Termination and Return of Deposit Sample Clauses

Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, Seller shall promptly direct the Title Company to return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
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Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, the Escrow Agent shall promptly return the Xxxxxxx Money Deposit to Purchaser without further instruction from Seller, and neither party shall have any further liability hereunder, other than the “Surviving Obligations” (as defined in Section 10.1).
Sample 1
Termination and Return of Deposit. If either party elects to terminate this Agreement pursuant to this Section 7, and if Purchaser is not, on the date of such election, in default of its obligation to have closed under the Agreement, Seller shall promptly direct the Title Company to return the Deposit to Purchaser.
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Termination and Return of Deposit. THIS RESERVATION IS NON-BINDING AND MAY BE TERMINATED AT ANY TIME BY EITHER RESERVATION HOLDER OR DEVELOPER, WITHOUT ANY DAMAGES OR FURTHER OBLIGATIONS OF ANY KIND. UPON ANY TERMINATION, RESERVATION HOLDER SHALL HAVE THE RIGHT TO A REFUND OF THE DEPOSIT ONLY AFTER ESCROW AGENT’S RECEIPT OF MUTUAL
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Termination and Return of Deposit. If Seller settles any condemnation action or threat of eminent domain without Purchaser's approval (such approval not to be unreasonably withheld) Purchaser may at its option elect to terminate this Agreement. If Purchaser elects to terminate this Agreement pursuant to this SECTION 7, and if Purchaser is not, on the date of such election, in default under the Agreement, Seller shall promptly direct the Title Company to immediately return the Deposit to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
Sample 1
Termination and Return of Deposit. If Sonora, in its sole discretion, is not satisfied with the results of its legal due diligence investigation of the Property insofar as it relates to title to the Property, and does not wish to waive the condition set out in Section 5(b), Sonora may by written notice to Yale, terminate this Agreement. If this Agreement is terminated by Sonora pursuant to this Section 6, then Yale shall within five (5) business days of receipt of the notice of termination, return to Sonora the amount of the Purchase Price that Sonora advanced to Yale pursuant to Section 2(a).
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Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, and if Purchaser is not, on the date of such election, in default under the Agreement beyond any applicable cure period, the entire Deposit shall promptly be returned to Purchaser, and neither party shall have any further liability hereunder except for the Surviving Obligations.
Sample 1
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Termination and Return of Deposit. If Purchaser elects to terminate this Agreement pursuant to this Section 7, and if Purchaser is not, on the date of such election, in default of its obligation to have closed under the Agreement, Seller shall promptly direct the Title Company to return the Deposit to Purchaser. 5.5. Seller and Purchaser hereby agree that the Uniform Vendor and Purchaser Risk Act, Section 5.007 of the Texas Property Code, shall not be applicable to this Agreement or the transaction contemplated hereby.
Sample 1

Related to Termination and Return of Deposit

  • Termination and Expenses 66 10.1 Termination. 66 10.2 Effect of Termination. 67 10.3 Fees and Expenses. 67

  • Compensation and Expense Reimbursement A. Client will pay the Company, as compensation for the services provided for in this Agreement and as reimbursement for expenses incurred by Company on Client's behalf, in the manner set forth in Schedule A annexed to this Agreement which Schedule is incorporated herein by reference.

  • EFFECTIVENESS, TERMINATION, AND AMENDMENT OF AGREEMENT (a) This Agreement shall become effective on the date set forth below and may be terminated at any time by any party upon sixty (60) days’ prior written notice to the other parties, and may be terminated earlier by the Fund, the Participant or the Distributor at any time in the event of a material breach by another party of any provision of this Agreement.

  • Section 607 Compensation and Reimbursement The Company agrees

  • Duration, Termination and Amendments This Agreement shall become effective as of the date first written above and shall continue in effect thereafter for two years. This Agreement shall continue in effect from year to year thereafter for so long as its continuance is specifically approved, at least annually, by: (i) a majority of the Board of Trustees or the vote of the holders of a majority of the Portfolio’s outstanding voting securities; and (ii) the affirmative vote, cast in person at a meeting called for the purpose of voting on such continuance, of a majority of those members of the Board of Trustees (“Independent Trustees”) who are not “interested persons” of the Trust or any investment adviser to the Trust. This Agreement may be terminated by the Trust or by Portfolio Manager at any time and without penalty upon sixty days written notice to the other party, which notice may be waived by the party entitled to it. This Agreement may not be amended except by an instrument in writing and signed by the party to be bound thereby provided that if the Investment Company Act requires that such amendment be approved by the vote of the Board, the Independent Trustees and/or the holders of the Trust’s or the Portfolio’s outstanding shareholders, such approval must be obtained before any such amendment may become effective. This Agreement shall terminate upon its assignment. For purposes of this Agreement, the terms “majority of the outstanding voting securities,” “assignment” and “interested person” shall have the meanings set forth in the Investment Company Act.

  • Duration Termination of Trust Amendment Mergers Etc 11.1 Duration 17 11.2 Termination 17 11.3 Amendment Procedure 18 11.4 Merger, Consolidation and Sale of Assets 19 11.5 Subsidiaries 19 11.6 Conversion 19 11.7 Certain Transactions 19

  • Termination and Termination Benefits Notwithstanding the provisions of Section 3, the Executive's employment under this Agreement shall terminate under the following circumstances set forth in this Section 6.

  • Designation and Amount The shares of such series shall be designated as "Series A Junior Participating Preferred Stock" (the "Series A Preferred Stock") and the number of shares constituting the Series A Preferred Stock shall be 1,000,000. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of shares of Series A Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series A Preferred Stock.

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