Examples of Xxxxxxx Money Escrow Agent in a sentence
Subject to the last sentence of this clause (a), if for any reason the Closing does not occur and either party makes a written demand (the “Demand”) upon Escrow Agent for payment of the Xxxxxxx Money, Escrow Agent shall give written notice to the other party of the Demand within one business day after receipt of the Demand.
Subject to the last sentence of this clause (a), if for any reason the Closing does not occur and either party makes a written demand (the “Demand”) upon Escrow Agent for payment of the Xxxxxxx Money, Escrow Agent shall give written notice to the other party of the Demand within one (1) business day after receipt of the Demand.
Upon completion of the disbursement of the Xxxxxxx Money, Escrow Agent shall be automatically released and discharged of its escrow obligations hereunder.
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If Purchaser elects to terminate this Agreement, the Xxxxxxx Money Deposit shall be returned to Purchaser by Xxxxxxx Money Escrow Agent and the parties shall have no further rights, duties or obligations hereunder (except as otherwise expressly provided in this Agreement).