Credit Against Purchase Price. The amount of the Deposit will be applied to the Purchase Price at the Close of Escrow, but will be retained by Seller as its liquidated damages as provided in Section 12.2 if Escrow fails to close as a result of Buyer's default.
Appears in 5 contracts
Samples: Purchase Agreement (Aei Income & Growth Fund 23 LLC), Purchase Agreement (Aei Net Lease Income & Growth Fund Xix Limited Partnership), Purchase Agreement (Aei Net Lease Income & Growth Fund Xx Limited Partnership)
