Common use of Conditional Termination Clause in Contracts

Conditional Termination. At SELLER’s request, BROKER may agree to conditionally terminate this Agreement. If BROKER agrees to a conditional termination, SELLER must sign a conditional termination agreement, reimburse BROKER for all direct expenses incurred in marketing the Property and pay a cancellation fee of $ plus applicable sales tax. BROKER may void this conditional termination and SELLER will pay the fee stated in paragraph 8(a) less the cancellation fee if SELLER transfers or contracts to transfer the Property or any interest in the Property during the time period from the date of conditional termination to Termination Date and Protection Period, if applicable. However, no fee will be due BROKER if the Property is relisted after the Termination Date and sold through another BROKER.

Conditional Termination. At SELLER’s request, BROKER may agree to conditionally terminate this Agreement. If BROKER agrees to a conditional termination, SELLER must sign a conditional termination agreement, reimburse BROKER for all direct expenses incurred in marketing the Property and pay a cancellation fee of $ $0 plus applicable sales tax. BROKER may void this conditional termination and SELLER will pay the fee stated in paragraph 8(a) less the cancellation fee if SELLER transfers or contracts to transfer the Property or any interest in the Property during the time period from the date of conditional termination to Termination Date and Protection Period, if applicable. However, no fee will be due BROKER if the Property is relisted after the Termination Date and sold through another BROKER.

Conditional Termination. At SELLER’s request, BROKER may agree to conditionally terminate this Agreement. If BROKER agrees to a conditional termination, SELLER must sign a conditional termination agreement, reimburse BROKER for all direct expenses incurred in marketing the Property and pay a cancellation fee of $ plus applicable sales tax. BROKER may void this conditional termination and SELLER will pay the fee stated in paragraph 8(a9(a) less the cancellation fee if SELLER transfers or contracts to transfer the Property or any interest in the Property during the time period from the date of conditional termination to Termination Date and Protection Period, if applicable. However, no fee will be due BROKER if the Property is relisted after the Termination Date and sold through another BROKER.