Failure to Consummate Closing by Buyer; Liquidated Damages Sample Clauses

Failure to Consummate Closing by Buyer; Liquidated Damages. Buyer and Seller understand that it would be impractical and difficult to determine the minimum detriment that Seller will suffer if Buyer breaches any term or provision of this Agreement or for any reason Buyer is unable or fails to consummate the transaction herein contemplated. In such event, Seller shall be entitled to retain Buyer’s Deposit because such remedy represents a reasonable estimate of the minimum detriment that Seller will suffer from, among other things, short-term market fluctuations and perceived impairments to the market value of the Loan resulting from Buyer’s breach or failure to consummate the transaction herein contemplated. The payment and performance of the remedy in this Section 3.6 is not intended to be a forfeiture or penalty within the meaning of applicable law. Notwithstanding anything herein to the contrary, Seller also shall be entitled to retain Buyer’s Deposit if Seller does not receive a Termination Notice prior to the expiration of the Due Diligence Period.
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Failure to Consummate Closing by Buyer; Liquidated Damages

  • Conditions to the Obligation of the Company to Consummate the Closing The obligation of the Company to consummate the Closing and to issue and sell to the Investor the Shares to be purchased by it at the Closing is subject to the satisfaction of the following conditions precedent:

  • Conditions to Purchaser’s Obligation to Close The obligations of Purchaser to consummate the Transaction shall be subject to the satisfaction, on or prior to the Closing Date, of each of the following conditions, any of which may be waived by Purchaser in writing:

  • Conditions to Seller’s Obligation to Close The obligation of the Seller to convey the Property to the Purchaser is subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • Conditions to Buyer’s Obligation to Close ‌ The obligations of Buyer to effect the transactions contemplated in this Agreement are subject to the satisfaction or waiver by Buyer on or prior to the Closing Date of each of the following conditions:

  • CONDITIONS TO THE PURCHASER’S OBLIGATION TO CLOSE The obligation of the Purchaser to acquire the Property shall be subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • CONDITIONS PRECEDENT TO PURCHASER'S OBLIGATION TO CLOSE Purchaser’s obligation to purchase the Assets and to take the other actions required to be taken by Purchaser at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by Purchaser, in whole or in part, in writing):

  • Conditions to The Buyer’s Obligation to Purchase The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

  • CONDITIONS TO BUYER'S OBLIGATION TO PURCHASE The obligation of Buyer to purchase the Securities at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for Buyer's sole benefit and may be waived by Buyer at any time in their sole discretion:

  • CONDITIONS PRECEDENT TO THE BUYER’S OBLIGATION TO PURCHASE The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!