Common use of Form; Failure to Deposit Clause in Contracts

Form; Failure to Deposit. The E▇▇▇▇▇▇ Money shall be in the form of a certified or cashier’s check or the wire transfer to Title Company of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the E▇▇▇▇▇▇ Money within the time periods required, Seller may terminate this Agreement by written notice to Purchaser, in which event any E▇▇▇▇▇▇ Money that has previously been deposited by Purchaser with Title Company shall be immediately returned to Purchaser and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

Form; Failure to Deposit. The E▇▇▇▇▇▇ Money Deposit shall be in the form of a certified or cashier’s check or the wire transfer to Title Company Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the E▇▇▇▇▇▇ Money Deposit within the time periods required, Seller may terminate this Agreement by written notice to Purchaser, in which event any E▇▇▇▇▇▇ Money Deposit that has previously been deposited by Purchaser with Title Company Escrow Agent shall be immediately returned delivered to Purchaser and thereafter the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.