Common use of Default of Purchaser Clause in Contracts

Default of Purchaser. If the Purchaser fails to provide the Consideration at Completion or otherwise fails to comply with any of the terms of this Agreement then the Vendors in addition to any other right which may be conferred upon them pursuant to this Agreement or at law or at equity may: (a) terminate the contract, declare the deposit forfeited and xxx for damages; or (b) affirm the Contract and xxx the Purchaser for specific performance of the Contract and damages in addition to or instead of damages for breach.

Appears in 2 contracts

Samples: Sale & Purchase of Shares (Novagen Solar Inc.), Sale & Purchase of Shares (Novagen Solar Inc.)

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Default of Purchaser. If the Purchaser fails to provide the Consideration at Completion or otherwise fails to comply with any of the terms of this Agreement Agreement, then the Vendors in addition to any other right which may be conferred upon them pursuant to this Agreement or at law or at equity may: (a) terminate the contract, declare the deposit forfeited and xxx for damages; or (b) affirm the Contract and xxx the Purchaser for specific performance of the Contract and damages in addition to or instead of damages for breach.

Appears in 2 contracts

Samples: Agreement for Sale & Purchase of Shares (Novagen Ingenium Inc.), Agreement for Sale & Purchase of Shares (Novagen Ingenium Inc.)

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Default of Purchaser. If the Purchaser fails to provide the Consideration at Completion or otherwise fails to comply with any of the terms of this Agreement Agreement, then the Vendors in addition to any other right which may be conferred upon them pursuant to this Agreement or at law or at equity may: (a) terminate the contract, declare the deposit forfeited and xxx for damages; or (b) affirm the Contract and xxx the Operator, Asset Purchaser or Parent for specific performance of the Contract and damages in addition to or instead of damages for breach.

Appears in 2 contracts

Samples: Operating Agreement (Novagen Ingenium Inc.), Operating Agreement (Novagen Ingenium Inc.)

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