Common use of Termination of Obligation Clause in Contracts

Termination of Obligation. the Escrow Account will terminate on March 31, 2026, unless it is terminated sooner by the completion of the development activities. Any balance of the Escrow Account Funds after completion of the Improvements or after return of the deposits when requested shall be released to Senior Solutions Ltd to assure the appropriate completion of the Community. The Developer shall not be responsible to pay for Improvements costing more than the funds available in the Escrow Account.

Appears in 4 contracts

Samples: Escrow Agreement, Escrow Agreement, Escrow Agreement

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