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 fails and/or neglects to deliver possession of the Said Unit And Appurtenances within the Extended Period, this Agreement shall, at the option of the Buyers, stand cancelled and/or rescinded, upon which the Seller shall refund to the Buyers all payments received till that date with normal savings bank interest prevails at that time only.

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within the Extended Period, this Agreement shall, at the option of the BuyersBuyer, stand cancelled and/or rescinded, upon which the Seller shall refund to the Buyers Buyer all payments received till that date date, with normal savings bank interest prevails at that time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within the Extended Period, this Agreement shall, at the option of the BuyersBuyer, stand cancelled and/or rescinded, upon which the Seller shall refund to the Buyers Buyer all payments received till that date date, with normal savings bank interest prevails at that time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within the Extended Period, this Agreement shall, at the option of the BuyersBuyer, stand cancelled and/or rescinded, upon which the Seller shall refund to the Buyers Buyer all payments received till that date date, with normal savings bank interest prevails at that time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