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 33 recourse, Seller may retain, as liquidated damages, the EMD. In this respect, the Parties agree that Xxxxxx’s actual damages would be 34 difficult to measure and that the EMD is in fact a reasonable estimate of the damages that Xxxxxx would suffer as a result of Xxxxx’s 35 default. Seller understands that any additional deposit not considered part of the EMD in Section 1(B) herein will be immediately 36 released by ESCROW HOLDER to Buyer. Instructions to Escrow 37

IF BUYER DEFAULTS. If Buyer defaults in performance under this Agreement, as Seller’s sole legal 33 53 recourse, Seller may retain, as liquidated damages, the EMD. In this respect, the Parties agree that XxxxxxSeller’s actual damages would 54 be 34 difficult to measure and that the EMD is in fact a reasonable estimate of the damages that Xxxxxx Seller would suffer as a result of Xxxxx55 Buyer’s 35 default. Seller understands that any additional deposit not considered part of the EMD in Section 1(B) herein will be 56 immediately 36 released by ESCROW HOLDER to Buyer. Instructions to Escrow 37Escrow

IF BUYER DEFAULTS. If Buyer defaults in performance under this Agreement, as Seller’s sole legal 33 20 recourse, Seller may retain, as liquidated damages, the EMD. In this respect, the Parties agree that XxxxxxSeller’s actual damages 21 would be 34 difficult to measure and that the EMD is in fact a reasonable estimate of the damages that Xxxxxx Seller would suffer as a 22 result of XxxxxBuyer’s 35 default. Seller understands that any additional deposit not considered part of the EMD in Section 1(B) herein 23 will be immediately 36 released by ESCROW HOLDER to Buyer. 24 Instructions to Escrow 37Escrow

IF BUYER DEFAULTS. If Buyer defaults in performance under this Agreement, as Seller’s sole legal 33 52 recourse, Seller may retain, as liquidated damages, the EMD. In this respect, the Parties agree that XxxxxxSeller’s actual damages 53 would be 34 difficult to measure and that the EMD is in fact a reasonable estimate of the damages that Xxxxxx Seller would suffer as a 54 result of XxxxxBuyer’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 Escrow 37Escrow