Common use of Disposition of Xxxxxxx Money Clause in Contracts

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 request Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by BuyerXxxxx, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 188 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 189 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 190 request Seller's and BuyerXxxxx's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller Xxxxxx and Buyer 193 191 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 192 Buyer or their authorized agents. If Escrowee Xxxxxxxx is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 193 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 194 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 195 joint written direction of Seller Xxxxxx and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 197 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 198 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 183 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 184 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 185 request Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 186 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 187 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 188 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 189 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 190 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 192 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 193 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 188 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 189 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 190 request Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 191 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 192 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 193 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 194 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 195 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 197 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 198 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's ’s intended disposition of the Xxxxxxx Money and 192 request Seller's ’s and Buyer's ’s written consent to the Escrowee's ’s intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense disperse the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's ’s fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' ’ fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing broker, Money shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's ’s intended disposition of the Xxxxxxx Money and 192 request Seller's ’s and Buyer's ’s written consent to the Escrowee's ’s intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense disperse the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's ’s fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' ’ fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In The Xxxxxxx Money shall be applied as a credit to the event Purchase Price at Closing. However, (i) if Purchaser elects to terminate this Agreement prior to the expiration of default by Buyerthe Environmental Inspection Period because of an Unknown Violation of Environmental Law as described in Section 4.4, Escrow Agent shall pay the entire Xxxxxxx Money, less expenses and commission of including the listing broker, shall be paid to 190 Seller. If Seller defaults, the Non-Refundable Xxxxxxx Money, at to Purchaser one (1) business day following receipt of the option Environmental Termination Notice from Purchaser (as long as the current investment can be liquidated and disbursed in one (1) business day); and (ii) if Purchaser elects to terminate this Agreement prior to the expiration of Buyerthe Inspection Period pursuant to Section 4.4 for any reason other than an Unknown Violation of Environmental Law, Escrow Agent shall pay the Xxxxxxx Money less the Non-Refundable Xxxxxxx Money to Purchaser one (1) business day following receipt of the Due Diligence Termination Notice from Purchaser (as long as the current investment can be liquidated and disbursed in one (1) business day). No notice to Escrow Agent from Seller shall be refunded required for the release of the applicable Xxxxxxx Money to Buyer, but such refunding shall not release Seller from the obligations of Purchaser by Escrow Agent if Purchaser terminates this 191 ContractAgreement pursuant to Section 4.4. In the event of a termination of this Agreement by either Seller or Purchaser for any defaultreason other than pursuant to Section 4.4, Escrowee shall give Escrow Agent is authorized to deliver the applicable Xxxxxxx Money to the party hereto entitled to same pursuant to the terms hereof on or before the tenth (10th) business day following receipt by Escrow Agent and the non-terminating party of written notice of such termination from the terminating party, unless the other party hereto notifies Escrow Agent that it disputes the right of the other party to Seller and Buyer indicating Escrowee's intended disposition of receive the applicable Xxxxxxx Money. In such event, Escrow Agent may interplead the Xxxxxxx Money and 192 request Seller's and Buyer's written consent to into a court of competent jurisdiction in the Escrowee's intended disposition of county in which the Xxxxxxx Money within 30 days after has been deposited. All attorneys' fees and costs and Escrow Agent's costs and expenses incurred in connection with such interpleader shall be assessed against the notice. However, Seller and Buyer 193 acknowledge and agree party that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of awarded the Xxxxxxx Money, then the Escrowee may deposit or if the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action is distributed in part to both parties, then in the nature inverse proportion of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demandssuch distribution.

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 Seller. If Seller 174 defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any 175 default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 request Seller's and Buyer's written consent to the 176 Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate 177 broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate 178 broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall 179 proceed to dispense the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a 180 licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the 181 Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, 182 including reasonable 199 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 183 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 169 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 170 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 request 171 Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge 172 and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their 173 authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the 174 Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or 175 Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller 176 and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx Circuit Court by the filing of an action in 177 the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the 178 Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and 179 expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing brokerListing Broker, shall be paid to 190 137 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 138 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 request 139 Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree 140 that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized 141 agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money 142 within 30 days after the date of the notice, then Escrowee shall proceed to dispense dispose the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects 143 to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer 144 authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx Circuit Court by the filing of an action in the 145 nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the Interpleader 146 and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and expenses 147 arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's ’s intended disposition of the Xxxxxxx Money and 192 request Seller's ’s and Buyer's ’s written consent to the Escrowee's ’s intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense disperse the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's ’s fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' ’ fees, costs, and expenses arising out of those claims and demands. Xxxxxxx Money shall be deposited and held in a Strict Joint Money Escrow with Chicago Title Insurance pending closing in this matter.

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 161 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 162 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 163 request Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 164 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 165 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 166 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense disperse the Xxxxxxx Money as previously noticed by 196 167 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 168 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 170 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 171 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 163 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 164 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 165 request Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 166 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 167 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 168 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense disperse the Xxxxxxx Money as previously noticed by 196 169 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 170 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 172 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 173 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by Buyer, and provided Buyer has not terminated within the Inspection Period, the Xxxxxxx Money, less expenses and commission of the listing broker, Money shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's ’s intended disposition of the Xxxxxxx Money and 192 request Seller's ’s and Buyer's ’s written consent to the Escrowee's ’s intended disposition of the Xxxxxxx Money within 30 days after the notice, such written consent not to be unreasonably withheld. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense disperse the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's ’s fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' ’ fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of any default by either Party, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of 148 Seller and Buyer or their authorized agents. However, if Escrowee has not received the joint written direction of both Seller and Buyer or their authorized agents, then Escrowee 149 may give written notice to Seller and Buyer of the intended disbursement of Xxxxxxx Money, indicating the manner in which Escrowee intends to disburse in the absence of any 150 written objection. If neither Party objects, in writing, to the proposed disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed 151 to dispense the Xxxxxxx Money as previously noticed by Escrowee. If either Seller or Buyer objects in writing to the intended disposition within the 30 day period, then the 152 Escrowee may deposit the Xxxxxxx Money with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may withdraw from the Xxxxxxx 153 Money all costs, including reasonable attorney's fees, related to the filing of the Interpleader, and the Parties shall indemnify and hold Escrowee harmless from any and all 154 claims and demands, including the payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands. In the event of default by Buyer, the 155 Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to 156 Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 request Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by BuyerXxxxx, the Xxxxxxx Money, less expenses and commission of the listing brokerListing Broker, shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating EscroweeXxxxxxxx's intended disposition of the Xxxxxxx Money and 192 request Seller's and BuyerXxxxx's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee Xxxxxxxx is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense dispose the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In The Xxxxxxx Money and the event amount of default by Buyerthe Repair Escrow Fund shall be applied as a credit to the Purchase Price at Closing. However, if Purchaser elects to terminate this Agreement prior to the expiration of the Inspection Period pursuant to Section 4.5, Escrow Agent shall pay the entire Initial Xxxxxxx Money less the Non-Refundable Amount to Purchaser following receipt of the Due Diligence Termination Notice ( as defined in Section 4.5) from Purchaser notifying Seller that Purchaser is terminating this Agreement for a reason that entitles it to receive a refund of the Initial Deposit less the Non-Refundable Amount pursuant to Section 4.5. No notice to Escrow Agent from Seller shall be required for the release of the Xxxxxxx Money, less expenses and commission Money to Purchaser by Escrow Agent if Purchaser terminates this Agreement for a reason that entitles Purchaser to receive a refund of the listing broker, shall be paid Initial Deposit less the Non-Refundable Amount prior to 190 Seller. If Seller defaults, the Xxxxxxx Money, at expiration of the option of Buyer, shall be refunded Inspection Period pursuant to Buyer, but such refunding shall not release Seller from the obligations of this 191 ContractSection 4.5. In the event of a termination of this Agreement by Purchaser pursuant to Section 4.5 for any defaultother reason, Escrowee shall give written notice Escrow Agent is authorized to Seller and Buyer indicating Escrowee's intended disposition of deliver the Xxxxxxx Money and 192 request Seller's and Buyer's written consent to Seller pursuant to the Escrowee's intended disposition terms hereof following receipt by Escrow Agent and the Seller written notice of such termination from the Xxxxxxx Money within 30 days after the noticeterminating party. However, If a dispute arises between Seller and Buyer 193 acknowledge and agree that if Escrowee Purchaser regarding which party is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, entitled to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee Escrow Agent may deposit interplead the Xxxxxxx Money with the Clerk into a court of the 000 Xxxxxxx Xxxxx by the filing of an action competent jurisdiction in the nature of an Interpleader. Escrowee may be reimbursed from county in which the Xxxxxxx Money has been deposit. All attorneys' fees and costs and Escrow Agent's costs and expenses incurred in connection with such interpleader shall be assessed against the party that is not awarded the Xxxxxxx Money, or if the Xxxxxxx Money is distributed in part to both parties, then in the inverse proportion of such distribution. In performing its duties hereunder, Escrow Agent shall not incur any liability to anyone for any damages, losses or expenses, except for its gross negligence or willful misconduct, and it shall accordingly not incur any such liability with respect to any action taken or omitted (a) in good faith upon advice of its counsel or (b) in reliance upon any instrument, including any written notice or instruction provided for in this Agreement, not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and accuracy of any information contained therein, that Escrow Agent shall in good faith believe to be genuine, to have been signed or presented by a proper person and to conform to the provisions of this Agreement. Seller and Purchaser hereby agree to indemnify and hold harmless Escrow Agent against any and all costslosses, claims, damages, liabilities and expenses, including reasonable 199 attorney's feescosts of investigation and reasonable legal fees and disbursements, related to that may be imposed upon or incurred by Escrow Agent in connection with the filing acceptance or performance of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demandsits duties hereunder, including the 200 payment of reasonable attorneys' feeswithout limitation, costs, and expenses any litigation arising out of those claims and demandsthis Agreement.

Disposition of Xxxxxxx Money. In the event of any default by either Party, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of 163 Seller and Buyer or their authorized agents. However, if Escrowee has not received the joint written direction of both Seller and Buyer or their authorized agents, then Escrowee 164 may give written notice to Seller and Xxxxx of the intended disbursement of Xxxxxxx Money, indicating the manner in which Escrowee intends to disburse in the absence of any 165 written objection. If neither Party objects, in writing, to the proposed disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed 166 to dispense the Xxxxxxx Money as previously noticed by Escrowee. If either Seller or Buyer objects in writing to the intended disposition within the 30 day period, then the 167 Escrowee may deposit the Xxxxxxx Money with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may withdraw from the Xxxxxxx 168 Money all costs, including reasonable attorney's fees, related to the filing of the Interpleader, and the Parties shall indemnify and hold Escrowee harmless from any and all 169 claims and demands, including the payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands. In the event of default by BuyerXxxxx, the 170 Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to 171 Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 request Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing brokerListing Broker, shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 request Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense dispose the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by BuyerXxxxx, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 169 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 170 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 request 171 Seller's and BuyerXxxxx's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller Xxxxxx and Buyer 193 Xxxxx acknowledge 172 and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their 173 authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer Xxxxx agree that if neither Party objects, in writing, to the proposed 195 disposition of the 174 Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or 175 Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller 176 and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx Circuit Court by the filing of an action in 177 the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the 178 Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and 179 expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of any default by Buyereither Party, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of 161 Seller and Buyer or their authorized agents. However, if Escrowee has not received the joint written direction of both Seller and Buyer or their authorized agents, then 162 Escrowee may give written notice to Seller and Xxxxx of the intended disbursement of Xxxxxxx Money, indicating the manner in which Escrowee intends to disburse in the 163 absence of any written objection. If neither Party objects, in writing, to the proposed disposition of the Xxxxxxx Money within 30 days after the date of the notice, then 164 Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by Escrowee. If either Seller or Buyer objects in writing to the intended disposition within the 30 165 day period, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may 166 withdraw from the Xxxxxxx Money all costs, including reasonable attorney's fees, related to the filing of the Interpleader, and the Parties shall indemnify and hold Escrowee 167 harmless from any and all claims and demands, including the payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands. In the 168 event of default by Xxxxx, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of 169 Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 request Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of any default by either Party, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of 148 Seller and Buyer or their authorized agents. However, if Escrowee has not received the joint written direction of both Seller and Buyer or their authorized agents, then Escrowee 149 may give written notice to Seller and Xxxxx of the intended disbursement of Xxxxxxx Money, indicating the manner in which Escrowee intends to disburse in the absence of any 150 written objection. If neither Party objects, in writing, to the proposed disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed 151 to dispense the Xxxxxxx Money as previously noticed by Escrowee. If either Seller or Buyer objects in writing to the intended disposition within the 30 day period, then the 152 Escrowee may deposit the Xxxxxxx Money with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may withdraw from the Xxxxxxx 153 Money all costs, including reasonable attorney's fees, related to the filing of the Interpleader, and the Parties shall indemnify and hold Escrowee harmless from any and all 154 claims and demands, including the payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands. In the event of default by BuyerXxxxx, the 155 Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to 156 Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 request Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of any default by either Party, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of 164 Seller and Buyer or their authorized agents. However, if Escrowee has not received the joint written direction of both Seller and Buyer or their authorized agents, then 165 Escrowee may give written notice to Seller and Buyer of the intended disbursement of Xxxxxxx Money, indicating the manner in which Escrowee intends to disburse in the 166 absence of any written objection. If neither Party objects, in writing, to the proposed disposition of the Xxxxxxx Money within 30 days after the date of the notice, then 167 Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by Escrowee. If either Seller or Buyer objects in writing to the intended disposition within the 30 168 day period, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may 169 withdraw from the Xxxxxxx Money all costs, including reasonable attorney's fees, related to the filing of the Interpleader, and the Parties shall indemnify and hold Escrowee 170 harmless from any and all claims and demands, including the payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands. In the 171 event of default by Buyer, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 Seller. If Seller defaults, the Xxxxxxx Money, at the option of 172 Buyer, shall be refunded to Buyer, but such refunding shall not release Seller from the obligations of this 191 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's intended disposition of the Xxxxxxx Money and 192 request Seller's and Buyer's written consent to the Escrowee's intended disposition of the Xxxxxxx Money within 30 days after the notice. However, Seller and Buyer 193 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the Xxxxxxx Money without the joint written direction of Seller and 194 Buyer or their authorized agents. If Escrowee is not a licensed real estate broker, Seller and Buyer agree that if neither Party objects, in writing, to the proposed 195 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Money as previously noticed by 196 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 joint written direction of Seller and Buyer authorizing distribution of the Xxxxxxx Money, then the Escrowee may deposit the Xxxxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for all costs, including reasonable 199 attorney's fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all claims and demands, including the 200 payment of reasonable attorneys' fees, costs, and expenses arising out of those claims and demands.

Disposition of Xxxxxxx Money. In the event of default by BuyerXxxxx, the Xxxxxxx Money, less expenses and commission of the listing broker, shall be paid to 190 186 Seller. If Seller defaults, the Xxxxxxx Money, at the option of Buyer, shall be refunded to Buyer, but such refunding shall not no t release Seller from the obligations of this 191 187 Contract. In the event of any default, Escrowee shall give written notice to Seller and Buyer indicating Escrowee's ’s intended disposition d isposition of the Xxxxxxx Money and 192 188 request Seller's Xxxxxx’s and Buyer's Xxxxx’s written consent con sent to the Escrowee's ’s intended disposition of the Xxxxxxx Money within 30 days after the t he notice. However, Seller Xxxxxx and Buyer 193 189 acknowledge and agree that if Escrowee is a licensed real estate broker, Escrowee may not distribute the th e Xxxxxxx Money without the joint written direction of Seller and 194 190 Buyer or their authorized agents. If Escrowee Xxxxxxxx is not a licensed real estate broker, Seller and Buyer Xxxxx agree that if neither Party Par ty objects, in writing, to the proposed 195 191 disposition of the Xxxxxxx Money within 30 days after the date of the notice, then Escrowee shall proceed to dispense the Xxxxxxx Xxxxx st Money as previously noticed by 196 192 Escrowee. If either Seller or Buyer objects to the intended disposition within the 30 day period, or if Escrowee is a licensed real estate broker and does not receive the 197 193 joint written direction of Seller Xxxxxx and Buyer authorizing distribution of the Xxxxxxx Xx xxxxx Money, then the th e Escrowee may deposit the Xxxxxxx Xx xxxxx Money with the Clerk of the 000 Xxxxxxx Xxxxx 194 Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee may be reimbursed from the Xxxxxxx Money for f or all costs, including reasonable 199 195 attorney's ’s fees, related to the filing of the Interpleader and the Parties indemnify and hold Escrowee harmless from any and all al l claims and demands, including the 200 196 payment of reasonable attorneys' ’ fees, costscost s, and expenses arising out of those claims and demands.