Common use of If Seller is in Default Clause in Contracts

If Seller is in Default. In the event Seller defaults in the performance of its obligations hereunder, Buyer shall have the right to (i) terminate this Contract by written notice to Seller or (ii) treat this Contract as being in full force and effect and to obtain specific performance, but not any damages.

Appears in 5 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. In the event Seller defaults in the performance of its obligations hereunder, Buyer shall have the right to (i) terminate this Contract by written notice to Seller Seller, or (ii) treat this Contract as being in full force and effect and to obtain specific performance, but not any damages.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

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If Seller is in Default. In the event Seller defaults in the performance of its obligations hereunder, Buyer shall have the right to (i) terminate this Contract by written notice to Seller or (ii) treat this Contract as being in full force and effect and to obtain specific performance, but not any damages. In the event of Seller’s default, anything herein to the contrary notwithstanding, Seller shall return to Buyer the full amount of the xxxxxxx money deposit referred to in paragraph 2 above.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

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