Common use of Return of Xxxxxxx Money to Buyer Clause in Contracts

Return of Xxxxxxx Money to Buyer. Subject to the Disbursement of Xxxxxxx Money paragraph below, Buyer shall be entitled to the xxxxxxx money upon the: (1) failure of the parties to enter into a binding agreement; (2) failure of any contingency or condition to which this Agreement is subject; (3) termination of this Agreement due to the default of Seller; or (4) termination of this Agreement in accordance with a specific right to terminate set forth in the Agreement. Otherwise, the xxxxxxx money shall be applied towards the purchase price of the Property at closing or if other funds are used to pay the purchase price then the xxxxxxx money shall be returned to Buyer.

Return of Xxxxxxx Money to Buyer. Subject to the Disbursement of Xxxxxxx Money paragraph below, Buyer shall be entitled to the xxxxxxx money upon the: (1) failure of the parties to enter into a binding agreement; (2) failure of any unexpired contingency or condition to which this Option Agreement is subject; (32) termination of this Option Agreement due to the default of Seller; or (43) termination of this Option Agreement in accordance with a specific right to terminate set forth in the this Agreement. Otherwise, the xxxxxxx money shall be applied towards the purchase price of the Property at closing or if other funds are used to pay the purchase price then the xxxxxxx money shall be returned to Buyer.. FOR TRAINING ONLY

Return of Xxxxxxx Money to Buyer. Subject to the Disbursement of Xxxxxxx Money paragraph below, Buyer shall be entitled to the xxxxxxx money upon the: (1) failure of the parties to enter into a binding agreement; (2) failure of any unexpired contingency or condition to which this Option Agreement is subject; (32) termination of this Option Agreement due to the default of Seller; or (43) termination of this Option Agreement in accordance with a specific right to terminate set forth in the this Agreement. Otherwise, the xxxxxxx money shall be applied towards the purchase price of the Property at closing or if other funds are used to pay the purchase price then the xxxxxxx money shall be returned to Buyer.