Common use of Failure to Close Clause in Contracts

Failure to Close. If a seller or lessor in an agreement made on behalf of ▇▇▇▇▇ fails to close such agreement, with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 8. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker or ▇▇▇▇▇'s Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 4 contracts

Sources: Non Exclusive Buyer Representation Contract, 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 ▇▇▇▇▇ with Buyer fails to close a transaction under such agreement, Agreement with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 8herein. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker Brokerage or ▇▇▇▇▇'s Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 2 contracts

Sources: Exclusive Buyer Representation Agreement, Exclusive Buyer Representation Agreement

Failure to Close. If a seller or lessor in an agreement made on behalf of ▇▇▇▇▇ fails to close such agreement, with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 87. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker or ▇▇▇▇▇'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 ▇▇▇▇▇ fails to close such agreement, with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 87. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker or ▇▇▇▇▇'s Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 1 contract

Sources: Exclusive Buyer Representation Contract

Failure to Close. If a seller or lessor in an agreement made on behalf of with ▇▇▇▇▇ fails to close a transaction under such agreement, Agreement with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 8herein. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker Brokerage or ▇▇▇▇▇'s Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 1 contract

Sources: Exclusive Buyer Representation Agreement

Failure to Close. If a seller or lessor in an agreement made on behalf of ▇▇▇▇▇ fails to close such agreement, with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 87. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Broker or ▇▇▇▇▇'s Designated Agent be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 1 contract

Sources: Real Estate Representation Agreement

Failure to Close. If a seller or lessor in an agreement made on behalf of ▇▇▇▇▇ with Buyer fails to close a transaction under such agreement, Agreement with no fault on the part of the Buyer, the Buyer shall have no obligation to pay the commission provided for in Section 8herein. If such transaction fails to close because of any fault on the part of Buyer, such commission will not be waived, but will be due and payable immediately. In no case shall Sponsoring Managing Broker or ▇▇▇▇▇'s Designated Agent Broker be obligated to advance funds for the benefit of Buyer in order to complete a closing.

Appears in 1 contract

Sources: Non Exclusive Buyer Representation Contract