Common use of Disbursement of Xxxxxxx Money Clause in Contracts

Disbursement of Xxxxxxx Money. If a dispute arises between Seller and the buyer as to whether a default had occurred, Broker shall hold the xxxxxxx money 210 and pay it out as agreed in writing by Seller and the buyer or as directed by a court of competent jurisdiction. In the event of a dispute Seller agrees that Broker may 211 deposit the funds with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader. Seller agrees that Broker may be reimbursed from the 212 xxxxxxx money for all costs, including reasonable attorneys' fees and court costs, related to the filing of the Interpleader and hereby agrees to indemnify and hold Broker 213 harmless from any and all claims and demands, including the payment of reasonable attorneys' fees, costs and expenses arising out of the default, claims and demands. 214 If Seller defaults, xxxxxxx money, at the option of the buyer, and upon written direction by Seller and the buyer or as directed by a Court of competent jurisdiction, shall 215 be refunded to the buyer and Seller shall not be released from any of its obligations under this Agreement. Notwithstanding anything in this Agreement to the contrary, 216 disbursement of xxxxxxx money shall be in accordance with the Real Estate License Act, as amended.

Disbursement of Xxxxxxx Money. Any xxxxxxx money held by Compass will be held in a special federally insured non-interest-bearing account unless otherwise agreed in writing by buyer and Seller. If a dispute arises between Seller and the buyer as to whether a default had occurredoccurred and Compass acts as Escrowee of xxxxxxx money, Broker Compass shall hold the xxxxxxx money 210 and pay it out as agreed in writing by Seller Xxxxxx and the buyer or as directed by a court of competent jurisdiction. In the event of a dispute Seller dispute, Xxxxxx agrees that Broker Compass may 211 deposit the funds with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader. Seller agrees that Broker Compass may be reimbursed from the 212 xxxxxxx money for all costs, including reasonable attorneys' fees and court costs, related to the filing of the Interpleader and hereby agrees to indemnify and hold Broker 213 Compass harmless from any and all claims and demands, including the payment of reasonable attorneys' fees, costs and expenses arising out of the default, claims and demands. 214 If Seller defaults, xxxxxxx money, at the option of the buyer, and upon written direction by Seller and the buyer or as directed by a Court of competent jurisdiction, shall 215 be refunded to the buyer and Seller shall not be released from any of its obligations under this Agreement. Notwithstanding anything in this Agreement to the contrary, 216 disbursement of xxxxxxx money shall be in accordance with the Real Estate License ActAct of 2000, as amended.

Disbursement of Xxxxxxx Money. If a dispute arises between Seller and the buyer as to whether a default had occurred, Broker shall hold the xxxxxxx money 210 and pay it out as agreed in writing by Seller and the buyer Buyer or as directed by a court of competent jurisdiction. In the event of a dispute dispute, Seller agrees that Broker may 211 deposit the funds with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader. Seller agrees that Broker may be reimbursed from the 212 xxxxxxx money for all costs, including reasonable attorneys' fees and court costs, related to the filing of the Interpleader and hereby agrees to indemnify and hold Broker 213 harmless from any and all claims and demands, including the payment of reasonable attorneys' fees, costs and expenses arising out of the default, claims and demands. 214 If Seller defaults, xxxxxxx money, at the option of the buyer, and upon written direction by Seller and the buyer or as directed by a Court of competent jurisdiction, shall 215 be refunded to the buyer and Seller shall not be released from any of its obligations under this Agreement. Notwithstanding anything in this Agreement to the contrary, 216 disbursement of xxxxxxx money shall be in accordance with the Real Estate License Act, as amended.

Disbursement of Xxxxxxx Money. If a dispute arises between Seller and the buyer as to whether a default had occurred, Broker shall hold the xxxxxxx money 210 213 and pay it out as agreed in writing by Seller and the buyer or as directed by a court of competent jurisdiction. In the event of a dispute Seller agrees that Broker may 211 214 deposit the funds with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader. Seller agrees that Broker may be reimbursed from the 212 215 xxxxxxx money for all costs, including reasonable attorneys' fees and court costs, related to the filing of the Interpleader and hereby agrees to indemnify and hold Broker 213 216 harmless from any and all claims and demands, including the payment of reasonable attorneys' fees, costs and expenses arising out of the default, claims and demands. 214 217 If Seller defaults, xxxxxxx money, at the option of the buyer, and upon written direction by Seller and the buyer or as directed by a Court of competent jurisdiction, shall 215 218 be refunded to the buyer and Seller shall not be released from any of its obligations under this Agreement. Notwithstanding anything in this Agreement to the contrary, 216 219 disbursement of xxxxxxx money shall be in accordance with the Real Estate License Act, as amended.

Disbursement of Xxxxxxx Money. If a dispute arises between Seller and the buyer as to whether a default had occurred, Broker shall hold the xxxxxxx money 210 235 and pay it out as agreed in writing by Seller Xxxxxx and the buyer or as directed by a court of competent jurisdiction. In the event of a dispute Seller Xxxxxx agrees that Broker Xxxxxx may 211 236 deposit the funds with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader. Seller Xxxxxx agrees that Broker Xxxxxx may be reimbursed from the 212 237 xxxxxxx money for all costs, including reasonable attorneys' fees and court costs, related to the filing of the Interpleader and hereby xxxxxx agrees to indemnify and hold Broker 213 238 harmless from any and all claims and demands, including the payment of reasonable attorneys' fees, costs and expenses arising out of the default, claims and demands. 214 239 If Seller defaults, xxxxxxx money, at the option of the buyer, and upon written direction by Seller Xxxxxx and the buyer or as directed by a Court of competent jurisdiction, shall 215 240 be refunded to the buyer and Seller shall not be released from any of its obligations under this Agreement. Notwithstanding anything in this Agreement to the contrary, 216 241 disbursement of xxxxxxx money shall be in accordance with the Real Estate License Act, as amended.