Entitlement to Deposit. (a) If Completion occurs, the Seller is entitled to receive the Deposit from the Deposit Holder. (b) If this Agreement is terminated where the Buyer has not defaulted, the Buyer is entitled to a refund of the Deposit. (c) If this Agreement is terminated where the Buyer has defaulted, the Seller is entitled to receive the Deposit from the Deposit Holder.
Appears in 8 contracts
Samples: Contract of Sale of Water Allocation, Contract of Sale, Contract of Sale of Water Allocation
Entitlement to Deposit. (a) If Subject to clause 8.3, if Completion occurs, the Seller is entitled to receive the Deposit from the Deposit Holder.
(b) If this Agreement is terminated where the Buyer has not defaulted, the Buyer is entitled to a refund of the Deposit.
(c) If this Agreement is terminated where the Buyer has defaulted, the Seller is entitled to receive the Deposit from the Deposit Holder.
Appears in 1 contract
Samples: Contract of Sale
