Common use of Cancellation of Escrow Clause in Contracts

Cancellation of Escrow. Notwithstanding the provisions of this Section 6, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow, including the cost of the Proforma, shall be borne equally by Buyer and Seller. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow, including the cost of the Proforma.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sabra Health Care REIT, Inc.)

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Cancellation of Escrow. Notwithstanding the provisions of this Section 65, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow, including the cost of the Proforma, Escrow shall be borne equally by Buyer and Seller; provided, however, that the cost of the PTR shall be borne by Buyer. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow, including the cost of the ProformaXXX.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CareTrust REIT, Inc.)

Cancellation of Escrow. Notwithstanding the provisions of this Section 6, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow, including the cost of the ProformaPTRs, shall be borne equally by Buyer and SellerSellers. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow, including the cost of the ProformaPTRs.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sabra Health Care REIT, Inc.)

Cancellation of Escrow. Notwithstanding the provisions of this Section 65, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow, including the cost of the ProformaPTR, shall be borne equally by Buyer and Seller. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow, including the cost of the ProformaPTR.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sabra Health Care REIT, Inc.)

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Cancellation of Escrow. Notwithstanding the provisions of this Section 6, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow, including the cost of the ProformaProformas, shall be borne equally by Buyer and Seller. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow, including the cost of the ProformaProformas.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sabra Health Care REIT, Inc.)

Cancellation of Escrow. Notwithstanding the provisions of this Section 65, if the Escrow fails to close for any reason (other than the breach of this Agreement by one or both of the parties), the costs incurred through the Escrow, including the cost of the Proforma, Escrow shall be borne equally by Buyer and Seller. Otherwise, the party who breached this Agreement first shall bear all the costs of the Escrow, including the cost of the Proforma.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sabra Health Care REIT, Inc.)

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