Common use of Return of Xxxxxxx Money Clause in Contracts

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. 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. 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 Xxxxxxxx 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. ‌ In the event that the transaction does not close and the Escrowee Escrow Agent is holding xxxxxxx money the Xxxxxxx Money Deposit in its escrow account on behalf of the Buyer Xxxxx and Seller, said xxxxxxx money Xxxxxxx Money Deposit will be returned or held by Escrowee Escrow Agent in accordance with the following terms: A. Escrowee Escrow Agent holding the xxxxxxx money Xxxxxxx Money Deposit shall give 30 Seller and Buyer thirty (30) days written notice to the parties to the transaction as to the Escrowee’s Escrow Agent's proposed distribution of the xxxxxxx money;Xxxxxxx Money; and B. Written notice to If neither Buyer nor Seller provides the parties shall be given either by personal delivery or sent via U.S. Mail, first class Escrow Agent 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 a written objection to its Escrow Agent's proposed distribution within said 30 thirty (30) day time frameperiod, it shall be considered that the Buyer and Seller agree with the Escrowee’s Escrow Agent's proposed distribution, and Escrowee Escrow Agent shall distribute the proceeds in the manner set forth in the Escrowee’s Escrow Agent's notice. DRAFT: Non-Executable Buyer Xxxxx and Seller acknowledge that as long as Escrowee Escrow Agent returns xxxxxxx money the Xxxxxxx Money Deposit in accordance with the above written procedures and in accordance with the 30 day notice given by Escroweeprovisions of this Section 16, this Contract provision is considered as written consent to disburse said xxxxxxx money fundsXxxxxxx Money Deposit. In the event that the Buyer and the Seller fail to reach an agreement regarding dispersal of the xxxxxxx moneyXxxxxxx Money Deposit, the escrow agent Escrow Agent is authorized to file an interpleader action, and the parties Parties agree that the escrow agent Escrow Agent will be reimbursed from the xxxxxxx money Xxxxxxx Money Deposit for all costs incurred in connection with such filing, including reasonable attorney’s fees.

Return of Xxxxxxx Money. In the event that the transaction does not close and the Escrowee Escrow Agent is holding xxxxxxx money the Xxxxxxx Money Deposit in its escrow account on behalf of the Buyer and Seller, said xxxxxxx money Xxxxxxx Money Deposit will be returned or held by Escrowee Escrow Agent in accordance with the following terms: A. Escrowee : Escrow Agent holding the xxxxxxx money Xxxxxxx Money Deposit shall give 30 Seller and Buyer thirty (30) days written notice to the parties to the transaction as to the Escrowee’s Escrow Agent's proposed distribution of the xxxxxxx money; B. Written notice to Xxxxxxx Money; and If neither Buyer nor Seller provides the parties shall be given either by personal delivery or sent via U.S. Mail, first class Escrow Agent 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 a written objection to its Escrow Agent's proposed distribution within said 30 thirty (30) day time frameperiod, it shall be considered that the Buyer and Seller agree with the Escrowee’s Escrow Agent's proposed distribution, and Escrowee Escrow Agent shall distribute the proceeds in the manner set forth in the Escrowee’s Escrow Agent's notice. DRAFT: Non-Executable Buyer and Seller acknowledge that as long as Escrowee Escrow Agent returns xxxxxxx money the Xxxxxxx Money Deposit in accordance with the above written procedures and in accordance with the 30 day notice given by Escroweeprovisions of this Section 13, this Contract provision is considered as written consent to disburse said xxxxxxx money fundsXxxxxxx Money Deposit. In the event that the Buyer and the Seller fail to reach an agreement regarding dispersal of the xxxxxxx moneyXxxxxxx Money Deposit, the escrow agent Escrow Agent is authorized to file an interpleader action, and the parties Parties agree that the escrow agent Escrow Agent will be reimbursed from the xxxxxxx money Xxxxxxx Money Deposit for all costs incurred in connection with such filing, including reasonable attorney’s fees.

Return of Xxxxxxx Money. In the event that the transaction does not close 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 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 this 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 Escroweetitle company’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 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 Escrowee is authorized to file an interpleader action, and the parties agree that the escrow agent Escrowee will be reimbursed from the xxxxxxx money for all costs including reasonable attorney’s fees.

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:: DRAFT: Non-Executable 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 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 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. In the event that the transaction does not close and the Escrowee broker 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 Broker in accordance with the following terms: A. Escrowee Broker holding the xxxxxxx money shall give 30 days written notice to the parties to the transaction as to the EscroweeBroker’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 Broker 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 EscroweeBroker’s proposed distribution, and Escrowee Broker shall distribute the proceeds in the manner set forth in the EscroweeBroker’s notice. DRAFT: Non-Executable Buyer and Seller acknowledge that as long as Escrowee Broker returns xxxxxxx money in accordance with the above written procedures and in accordance with the 30 day notice given by EscroweeBroker, 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.