Common use of FAILURE TO CLOSE TRANSACTION Clause in Contracts

FAILURE TO CLOSE TRANSACTION. If a Seller/Landlord in an agreement made on behalf of the Client fails to close such agreement, with no fault on the part of the Client, then the compensation due Broker provided in paragraph 7 shall be waived. If such transaction fails to close because of any fault on the part of the Client, the total amount owing as compensation shall be immediately due and payable to the Broker by the Client.

Appears in 3 contracts

Samples: Buyer Agency Agreement, Buyer Agency Agreement, Buyer Agency Agreement

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FAILURE TO CLOSE TRANSACTION. If a Sellerseller/Landlord in landlord fails to close an agreement made on behalf of the Client fails to close such agreementwith Client, with no fault on the part of the Client, then the compensation due Broker provided for in paragraph 7 this Agreement shall be waived. If such transaction fails to close because of any fault due to acts on the part of the Client, the total amount owing as compensation shall be immediately due and payable to the Broker by the Client.

Appears in 1 contract

Samples: Exclusive Buyer Agency Agreement

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