BUYER’S TERMINATION PRIOR TO CLOSING Sample Clauses

BUYER’S TERMINATION PRIOR TO CLOSING. If the BUYER terminates this Agreement prior to closing then the $100,000.00 deposit paid by BUYER to SELLERS shall be retained by the SELLERS as liquidated damages of SELLERS in recognition of the (i), loss of opportunity to market and sell the subject stock, and (ii) the sizeable legal expense incurred by SELLERS to negotiate and interact with BUYER representative concerning this Agreement.
Sample 1
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BUYER’S TERMINATION PRIOR TO CLOSING. If the Buyer terminates this Agreement prior to Closing for a reason other than (i) the failure of a Condition in this Agreement not subject to the provisions of Section 7.5 of this Agreement, (ii) Sacred Ground Resources, LLC.'s failure to close the real estate transaction with VCG Real Estate Holdings, Inc., or (iii) a material change in the character of the assets involved in this transaction or a material change in the real estate located at 1902 N. Black Canyon Freeway, Phoenix, Arizona, then, as a condition precedent to such termination, Buyer shall pay Seller, as Seller's liquidated damages (a) all of Seller's attorneys' fees (not to exceed $20,000.00) incurred in the negotiation and drafting of documents relating to the transaction contemplated by this Agreement and the real estate purchase agreement by and between VCG Real Estate Holdings, Inc., as the buyer, and Sacred Ground Resources L.L.C., as the seller, and (ii) a sum equal to the mortgage payments paid by Sacred Ground Resources L.L.C. for the Property for the months of January, 2003 through the month in which Buyer elects to terminate and pays these amounts, or (b) specific performance.
Sample 1

Related to BUYER’S TERMINATION PRIOR TO CLOSING

  • Termination Prior to Closing This Agreement may be terminated at any time prior to the Closing:

  • Events Prior to Closing (a) Upon execution hereof or as soon thereafter as practical, management of AAI and QMT shall execute, acknowledge and deliver (or shall cause to be executed, acknowledged and delivered) any and all certificates, opinions, financial statements, schedules, agreements, resolutions, rulings or other instruments required by this Agreement to be so delivered, together with such other items as may be reasonably requested by the parties hereto and their respective legal counsel in order to effectuate or evidence the transactions contemplated hereby, subject only to the conditions to Closing referenced hereinbelow.

  • COVENANTS PRIOR TO CLOSING 37 7.1 Access and Cooperation; Due Diligence...........................37 7.2 Conduct of Business Pending Closing.............................38 7.3

  • ACTION PRIOR TO THE CLOSING DATE The respective parties hereto covenant and agree to take the following actions between the date hereof and the Closing Date:

  • Actions Prior to Closing From the date hereof until the Closing Date, Contributor shall not take any action or fail to take any action the result of which could (1) have a material adverse effect on the Contributed Interests or the Operating Partnership’s ownership thereof, or any Material Adverse Effect on any Contributed Entity or Property after the Closing Date or (2) cause any of the representations and warranties contained in this Section 2.2 to be untrue as of the Closing Date.

  • Seller Closing Deliveries No later than 1 Business Day prior to the Closing Date, Seller shall deliver to Escrow Agent, each of the following items:

  • Buyer Closing Deliveries At the Closing, Buyer shall deliver or cause to be delivered the following:

  • Purchaser Closing Deliveries At the Closing, Purchaser shall deliver, or cause to be delivered, the following:

  • Seller Closing Deliverables At the Closing, Seller shall deliver or cause to be delivered to Buyer:

  • OBLIGATIONS PRIOR TO CLOSING From the date of this Agreement through the Closing:

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