Common use of Escrow Cancellation Charges Clause in Contracts

Escrow Cancellation Charges. If, due to the City’s Default under this Agreement, the Closing does not occur, the City will pay any ordinary and reasonable Escrow and title order cancellation charges charged by Escrow Agent and Title Company. If, due to CSU’s Default under this Agreement, the Closing does not occur, CSU will pay any ordinary and reasonable Escrow and title order cancellation charges charged by Escrow Agent and Title Company. If the Closing fails to occur for any reason other than either Party’s Default, each Party will pay one-half of any ordinary and reasonable Escrow and title order cancellation charges charged by Escrow Agent and Title Company.‌

Appears in 1 contract

Sources: Real Property Purchase and Sale Agreement

Escrow Cancellation Charges. If, due to the City’s Default under this Agreement, the Closing does not occur, the City will shall pay any ordinary and reasonable Escrow and title order cancellation charges charged by Escrow Agent and Title Company. If, due to CSU’s Default under this Agreement, the Closing does not occur, CSU will shall pay any ordinary and reasonable Escrow and title order cancellation charges charged by Escrow Agent and Title Company. If the Closing fails to occur for any reason other than either Party’s Default, each Party will shall pay one-one- half of any ordinary and reasonable Escrow and title order cancellation charges charged by Escrow Agent and Title Company.‌

Appears in 1 contract

Sources: Purchase and Sale Agreement

Escrow Cancellation Charges. If, due to the City’s Default under this Agreement, the Closing does not occur, the City will shall pay any ordinary and reasonable Escrow and title order cancellation charges charged by Escrow Agent and Title Company. If, due to CSU’s Default under this Agreement, the Closing does not occur, CSU will shall pay any ordinary and reasonable Escrow and title order cancellation charges charged by Escrow Agent and Title Company. If the Closing fails to occur for any reason other than either Party’s Default, each Party will shall pay one-one- half of any ordinary and reasonable Escrow and title order cancellation charges charged by Escrow Agent and Title Company.‌Company.

Appears in 1 contract

Sources: Purchase and Sale Agreement