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.
Appears in 4 contracts
Samples: Contract to Purchase, Contract to Purchase, Contract to Purchase
