Common use of Failure of Conditions to Close of Escrow Clause in Contracts

Failure of Conditions to Close of Escrow. In the event any of the conditions set forth in Paragraph 10.1 or Paragraph 10.2 are not timely satisfied or waived, for a reason other than the default of Buyer or Seller under this Agreement: 10.3.1 This Agreement, the Escrow and the rights and obligations of Buyer and Seller shall terminate, except as otherwise provided herein; and 10.3.2 Escrow Holder is hereby instructed to promptly return to Seller and Buyer all funds and documents deposited by them (including the return of the ▇▇▇▇▇▇▇ Money to Buyer), respectively, into Escrow which are held by Escrow Holder on the date of said termination (less, in the case of the party otherwise entitled to such funds, however, the amount of any cancellation charges required to be paid by such party).

Failure of Conditions to Close of Escrow. In the event any ---------------------------------------- of the conditions set forth in Paragraph 10.1 6.1 or Paragraph 10.2 6.2 are not timely satisfied or waived, for a reason other than the default of Buyer or Seller under this Agreement: 10.3.1 6.3.1 This Agreement, the Escrow and the rights and obligations of Buyer and Seller shall terminate, except as otherwise provided herein; and 10.3.2 6.3.2 Escrow Holder is hereby instructed to promptly return to Seller and Buyer all funds and documents deposited by them (including the return of the ▇▇▇▇▇▇▇ Money to Buyer)them, respectively, into Escrow which are held by Escrow Holder on the date of said termination (less, in the case of the party otherwise entitled to such funds, however, the amount of any cancellation charges required to be paid by such partyparty under Paragraph 6.4).