Common use of Escrow Cancellation Charges Clause in Contracts

Escrow Cancellation Charges. If the Escrow fails to close because of Seller’s default, Seller will pay all customary Escrow cancellation charges. If the Escrow fails to close because of Buyer’s default or cancellation of this Agreement for any reason other than the default of Seller, Buyer will pay all customary Escrow cancellation charges. If the Escrow fails to close for any other reason, Seller and Buyer will each pay one-half of all customary Escrow cancellation charges.

Appears in 3 contracts

Samples: Purchase and Sale Agreement and Escrow Instructions, Purchase and Sale Agreement and Escrow Instructions, Purchase and Sale Agreement and Escrow Instructions

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Escrow Cancellation Charges. If the Escrow fails to close because of Seller’s default, Seller will pay all customary shall be liable for any cancellation charges by Escrow cancellation chargesAgent. If the Escrow fails to close because of Buyer’s default or cancellation of this Agreement default, Buyer shall be liable for any reason other than the default of Seller, Buyer will pay all customary cancellation charges by Escrow cancellation chargesAgent. If the Escrow fails to close for any other reason, Seller and Buyer will each pay shall be liable for one-half of all customary Escrow any cancellation charges.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CNL Growth Properties, Inc.)

Escrow Cancellation Charges. If the Escrow fails to close because of Seller’s default, Seller will pay all customary Escrow escrow cancellation charges. If the Escrow fails to close because of Buyer’s default default, or cancellation of this Agreement for any reason other than the default of Seller, Buyer will pay all customary Escrow cancellation charges. If the Escrow fails to close for any other reason, Seller and Buyer will each shall pay one-half of all customary Escrow escrow cancellation charges.

Appears in 1 contract

Samples: Purchase Agreement and Joint Escrow Instructions

Escrow Cancellation Charges. If the Escrow fails to close because of Seller’s 's default, Seller will pay all customary Escrow escrow cancellation charges. If the Escrow fails to close because of Buyer’s default or cancellation of this Agreement for any reason other than the default of Seller's default, Buyer will pay all customary Escrow escrow cancellation charges. If the Escrow fails to close for any other reason, Seller and Buyer will each pay one-half of all customary Escrow escrow cancellation charges.

Appears in 1 contract

Samples: Purchase Agreement (Talley Industries Inc)

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Escrow Cancellation Charges. If the Escrow fails to close because of Buyer’s default, Buyer will be liable for any escrow and title commitment cancellation charges by Escrow Agent. If the Escrow fails to close because of Seller’s default, Seller will pay all customary be liable for any such cancellation charges by Escrow cancellation chargesAgent. If the Escrow fails to close because through no fault of either Seller or Buyer’s default or , any such cancellation of this Agreement for any reason other than the default of Seller, Buyer will pay all customary charges by Escrow cancellation charges. If the Escrow fails to close for any other reason, Agent shall be divided equally between Seller and Buyer will each pay one-half of all customary Escrow cancellation chargesBuyer.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Silver Falcon Mining, Inc.)

Escrow Cancellation Charges. If the Escrow fails to close because of Seller’s 's default, Seller will pay all customary Escrow escrow cancellation charges. If the Escrow fails to close because of Buyer’s default or cancellation of this Agreement for any reason other than the default of Seller's default, Buyer will pay all customary Escrow escrow cancellation charges. If the Escrow fails to close for any other reason, Seller and Buyer will each pay one-half (1/2) of all customary Escrow escrow cancellation charges.

Appears in 1 contract

Samples: Purchase Agreement (Giant Industries Inc)

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