Non-Default Failure to Close Sample Clauses

Non-Default Failure to Close. If the Close of escrow fails to occur for any reason other than the default of Buyer or Seller under this Agreement, then this Agreement shall terminate and Escrow Holder shall promptly return to each party all monies, documents and other items deposited in Escrow, including the Deposits and all interest earned thereon. In such event, Buyer and Seller shall each pay one-half (1/2) of any Escrow cancellation charge and Seller shall pay any Title Company cancellation charge, unless otherwise expressly provided herein. Buyer and Seller will promptly sign and deliver to Escrow Holder any Escrow cancellation instructions required hereunder.