Common use of IF BUYER DEFAULTS Clause in Contracts

IF BUYER DEFAULTS. If Buyer defaults in performance under this Agreement, as Seller’s sole legal 52 recourse, Seller may retain, as liquidated damages, the EMD. In this respect, the Parties agree that Seller’s actual damages 53 would be difficult to measure and that the EMD is in fact a reasonable estimate of the damages that Seller would suffer as a 54 result of Buyer’s default. Seller understands that any additional deposit not considered part of the EMD in Section 1(B) herein 55 will be immediately released by ESCROW HOLDER to Buyer. 56 Instructions to Escrow

IF BUYER DEFAULTS. If Buyer defaults in performance under this Agreement, as Seller’s sole legal 52 20 recourse, Seller may retain, as liquidated damages, the EMD. In this respect, the Parties agree that Seller’s actual damages 53 21 would be difficult to measure and that the EMD is in fact a reasonable estimate of the damages that Seller would suffer as a 54 22 result of Buyer’s default. Seller understands that any additional deposit not considered part of the EMD in Section 1(B) herein 55 23 will be immediately released by ESCROW HOLDER to Buyer. 56 24 Instructions to Escrow

IF BUYER DEFAULTS. If Buyer defaults in performance under this Agreement, as Seller’s sole legal 52 33 recourse, Seller may retain, as liquidated damages, the EMD. In this respect, the Parties agree that SellerXxxxxx’s actual damages 53 would be 34 difficult to measure and that the EMD is in fact a reasonable estimate of the damages that Seller Xxxxxx would suffer as a 54 result of BuyerXxxxx’s 35 default. Seller understands that any additional deposit not considered part of the EMD in Section 1(B) herein 55 will be immediately 36 released by ESCROW HOLDER to Buyer. 56 Instructions to Escrow37

IF BUYER DEFAULTS. If Buyer defaults in performance under this Agreement, as Seller’s sole legal 52 53 recourse, Seller may retain, as liquidated damages, the EMD. In this respect, the Parties agree that Seller’s actual damages 53 would 54 be difficult to measure and that the EMD is in fact a reasonable estimate of the damages that Seller would suffer as a 54 result of 55 Buyer’s default. Seller understands that any additional deposit not considered part of the EMD in Section 1(B) herein 55 will be 56 immediately released by ESCROW HOLDER to Buyer. 56 Instructions to Escrow