Common use of Failure to Close Clause in Contracts

Failure to Close. If a seller or lessor in an agreement made on behalf of Xxxxx fails to close such agreement, with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 8. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker or Xxxxx's Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 4 contracts

Samples: Non Exclusive Buyer Representation Contract, Non Exclusive Buyer Representation Contract, Non Exclusive Buyer Representation Contract

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Failure to Close. If a seller or lessor in an agreement made on behalf of Xxxxx fails to close such agreement, with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 87. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker or Xxxxx's Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 2 contracts

Samples: Non Exclusive, Non Exclusive Buyer Representation Contract

Failure to Close. If a seller or lessor in an agreement made on behalf of with Xxxxx fails to close a transaction under such agreement, Agreement with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 8herein. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker Brokerage or Xxxxx's Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 2 contracts

Samples: laredavidboris.com, images.kw.com

Failure to Close. If a seller or lessor in an agreement made on behalf of Xxxxx fails to close such agreement, with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 87. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker or Xxxxx's Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 1 contract

Samples: Purchase Contract

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Failure to Close. If a seller or lessor in an agreement made on behalf of Xxxxx fails to close such agreement, with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 87. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker or Xxxxx's Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 1 contract

Samples: www.kunorealestate.com

Failure to Close. If a seller or lessor in an agreement made on behalf of Xxxxx fails to close such agreement, with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission compensation provided for in Section 83. If such transaction fails to close because of any fault on the part of Buyer, such commission compensation will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker or Xxxxx's Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 1 contract

Samples: Purchase Contract

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