Common use of Buyer Default Clause in Contracts

Buyer Default. If Xxxxx fails, neglects or refuses to perform Xxxxx’s obligations under this Contract, 356 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit for the account of Xxxxxx as agreed upon liquidated damages, consideration for execution of this 358 Contract, and in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under this Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by Xxxxx, shall be split equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share shall not be greater than the commission amount Listing Xxxxxx had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx Buyer fails, neglects or refuses to perform XxxxxBuyer’s obligations under this Contract, 356 321 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 322 Deposit for the account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 323 Contract, and in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 324 obligations under this Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 325 to enforce Seller’s rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall be split equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share shall not be greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx fails, neglects or refuses to perform Xxxxx’s obligations under this Contract, 356 431 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit 432 for the account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 Contract, and 433 in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under 434 this Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s 435 rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall 436 be split equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share 437 shall not be greater than the commission amount Listing Xxxxxx had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx Buyer fails, neglects or refuses to perform XxxxxBuyer’s obligations under this Contract, 356 427 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit 428 for the account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 Contract, and 429 in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under 430 this Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s 431 rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall 432 be split equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share 433 shall not be greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx Buyer fails, neglects or refuses to perform XxxxxBuyer’s obligations under this Contract, 356 367 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit 368 for the account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 Contract, and 369 in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under 370 this Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s 371 rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall 372 be split equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share 373 shall not be greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx fails, neglects or refuses to perform Xxxxx’s 's obligations under this Contract, 356 326 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit 327 for the account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 Contract, and 328 in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under this Contract, or Seller, at Seller’s 's option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s 's rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall be split equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s 's share shall not be greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx Buyer fails, neglects or refuses to perform XxxxxBuyer’s obligations under this Contract, 356 including 383 payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit for the 384 account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 Contract, and in full 385 settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under this 386 Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s rights 387 under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall be split 388 equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share shall not be 389 greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx fails, neglects or refuses to perform Xxxxx’s obligations under this Contract, 356 372 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit 373 for the account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 Contract, and 374 in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under 375 this Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s 376 rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall 377 be split equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share 378 shall not be greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx Buyer fails, neglects or refuses to perform XxxxxBuyer’s obligations under this Contract, 356 including 303 payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit for the 304 account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 Contract, and in full 305 settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under this 306 Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s rights 307 under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall be split 308 equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share shall not be 309 greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx Buyer fails, neglects or refuses to perform XxxxxBuyer’s obligations under this Contract, 356 including 313 payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit for the 314 account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 Contract, and in full 315 settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under this 316 Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s rights 317 under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall be split 318 equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share shall not be 319 greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx Buyer fails, neglects or refuses to perform XxxxxBuyer’s obligations under this Contract, 356 403 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 404 Deposit for the account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 405 Contract, and in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 406 obligations under this Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 407 to enforce Seller’s rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 408 default by XxxxxBuyer, shall be split equally between Listing Broker and Cooperating Broker; provided however, 362 409 Cooperating Broker’s share shall not be greater than the commission amount Listing Xxxxxx Broker had agreed to 410 pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx Buyer fails, neglects or refuses to perform XxxxxBuyer’s obligations under this Contract, 356 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit for the account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 Contract, and in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under this Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall be split equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share shall not be greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx Buyer fails, neglects or refuses to perform XxxxxBuyer’s obligations under this Contract, 356 including 380 payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit for the 381 account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 Contract, and in full 382 settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under this 383 Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s rights 384 under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall be split 385 equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share shall not be 386 greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx fails, neglects or refuses to perform Xxxxx’s obligations under this Contract, 356 321 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 322 Deposit for the account of Xxxxxx as agreed upon liquidated damages, consideration for execution of this 358 323 Contract, and in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 324 obligations under this Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 325 to enforce Seller’s rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by Xxxxx, shall be split equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share shall not be greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.

Buyer Default. If Xxxxx Buyer fails, neglects or refuses to perform XxxxxBuyer’s obligations under this Contract, 356 372 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 357 Deposit 373 for the account of Xxxxxx Seller as agreed upon liquidated damages, consideration for execution of this 358 Contract, and 374 in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 359 obligations under 375 this Contract, or Seller, at Seller’s option, may, pursuant to Paragraph 16, proceed in equity 360 to enforce Seller’s 376 rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 361 default by XxxxxBuyer, shall 377 be split equally between Listing Broker and Cooperating Broker; provided however, 362 Cooperating Broker’s share 378 shall not be greater than the commission amount Listing Xxxxxx Broker had agreed to pay 363 to Cooperating Broker.