Common use of Buyer Default Clause in Contracts

Buyer Default. If Buyer defaults, Seller may elect one of the following remedies: (a) cancel the REPC and retain the Xxxxxxx Money Deposit, or Deposits, if applicable, as liquidated damages; (b) maintain the Xxxxxxx Money Deposit, or Deposits, if applicable, in trust and xxx Buyer to specifically enforce the REPC; or (c) return the Xxxxxxx Money Deposit, or Deposits, if applicable, to Buyer and pursue any other remedies available at law.

Buyer Default. If Buyer defaults, Seller may elect one of the following remedies: (a) cancel the REPC and retain the Xxxxxxx Money Deposit, or Deposits, if applicable, as liquidated damages; (b) maintain the Xxxxxxx Money Deposit, or Deposits, if applicable, in trust and xxx sue Buyer to specifically enforce the REPC; or (c) return the Xxxxxxx Money Deposit, or Deposits, if applicable, to Buyer and pursue any other remedies available at law.