Common use of Default by the Seller Clause in Contracts

Default by the Seller. In the event the close of escrow and consummation of the transaction contemplated do not occur due to any default by Seller, Purchaser and Seller agree that it would be impracticable and extremely difficult to estimate the damages which Purchaser may suffer. Accordingly, Purchaser and Seller hereby agree that a reasonable estimate of the total net detriment that Purchaser would suffer if Seller defaults and fails to complete the purchase of all or a portion of Seller’s initials Purchaser’s initials

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

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