Common use of Cancellation of Escrow Clause in Contracts

Cancellation of Escrow. Notwithstanding the provisions of this Section 5, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow shall be borne equally by Buyer and Seller. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Sabra Health Care REIT, Inc.)

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Cancellation of Escrow. Notwithstanding the provisions of this Section 5, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow Escrow, including the cost of the PTR, shall be borne equally by Buyer and Seller. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow, including the cost of the PTR.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Sabra Health Care REIT, Inc.)

Cancellation of Escrow. Notwithstanding the provisions of this Section 56, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow Escrow, including the cost of the Proforma, shall be borne equally by Buyer and Seller. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow, including the cost of the Proforma.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Sabra Health Care REIT, Inc.)

Cancellation of Escrow. Notwithstanding the provisions of this Section 56, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow Escrow, including the cost of the Proformas, shall be borne equally by Buyer and Seller. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow, including the cost of the Proformas.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sabra Health Care REIT, Inc.)

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Cancellation of Escrow. Notwithstanding the provisions of this Section 56, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow Escrow, including the cost of the PTRs, shall be borne equally by Buyer and SellerSellers. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow, including the cost of the PTRs.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sabra Health Care REIT, Inc.)

Cancellation of Escrow. Notwithstanding the provisions of this Section 5, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow shall be borne equally by Buyer and Seller; provided, however, that the cost of the PTR shall be borne by Buyer. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow, including the cost of the XXX.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CareTrust REIT, Inc.)

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