Buyer’s Obligation re Liquidated Damages Sample Clauses

Buyer’s Obligation re Liquidated Damages. SELLER’S AGREEMENT TO ACCEPT LIQUIDATED DAMAGES IN THE EVENT OF BUYER’S DEFAULT IS EXPRESSLY SUBJECT TO AND CONDITIONED UPON BUYER’S PROMPT EXECUTION FOLLOWING ANY SUCH DEFAULT OF INSTRUCTIONS TO CANCEL ESCROW, BUYER’S IMMEDIATE PAYMENT OF LIQUIDATED DAMAGES AS PROVIDED ABOVE AND WAIVER OF ANY CLAIMS AGAINST SELLER OR THE PROPERTIES, IN ORDER THAT SELLER MAY REMARKET THE PROPERTIES TO AN ALTERNATE PURCHASER IN THE EVENT BUYER FAILS TO PERFORM HEREUNDER. THEREFORE, IN THE EVENT BUYER FAILS TO PERFORM, AND DISPUTES SELLER’S RIGHT TO LIQUIDATED DAMAGES OR FAILS OR REFUSES TO ACKNOWLEDGE THAT BUYER HAS NO FURTHER INTEREST IN THE PROPERTIES OR ANY OF THEM, SELLER SHALL HAVE THE RIGHT IN LIEU OF ACCEPTING LIQUIDATED DAMAGES, TO PURSUE AND PROVE ITS ACTUAL DAMAGES.
AutoNDA by SimpleDocs

Related to Buyer’s Obligation re Liquidated Damages

  • Seller's Obligation The obligation of Seller to sell and deliver the Shares to Buyer is subject to the satisfaction (or waiver by Seller) as of the Closing of the following conditions:

  • Seller’s Obligations at Closing At Closing, Seller shall:

  • BUYER'S OBLIGATIONS AT CLOSING At the Closing, Buyer shall deliver or cause to be delivered to Seller:

  • Conditions to Seller’s Obligation to Close The obligation of the Seller to convey the Property to the Purchaser is subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • CONDITIONS TO THE PURCHASER’S OBLIGATION TO CLOSE The obligation of the Purchaser to acquire the Property shall be subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • Seller’s Obligations At Closing, Seller shall deliver or cause to be delivered to Buyer the following:

  • Conditions to Seller’s Obligation Seller's obligation to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • Buyer’s Obligations At Closing, Buyer shall deliver or cause to be delivered to Seller the following:

  • Conditions to Purchaser’s Obligation to Close The obligation of Purchaser to Close under this Agreement is subject to each of the following conditions (any one of which may, at the option of Purchaser, be waived in writing by Purchaser) existing on the date of this Agreement, or such earlier date as the context may require.

  • Conditions to the Purchasers’ Obligation The obligation of each Purchaser to consummate the purchase of the Subordinated Notes to be purchased by them at Closing and to effect the Disbursement is subject to delivery by or at the direction of the Company to such Purchaser (or, with respect to the Indenture, the Trustee) each of the following (or written waiver by such Purchaser prior to the Closing of such delivery):

Time is Money Join Law Insider Premium to draft better contracts faster.