Common use of Nonrefundable Xxxxxxx Money Clause in Contracts

Nonrefundable Xxxxxxx Money. If this Agreement includes any contingencies (Financing or Home Sale), Buyer’s xxxxxxx money deposit shall automatically become nonrefundable upon the satisfaction or waiver of all such contingencies. Release of the xxxxxxx money shall be automatic, no additional authorization or signatures shall be required to release the funds to the seller. Buyer instructs the holder of the xxxxxxx money deposit to immediately transfer the deposit to the Seller. The xxxxxxx money deposit shall be applied towards the purchase price at closing. If this transaction should fail to close the xxxxxxx money deposit shall be forfeited to the Seller. Buyer is aware at Seller’s sole discretion home may not be started until all contingencies have been removed. Buyer: Date: Buyer: Date:

Nonrefundable Xxxxxxx Money. If this Agreement includes any contingencies (Financing or Home Sale), BuyerXxxxx’s xxxxxxx money deposit shall automatically become nonrefundable upon the satisfaction or waiver of all such contingencies. Release of the xxxxxxx money shall be automatic, no additional authorization or signatures shall be required to release the funds to the seller. Buyer Xxxxx instructs the holder of the xxxxxxx money deposit to immediately transfer the deposit to the Seller. The xxxxxxx money deposit shall be applied towards the purchase price at closing. If this transaction should fail to close the xxxxxxx money deposit shall be forfeited to the Seller. Buyer Xxxxx is aware at SellerXxxxxx’s sole discretion home may not be started until all contingencies have been removed. Buyer: Date: Buyer: Date:

Nonrefundable Xxxxxxx Money. If this Agreement includes any contingencies (Financing or Home Sale), BuyerXxxxx’s xxxxxxx money deposit shall automatically become nonrefundable upon the satisfaction or waiver of all such contingencies. Release of the xxxxxxx money shall be automatic, no additional authorization or signatures shall be required to release the funds to the seller. Buyer Xxxxx instructs the holder of the xxxxxxx money deposit to immediately transfer the deposit to the Seller. The xxxxxxx money deposit shall be applied towards the purchase price at closing. If this transaction should fail to close the xxxxxxx money deposit shall be forfeited to the Seller. Buyer Xxxxx is aware at SellerXxxxxx’s sole discretion home may not be started until all contingencies have been removed. Buyer: Date: _ Buyer: Date:: _