Return of Xxxxxxx Money. If Buyer has a Right to Terminate and timely terminates, Xxxxx is entitled to the 114 return of Xxxxxxx Money as provided in this Contract. If this Contract is terminated as set forth in § 25 and, except as provided in 115 § 24 (Xxxxxxx Money Dispute), if the Xxxxxxx Money has not already been returned following receipt of a Notice to Terminate, Seller 116 agrees to execute and return to Buyer or Broker working with Xxxxx, written mutual instructions (e.g., Xxxxxxx Money Release form), 117 within three days of Seller’s receipt of such form. 118 4.4. Form of Funds; Time of Payment; Available Funds.
Return of Xxxxxxx Money. If Buyer has a Right to Terminate and timely terminates, Buyer is entitled to 110 the return of Xxxxxxx Money as provided in this Contract. If this Contract is terminated as set forth in § 25 and, except as provided 111 in § 24, if the Xxxxxxx Money has not already been returned following receipt of a Notice to Terminate, Seller agrees to execute 112 and return to Buyer or Broker working with Buyer, written mutual instructions (e.g., Xxxxxxx Money Release form), within three 113 days of Seller’s receipt of such form.
Return of Xxxxxxx Money. In the event that the transaction does not close and the Escrowee is holding xxxxxxx money in its escrow account on behalf of the Buyer and Seller, said xxxxxxx money will be returned or held by Escrowee in accordance with the following terms:
A. Escrowee holding the xxxxxxx money shall give 30 days written notice to the parties to the transaction as to the Escrowee’s proposed distribution of the xxxxxxx money;
B. Written notice to the parties shall be given either by personal delivery or sent via U.S. Mail, first class with postage fully paid addressed to the parties at their respective addresses as appear above in this Contract. Notice sent by U.S. Mail shall be deemed to be delivered on the third business day after being deposited in the mail;
C. If the Escrowee does not receive an objection to its proposed distribution within said 30 day time frame, it shall be considered that the Buyer and Seller agree with the Escrowee’s proposed distribution, and Escrowee shall distribute the proceeds in the manner set forth in the Escrowee’s notice. DRAFT: Non-Executable Buyer and Seller acknowledge that as long as Escrowee returns xxxxxxx money in accordance with the above written procedures and in accordance with the 30 day notice given by Escrowee, this Contract provision is considered as written consent to disburse said xxxxxxx money funds. In the event that the Buyer and the Seller fail to reach an agreement regarding dispersal of the xxxxxxx money, the escrow agent is authorized to file an interpleader action, and the parties agree that the escrow agent will be reimbursed from the xxxxxxx money for all costs including reasonable attorney’s fees.
Return of Xxxxxxx Money a) After finalization of the Tender, the deposited Xxxxxxx Money will be returned back to the unsuccessful bidders through system
b) On receipt of Security Deposit, the deposited Xxxxxxx Money will be returned back to the successful Bidders.
Return of Xxxxxxx Money. In the event that the transaction does not close and the Escrow Agent is holding the Xxxxxxx Money in its escrow account on behalf of Buyer and Seller, said Xxxxxxx Money Deposit will be returned or held by Escrow Agent in accordance with the following terms:
A. Escrow Agent holding the Xxxxxxx Money shall give Seller and Buyer ten
B. If neither Buyer nor Seller provide the Escrow Agent with a written objection to Escrow Agent's proposed distribution within said ten (10) day period, it shall be considered that the Buyer and Seller agree with the Escrow Agent's proposed distribution, and Escrow Agent shall distribute the proceeds in the manner set forth in the Escrow Agent's notice.
Return of Xxxxxxx Money. If Xxxxx has a Right to Terminate and timely terminates, Xxxxx is entitled to the return of Xxxxxxx Money as provided in this Contract. If this Contract is terminated as set forth in § 25 and, except as provided in § 24, if the Xxxxxxx Money has not already been returned following receipt of a Notice to Terminate, Xxxxxx agrees to execute and return to Buyer or Broker working with Buyer, written mutual instructions (e.g., Xxxxxxx Money Release form), within three days of Seller’s receipt of such form.
Return of Xxxxxxx Money. In the event that the transaction does not close and the Escrowee is holding xxxxxxx money in its escrow account on behalf of the Buyer and Seller, said xxxxxxx money will be returned or held by Escrowee in accordance with the following terms:
Return of Xxxxxxx Money. In the event that the transaction does not close and the Escrow Agent is holding the Xxxxxxx Money Deposit in its escrow account on behalf of Xxxxx and Seller, said Xxxxxxx Money Deposit will be returned or held by Escrow Agent in accordance with the following terms:
X. Xxxxxx Agent holding the Xxxxxxx Money Deposit shall give 30 days written notice to the Parties to the transaction as to the Escrow Agent's proposed distribution of the Xxxxxxx Money;
B. Written notice to the Parties shall be given either by personal delivery or sent via U.S. Mail, first class with postage fully paid addressed to the Parties at their respective addresses as such appear in this Contract. Notice sent by U.S. Mail shall be deemed to be delivered on the third business day after being deposited in the mail; and
C. If the Escrow Agent does not receive an objection to its proposed distribution within said 30 day time frame, it shall be considered that the Buyer and Seller agree with the Escrow Agent's proposed distribution, and Escrow Agent shall distribute the proceeds in the manner set forth in the Escrow Agent's notice.
Return of Xxxxxxx Money. The parties agree that if this Agreement is terminated pursuant to Section 7.1, the parties shall instruct the Deposit Escrow Agent to return the Xxxxxxx Money to Parent with interest within two (2) Business Days of termination by wire transfer of immediately available funds to an account designated in writing by Parent; provided, however, that notwithstanding the foregoing, if the Agreement is terminated pursuant to Section 7.1(h), the parties shall instruct the Escrow Agent to transfer the Deposit to Company with interest within two (2) Business Days of termination by wire transfer of immediately available funds to an account designated in writing by Company.
Return of Xxxxxxx Money. If, within the Due Diligence Period, Buyer elects not to proceed with this transaction for any reason, or on the basis of any above any of the above- described conditions or otherwise in accordance with the terms of this Agreement, specifically including Sellers failure to cure defects raised by Buyer that Seller has agreed to cure through the objections provided for in Articles VIII and IV herein, written notice shall be given to Seller and this transaction shall be null and void unless otherwise agreed upon by the Parties hereto and all Xxxxxxx Money shall be returned to Buyer. If Buyer elects to proceed with the transaction, then no notification is required, and this contingency shall be deemed waived unless otherwise provided by the terms of this Agreement.
