Common use of Limitation on Seller Default Clause in Contracts

Limitation on Seller Default. Notwithstanding anything to the contrary, Seller’s inability to satisfy a condition of this Agreement shall not be considered a default by Seller hereunder unless such inability results from the breach of Seller’s express obligations hereunder.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (SouFun Holdings LTD), Purchase and Sale Agreement (SouFun Holdings LTD)

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Limitation on Seller Default. Notwithstanding anything to the contrary, Seller’s inability to satisfy a condition of this Agreement shall not be considered a default by Seller hereunder unless such inability results from the breach of Seller’s express obligations hereunder; provided nothing herein shall relieve Seller from using commercially reasonable efforts to satisfy the conditions of this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Franchise Group, Inc.)

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