Common use of When Earned; When Payable Clause in Contracts

When Earned; When Payable. Purchase. The Success Fee is earned by Brokerage Firm upon the 128 Purchase of the Property and is payable upon closing of the transaction. If any transaction fails to close as a result of the seller’s 129 default, with no fault on the part of Buyer, the Success Fee will be waived. If any transaction fails to close as a result of Xxxxx’s 130 default, in whole or in part, the Success Fee will not be waived; such fee is payable upon Buyer’s default, but not later than the 131 date that the closing of the transaction was to have occurred.

When Earned; When Payable. Purchase. The Success Fee is earned by Brokerage Firm upon the 128 Purchase of the Property and is payable upon closing of the transaction. If any transaction fails to close as a result of the seller’s 129 default, with no fault on the part of Buyer, the Success Fee will be waived. If any transaction fails to close as a result of Xxxxx’s 130 default, in whole or in part, the Success Fee will not be waived; such fee is payable upon Buyer’s default, but not later than the 131 date that the closing of the transaction was to have occurred.