Common use of BREACH OF REPRESENTATIONS, WARRANTIES AND COVENANTS Clause in Contracts

BREACH OF REPRESENTATIONS, WARRANTIES AND COVENANTS. The Seller agrees to notify the Purchaser upon acquiring knowledge that any of Seller's representations, warranties or covenants contained herein do not remain true as of the date of Closing. Purchaser shall have the right to terminate this Agreement for a material breach and receive the refund of the deposit and any interest earned thereon. However, if Seller fails to notify Purchaser upon acquiring such knowledge, notwithstanding the provisions of 8.2 above, Seller shall indemnify Purchaser for all reasonable costs incurred as a result of the failure of any of Seller's representations, warranties or covenants contained herein to remain true as of the date of closing.

BREACH OF REPRESENTATIONS, WARRANTIES AND COVENANTS. The Seller agrees to notify the Purchaser upon acquiring knowledge that any of Seller's representations, warranties or covenants contained herein do not remain true as of the date of Closing. Purchaser shall have the right to terminate this Agreement for a material breach and receive the refund re(pound)und of the deposit and any interest earned thereon. However, if Seller fails to notify Purchaser upon acquiring such knowledge, notwithstanding the provisions of 8.2 above, Seller shall indemnify Purchaser for all reasonable costs incurred as a result of the failure of any of Seller's representations, warranties or covenants contained herein to remain true as of the date of closing.