Common use of If Seller is in Default Clause in Contracts

If Seller is in Default. If Seller is in default, Buyer may elect to treat this Contract as cancelled, in which case all payments and things of value received hereunder shall be returned. The Buyer shall not have the right to specific performance of the Contract.

Appears in 4 contracts

Samples: Contract to Buy and Sell Real Property, Contract to Buy and Sell Real Property, Purchase and Sale Agreement

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If Seller is in Default. If Seller is in default, Buyer Purchaser may elect to treat this Contract as cancelled, in which case all payments and things of value received hereunder shall be returned. The Buyer shall not have the right to specific performance of the Contractreturned and Purchaser may recover such damages as may be proper.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Property

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