Escrow Cancellation Charges. If escrow fails to close because of Seller’s default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 11 contracts
Samples: Purchase Agreement (AmREIT Monthly Income & Growth Fund IV LP), Purchase Agreement (Cole Corporate Income Trust, Inc.), Purchase Agreement (Cole Credit Property Trust V, Inc.)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s 's default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s 's default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 7 contracts
Samples: Assignment of Purchase Agreement (Cole Credit Property Trust II Inc), Assignment of Purchase Agreement (Cole Credit Property Trust II Inc), Purchase Agreement (Cole Credit Property Trust II Inc)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow AgentAgent and all title charges to date. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 2 contracts
Samples: Purchase Agreement, Purchase Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 2 contracts
Samples: Master Purchase Agreement (Cole Credit Property Trust V, Inc.), Master Purchase Agreement (Cole Credit Property Trust V, Inc.)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half one‑half of any cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 2 contracts
Samples: Purchase Agreement (Cole Office & Industrial REIT (CCIT II), Inc.), Purchase Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half one‑half of any cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Purchase Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s 's default, Seller shall be liable for any reasonable cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s default's default or for any other reason, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Purchase Agreement (Cole Credit Property Trust II Inc)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s 's default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s 's default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half (1/2) of any cancellation charges of Escrow Agent. The provisions of this Section 24 Paragraph 18.T shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Cole Credit Property Trust II Inc)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 25 shall survive cancellation of this Agreement.
Appears in 1 contract
Escrow Cancellation Charges. If escrow fails to close because of Seller’s 's default, Seller shall be liable for any reasonable cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s 's default, Buyer shall be liable for any reasonable cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any reasonable cancellation charges of Escrow Agent. The provisions of this Section 24 9.15 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Assignment of Agreement of Purchase and Sale (Cole Credit Property Trust II Inc)
Escrow Cancellation Charges. If escrow Escrow fails to close because of Seller’s 's default, Seller shall be liable for any cancellation charges of Escrow AgentAgent charges. If escrow Escrow fails to close because of Buyer’s 's default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow Escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 1 contract
Escrow Cancellation Charges. If the Escrow established pursuant to Section 3.01 of this Agreement fails to close by reason of Seller's default hereunder, Seller shall pay all escrow cancellation charges. If the escrow fails to close because of Seller’s default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because by reason of Buyer’s default's default hereunder, Buyer shall be liable pay for any all escrow cancellation charges of Escrow Agentcharges. If the escrow fails to close for any reason other reasonthan the foregoing, Seller and Buyer shall each be liable for one-half of any pay the escrow cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreementcharges.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Arvida JMB Partners L P Ii)
Escrow Cancellation Charges. If the escrow fails to close because of Seller’s Seller s default, Seller shall be liable for any all customary escrow cancellation charges of Escrow Agentcharges. If the escrow fails to close because of Buyer’s Buyer s default, Buyer shall be liable for any all customary escrow cancellation charges of Escrow Agentcharges. If the escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half (1/2) of any all customary escrow cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreementcharges.
Appears in 1 contract
Escrow Cancellation Charges. If escrow fails to close because of Seller’s default, Seller shall be liable for any cancellation charges of Escrow AgentAgent and the Report. If escrow fails to close because of Buyer’s default, Buyer shall be liable for any cancellation charges of Escrow AgentAgent and the Report. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-one half of any cancellation charges of Escrow AgentAgent and the Report. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Purchase Agreement (Cost U Less Inc)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s 's default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s 's default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-one half of any cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Assignment of Purchase Agreement (Cole Credit Property Trust II Inc)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s 's default, Seller shall be liable for any cancellation charges of Escrow AgentAgent charges. If escrow fails to close because of Buyer’s 's default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Assignment of Purchase Agreement (Cole Credit Property Trust II Inc)
Escrow Cancellation Charges. If the escrow fails to close because of Seller’s default, Seller shall be liable for any all customary escrow cancellation charges of Escrow Agentcharges. If the escrow fails to close because of Buyer’s default, Buyer shall be liable for any all customary escrow cancellation charges of Escrow Agentcharges. If the escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half (1/2) of any all customary escrow cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreementcharges.
Appears in 1 contract
Escrow Cancellation Charges. If escrow fails to close because of Seller’s default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 25 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Master Purchase Agreement (Cole Credit Property Trust Iv, Inc.)
Escrow Cancellation Charges. If the escrow fails to close because of Seller’s 's default, Seller shall be liable for any all customary escrow cancellation charges of Escrow Agentcharges. If the escrow fails to close because of Buyer’s 's default, Buyer shall be liable for any all customary escrow cancellation charges of Escrow Agentcharges. If the escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half (V,) of any all customary escrow cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreementcharges.
Appears in 1 contract
Samples: Real Estate Purchase Agreement (Western Wind Energy Corp)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s 's default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s 's default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 25 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Assignment of Purchase Agreement (Cole Credit Property Trust II Inc)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 26 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Purchase Agreement (Cole Credit Property Trust Iv, Inc.)
Escrow Cancellation Charges. If escrow fails to close because of a Seller’s defaultEvent of Default, Seller shall be liable for any cancellation charges of Escrow AgentAgent charges. If escrow fails to close because of a Buyer’s defaultEvent of Default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Asset Purchase Agreement
Escrow Cancellation Charges. If escrow fails to close because of Seller’s 's default, Seller shall be liable for any cancellation charges of Escrow AgentAgent charges not to exceed $4,500.00. If escrow fails to close because of Buyer’s 's default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section 24 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Assignment of Purchase Agreement (Cole Credit Property Trust II Inc)
Escrow Cancellation Charges. If escrow fails to close because of Seller’s 's default, Seller shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close because of Buyer’s 's default, Buyer shall be liable for any cancellation charges of Escrow Agent. If escrow fails to close for any other reason, Seller and Buyer shall each be liable for one-half of any cancellation charges of Escrow Agent. The provisions of this Section Article 24 shall survive cancellation of this Agreement.
Appears in 1 contract
Samples: Purchase Agreement (Cole Credit Property Trust II Inc)
