Common use of Xxxxxxx Money Clause in Contracts

Xxxxxxx Money. Seller authorizes the Agency to handle Xxxxx’s funds and deposit in an escrow account in accordance with State law (“Xxxxxxx Money”). Agency is authorized to act as a third (3rd) party when accepting or holding, on the Seller’s behalf, deposits made on behalf of a prospective Buyer. In the event a counteroffer is not accepted, the Xxxxxxx Money shall be returned to the Buyer without a signed release. If a purchase contract is signed and accepted by the Buyer and Seller without a closing or transfer and recording of the deed, a separate mutual release signed by the Buyer and Seller will be required before the Xxxxxxx Money is disbursed. In the event of a disagreement by either the Buyer or Seller in regard to the release of Xxxxxxx Money, the Agency must withhold its release until there is mutual agreement or an order has been administered of proper jurisdiction.

Xxxxxxx Money. Seller authorizes the Agency to handle XxxxxBuyer’s funds and deposit in an escrow account in accordance with State law (“Xxxxxxx Money”). Agency is authorized to act as a third (3rd) party when accepting or holding, on the Seller’s behalf, deposits made on behalf of a prospective Buyer. In the event a counteroffer is not accepted, the Xxxxxxx Money shall be returned to the Buyer without a signed release. If a purchase contract is signed and accepted by the Buyer and Seller without a closing or transfer and recording of the deed, a separate mutual release signed by the Buyer and Seller will be required before the Xxxxxxx Money is disbursed. In the event of a disagreement by either the Buyer or Seller in regard to the release of Xxxxxxx Money, the Agency must withhold its release until there is mutual agreement or an order has been administered of proper jurisdiction.

Xxxxxxx Money. The Seller authorizes the Agency to handle Xxxxx’s funds and deposit in an escrow account in accordance with State law (the “Xxxxxxx Money”). The Agency is authorized to act as a third (3rd) party when accepting or holding, on the Seller’s behalf, deposits made on behalf of a prospective Buyer. In the event a counteroffer is not accepted, the Xxxxxxx Money shall be returned to the Buyer without a signed release. If a purchase contract is signed and accepted by the Buyer and the Seller without a closing or transfer and recording of the deed, a separate mutual release signed by the Buyer and the Seller will be required before the Xxxxxxx Money is disbursed. In the event of a disagreement by either the Buyer or the Seller in regard to the release of Xxxxxxx Money, the Agency must withhold its release until there is mutual agreement or an order has been administered of proper jurisdiction.