Common use of Cancellation Fees and Expenses Clause in Contracts

Cancellation Fees and Expenses. If the Closing does not occur at the time and in the manner provided in this Agreement because of the default of one of the parties, the non-defaulting party has the right to cancel the Escrow by written notice to the defaulting party and to the Escrow Holder. All costs of cancellation, if any, will be paid by the defaulting party.

Appears in 15 contracts

Samples: Purchase and Sale Agreement (TNP Strategic Retail Trust, Inc.), Purchase and Sale Agreement (American Family Holdings Inc), Purchase and Sale Agreement (American Family Holdings Inc)

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Cancellation Fees and Expenses. If In the event that the Closing does not occur at the time and in the manner provided in this Agreement because of the default of one of the parties, the non-defaulting party has the right to cancel the Escrow by written notice to the defaulting party and to the Escrow Holder. All escrow and title cancellation costs of cancellation, if any, will be paid by the defaulting party.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale, Purchase and Sale Agreement

Cancellation Fees and Expenses. If In the event that the Closing does not occur at the time and in the manner provided in this Agreement because of the default of one of the parties, the non-defaulting party Party has the right to cancel the Escrow by written notice to the defaulting party Party and to the Escrow Holder. All escrow and title cancellation costs of cancellation, if any, will be paid by the defaulting partyParty.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Cancellation Fees and Expenses. If In the event that the Closing does not occur at the time and in the manner provided in this Agreement because of the default of one of the parties, the non-non- defaulting party has the right to cancel the Escrow by written notice to the defaulting party and to the Escrow Holder. All escrow and title cancellation costs of cancellation, if any, will be paid by the defaulting party.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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