Common use of Escrow Cancellation Charges Clause in Contracts

Escrow Cancellation Charges. If the Closing does not occur because of the default of a Party, the defaulting Party shall bear all Escrow Cancellation Charges. If the Closing does not occur for any reason other than a default of a Party, then Buyer and Seller shall each pay one-half (1/2) of any Escrow Cancellation Charges. As used herein, “Escrow Cancellation Charges” means all fees, charges and expenses incurred by Escrow Holder or third parties engaged by Escrow Holder, as well as all expenses related to the services of the Title Company in connection with the issuance of the Preliminary Report and other title matters.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Palm Inc)

AutoNDA by SimpleDocs

Escrow Cancellation Charges. If the Closing does not occur because of the default of a Party, the defaulting Party shall bear all Escrow Cancellation Charges. If the Closing does not occur for any reason other than a the default of a Party, then Buyer and Seller shall each pay one-half (1/2½) of any Escrow Cancellation Charges. As used herein, “Escrow Cancellation Charges” means all fees, charges and expenses incurred by Escrow Holder or third parties engaged by Escrow HolderXxxxxx Xxxxxx, as well as all expenses related to the services of the Title Company in connection with the issuance of the Preliminary Report and other title matters.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions

Escrow Cancellation Charges. If the Closing does not occur because of the default of a Party, the defaulting Party shall bear all Escrow Cancellation Charges. If the Closing does not occur for any reason other than a the default of a Party, then Buyer and Seller shall each pay one-half (1/2½) of any Escrow Cancellation Charges. As used herein, “Escrow Cancellation Charges” means all fees, charges and expenses incurred by Escrow Holder or third parties engaged by Escrow Holder, as well as all expenses related to the services of the Title Company in connection with the issuance of the Preliminary Report and other title matters.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions

Escrow Cancellation Charges. If the Closing does not occur because of the default of a Party, the defaulting Party shall bear all Escrow Cancellation Charges. If the Closing does not occur for any reason other than a the default of a Party, then Buyer and Seller shall each pay one-half (1/2½) of any Escrow Cancellation Charges. As used herein, “Escrow Cancellation Charges” means all fees, charges and expenses incurred by Escrow Holder or third parties engaged by Escrow Holder, as well as all expenses related to the services of the Title Company in connection with the issuance of the Preliminary Report and other title mattersmatters related to this transaction.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions

Escrow Cancellation Charges. If the Closing does not occur because of the default of a Party, the defaulting Party shall bear all Escrow Cancellation Charges. If the Closing does not occur for any reason other than a the default of a Party, then Buyer and Seller shall each pay one-half (1/2½) of any Escrow Cancellation Charges. As used herein, “Escrow Cancellation Charges” means all fees, charges and expenses incurred by Escrow Holder or third parties engaged by Escrow Holder, as well as all expenses related to the services of the Title Company in connection with the issuance of the Preliminary Report and other title matters.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions

AutoNDA by SimpleDocs

Escrow Cancellation Charges. If the Closing does not occur because of the default of a Party, the defaulting Party shall bear all Escrow Cancellation Charges. If the Closing does not occur for any reason other than a the default of a Party, then Buyer and Seller shall each pay one-half (1/2½) of any Escrow Cancellation Charges. As used herein, “Escrow Cancellation Charges” means all fees, charges and expenses incurred by Escrow Holder or third parties engaged by Escrow Holder, as well as all expenses related to the services of the Title Company in connection with the issuance of the Preliminary Report and other title matters.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions

Escrow Cancellation Charges. If the Closing does not occur because of the default of a Party, the defaulting Party shall bear all Escrow Cancellation Charges. If the Closing does not occur for any reason other than a the default of a Party, then Buyer and Seller shall each pay one-half (1/2) of any Escrow Cancellation Charges. As used herein, "Escrow Cancellation Charges" means all fees, charges and expenses incurred by Escrow Holder or third parties engaged by Escrow Holder, as well as all expenses related to the services of the Title Company in connection with the issuance of the Preliminary Report and other title matters.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Homefed Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.