Buyer’s Default; Seller’s Remedies. Buyer shall be deemed to be in ---------------------------------- default if, in respect to the transaction contemplated by this Agreement, at the Closing, Buyer fails to deliver the Purchase Price or Buyer fails to meet, comply with, or perform any covenant, agreement or obligation on the part of Buyer within the time frames and in the manner required in this Agreement, for any reason other than a default by Seller hereunder or termination of this Agreement prior to Closing in accordance with the express terms and conditions hereof. Seller's remedies shall be limited to the remedies set forth in SECTION 2.4
Appears in 2 contracts
Samples: Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md), Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md)
Buyer’s Default; Seller’s Remedies. Buyer shall be deemed to be in ---------------------------------- default if, in respect to the transaction contemplated by this Agreement, at the Closing, Buyer fails to deliver the Purchase Price or Buyer fails to meet, comply with, or perform any covenant, agreement or obligation on the part of Buyer within the time frames and in the manner required in this Agreement, for any reason other than a default by Seller hereunder or termination of this Agreement prior to Closing in accordance with the express terms and conditions hereof. Seller's remedies shall be limited to the remedies set forth in SECTION 2.4SECTIONE2.4 hereof. Any default by Buyer hereunder shall be deemed a default under each of the Additional
Appears in 1 contract
Samples: Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md)
Buyer’s Default; Seller’s Remedies. Buyer shall be deemed to be in ---------------------------------- default if, in respect to the transaction contemplated by this Agreement, at the Closing, Buyer fails to deliver the Purchase Price or Buyer fails to meet, comply with, or perform any covenant, agreement or obligation on the part of Buyer within the time frames and in the manner required in this Agreement, for any reason other than a default by Seller hereunder or termination of this Agreement prior to Closing in accordance with the express terms and conditions hereof. Seller's remedies shall be limited to the remedies remedy set forth in SECTION 2.42.4 hereof. Any default by Buyer hereunder shall be deemed a default under each of the Additional Property Agreements.
Appears in 1 contract
Samples: Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md)
