Common use of EFFECT OF CANCELLATION ON DEPOSITS Clause in Contracts

EFFECT OF CANCELLATION ON DEPOSITS. If Buyer or Seller gives written NOTICE OF CANCELLATION pursuant to rights of duly exercised under the terms of this Agreement, Buyer and Seller agree to Sign mutual instructions to cancel the sale and escrow and release deposits, less fees and costs, to the party entitled to the funds. Fees and costs may be payable to service providers and vendors for services and products provided during escrow. Release of funds will require mutual Signed release instructions from Xxxxx and Seller, judicial decision or arbitration award.

EFFECT OF CANCELLATION ON DEPOSITS. If Buyer or Seller gives written NOTICE OF CANCELLATION notice of cancellation pursuant to rights of duly exercised under the terms of this Agreement, Buyer and Seller agree to Sign mutual instructions to cancel the sale and escrow and release deposits, less fees and costs, to the party entitled to the funds. Fees and costs may be payable to service providers and vendors for services and products provided during escrow. Release of funds will require mutual Signed release instructions from Xxxxx and Seller, judicial decision or arbitration award.

EFFECT OF CANCELLATION ON DEPOSITS. If Buyer or Seller gives written NOTICE OF CANCELLATION notice of cancellation pursuant to rights of duly exercised under the terms term of this Agreement, Buyer and Seller agree to Sign mutual instructions to cancel the sale and escrow and release deposits, less fees and costs, to the party entitled to the funds. Fees and costs may be payable to service providers and vendors for services and products provided during escrow. Release of funds will require mutual Signed signed release instructions from Xxxxx Buyer and Sellerseller, judicial decision or arbitration award.