Cancellation of Escrow. If the escrow fails to close because of Seller's default, Seller shall be liable for all customary escrow cancellation charges. If the escrow fails to close because of Purchaser's default, Purchaser shall be liable for all customary escrow cancellation charges. If the escrow fails to close for any other reason, Seller and Purchaser shall each be liable for one-half (1/2) of all customary escrow cancellation charges.
Appears in 11 contracts
Samples: Assignment of Purchase and Sale Agreement and Escrow Instructions (Aei Income & Growth Fund 24 LLC), Assignment of Purchase and Sale Agreement and Escrow Instructions (Aei Income & Growth Fund Xxi LTD Partnership), Purchase and Sale Agreement (Aei Net Lease Income & Growth Fund Xix Limited Partnership)
Cancellation of Escrow. If the escrow fails to close because of Seller's Sellers’ default, Seller Sellers shall be liable for all customary escrow cancellation charges. If the escrow fails to close because of Purchaser's Buyer’s default, Purchaser Buyer shall be liable for all customary escrow cancellation charges. If the escrow fails to close for any other reason, Seller Sellers and Purchaser Buyer shall each be liable for one-half (1/2) of all customary escrow cancellation charges, if any.
Appears in 1 contract
Cancellation of Escrow. If the escrow fails to close because of Seller's default, Seller shall be liable for all customary escrow cancellation charges. If the escrow fails to close because of Purchaser's default, Purchaser shall be liable for all customary escrow cancellation charges. If the escrow fails to close for any other reason, Seller and Purchaser shall each be liable for one-half (1/2) of all customary escrow cancellation charges.
Appears in 1 contract
Cancellation of Escrow. If the escrow Escrow fails to close because of Seller's Sellers' default, Seller Sellers shall be liable for all customary escrow cancellation charges. If the escrow Escrow fails to close because of Purchaser's default, Purchaser shall be liable for all customary escrow cancellation charges. If the escrow Escrow fails to close for any other reason, Seller Sellers and Purchaser shall each be liable for one-half (1/2) of all customary escrow cancellation charges.
Appears in 1 contract
Samples: Asset Purchase Agreement (International Speedway Corp)
Cancellation of Escrow. If the escrow fails to close because of Seller's ’s default, Seller shall be liable for all customary escrow cancellation charges. If the escrow fails to close because of Purchaser's ’s default, Purchaser shall be liable for all customary escrow cancellation charges. If the escrow fails to close for any other reason, Seller and Purchaser shall each be liable for one-half (1/2) of all customary escrow cancellation charges.
Appears in 1 contract
Samples: Escrow Instructions
