Escrow Cancellation. If this Agreement is terminated under a contractual right provided to a Party in this Agreement to terminate this Agreement, the Parties shall do all the following:
Escrow Cancellation. The Close of Escrow shall occur as soon as possible following the satisfaction or waiver of all closing conditions set forth in this Agreement, but in no event later than the Outside Closing Date. If Escrow is not in a condition to close by the Outside Closing Date, Escrow Holder shall continue to comply with the instructions contained herein until a written demand has been made by a party entitled to do so for the cancellation of Escrow, as described below. Escrow Holder shall notify the other party of any such demand.
Escrow Cancellation. If Escrow is not in a condition to close by the agreed date for the Close of Escrow as set forth in Section 13.4 hereof, Glenoaks Escrow shall continue to comply with the instructions contained herein until a written demand has been made by a party entitled to do so for the cancellation of Escrow, as described below. Glenoaks Escrow shall notify the other party of any such demand.
Escrow Cancellation. 6.2.1. If, for any reason, the Escrow is cancelled pursuant to Section 6.1.3, Escrow Holder shall return to the Parties delivering same all instruments which are then held by Escrow Holder in connection with the Escrow.
Escrow Cancellation. In the event that the Close of Escrow does not occur within the time prescribed in this Agreement, for any reason other than the default of one of the parties hereto, Escrow Holder shall return to the parties so delivering same all funds and instruments which are then held by Escrow Holder. If Escrow fails to close for any reason other than Seller's or Buyer's default, Seller and Buyer shall each bear one-half of any Escrow cancellation charges and, in such event, neither party shall be liable to the other hereunder. If Escrow fails to close by reason of Seller's default hereunder, Seller shall pay all Escrow cancellation charges and Escrow Holder shall return to Buyer all funds deposited by Buyer. If Escrow fails to close by reason of Buyer's default hereunder, Buyer shall pay all Escrow cancellation charges and any funds deposited under Section 2.2 shall be delivered to Seller.
Escrow Cancellation. If Escrow fails to close due to a Party’s default or breach, the defaulting or breaching Party shall pay all Escrow Cancellation Charges. If Escrow fails to close for any other reason, Buyer shall pay all Escrow Cancellation Charges. “Escrow Cancellation Charges” means all fees, charges and expenses actually charged by Escrow Holder and the Title Company to the parties in connection with the cancellation of the Escrow and the title order, if any.
Escrow Cancellation. If either party materially defaults with respect to its obligations hereunder, or if Escrow is not in a condition to close by the Initial Closing Date, Escrow Holder shall continue to comply with the instructions contained herein until a written demand has been made by a party entitled to do so for the cancellation of Escrow. Escrow Holder shall notify the other party of any such demand. Notwithstanding the foregoing, in no event shall Escrow close after the absolute Initial Closing Deadline set forth in Section 3.5(b), hereof and if, for any reason, Escrow fails to close on or before the Initial Closing Deadline, then the Escrow shall, without any notice from or agreement or acknowledgement by Buyer or Seller, automatically be terminated and cancelled and the provisions of Section 12.1 shall be applicable.
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Escrow Cancellation. If any Party defaults with respect to its obligations hereunder, or if Escrow is not in a condition to close by the agreed Closing Date, Escrow Holder shall continue to comply with the instructions contained herein until a written demand has been made by a party entitled to do so for the cancellation of Escrow. Escrow Holder shall notify the other party of any such demand.
Escrow Cancellation. If the Close of Escrow fails to occur due to Optionor’s default, and Optionee elects to terminate this Agreement, Optionor shall pay all Escrow Cancellation Charges and the Option Consideration shall be immediately refunded to Optionee by Optionor. If the Close of Escrow fails to occur due to Optionee’s default, Optionee shall pay all Escrow Cancellation Charges and the Option Consideration shall be retained by Optionor. “Escrow Cancellation Charges” means all fees, charges and expenses of Escrow Holder hereunder and all fees, charges and expenses related to the services of Escrow Holder as the Title Company in connection with the issuance of the Title Report and other title matters hereunder.
