Common use of Defaults, Remedies and Indemnities Clause in Contracts

Defaults, Remedies and Indemnities. 13.1 In the event of a default or misrepresentation by Purchaser, Seller's sole remedy shall be to terminate this Contract and retain the Contract Deposit as liquidated damages, except there shall be no limitation on Seller's remedies for a breach of Par. 12.1. In case of Purchaser's misrepresentation or default, Seller's damages would be impossible to ascertain and the Contract Deposit constitutes a fair and reasonable amount of compensation.

Appears in 8 contracts

Samples: www.flatironabstractllc.com, www.allshoreabstract.com, newyorkncs.ctic.com

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Defaults, Remedies and Indemnities. 13.1 In the event of a default or misrepresentation by Purchaser, Seller's ’s sole remedy shall be to terminate this Contract and retain the Contract Deposit as liquidated damages, except there shall be no limitation on Seller's ’s remedies for a breach of Par. 12.1. In case of Purchaser's ’s misrepresentation or default, Seller's ’s damages would be impossible to ascertain and the Contract Deposit constitutes a fair and reasonable amount of compensation.

Appears in 4 contracts

Samples: federalstandardabstract.com, ww.etitleins.com, www.rgtitleagency.com

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Defaults, Remedies and Indemnities. 13.1 In the event of a default or misrepresentation by Purchaser, Seller's ’s sole remedy shall be to terminate this Contract and retain the Contract Deposit as liquidated damages, except there shall be no limitation on Seller's ’s remedies for a breach of Par. 12.112. 1 . In case of Purchaser's ’s misrepresentation or default, Seller's ’s damages would be impossible to ascertain and the Contract Deposit constitutes a fair and reasonable amount of compensation.

Appears in 1 contract

Samples: newyork.fntic.com

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