Common use of Return of Deposit Clause in Contracts

Return of Deposit. In the event of any termination of this Agreement pursuant to this Paragraph 3, Escrow shall be canceled, this Agreement shall be terminated and become null and void, all parties hereto shall be released from further performance of this Agreement (with the exception of those provisions or paragraphs which recite that they survive termination of this Agreement), and Escrow Holder shall return to Buyer all or any portion of the Deposit deposited with Escrow Holder (except for the portion constituting the Independent Consideration) and shall return to each party any and all documents which such party had deposited with it.

Appears in 4 contracts

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

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Return of Deposit. In the event of any termination of this Agreement pursuant to this Paragraph 3, and provided the party initiating such termination is not then in breach or default under this Agreement, Escrow shall be canceled, this Agreement shall be terminated and become null and void, all parties hereto shall be released from further performance of this Agreement (with the exception of those provisions or paragraphs which recite that they survive termination of this Agreement), and Escrow Holder shall return to Buyer all or any portion of the Deposit deposited with Escrow Holder (except for the portion constituting the Independent Consideration) and shall return to each party any and all documents which such party had deposited with it.

Appears in 2 contracts

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Cole Corporate Income Trust, Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (Cole Corporate Income Trust, Inc.)

Return of Deposit. In the event of any termination of this Agreement pursuant to this Paragraph 3, Escrow shall be canceled, this Agreement shall be terminated and become null and void, all parties hereto shall be released from further performance of this Agreement (with the exception of those provisions or paragraphs which recite that they survive termination of this Agreement), and Escrow Holder shall promptly return to Buyer all or any portion of the Deposit deposited with Escrow Holder (except for the portion constituting the Independent Consideration) and shall return to each party any and all documents which such party had deposited with it.

Appears in 1 contract

Samples: Purchase Agreement and Escrow Instructions (Pacific Gulf Properties Inc)

Return of Deposit. In the event of any termination of this Agreement pursuant to this Paragraph 3Section 5, Escrow shall be canceled, this Agreement shall be terminated and become null and void, all parties hereto shall be released from further performance of this Agreement (with the exception of those provisions or paragraphs which recite that they survive termination of this Agreement), and Escrow Holder shall return to Buyer SteelWave all or any portion of the Deposit deposited with Escrow Holder (except for the portion constituting the Independent Consideration) and shall return to each party any and all documents which such party had deposited with it.

Appears in 1 contract

Samples: Enter Into Ground Lease and Escrow Instructions

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Return of Deposit. In the event of any termination of this Agreement pursuant to this Paragraph 3, and provided the party initiating such termination is not then in breach or default under this Agreement, Escrow shall be canceled, this Agreement shall be terminated and become null and void, all parties hereto shall be released from further performance of this Agreement (with the exception of those provisions or paragraphs which recite that they survive termination of this Agreement), and Escrow Holder shall return to Buyer all or any portion of the Deposit deposited with Escrow Holder (except for the portion constituting the Independent Consideration) and shall return to each party any and all documents which such party had deposited with it.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Rexford Industrial Realty, Inc.)

Return of Deposit. In the event of any termination of If this Agreement has been terminated pursuant to this Paragraph 3Section 3(d) above, Escrow shall be canceled, this Agreement shall be terminated and become null and voidterminated, all parties hereto shall be released from further performance of this Agreement (with the exception of those provisions or paragraphs which that recite that they survive termination of this Agreement), and Escrow Holder Title Company shall return to Buyer all or any portion of the Deposit deposited with Escrow Holder (except for the portion constituting the Independent Consideration) Title Company and shall return to each party any and all documents which such party had deposited with it.

Appears in 1 contract

Samples: Purchase and Sale Agreement (NorthStar Healthcare Income, Inc.)

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