Failure to Close; Cancellation. If the Escrow Holder is not in a position to close the Escrow on the Closing Date, it shall close as soon thereafter as possible; provided, however, that if the Closing has not occurred by the sixtieth (60th) day following the Closing Date, the Escrow Holder shall return to the depositor thereof any funds or other materials previously placed in Escrow (including interest on any such funds). No such return shall relieve either party of liability for any failure to comply with the terms of this Agreement and shall be in addition to any other rights such party may have at law or in equity.
Appears in 7 contracts
Samples: Sample Purchase Agreement, Sample Purchase Agreement, Sample Purchase Agreement
Failure to Close; Cancellation. If the Escrow Holder is not in a position to close the Escrow on the Closing Date, it shall close as soon thereafter as possible; provided, however, that if the Closing has not occurred by the sixtieth thirtieth (60th30th) day following the Closing Date, the Escrow Holder shall return to the depositor thereof any funds or other materials previously placed in Escrow (including interest on any such funds). No such return shall relieve either party of liability for any failure to comply with the terms of this Agreement and shall be in addition to any other rights such party may have at law or in equity.
Appears in 6 contracts
Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement
