Buyer’s Objection Notice. BUYER SHALL HAVE A PERIOD OF TWENTY (20) DAYS FROM THE DATE OF RECEIPT OF SELLER’S TERMINATION NOTICE IN WHICH TO GIVE A WRITTEN OBJECTION NOTICE TO ESCROW HOLDER (WITH A COPY TO SELLER) (“BUYER’S OBJECTION NOTICE”) THAT BUYER OBJECTS EITHER: (i) TO SELLER’S TERMINATION OF THIS AGREEMENT; OR (ii) TO THE AMOUNT OF LIQUIDATED DAMAGES TO BE REMITTED TO SELLER. UNLESS BUYER’S OBJECTION NOTICE CLEARLY STATES THAT BUYER OBJECTS TO SELLER’S TERMINATION OF THIS AGREEMENT AND THAT BUYER INTENDS TO DILIGENTLY PURSUE THE PURCHASE OF THE PROPERTY, BUYER SHALL BE DEEMED TO OBJECT SOLEY TO THE AMOUNT OF LIQUIDATED DAMAGES CLAIMED BY SELLER AND THE PARITES SHALL HAVE NO FURTHER RIGHTS OR OBLIGATIONS WITH RESPECT TO THE PROPERTY UNDER THIS AGREEMENT.
Appears in 6 contracts
Samples: Joint Purchase Agreement, Joint Purchase Agreement, Joint Purchase Agreement
