Cancellation of Escrow. If the escrow fails to close because of Seller's default, Seller shall be liable for all customary escrow cancellation charges. If the escrow fails to close because of Purchaser's default, Purchaser shall be liable for all customary escrow cancellation charges. If the escrow fails to close for any other reason, Seller and Purchaser shall each be liable for one-half (1/2) of all customary escrow cancellation charges.
Appears in 11 contracts
Samples: Purchase and Sale Agreement (Aei Real Estate Fund 85-a LTD Partnership), Assignment of Purchase and Sale Agreement and Escrow Instructions (Aei Income & Growth Fund Xxi LTD Partnership), Purchase and Sale Agreement and Escrow Instructions (Aei Income & Growth Fund Xxii LTD Partnership)
Cancellation of Escrow. If the escrow fails to close because of Seller's ’s default, Seller shall be liable for all customary escrow cancellation charges. If the escrow fails to close because of Purchaser's ’s default, Purchaser shall be liable for all customary escrow cancellation charges. If the escrow fails to close for any other reason, Seller and Purchaser shall each be liable for one-half (1/2) of all customary escrow cancellation charges.
Appears in 1 contract
Samples: Escrow Instructions
Cancellation of Escrow. If the escrow fails to close because of Seller's default, Seller shall be liable for all customary escrow cancellation charges. If the escrow fails to close because of Purchaser's default, Purchaser shall be liable for all customary escrow cancellation charges. If the escrow fails to close for any other reason, Seller and Purchaser shall each be liable for one-half (1/2) of all customary escrow cancellation charges.
Appears in 1 contract
Cancellation of Escrow. If the escrow fails to close because of Seller's Sellers’ default, Seller Sellers shall be liable for all customary escrow cancellation charges. If the escrow fails to close because of Purchaser's Buyer’s default, Purchaser Buyer shall be liable for all customary escrow cancellation charges. If the escrow fails to close for any other reason, Seller Sellers and Purchaser Buyer shall each be liable for one-half (1/2) of all customary escrow cancellation charges, if any.
Appears in 1 contract
Cancellation of Escrow. If the escrow Escrow fails to close because of Seller's Sellers' default, Seller Sellers shall be liable for all customary escrow cancellation charges. If the escrow Escrow fails to close because of Purchaser's default, Purchaser shall be liable for all customary escrow cancellation charges. If the escrow Escrow fails to close for any other reason, Seller Sellers and Purchaser shall each be liable for one-half (1/2) of all customary escrow cancellation charges.
Appears in 1 contract
Samples: Asset Purchase Agreement (International Speedway Corp)
