Common use of Cancellation of Escrow Clause in Contracts

Cancellation of Escrow. In the event that the Closing does not occur at the time and in the manner provided in this Agreement because of the default of one of the parties, the non- defaulting party has the right to cancel the Escrow by written notice to the defaulting party and to the Escrow Holder. All costs of cancellation of Escrow shall be paid by the defaulting party. If the Closing does not take place for any reason other than a default by one of the parties, the escrow cancellation costs shall be shared equally by Buyer and Seller.

Cancellation of Escrow. In the event that the Closing does not occur at the time and in the manner provided in this Agreement because of the default of one of the parties, the non- non-defaulting party has the right to cancel the Escrow by written notice to the defaulting party and to the Escrow Holder. All costs of cancellation of Escrow shall be paid by the defaulting party. If the Closing does not take place for any reason other than a default by one of the parties, the escrow cancellation costs shall be shared equally by Buyer and Seller.

Cancellation of Escrow. In the event that the Closing does not occur at the time and in the manner provided in this Agreement because of the default of one of the parties, the non- non-defaulting party has shall have the right to cancel the Escrow by written notice to the defaulting party and to the Escrow Holder. All costs of cancellation of Escrow shall be paid by the defaulting party. If In the Closing does not take place for any reason other than event of a default by one of the partiesSeller, the escrow cancellation costs Buyer shall be shared equally entitled to (a). A return by Buyer and Seller.the

Cancellation of Escrow. In the event that If the Closing does not occur at the time and in the manner provided in this Agreement because of the default of one of the parties, the non- non-defaulting party has the right to cancel the Escrow by written notice to the defaulting party and to the Escrow HolderAgent. All costs of cancellation of Escrow shall will be paid by the defaulting party. If In addition, in the Closing does not take place for any reason other than event of a default by one of the partiesSeller, the escrow cancellation costs Buyer shall be shared equally entitled to a return of any funds deposited by Buyer and Sellerinto Escrow, together with all interest earned in Escrow.

Cancellation of Escrow. In the event that the Closing does not occur at the time and in the manner provided in this Agreement is terminated pursuant to Sections 16.1 or 16.2 because of the default of one of the partiesParties, the non- defaulting party has the right to cancel the Escrow by written notice to the defaulting party and to the Escrow Holder. All Party shall pay all costs of cancellation of Escrow shall be paid by the defaulting partyEscrow. If the Closing does not take place on or before the Closing Date for any reason other than a default by one of the partiesParties, Buyer shall pay the escrow cancellation costs Escrow fees, and the Parties shall be shared equally by Buyer released from any and Sellerall obligations (except for those that expressly survive termination) under this Agreement.