Common use of Form; Failure to Deposit Clause in Contracts

Form; Failure to Deposit. The Earnest Money and Independent Consideration shall be in the form o▇ ▇ ▇▇▇tified or cashier's check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Earnest Money or the Independent Consideration within the time per▇▇▇▇ ▇▇quired, Seller may terminate this Agreement by written notice to Purchaser, in which event any Earnest Money that has previously been deposited by Purchaser with ▇▇▇▇▇▇ Agent shall be delivered to Seller 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 Earnest Money and Independent Consideration shall be in the form o▇ ▇▇▇ ▇▇▇tified m of a certified or cashier's check or the wire transfer to Escrow Agent of immediately available U.S. federal funds. If Purchaser fails to timely deposit any portion of the Earnest Money or the Independent Consideration within the time per▇t▇▇▇ ▇▇quired▇iods required, Seller may terminate this Agreement by written notice to Purchaser, in which event any Earnest Money that has previously been deposited by Purchaser with pre▇▇▇▇▇▇▇ been deposited by Purchaser with Escrow Agent shall be delivered to Seller 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.