Common use of Buyer Elects to Terminate Clause in Contracts

Buyer Elects to Terminate. If Buyer elects to terminate this Agreement with respect to the affected Property by delivering written notice thereof to Seller, then this Agreement shall terminate with respect to the affected property, the applicable portion of the Deposit allocated to such terminated Property shall be returned to Buyer and neither party shall have any further rights or obligations hereunder with respect to the terminated Property, except for those which expressly survive any such termination.

Buyer Elects to Terminate. If Buyer elects to terminate this Agreement with respect to the affected Property by timely delivering written notice thereof to Seller, then this Agreement shall terminate with respect to the affected property, Property and the applicable portion of the Deposit allocated to such terminated Property shall be returned to Buyer and neither party shall have any further rights or obligations hereunder with respect to the such terminated Property, except for those which expressly survive any such termination.