Common use of Demand Clause in Contracts

Demand. Upon termination of this contract, either party or the Escrow Agent may send a release of ▇▇▇▇▇▇▇ money to each party and the parties shall execute counterparts of the release and deliver same to the Escrow Agent. If either party fails to execute the release, either party may make a written demand to the Escrow Agent for the ▇▇▇▇▇▇▇ money. If only one party makes written demand for the ▇▇▇▇▇▇▇ money, Escrow Agent shall promptly provide a copy of the demand to the other party. If Escrow Agent does not receive written objection to the demand from the other party within 15 days, Escrow Agent may disburse the ▇▇▇▇▇▇▇ money to the party making demand reduced by the amount of unpaid expenses incurred on behalf of the party receiving the ▇▇▇▇▇▇▇ money and Escrow Agent may pay the same to the creditors. If Escrow Agent complies with the provisions of this paragraph, each party hereby releases Escrow Agent from all adverse claims related to the disbursal of the ▇▇▇▇▇▇▇ money.

Appears in 18 contracts

Sources: Residential Condominium Contract (Resale), Residential Condominium Contract (Resale), One to Four Family Residential Contract (Resale)

Demand. Upon termination of this contract, either party or the Escrow Agent escrow agent may send a release of ▇▇▇▇▇▇▇ money to each party and the parties shall execute counterparts of the release and deliver same to the Escrow Agentescrow agent. If either party fails to execute the release, either party may make a written demand to the Escrow Agent escrow agent for the ▇▇▇▇▇▇▇ money. If only one party makes written demand for the ▇▇▇▇▇▇▇ money, Escrow Agent escrow agent shall promptly provide a copy of the demand to the other party. If Escrow Agent escrow agent does not receive written objection to the demand from the other party. If escrow agent does not receive written objection to the demand from the other party within 15 days, Escrow Agent escrow agent may disburse the ▇▇▇▇▇▇▇ money to the party making demand reduced by the amount of unpaid expenses incurred on behalf of the party receiving the ▇▇▇▇▇▇▇ money and Escrow Agent escrow agent may pay the same to the creditors. If Escrow Agent escrow agent complies with the provisions of this paragraph, each party hereby releases Escrow Agent escrow agent from all adverse claims related to the disbursal of the ▇▇▇▇▇▇▇ money.

Appears in 9 contracts

Sources: Farm and Ranch Contract, Farm and Ranch Contract, Farm and Ranch Contract

Demand. Upon termination of this contractContract, either party or the Escrow Agent may send a release of ▇▇▇▇▇▇▇ money Money to each party and the parties shall execute counterparts of the release and deliver same to the Escrow Agent. If either party fails to execute the release, either party may make a written demand to the Escrow Agent for the ▇▇▇▇▇▇▇ moneyMoney. If only one party makes written demand for the ▇▇▇▇▇▇▇ moneyMoney, the Escrow Agent shall promptly provide a copy of the demand to the other party. If the Escrow Agent does not receive written objection to the demand from the other party within 15 fifteen (15) days, Escrow Agent may disburse the ▇▇▇▇▇▇▇ money Money to the party making demand reduced by the amount of unpaid expenses incurred on behalf of the party receiving the ▇▇▇▇▇▇▇ money Money and Escrow Agent may pay the same to the creditors. If Escrow Agent complies with the provisions of this paragraph, each party hereby releases Escrow Agent from all adverse claims related to the disbursal of the ▇▇▇▇▇▇▇ moneyMoney.

Appears in 7 contracts

Sources: Residential Partially Completed Home Contract, Residential Completed Home Contract, Residential Completed Home Contract

Demand. Upon termination of this contract, either party or the Escrow Agent may send a release of ▇▇▇▇▇▇▇ money to each party and the parties shall execute counterparts of the release and deliver same to the Escrow Agent. If either party fails to execute the release, either party may make a written demand to the Escrow Agent for the ▇▇▇▇▇▇▇ money. If only one party makes written demand for the ▇▇▇▇▇▇▇ money, Escrow Agent shall promptly provide a copy of the demand to the other party. If Escrow Agent does not receive written objection to the demand from the other party within 15 days, Escrow Agent may disburse the ▇▇▇▇▇▇▇ money to the party making demand reduced by the amount of unpaid expenses incurred on behalf of the party receiving the ▇▇▇▇▇▇▇ money and Escrow Agent may pay the same to the creditors. If Escrow ▇▇▇▇▇▇ Agent complies with the provisions of this paragraph, each party hereby releases Escrow Agent from all adverse claims related to the disbursal of the ▇▇▇▇▇▇▇ money.

Appears in 3 contracts

Sources: Residential Condominium Contract (Resale), Unimproved Property Contract, Unimproved Property Contract

Demand. Upon termination of this contract, either party or the Escrow Agent escrow agent may send a release of ▇▇▇▇▇▇▇ money to each party and the parties shall execute counterparts of the release and deliver same to the Escrow Agentescrow agent. If either party fails to execute the release, either party may make a written demand to the Escrow Agent escrow agent for the ▇▇▇▇▇▇▇ money. If only one party makes written demand for the ▇▇▇▇▇▇▇ money, Escrow Agent escrow agent shall promptly provide Initialed for identification by ▇▇▇▇▇ and Seller TREC NO. 9-12 Produced with zipForm® by zipLogix ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ - 8 + a copy of the demand to the other party. If Escrow Agent escrow agent does not receive written objection to the demand from the other party within 15 days, Escrow Agent escrow agent may disburse the ▇▇▇▇▇▇▇ money to the party making demand reduced by the amount of unpaid expenses incurred on behalf of the party receiving the ▇▇▇▇▇▇▇ money and Escrow Agent escrow agent may pay the same to the creditors. If Escrow Agent escrow agent complies with the provisions of this paragraph, each party hereby releases Escrow Agent escrow agent from all adverse claims related to the disbursal of the ▇▇▇▇▇▇▇ money.

Appears in 1 contract

Sources: Unimproved Property Contract