Common use of Disbursement if Closing Not Consummated Clause in Contracts

Disbursement if Closing Not Consummated. (i) If the Purchase Agreement is terminated for any reason and the Closing is not consummated prior to the Closing Date or if Seller or Purchaser otherwise is entitled to receive the Xxxxxxx Money pursuant to the Purchase Agreement, either Seller or Purchaser (as the case may be) (the "Requesting Party") may provide written notice to Escrow Agent that the Purchase Agreement has been terminated and Seller or Purchaser (as the case may be) is entitled to receive the Xxxxxxx Money pursuant to the Purchase Agreement and that the Xxxxxxx Money is to be distributed in accordance with the instructions given in such notice (a "Disbursement Request"). Escrow Agent shall provide written notice (the "Receipt Notice") to the other Party (the "Confirming Party") of its receipt of such Disbursement Request (together with a copy of the Disbursement Request) no later than one (1) Business Day after its receipt of such Disbursement Request.)

Disbursement if Closing Not Consummated. (i) If the Purchase Agreement is terminated for any reason and the Closing is not consummated prior to the Closing Date or if Seller or Purchaser otherwise is entitled to receive the Xxxxxxx Money pursuant to the Purchase Agreement, either Seller or Purchaser (as the case may be) (the "“Requesting Party"”) may provide written notice to Escrow Agent that the Purchase Agreement has been terminated and or that Seller or Purchaser (as the case may be) otherwise is entitled to receive the Xxxxxxx Money pursuant to the Purchase Agreement and that the Xxxxxxx Money is to be distributed in accordance with the instructions given in such notice (a "“Disbursement Request"”). Escrow Agent shall provide written notice (the "“Receipt Notice"”) to the other Party (the "“Confirming Party"”) of its receipt of such Disbursement Request (together with a copy of the Disbursement Request) no later than one two (12) Business Day Days after its receipt of such Disbursement Request.)

Disbursement if Closing Not Consummated. (i) If the Purchase Agreement is terminated for any reason and the Closing is not consummated prior to the Closing Date or if Seller or Purchaser otherwise is entitled to receive the Xxxxxxx Money pursuant to the Purchase Agreement, either Seller or Purchaser (as the case may be) (the "“Requesting Party"”) may provide written notice to Escrow Agent that the Purchase Agreement has been terminated and or that Seller or Purchaser (as the case may be) otherwise is entitled to receive the Xxxxxxx Money pursuant to the Purchase Agreement and that the Xxxxxxx Money is to be distributed in accordance with the instructions given in such notice (a "“Disbursement Request"”). Escrow Agent shall provide written notice (the "“Receipt Notice"”) to the other Party (the "“Confirming Party"”) of its receipt of such Disbursement Request (together with a copy of the Disbursement Request) no later than one two (12) Business Day Days after its receipt of such Disbursement Request.)

Disbursement if Closing Not Consummated. (i) If the Purchase Agreement is terminated for any reason and the Closing is not consummated prior to the Closing Date or if Seller or Purchaser otherwise is entitled to receive the Xxxxxxx Money pursuant to the Purchase Agreement, either Seller or Purchaser (as the case may be) (the "“Requesting Party"”) may provide written notice to Escrow Agent that the Purchase Agreement has been terminated and or that Seller or Purchaser (as the case may be) otherwise is entitled to receive the Xxxxxxx Money pursuant to the Purchase Agreement and that the Xxxxxxx Money is to be distributed in accordance with the instructions given in such notice (a "“Disbursement Request"”). Escrow Agent shall provide written notice (the "“Receipt Notice"”) to the other Party (the "“Confirming Party"”) of its receipt of such Disbursement Request (together with a copy of the Disbursement Request) no later than one two (12) Business Day Days after its receipt of such Disbursement Request.)