Failure to Close. If a seller or lessor in an agreement made on behalf of Buyer fails to close such agreement, with no fault on the part of Buyer, the Buyer shall have no obligation to pay the compensation provided for in Section 5. If such transaction fails to close because of any fault on the part of Buyer, such compensation will not be waived, but will be due and payable immediately. In no case shall Brokerage Company or Buyer’s Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.
Appears in 6 contracts
Sources: Exclusive Right to Acquire Contract, Exclusive Right to Acquire Contract, Exclusive Buyer Representation Contract
Failure to Close. If a seller or lessor in an agreement made on behalf of Buyer fails to close such agreement, with no fault on the part of Buyer, the Buyer shall have no obligation to pay the compensation provided for in Section 56. If such transaction fails to close because of any fault on the part of Buyer, such compensation will not be waived, but will be due and payable immediately. In no case shall Brokerage Company or Buyer’s Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.
Appears in 3 contracts
Sources: Buyer Representation Contract, Buyer Representation Contract, Buyer Representation Contract
Failure to Close. If a seller or lessor in an agreement made on behalf of Buyer fails to close such agreement, with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the compensation provided for in Section 53. If such transaction fails to close because of any fault on the part of Buyer, such compensation will not be waived, but will be due and payable immediately. In no case shall Brokerage Company Sponsoring Broker or Buyer’s ▇▇▇▇▇'s Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.
Appears in 2 contracts
Sources: Non Exclusive Buyer Representation Contract, Non Exclusive Buyer Representation Contract
Failure to Close. If a seller or lessor in an agreement made on behalf of Buyer fails to close such agreement, with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the compensation provided for in Section 58. If such transaction fails to close because of any fault on the part of Buyer, such compensation will not be waived, but will be due and payable immediately. In no case shall Brokerage Company Sponsoring Broker or Buyer’s ▇▇▇▇▇'s Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.
Appears in 1 contract
Failure to Close. If a seller or lessor in an agreement made on behalf of Buyer ▇▇▇▇▇ fails to close such agreement, with no fault on the part of Buyer, the Buyer shall have no obligation to pay the compensation provided for in Section 53. If such transaction fails to close because of any fault on the part of Buyer, such compensation will not be waived, but will be due and payable immediately. In no case shall Brokerage Company Sponsoring Broker or Buyer’s ▇▇▇▇▇'s Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.
Appears in 1 contract