Escrow Cancellation. If this Agreement is terminated pursuant to a contractual right granted to either Party in this Agreement to terminate this Agreement (other than due to the other Party’s Default), the Parties shall do all of the following:
Escrow Cancellation. The Close of Escrow shall occur as soon as possible following the satisfaction or waiver of all closing conditions set forth in this Agreement, but in no
8.2.1. If the Close of Escrow fails to occur due to Owner’s default, defined as a failure of the Owner to comply with any obligation imposed by this Agreement on the Owner before the Close of Escrow, Owner shall pay all Escrow cancellation charges.
8.2.2. If the Close of Escrow fails to occur due to City’s default, defined as a failure of the City to comply with any obligation imposed by this Agreement on the City before the Close of Escrow, City shall pay all Escrow cancellation charges.
8.2.3. If the Close of Escrow fails to occur for any reason other than the foregoing, City and Owner shall each pay one-half (½) of any Escrow cancellation charges, and each party shall release the other party from all liability hereunder for the failure of the Close of Escrow to occur. “Escrow cancellation charges” means all fees, charges and expense incurred and charged by Escrow Holder.
Escrow Cancellation. If Escrow fails to close due to a Party’s default or breach, the defaulting or breaching Party shall pay all Escrow Cancellation Charges. If Escrow fails to close for any other reason, Buyer shall pay all Escrow Cancellation Charges. “Escrow Cancellation Charges” means all fees, charges and expenses actually charged by Escrow Holder and the Title Company to the parties in connection with the cancellation of the Escrow and the title order, if any.
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Escrow Cancellation. If any Party defaults with respect to its obligations hereunder, or if Escrow is not in a condition to close by the agreed Closing Date, Escrow Holder shall continue to comply with the instructions contained herein until a written demand has been made by a party entitled to do so for the cancellation of Escrow. Escrow Holder shall notify the other party of any such demand.
Escrow Cancellation. If Escrow is not in a condition to close by the agreed date for the Close of Escrow as set forth in Section 13.4 hereof, Glenoaks Escrow shall continue to comply with the instructions contained herein until a written demand has been made by a party entitled to do so for the cancellation of Escrow, as described below. Glenoaks Escrow shall notify the other party of any such demand.
13.2.1 If the Close of Escrow fails to occur due to Seller’s default, Seller shall pay all Escrow cancellation charges.
13.2.2 If the Close of Escrow fails to occur due to Buyer’s default, Buyer shall pay all Escrow cancellation charges.
13.2.3 If the Close of Escrow fails to occur for any reason other than the foregoing, Buyer and Seller shall each pay one-half (½) of any Escrow cancellation charges, and each party shall release the other party from all liability hereunder for the failure of the Close of Escrow to occur. “Escrow cancellation charges” means all fees, charges and expense incurred and charged by Glenoaks Escrow as well as all expenses related to the issuance of the title policy and other title matters.
Escrow Cancellation. 6.2.1. If, for any reason, the Escrow is cancelled pursuant to Section 6.1.3, Escrow Holder shall return to the Parties delivering same all instruments which are then held by Escrow Holder in connection with the Escrow.
6.2.2. If the Escrow is cancelled pursuant to Section 6.1.3 and neither Party is in default of its obligations hereunder, this Agreement shall be deemed to be terminated (with the exception of those provisions which expressly state that they are to survive such termination), and District and City shall each bear one-half (1/2) of the title and Escrow fee and cancellation charges, if any. In such event, neither Party shall be obligated to the other to close the Escrow hereunder.
6.2.3. If the Escrow is cancelled pursuant to Section 6.1.3 and District is the Defaulting Party, District shall pay the Escrow fee and cancellation charges.
6.2.4. If the Escrow is cancelled pursuant to Section 6.1.3 and City is the Defaulting Party, City shall pay the Escrow fee and cancellation charges.
Escrow Cancellation. If either party materially defaults with respect to its obligations hereunder, or if Escrow is not in a condition to close by the Initial Closing Date, Escrow Holder shall continue to comply with the instructions contained herein until a written demand has been made by a party entitled to do so for the cancellation of Escrow. Escrow Holder shall notify the other party of any such demand. Notwithstanding the foregoing, in no event shall Escrow close after the absolute Initial Closing Deadline set forth in Section 3.5(b), hereof and if, for any reason, Escrow fails to close on or before the Initial Closing Deadline, then the Escrow shall, without any notice from or agreement or acknowledgement by Buyer or Seller, automatically be terminated and cancelled and the provisions of Section 12.1 shall be applicable.
Escrow Cancellation. In the event that the Close of Escrow does not occur within the time prescribed in this Agreement, for any reason other than the default of one of the parties hereto, Escrow Holder shall return to the parties so delivering same all funds and instruments which are then held by Escrow Holder. If Escrow fails to close for any reason other than Seller's or Buyer's default, Seller and Buyer shall each bear one-half of any Escrow cancellation charges and, in such event, neither party shall be liable to the other hereunder. If Escrow fails to close by reason of Seller's default hereunder, Seller shall pay all Escrow cancellation charges and Escrow Holder shall return to Buyer all funds deposited by Buyer. If Escrow fails to close by reason of Buyer's default hereunder, Buyer shall pay all Escrow cancellation charges and any funds deposited under Section 2.2 shall be delivered to Seller.
Escrow Cancellation. In the event that an Eighth Amendment Escrow is terminated pursuant to any right of any party to this Eighth Amendment, the party shall deliver written notice thereof to the other party and Escrow Holder, and the following shall be performed:
i) Developer (and City, if applicable) shall, within three (3) business days of Escrow Holder’s written request, execute any reasonable escrow cancellation instructions requested by Escrow Holder;
ii) Within ten (10) days of receipt by Developer of a settlement statement and title order cancellation charges from Escrow Holder, or within ten (10) days of City’s written notice to terminate an Eighth Amendment Escrow, whichever is earlier:
(i) Developer or Escrow Holder shall return to City any documents previously delivered by City to Developer or Escrow Holder; (ii) City or Escrow Holder shall return to Developer all documents previously delivered by Developer to City or Escrow Holder; and
