AZREB.com | Real Estate Clauses

Failure of Contingencies

If this Agreement is terminated because of the failure of one or more of the above contingencies to occur within the time period specified, the Earnest Money Deposit together with interest earned thereon shall be refunded in full to Buyer and neither party shall have any further obligation to the other. The foregoing contingencies may be waived at any time by the party for whom the contingency benefits at any time, in which case the waived contingency or contingencies shall be deemed satisfied.

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