BREACH AND CANCELLATION. 13.1 Should the Purchaser fail to pay any amount due and payable by it on due date or commit any other breach of the terms of this Agreement and remain in default 14 (fourteen) days after posting or emailing to it of a written notice calling upon it to pay or otherwise remedy such breach, the Seller shall be entitled to cancel this Agreement, in which event all monies paid by the Purchaser in terms of this Agreement shall be forfeited to the Seller as agreed liquidated damages in respect of the Purchaser’s breach of contract. This clause shall not prejudice any other right or action which the Seller may have against the Purchaser.
Appears in 3 contracts
Samples: Agreement of Sale, Agreement of Sale, Agreement of Sale
BREACH AND CANCELLATION. 13.1 12.1 Should the Purchaser fail to pay any amount due and payable by it on due date or commit any other breach of the terms of this Agreement and remain in default 14 (fourteenFOURTEEN) days after posting or emailing to it of a written notice calling upon it to pay or otherwise remedy such breach, the Seller shall be entitled to cancel this Agreement, in which event all monies paid by the Purchaser in terms of this Agreement shall be forfeited to the Seller as agreed liquidated damages in respect of the Purchaser’s breach of contract. This clause shall not prejudice any other right or action which the Seller may have against the Purchaser.
Appears in 1 contract
Samples: Agreement of Sale
