Default by VENDOR. If the Vendor shall, otherwise than by reason of the default of the Purchaser, fail to complete the sale of the Sale Share, to the Purchaser hereunder on the Completion Date, the Vendor shall forthwith (in addition and without prejudice to any other rights or remedies available to the Purchaser) return to the Purchaser, the deposit and all or any part of the Consideration paid by the Purchaser pursuant to Clause 3. The provisions hereof shall not preclude the Purchaser from obtaining an order for specific performance and/or damages in lieu of or in addition to the remedies provided herein.
Appears in 3 contracts
Samples: Sale and Purchase Agreement (Industries International Inc), Sale and Purchase of Shares (China Finance, Inc.), Sale and Purchase of Shares (Kubla Khan Inc)
Default by VENDOR. If the Vendor shall, shall otherwise than by reason of the default of the Purchaser, Purchaser fail to complete the sale of the Sale Share, to the Purchaser hereunder on the Completion Date, the Vendor shall forthwith (in addition and without prejudice to any other rights or remedies available to the Purchaser) return to the Purchaser, the deposit and all or any part of the Consideration Price paid by the Purchaser pursuant to Clause 32. The provisions hereof shall not preclude the Purchaser from obtaining an order for specific performance and/or damages in lieu of or in addition to the remedies provided herein.
Appears in 1 contract
Samples: Agreement for Sale of Shares (Qiao Xing Universal Telephone Inc)
