Receipt of Notice of a Dispute. If, prior to Closing, Escrow Company receives written notice from Purchaser or Seller that a dispute exists with respect to which proceedings have been commenced, Escrow Company shall retain the disputed portion of the Xxxxxxx Money, until the first to occur of the following:
Appears in 6 contracts
Samples: Agreement for Sale and Purchase of Hotel, Agreement for Sale and Purchase Of (Moody National REIT I, Inc.), Agreement for Sale and Purchase