Finance Approval definition

Finance Approval means an offer to lend made by the Lender on reasonable terms and conditions or an approval of a finance application by the Lender to the Buyer, by the Latest Time for a loan of an amount not less than the Amount of Loan shown below. An approval that is subject to the Lender’s usual terms and conditions shall be deemed to be Finance Approval.
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Finance Approval. If you are borrowing money to purchase property, it’s prudent to ensure the sale contract is subject to finance approval (even if you have been pre-approved). In addition to what you provided to get pre-approved, your lender will need specific information about the specific property they will be lending money for. Finance approval is generally 14 days in Queensland. - Unconditional Date: Building and pest inspections and finance approval are the most common conditions found on a contract for sale, although others can be agreed to by the buyers and sellers prior to a contract being signed. Once all conditions have been satisfied (and solicitors notified) the contract then becomes unconditional. This means that the buyer could lose their deposit if they do not complete the transaction after this date.
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Finance Approval means any approval specified in the Schedule and in accordance with Condition 37.2.
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Examples of Finance Approval in a sentence

  • If item M is completed, this Contract is subject to the Buyer obtaining from the Lender specified in item M on or before the Finance Approval Date approval of a loan not being less than the Amount of Loan specified in item M on terms satisfactory to the Buyer, acting reasonably.

  • If the Buyer has selected ‘yes’ in relation to Finance Approval in the Reference Schedule of this Contract then the following provisions of this Clause 15 will take effect otherwise Clause 15 (c) to (g) will not apply to this Contract.

  • Non-Approval Notice Given This Contract will come to an end without further action by either Party if on or before the Latest Time: a written Finance Approval has not been obtained; and b The Purchaser gives a Non-Approval Notice to the Vendor or Vendor’s Agent.

  • Developer may request that the Master Project Budget be reviewed and confirmed, or updated, revised and approved by agreement of Developer and the County, in connection with the approval of the Construction Documents, and the Master Project Budget is subject to the Parties' review and final approval at the time of Final Project Finance Approval as provided in Section 4.22.

  • Upon Finance Approval, Tenant will submit these invoices to the Bank once per month.

  • Where this Contract is subject to Finance Approval, if the Owner fails to give the Contractor written notice, on or before the Finance Approval Date, that the Owner has obtained Finance Approval on terms satisfactory to the Owner, this Contract is at an end.

  • The condition in clauses 4.1 shall operate for the benefit of both parties except that you, by waiving your rights pursuant to this clause at any time before the Latest Time, shall be deemed to have received Finance Approval.

  • At any time during the preparation, review or resubmission of the Design Documents and continuing until the Final Project Finance Approval, either Party may deliver a Termination Notice to the other Party advising such other Party that in the submitting Party's reasonable opinion, the development of the Facility as contemplated by the County Requirements and the previously approved Design Documents is not physically or economically feasible.

  • The Master Project Schedule is subject to review, adjustment and final approval by the Parties at the time of Final Project Finance Approval as provided in Section 4.22.

  • After Final Project Finance Approval, the Master Project Budget may not be amended or modified without the County's prior written approval, which approval shall not be unreasonably withheld, delayed or conditioned.

Related to Finance Approval

  • Requisite Approval means the affirmative vote of the holders of (a) at least a majority of the outstanding shares of Company Capital Stock, voting together as a single class and (b) at least a majority of the outstanding shares of Series A-1 Preferred Stock, Series B Preferred Stock and Series C Preferred Stock, voting together as a single class on an as-converted basis.

  • type-approval means the procedure whereby an approval authority certifies that a type of vehicle, system, component or separate technical unit satisfies the relevant administrative provisions and technical requirements;

  • Pre-approval means written notification via a pre-approval letter to Customer that Ameren Illinois has reviewed Customer's Application and determined that the project meets the program eligibility requirements for a maximum pre-approved incentive amount if the project is completed by the estimated completion date and all final application paperwork is submitted and approved.

  • Price Approval means, in any country where a Governmental Authority authorizes reimbursement for, or approves or determines pricing for, pharmaceutical products, receipt (or, if required to make such authorization, approval or determination effective, publication) of such reimbursement authorization or pricing approval or determination (as the case may be).

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms: