Common use of Failure of Seller Closing Condition Clause in Contracts

Failure of Seller Closing Condition. If Seller determines, in Seller's reasonable discretion that any of the above Seller Closing Conditions cannot be met to Seller's satisfaction prior to Closing, then Seller may terminate this Contract by written notice to Purchaser, whereupon this Contract will be terminated, Seller will retain the Independent Consideration, and Title Company will, provided that Seller is not in default hereunder beyond applicable cure periods, release the ▇▇▇▇▇▇▇ Money and any Extension Fee on deposit to Seller, and thereafter neither Seller nor Purchaser will have any continuing rights or obligations hereunder other than Purchaser's indemnity of Seller as provided in Section 5.

Failure of Seller Closing Condition. If Seller determines, in Seller's ’s reasonable discretion that any of the above Seller Closing Conditions cannot be met to Seller's ’s satisfaction prior to Closing, then Seller may terminate this Contract by written notice to Purchaser, whereupon this Contract will be terminated, Seller will retain the Independent Consideration, and Title Company will, provided that Seller is not in default hereunder beyond applicable cure periods, release the ▇▇▇▇▇▇▇ Money and any Extension Fee on deposit to Seller, and thereafter neither Seller nor Purchaser will have any continuing rights or obligations hereunder other than Purchaser's ’s indemnity of Seller as provided in Section 5.

Failure of Seller Closing Condition. If Seller determines, in Seller's reasonable discretion direction, that any of the above Seller Closing Conditions cannot be met to Seller's satisfaction prior to Closing, then Seller may terminate this Contract by written notice to Purchaser, whereupon this Contract will be terminated, Seller will not retain the Independent Consideration, and Title Company will, provided that Seller is not in default hereunder beyond applicable cure periods, release will refund the ▇▇▇▇▇▇▇ Money and any Extension Fee on deposit to Seller, and thereafter neither Seller nor Purchaser will have any continuing rights or obligations hereunder other than Purchaser's indemnity of Seller as provided in Section 5.