Common use of If Seller is in Default Clause in Contracts

If Seller is in Default. Buyer may elect to treat this contract as canceled, in which case all payments and things of value received hereunder shall be returned and Buyer may recover such damages as may be proper, or Buyer may elect to treat this contract as being in full force and effect and Buyer shall have the right to specific performance or damages, or both.

Appears in 8 contracts

Samples: Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate, Contract to Buy and Sell Real Estate

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If Seller is in Default. Buyer may elect to treat this contract as canceledcancelled, in which case all payments and things of value received hereunder shall be returned and Buyer may recover such damages as may be proper, or Buyer may elect to treat this contract as being in full force and effect and Buyer shall have the right to specific performance or damages, or both.

Appears in 4 contracts

Samples: Commercial Contract to Buy and Sell Real Estate (Southshore Corp /Co), Commercial Contract to Buy and Sell Real Estate (Lady Luck Gaming Corp), Contract to Buy and Sell Real Estate (Starlight Entertainment Inc)

If Seller is in Default. Buyer may elect to treat this contract Contract as canceledcancelled, in which case all payments and things of value received hereunder shall be returned to Buyer and Buyer may recover such damages as may be proper, or Buyer may elect to treat this contract Contract as being in full force and effect and Buyer shall have the right to specific performance or damages, or both.

Appears in 1 contract

Samples: Agreement of Sale (Optical Security Group Inc)

If Seller is in Default. Buyer may elect to treat this contract as canceledcancelled, in which case all payments and things of thing so value received hereunder shall be returned and Buyer may recover such damages as may be proper, or Buyer may elect to treat this contract as being in full force and effect and Buyer shall have the right to specific performance or damages, damages or both.

Appears in 1 contract

Samples: Commercial Contract to Buy and Sell Real Estate (Century Casinos Inc)

If Seller is in Default. Buyer may elect to treat this contract Contract as canceled, in which case all payments and things of value Xxxxxxx Money received hereunder shall will be returned and Buyer may recover such damages as may be proper. Alternatively, or Buyer may elect to treat this contract Contract as being in full force and effect and Buyer shall have has the right to specific performance or damages, or both.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

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If Seller is in Default. Buyer may elect to treat this contract Contract as canceled, in which case all payments and things of value Xxxxxxx Money received hereunder shall will be returned and Buyer may recover such damages as may be proper, or Buyer may elect to treat this contract Contract as being in full force and effect and Buyer shall have has the right to specific performance or damages, or both.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate (Farmland Partners Inc.)

If Seller is in Default. Buyer may elect to treat this contract as canceledcancelled, in which case all payments and things of value received hereunder shall be returned and Buyer may recover such damages as may be properreturned, or Buyer may elect to treat this contract as being in full force and effect and Buyer shall have the right to specific performance or damages, or both.

Appears in 1 contract

Samples: Commercial Contract to Buy and Sell Real Estate (Rehabilicare Inc)

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