Examples of Extension Fee in a sentence
In the event Purchaser deposits the Extension Fee, Seller and Purchaser shall execute and deliver to Title Company any additional or supplementary instructions as may be necessary to implement the terms of this Contract and close the transactions contemplated hereby, provided such instructions are consistent with and merely supplement this Contract and shall not in any way modify, amend or supersede this Contract.
Holder shall disburse the Extension Fee to Seller at Closing or upon the termination of this Agreement due to Purchaser’s default.
Holder shall deposit the Extension Fee in a non-interest bearing escrow/trust account.
However, Title Company shall have the right at any time to deposit the Extension Fee with a court of competent jurisdiction in the state in which the Property is located.
If either party makes a written demand upon Title Company for payment of the Extension Fee as permitted by this Contract, Title Company shall give written notice to the other party of such demand.