what is third-party approval in real estate

Best answer

Third Party Approval meansany consent,approval,Order,authorization or waiver of,or notification to,any Person(including consents or approvals of any Governmental Authority but excluding (a) the Mandatory Regulatory Approvals,(b) the Business Employee Approvals,(c) consents,approvals or waivers from Seller or any of its Subsidiaries,or (d) consents,approvals or waivers in connection with Business Guarantees) necessary to consummate the sale,transfer,conveyance,assignment or delivery or attempted sale,transfer,conveyance,assignment or delivery to Buyer or a Buyer Designee of any Transferred Interest or Transferred Asset and/or the assumption or attempted assumption of any Assumed Liabilities or any claim or right or any benefit arising thereunder or resulting therefrom,in each case as contemplated by this Agreement.

People also ask

  • What is third party approval?

  • Third Party Approval means any Consent of, with or to any Person other than any Governmental Authority.

  • What is a 3rd party in real estate?

  • What Is a Third Party? A third party is an individual or entity that is involved in a transaction but is not one of the principals and, thus, has a lesser interest in the transaction. An example of a third party would be the escrow company in a real estate transaction; the escrow party acts as a neutral agent by collecting …

  • What is a third party financing addendum for credit approval?

  • The preamble to the Third Party Financing Addendum for Credit Approval sets the tone for financing. It states that the buyer will promptly apply for financing as described on the addendum and provide all information to the lender needed to make the loan happen.

  • What is a 3rd party mortgage originator?

  • Third-Party Mortgage Originator Defined. A third-party mortgage originator is any third-party that works with a lender to originate a mortgage loan. Lenders may rely on the services of third-party mortgage originators for various reasons.

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