Procedure for Termination of Escrow. Upon any termination of this Agreement, Seller and Buyer shall each promptly give Escrow Agent written instructions to cancel Escrow and disburse the Deposit and all other funds and items (if any) then held in Escrow in accordance with the provisions of this Agreement. If, following termination of this Agreement, the Parties give Escrow Agent conflicting instructions or one of the Parties fails to give Escrow Agent instructions:
Appears in 4 contracts
Samples: Agreement for Purchase and Sale (Ashford Hospitality Prime, Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (Chesapeake Lodging Trust), Agreement of Purchase and Sale (Pebblebrook Hotel Trust)
Procedure for Termination of Escrow. Upon any termination of this Agreement, Seller and Buyer shall each promptly give Escrow Agent written instructions to shall cancel Escrow and disburse the Deposit, and all interest earned on the Deposit while in Escrow, and all other funds and items (if any) then held in Escrow in accordance with the provisions of this Agreement. If, following termination of this Agreement, the Parties give Escrow Agent conflicting instructions or one of the Parties fails to give Escrow Agent instructions:.
Appears in 1 contract
Samples: Concession Lease Agreement (KSL Recreation Group Inc)
