Failure to Cancel Sample Clauses
The "Failure to Cancel" clause defines the consequences and responsibilities that arise when a party does not properly cancel an agreement or scheduled service as required. Typically, this clause outlines the procedures for cancellation, such as required notice periods or specific methods of communication, and specifies any penalties, fees, or continued obligations that may result from failing to cancel in accordance with the contract. Its core practical function is to encourage timely communication and protect the non-breaching party from losses or inconvenience caused by last-minute or absent cancellations.
Failure to Cancel. If the REPC is not cancelled as provided in this section 8.2, Buyer shall be deemed to have waived the Appraisal
Failure to Cancel. If the REPC is not cancelled as provided in this section 8.2, Buyer shall be deemed to have waived the Appraisal Condition, and except as provided in Sections 8.1(b) and 8.3(b)(i), the ▇▇▇▇▇▇▇ Money Deposit shall become non-refundable.
Failure to Cancel. If any portion of the Property is taken by eminent domain or made the subject of condemnation proceedings (or proposed or threatened condemnation proceedings), and Purchaser does not elect to cancel this Agreement pursuant to Section 16(b) hereof, then at the Closing the following shall occur:
(i) Seller shall credit on account of the Purchase Price the amount of all condemnation awards actually received by Seller (whether retained by Seller or paid directly to the holder of any lien on the Property).
(ii) Seller shall also assign, transfer and set over to Purchaser all of Seller's right, title and interest in and to any awards that may be made with respect to any pending or future condemnation proceeding
Failure to Cancel. If a less than material portion of the Real Property is taken by eminent domain or made the subject of condemnation proceedings prior to Closing, or a material portion of the Real Property is taken by eminent domain or made the subject of condemnation proceedings prior to Closing and Purchaser does not elect to terminate this Contract pursuant to Section 18(b) hereof, then at the Closing the following shall occur: LAND SALE CONTRACT-341.3 ACRES IN HARRIS COUNTY, TX-▇▇▇▇▇ SPOILS TRACTS (EAST & WEST ▇▇▇▇▇ PLACEMENT AREAS LLC & EQUITY RESOURCE PARTNERS-EAST WEST, LLC)
(i) The Property shall exclude any part of the Real Property that is taken in condemnation prior to Closing;
(ii) Seller shall credit on account of the Purchase Price the amount of all condemnation awards actually received by ▇▇▇▇▇▇ (whether retained by Seller or paid directly to the holder of any lien on the Real Property); and
(iii) Seller shall also assign, transfer and set over to Purchaser all of Seller’s right, title and interest in and to any awards that may be made with respect to any pending or future condemnation proceeding.
Failure to Cancel. If a less than material portion of the Real Property is taken by eminent domain or made the subject of condemnation proceedings prior to Closing, or a material portion of the Real Property is taken by eminent domain or made the subject of condemnation proceedings prior to Closing and Purchaser does not elect to terminate this Contract pursuant to Section 18(b) hereof, then at the Closing the following shall occur:
(i) The Property shall exclude any part of the Real Property that is taken in condemnation prior to Closing;
(ii) Seller shall credit on account of the Purchase Price the amount of all condemnation awards actually received by ▇▇▇▇▇▇ (whether retained by Seller or paid directly to the holder of any lien on the Real Property); and
(iii) Seller shall also assign, transfer and set over to Purchaser all of Seller's right, title and interest in and to any awards that may be made with respect to any pending or future condemnation proceeding.