Common use of Breach by Seller Clause in Contracts

Breach by Seller. Without prejudice to the provisions of Clause 9.5 above, in the event the Seller fail and/or neglect to deliver possession of the Said Flat And Appurtenances within the Extended Period, this Agreement shall, at the option of the Buyer, stand cancelled and/or rescinded, upon which the Seller shall refund to the Buyer all payments received till that date, with interest calculated @ 12% (twelve percent) per annum. If the Buyer opts not to cancel this Agreement, then no interest shall be payable by the Seller.

Breach by Seller. Without prejudice to the provisions of Clause 9.5 above, in the event the Seller fail fails and/or neglect neglects to deliver possession of the Said Flat Unit And Appurtenances within the Extended Period, this Agreement shall, at the option of the BuyerBuyers, stand cancelled and/or rescinded, upon which the Seller shall refund to the Buyer Buyers all payments received till that date, date with normal savings bank interest calculated @ 12% (twelve percent) per annum. If the Buyer opts not to cancel this Agreement, then no interest shall be payable by the Sellerprevails at that time only.

Breach by Seller. Without prejudice to the provisions of Clause 9.5 above, in the event the Seller fail fails and/or neglect neglects to deliver possession of the Said Flat And Appurtenances within the Extended Period, this Agreement shall, at the option of the Buyer, stand cancelled and/or rescinded, upon which the Seller shall refund to the Buyer all payments received till that date, with interest calculated @ 12% (twelve percent) per annum. If the Buyer opts not to cancel this Agreement, then no interest shall be payable by the Seller.

Breach by Seller. Without prejudice to the provisions of Clause 9.5 above, in the event the Seller fail fails and/or neglect neglects to deliver possession of the Said Flat Unit And Appurtenances within the Extended Period, this Agreement shall, at the option of the Buyer, stand cancelled and/or rescinded, upon which the Seller shall refund to the Buyer all payments received till that date, with interest calculated @ 12% (twelve percent) per annum. If the Buyer opts not to cancel this Agreement, then no interest shall be payable by the Seller.

Breach by Seller. Without prejudice to the provisions of Clause 9.5 above, in the event the Seller fail Owner No. 2/Developer fails and/or neglect neglects to deliver possession of the Said Flat And Appurtenances within the Extended Period, this Agreement shall, at the option of the Buyer, stand cancelled and/or rescinded, upon which the Seller Owner No. 2/Developer shall refund to the Buyer all payments received till that date, with interest calculated @ 12% (twelve percent) per annum. If the Buyer opts not to cancel this Agreement, then no interest shall be payable by the SellerOwner No. 2/Developer.