Earnest Money Deposit definition
Examples of Earnest Money Deposit in a sentence
If such notice is not timely given, this Agreement and all rights, duties and obligations of Buyer and Seller hereunder, except any which expressly survive termination, shall terminate and Escrow Agent shall forthwith return to Buyer the Earnest Money Deposit.
Upon termination, the Title Company shall immediately return the Earnest Money Deposit to Purchaser.
If Purchaser, in Purchaser's sole discretion, is dissatisfied with the results of Purchaser's inspection of the Property, Purchaser may, by written notice delivered to Seller prior to the expiration of the Inspection Period, terminate this Contract in which event the Earnest Money Deposit ▇▇▇▇▇ be returned to Purchaser on demand, and neither Seller nor Purchaser shall have any further obligations hereunder.
If Buyer breaches this Agreement, as its sole remedy Seller shall be entitled to retain the Earnest Money Deposit in accordance with subsection 5(b) as Seller's ▇▇▇▇▇▇ and total liquidated damages.
In all other events, the Earnest Money Deposit ▇▇▇▇▇ ▇e disposed of by Escrow Agent as provided in this Contract.