Common use of Buyer’s Termination Right Clause in Contracts

Buyer’s Termination Right. If Buyer is not satisfied with the ------------------------- environmental condition of the Real Estate, Buyer may terminate this Agreement by giving notice of termination to Seller and Escrow Holder during the Inspection Period. If Buyer terminates this Agreement, Buyer and Seller each shall pay one half of the Escrow and title cancellation charges; after Buyer has paid its share of those cancellation charges, the Deposit will be returned to Buyer; and neither party will have any further obligation to the other under this Agreement. But the Deposit will not be returned to Buyer until Buyer has delivered to Seller valid, recordable waivers of mechanics' and other statutory liens from all contractors who conducted tests at Buyer's request.

Buyer’s Termination Right. If Buyer is not satisfied with ------------------------- the ------------------------- environmental condition of the Real Estate, Buyer may terminate this Agreement by giving notice of termination to Seller and Escrow Holder during the Inspection Period. If Buyer terminates this Agreement, Buyer and Seller each shall pay one half of the Escrow and title cancellation charges; after Buyer has paid its share of those cancellation charges, the Deposit will be returned to Buyer; and neither party will have any further obligation to the other under this Agreement. But the Deposit will not be returned to Buyer until Buyer has delivered to Seller valid, recordable waivers of mechanics' and other statutory liens from all contractors who conducted tests at Buyer's request.