Common use of APPROVAL OR DISAPPROVAL OF STATUS OF TITLE Clause in Contracts

APPROVAL OR DISAPPROVAL OF STATUS OF TITLE. Purchaser's failure to approve or disapprove any exception during the Title Review Period as to a specific Property shall be deemed an approval of title to such Property as described in the Title Report for such Property and a waiver of Purchaser's right to cancel this Agreement as to such Property according to this Section. Upon any cancellation of this Agreement in full in accordance with this Section, Escrow Agent shall, without further instruction from either party, return the Aggregate Earnest Money Deposit xx Xxxxhaser and this Agreement and the escrow shall terminate as to all Properties. Upon any cancellation of this Agreement in part in accordance with this Section, Escrow Agent shall return to Purchaser, along with a pro-rata share of any interest earned thereon, the Property Earnest Money Deposit fox xxx Xroperty canceled; provided, however, that if Seller elects to cancel this Agreement pursuant to Section 8 hereof, Escrow Agent shall return the Aggregate Earnest Money Deposit to Pxxxxxxxr.

APPROVAL OR DISAPPROVAL OF STATUS OF TITLE. Purchaser's failure to approve or disapprove any exception during the Title Review Period as to a specific Property shall be deemed an approval of title to such Property as described in the Title Report for such Property and a waiver of Purchaser's right to cancel this Agreement as to such Property according to this Section. Upon any cancellation of this Agreement in full in accordance with this Section, Escrow Agent shall, without further instruction from either party, return the Aggregate Earnest Money Deposit xx Xxxxhaser Xxxchaser and this Agreement and the escrow shall terminate as to all Properties. Upon any cancellation of this Agreement in part in accordance with this Section, Escrow Agent shall return to Purchaser, along with a pro-rata share of any interest earned thereon, the Property Earnest Money Deposit fox fxx xxx Xroperty Property canceled; provided, however, that if Seller elects to cancel this Agreement pursuant to Section 8 hereof, Escrow Agent shall return the Aggregate Earnest Money Deposit to PxxxxxxxrXxxxxxxer.

APPROVAL OR DISAPPROVAL OF STATUS OF TITLE. Purchaser's failure to approve or disapprove any exception during the Title Review Period as to a specific Property shall be deemed an approval of title to such Property as described in the Title Report for such Property and a waiver of Purchaser's right to cancel this Agreement as to such Property according to this Section. Upon any cancellation of this Agreement in full in accordance with this Section, Escrow Agent shall, without further instruction from either party, return the Aggregate Earnest Money Deposit xx Xxxxhaser tx Xxxxxaser and this Agreement and the escrow shall terminate as to all Properties. Upon any cancellation of this Agreement in part in accordance with this Section, Escrow Agent shall return to Purchaser, along with a pro-rata share of any interest earned thereon, the Property Earnest Money Deposit fox for xxx Xroperty Xxoperty canceled; provided, however, that if Seller elects to cancel this Agreement pursuant to Section 8 hereof, Escrow Agent shall return the Aggregate Earnest Money Deposit to PxxxxxxxrPuxxxxxxx.