If Buyer Plans to Pay Cash. If Buyer plans to pay the Total Purchase Price in cash, without using a loan, Buyer will, within fifteen (15) business days after Seller signs this Agreement, give Seller documents satisfactory to Seller in Seller's sole judgment, of Buyer's ability to pay in cash, when due, the payments set forth in Article III, Section E of this Agreement. Such documents shall include, but shall not be limited to, a recent certified financial statement of Xxxxx's net worth and cash on hand and such other written documents from Xxxxx's bankers, accountants, or other person, that Seller may require. If Buyer fails to provide to Seller, by the deadline specified in this section, documents of Buyer’s ability to pay in cash, when due, the payments set forth in Article III, Section E of this Agreement, Seller shall have the right to cancel this Agreement and hold Buyer in default under this Agreement; provided further that upon default of Buyer and the cancellation of this Agreement, Seller shall be entitled to retain all sums paid hereunder as liquidated damages as provided in Article V, Section G.1 hereof.
Appears in 19 contracts
Samples: Sales Agreement, Sales Agreement, Sales Agreement
