Conditions of Escrow. Seller shall, upon the deposit of all funds required by this Agreement with the ESCROW AGENT apply to the United States District Court for an Order authorizing and directing the Receiver to deliver to Buyer a Receiver’s Deed transferring all of Sellers interest in the Property. Upon delivery of the Receiver’s Deed to the Buyer all funds on deposit with the ESCROW AGENT shall be delivered to the Seller. Should the Court fail to or refuse to authorize the transfer of the Property to the Buyer, upon Xxxxx’s request, deposited funds shall be returned to the Buyer. Should Seller fail to perform any obligation under this Agreement for any other reason, the Buyer’s sole remedy shall be to seek return of all funds deposited in connection with this Agreement.
Appears in 12 contracts
Samples: Sale Procedures Agreement, Sale Procedures Agreement, Sale Procedures Agreement
