriting criteria. The loan shall be of the type selected below: Fixed Rate Mortgage Loan Adjustable Rate Mortgage FHA Loan VA Loan Other Loan
Examples of Ability to obtain in a sentence
Electronic signatures will not be accepted.● Ability to obtain and maintain a Secret up to Top Secret/Sensitive Compartmented Information level clearance as provided by USAID.● Ability to obtain a Department of State medical clearance.● Must not appear as an excluded party in the System for Award Management (SAM.gov).● Satisfactory verification of academic credentials.
Electronic signatures will not be accepted.• Supplemental document specifically addressing the Quality Ranking Factors (QRFs) submitted.• Ability to obtain and maintain a Secret up to Top Secret/Sensitive Compartmented Information level clearance as provided by USAID.• Ability to obtain a Department of State medical clearance.• Must not appear as an excluded party in the System for Award Management (SAM.gov).• Satisfactory verification of academic credentials.
Ability to obtain required insurance with coverage values that meet minimum requirements.
Electronic signatures will not be accepted.● Ability to obtain and maintain a Secret up to Top Secret/Sensitive Compartmented Information level clearance as provided by USAID.● Ability to obtain and maintain a Department of State medical clearance throughout the contract.● Must not appear as an excluded party in the System for Award Management (SAM.gov).● Satisfactory verification of academic credentials.
Experience that cannot be quantified will not be counted towards meeting the solicitation requirements;• Supplemental document specifically addressing how the candidate meets each of the Evaluation Factors submitted;• Ability to obtain a SECRET level security clearance (NOTE: Dual citizens may be asked to renounce second-country citizenship);• Satisfactory verification of academic credentials.
More Definitions of Ability to obtain
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein based upon lender's customary and standard underwriting criteria. If Buyer has the ability to obtain the loan referenced herein, Buyer warrants that, at closing, Buyer will have sufficient cash to complete the purchase of the Premises. Buyer further warrants that Buyer does not need to sell or lease other real property in order to complete the purchase of the Premises. Buyer shall provide Seller with written evidence of approval for a loan for purchase of the Premises under the terms and conditions set forth in this Contract on or before ( ) days from the Effective Date (the “Loan Approval Date”). Upon receipt of evidence of loan approval by Seller, this financing contingency shall no longer apply. In the event the loan is disapproved and evidence of such disapproval is provided to Seller by the Loan Approval Date, then Buyer may terminate the Contract by written notice to Seller by the Loan Approval Date, Holder shall return the Xxxxxxx Money and any Construction Deposit to Buyer, and all further rights, obligations and liabilities created hereunder shall be deemed terminated and of no further force and effect. In the event the loan is disapproved and Buyer does not elect to terminate the Contract, then Seller, in Seller’s discretion, may nonetheless terminate the Contract and Holder shall return the Xxxxxxx Money and any Construction Deposit to Buyer, and all further rights, obligations and liabilities created hereunder shall be deemed terminated and of no further force and effect. Should Buyer not provide evidence of approval or disapproval of loan by the Loan Approval Date, then, at the election of Seller: (i) this contingency shall not apply, this transaction shall be considered an all cash transaction, and Seller shall not pay any closing costs or; (ii) Seller may terminate the Contract. Notwithstanding the above, in the event the loan is disapproved solely on the bases that the appraised value of the Premises is too low, and if Buyer elects to terminate the Contract as provided for above, then Seller shall not return any Construction Deposit, the parties having expressly agreed that this is a risk being assumed by the Buyer. Buyer agrees that a loan with terms consistent with those described herein shall satisfy this loan contingency. Buyer may also apply for a loan with different terms and conditions and close the transaction provided (a) all other terms and condition...
Ability to obtain as used herein means that Buyer is qualified to receive the loan described 83 herein based upon Lender’s customary and standard underwriting criteria. In the event Buyer, having acted in good 84 faith and in accordance with the terms below, is unable to obtain financing, Buyer may terminate this Agreement by 85 providing written notice and a copy of Lender’s loan denial letter via the Notification form or equivalent written 86 notice. Upon termination, Buyer is entitled to a refund of the Xxxxxxx Money. Lender is defined herein as the 87 financial institution funding the loan. 88 The loan shall be of the type selected below (Select the appropriate boxes. Unselected items will not be part of 89 this Agreement): 90 □ Conventional Loan □ FHA Loan; attach addendum 91 □ VA Loan; attach addendum □ Other 92 Loan Obligations: The Buyer agrees and/or certifies as follows:
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein _______________________________ 48 based upon Lender’s customary and standard underwriting criteria. In consideration of Buyer, having acted in good 49 50 51 52 53 54 55 56 57 58 59 60 61 62 64 (1) 65 66 67 68 (2) 69 70 71 72 73 74 75 (3) 76 (4) 77 (5) 78 79 (6) 80 63 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 faith and in accordance with the terms below, being unable to obtain financing by the Closing Date, the sufficiency of such consideration being hereby acknowledged, Buyer may terminate this Agreement by providing written notice via the Notification form or equivalent written notice. Seller shall have the right to request any supporting documentation regarding loan denial. Upon termination, Buyer is entitled to a refund of the Xxxxxxx Money/Trust Money. Lender is defined herein as the financial institution funding the loan. The loan shall be of the type selected below (Select the appropriate boxes. Unselected items will not be part of this Agreement): □ □ Conventional Loan FHA Loan; attach addendum □ □ VA Loan; attach addendum Rural Development/USDA _____________________________________________ □ □ THDA Other Buyer may apply for a loan with different terms and conditions and also Close the transaction provided all other terms and conditions of this Agreement are fulfilled, and the new loan does not increase any costs charged to Seller. Buyer shall be obligated to Close this transaction if Buyer has the ability to obtain a loan with terms as described herein and/or any other loan for which Buyer has applied and been approved.
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein based upon lender's customary and standard underwriting criteria. The loan shall be of the type selected below: [The sections not marked are not a part of this Agreement.] ___ FIXED RATE MORTGAGE LOAN; ___ ADJUSTABLE RATE MORTGAGE ("ARM") LOAN; ___ FHA LOAN; ___ VA LOAN; (see attached exhibit) ___ OTHER LOAN (see attached exhibit)
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein 48 based upon Xxxxxx’s customary and standard underwriting criteria. In consideration of Xxxxx, having acted in good 49 faith and in accordance with the terms below, being unable to obtain financing by the Closing Date, the sufficiency of 50 such consideration being hereby acknowledged, Buyer may terminate this Agreement by providing written notice via 51 the Notification form or equivalent written notice. Seller shall have the right to request any supporting documentation 52 regarding loan denial. Upon termination, Xxxxx is entitled to a refund of the Xxxxxxx Money/Trust Money. Lender is 53 defined herein as the financial institution funding the loan. 54 The loan shall be of the type selected below (Select the appropriate box.): 55 □ Conventional Loan □ FHA Loan; attach addendum 56 □ VA Loan; attach addendum □ Rural Development/USDA 57 □ Other 58 Buyer may apply for a loan with different terms and conditions and also Close the transaction provided all other terms 59 and conditions of this Agreement are fulfilled, and the new loan does not increase any costs charged to Seller. Buyer 60 shall be obligated to Close this transaction if Xxxxx has the ability to obtain a loan with terms as described herein 61 and/or any other loan for which Buyer has applied and been approved.
Ability to obtain as used herein, means that Purchaser is qualified to receive the Loan based upon the criteria within the sole discretion of Purchaser’s lender. If Purchaser has the ability to obtain the Loan, Purchaser warrants that, at closing, Purchaser will have sufficient cash to complete the purchase of the Home. Purchaser further warrants that, unless otherwise specified herein, Purchaser does not need to sell or lease other real property in order to complete the purchase of the Home. To withdraw from this Agreement and obtain a return of the Xxxxxxx Money from Escrow Agent, Purchaser shall be required to provide Seller written notice of its inability to obtain a satisfactory financing commitment as stated above on or before the Financing Contingency Deadline (10 business days from the Effective Date of this Agreement). SHOULD PURCHASER NOT PROVIDE EVIDENCE OF APPROVAL OR DISAPPROVAL OF THE LOAN WITHIN SAID FINANCING CONTINGENCY DEADLINE, BY WRITTEN NOTICE TO SELLER AS PROVIDED IN THIS PARAGRAPH, THIS CONTINGENCY SHALL NOT APPLY AND THIS AGREEMENT SHALL BE ENFORCEABLE AGAINST PURCHASER IN ALL RESPECTS. SHOULD PURCHASER NOT BE ABLE TO OBTAIN FINANCING BY THE CLOSING DATE, THE INITIAL DEPOSIT as well as any and all secondary deposits or Builder Deposits SHALL BE DISBURSED BY ESCROW AGENT TO SELLER AND SELLER MAY PURSUE ANY AND ALL REMEDIES AVAILABLE PURSUANT TO THIS AGREEMENT OR AT LAW OR EQUITY IN A COURT OF COMPETENT JURISDICTION. In addition, at any time the Seller may require the Purchaser to show written evidence that Purchaser is actively pursuing financing. In the event that the Purchaser cannot show proper written evidence of financing within 5 days of request, the Seller may consider the Purchaser to be in default. For the benefit and convenience of Purchaser, Seller acknowledges that it has a banking relationship with the following lenders:
Ability to obtain as used herein means that Buyer is qualified to receive the loan described herein 49 based upon Lender’s customary and standard underwriting criteria. In consideration of Buyer, having acted in good 50 faith and in accordance with the terms below, being unable to obtain financing by the Closing Date, the sufficiency of 51 such consideration being hereby acknowledged, Buyer may terminate this Agreement by providing written notice via 52 the Notification form or equivalent written notice. Seller shall have the right to request any supporting documentation 54 defined herein as the financial institution funding the loan. 55 The loan shall be of the type selected below (Select the appropriate boxes. Unselected items will not be part of 56 this Agreement): 57 □ Conventional Loan □ FHA Loan; attach addendum 58 □ VA Loan; attach addendum □ Rural Development/USDA 59 □ THDA □ Other 60 Buyer may apply for a loan with different terms and conditions and also Close the transaction provided all other terms 61 and conditions of this Agreement are fulfilled, and the new loan does not increase any costs charged to Seller. Buyer 62 shall be obligated to Close this transaction if Buyer has the ability to obtain a loan with terms as described herein 63 and/or any other loan for which Buyer has applied and been approved.