Common use of Escrow Cancellation Charges Clause in Contracts

Escrow Cancellation Charges. If the Escrow fails to close because of Seller’s default, Seller will pay all customary Escrow cancellation charges. If the Escrow fails to close because of Buyer’s default or cancellation of this Agreement for any reason other than the default of Seller, Buyer will pay all customary Escrow cancellation charges. If the Escrow fails to close for any other reason, Seller and Buyer will each pay one-half of all customary Escrow cancellation charges.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Escrow Cancellation Charges. If the Escrow fails to close because of Seller’s 's default, Seller will pay all customary Escrow escrow cancellation charges. If the Escrow fails to close because of Buyer’s default or cancellation of this Agreement for any reason other than the default of Seller's default, Buyer will pay all customary Escrow escrow cancellation charges. If the Escrow fails to close for any other reason, Seller and Buyer will each pay one-half (1/2) of all customary Escrow escrow cancellation charges.

Appears in 1 contract

Samples: Purchase Agreement (Giant Industries Inc)

Escrow Cancellation Charges. If the Escrow Xxxxxx fails to close because of Seller’s 's default, Seller will pay all customary Escrow escrow cancellation charges. If the Escrow Xxxxxx fails to close because of Buyer’s default or cancellation of this Agreement for any reason other than the default of SellerXxxxx's default, Buyer will shall pay all customary Escrow cancellation charges. If the Escrow fails to close for any other reason, Seller and Buyer will each pay one-half of all customary Escrow escrow cancellation charges.

Appears in 1 contract

Samples: Purchase Agreement

Escrow Cancellation Charges. If the Escrow fails to close because of Seller’s 's default, Seller will pay all customary Escrow escrow cancellation charges. If the Escrow fails to close because of Buyer’s default or cancellation of this Agreement for any reason other than the default of Seller's default, Buyer will pay all customary Escrow escrow cancellation charges. If the Escrow fails to close for any other reason, Seller and Buyer will each pay one-half of all customary Escrow escrow cancellation charges.

Appears in 1 contract

Samples: Purchase Agreement (Talley Industries Inc)

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Escrow Cancellation Charges. If the Escrow fails to close because of Seller’s default, Seller will pay all customary Escrow escrow cancellation charges. If the Escrow fails to close because of Buyer’s default default, or cancellation of this Agreement for any reason other than the default of Seller, Buyer will pay all customary Escrow cancellation charges. If the Escrow fails to close for any other reason, Seller and Buyer will each shall pay one-half of all customary Escrow escrow cancellation charges.

Appears in 1 contract

Samples: Purchase Agreement

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