Example of Financing Contingency Clause in IOI or LOI?

by a searcher

3 years ago

Would appreciate anyone who can share a sample financing contingency to be incorporated into an IOI or LOI.  Thanks in advance.

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7 comments

investor from Columbia University

DM me.

6 months ago | like reply | 0 likes

searcher from University of Illinois at Chicago

Here's one that I've used: The Transaction will be financed with a combination of debt and equity. The equity will be funded by myself as well as certain members of my network. The remaining funds necessary to finance the transaction will come from borrowings from a third-party institution (“Bank Debt”) and the Seller Note(s). Buyer will provide proof of funds for the equity within 48 hours of execution of this letter and will have six (6) weeks from the signing of this letter to obtain proof of financing from a lender.

3 years ago | like reply | 0 likes

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