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Buyer Approval means any Governmental Approval or any consent, waiver or approval of any other Person necessary for Buyer to consummate the transactions contemplated by this Agreement and the other Acquisition Documents.
The Third Party Financing Addendum is designed to limit the maximum amount of interest and loan fees that a buyer would be obligated to pay as part of his loan contingency.
Buyer Approval: This contract is subject to Buyer obtaining Buyer Approval. If Buyer cannot obtain Buyer Approval, Buyer may give written notice to Seller within days after the effective date of this contract and this contract will terminate and the earnest money will be refunded to Buyer.
Third-Party Mortgages A third-party origination is defined as any mortgage that is completely or partially originated, processed, underwritten, packaged, funded, or closed by an entity other than the lender who sells the mortgage to Fannie Mae, such as a mortgage broker or correspondent.