Common use of Disbursement of Xxxxxxx Money Clause in Contracts

Disbursement of Xxxxxxx Money. Holder shall disburse the xxxxxxx money upon: (1) the closing of Property; (2) a subsequent written agreement of Buyer and Seller; (3) an order of a court or arbitrator having jurisdiction over any dispute involving the xxxxxxx money; or (4) the failure of the parties to enter into a binding agreement (where there is no dispute over the formation or enforceability of the Agreement). In addition, Holder may disburse the xxxxxxx money upon a reasonable interpretation of the Agreement, provided that Holder first gives all parties fifteen (15) days notice stating to whom and why the disbursement will be made. Any party may object to the proposed disbursement by giving written notice of the same to Holder within the fifteen (15) day notice period. Objections not timely made in writing shall be deemed waived. If Holder receives an objection and, after considering it, decides to disburse the xxxxxxx money as originally proposed, Holder may do so and send notice to the parties of Holder’s action. If Holder decides to modify its proposed disbursement, Holder shall first send a new fifteen (15) day notice to the parties stating the rationale for the modification and to whom the disbursement will now be made.

Disbursement of Xxxxxxx Money. Holder shall disburse the xxxxxxx money upon: (1) the closing of Property; (2) a subsequent written agreement of Buyer and Seller; (3) an order of a court or arbitrator having jurisdiction over any dispute involving the xxxxxxx money; or (4) the failure of the parties to enter into a binding agreement (where there is no dispute over the formation or enforceability of the Agreement). In addition, Holder may disburse the xxxxxxx money upon a reasonable interpretation of the Agreement, provided that Holder first gives all parties fifteen at least ten (1510) days notice stating to whom and why the disbursement will be made. Any party may object to the proposed disbursement by giving written notice of the same to Holder within the fifteen ten (1510) day notice period. Objections not timely made in writing shall be deemed waived. If Holder receives an objection and, after considering it, decides to disburse the xxxxxxx money as originally proposed, Holder may do so and send notice to the parties of Holder’s 's action. If Holder decides to modify its proposed disbursement, Holder shall first send a new fifteen ten (1510) day notice to the parties stating the rationale for the modification and to whom the disbursement will now be made.. Holder shall offer to disburse the xxxxxxx money to Seller by check in the event Holder: (1) makes a reasonable interpretation of the Agreement that the Agreement has been terminated due to Buyer's default; and

Disbursement of Xxxxxxx Money. Holder shall disburse the xxxxxxx money upon: (1) the closing of Property; (2) a subsequent written agreement of Buyer and Seller; (3) an order of a court or arbitrator having jurisdiction over any dispute involving the xxxxxxx money; or (4) the failure of the parties to enter into a binding agreement (where there is no dispute over the formation or enforceability of the Agreement). In addition, Holder Xxxxxx may disburse the xxxxxxx money upon a reasonable interpretation of the Agreement, provided that Holder Xxxxxx first gives all parties fifteen (15) 15 days notice stating to whom and why the disbursement will be made. Any party may object to the proposed disbursement by giving written notice of the same to Holder within the fifteen (15) 15 day notice period. Objections not timely made in writing shall be deemed waived. If Holder Xxxxxx receives an objection and, after considering it, decides to disburse the xxxxxxx money as originally proposed, Holder may do so and send notice to the parties of HolderXxxxxx’s action. If Holder Xxxxxx decides to modify its proposed disbursement, Holder shall first send a new fifteen (15) 15 day notice to the parties stating the rationale for the modification and to whom the disbursement will now be made.

Disbursement of Xxxxxxx Money. Holder shall disburse the xxxxxxx money upon: (1a) the closing of Property; (2b) a subsequent written agreement of Buyer and Seller; (3c) an order of a court or arbitrator having jurisdiction over any dispute involving the xxxxxxx money; or (4d) the failure of the parties to enter into a binding agreement (where there is no dispute over the formation or enforceability of the Agreement). In addition, Holder may disburse the xxxxxxx money upon a reasonable interpretation of the Agreement, provided that Holder first gives all parties fifteen (15) 15 days notice stating to whom and why the disbursement will be made. Any party may object to the proposed disbursement by giving written notice of the same to Holder within the fifteen (15) 15 day notice period. Objections not timely made in writing shall be deemed waived. If Holder receives an objection and, after considering it, decides to disburse the xxxxxxx money as originally proposed, Holder may do so and send notice to the parties of Holder’s action. If Holder decides to modify its proposed disbursement, Holder shall first send a new fifteen (15) 15 day notice to the parties stating the rationale for the modification and to whom the disbursement will now be made.

Disbursement of Xxxxxxx Money. Holder shall disburse the xxxxxxx money upon: (1) the closing of Property; (2) a subsequent written agreement of Buyer and Seller; (3) an order of a court or arbitrator having jurisdiction over any dispute involving the xxxxxxx money; or (4) the failure of the parties to enter into a binding agreement (where there is no dispute over the formation or enforceability of the Agreement). In addition, Holder Xxxxxx may disburse the xxxxxxx money upon a reasonable interpretation of the Agreement, provided that Holder Xxxxxx first gives all parties fifteen 15 (15fifteen) days notice stating to whom and why the disbursement will be made. Any party may object to the proposed disbursement by giving written notice of the same to Holder within the fifteen 15 (15fifteen) day notice period. Objections not timely made in writing shall be deemed waived. If Holder Xxxxxx receives an objection and, after considering it, decides to disburse the xxxxxxx money as originally proposed, Holder may do so and send notice to the parties of HolderXxxxxx’s action. If Holder Xxxxxx decides to modify its proposed disbursement, Holder shall first send a new fifteen 15 (15fifteen) day notice to the parties stating the rationale for the modification and to whom the disbursement will now be made.

Disbursement of Xxxxxxx Money. Holder shall disburse the xxxxxxx money upon: (1) the closing of Property; (2) a subsequent written agreement of Buyer and Seller; (3) an order of a court or arbitrator having jurisdiction over any dispute involving the xxxxxxx money; or (4) the failure of the parties to enter into a binding agreement (where there is no dispute over the formation or enforceability of the Agreement). In addition, Holder may disburse the xxxxxxx money upon a reasonable interpretation of the Agreement, provided that Holder first gives all parties fifteen 15 (15fifteen) days notice stating to whom and why the disbursement will be made. Any party may object to the proposed disbursement by giving written notice of the same to Holder within the fifteen 15 (15fifteen) day notice period. Objections not timely made in writing shall be deemed waived. If Holder receives an objection and, after considering it, decides to disburse the xxxxxxx money as originally proposed, Holder may do so and send notice to the parties of Holder’s action. If Holder decides to modify its proposed disbursement, Holder shall first send a new fifteen 15 (15fifteen) day notice to the parties stating the rationale for the modification and to whom the disbursement will now be made.