Common use of Liquidated Damages, Applicable Clause in Contracts

Liquidated Damages, Applicable. This § 21.1.2 applies unless the box in § 21.1.1. is checked. Seller may cancel this Contract. All Xxxxxxx Money (whether or not paid by Xxxxx) will be paid to Seller and retained by Seller. It is agreed that the Xxxxxxx Money specified in § 4.1 is LIQUIDATED DAMAGES and not a penalty, which amount the parties agree is fair and reasonable and (except as provided in §§ 10.4, 22, 23 and 24), said payment of Xxxxxxx Money is SELLER’S ONLY REMEDY for Buyer’s failure to perform the obligations of this Contract. Seller expressly waives the remedies of specific performance and additional damages.

Appears in 2 contracts

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

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Liquidated Damages, Applicable. This § 21.1.2 applies unless the box in § 21.1.1. is checked. Seller may cancel this Contract. All Xxxxxxx Money (whether or not paid by Xxxxx) will be paid to Seller Seller, and retained by Seller. It is agreed that the Xxxxxxx Money specified in § 4.1 is LIQUIDATED DAMAGES DAMAGES, and not a penalty, which amount the parties agree is fair and reasonable and (except as provided in §§ 10.4, 22, 23 and 24), said payment of Xxxxxxx Money is SELLER’S ONLY REMEDY for Buyer’s failure to perform the obligations of this Contract. Seller expressly waives the remedies of specific performance and additional damages.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

Liquidated Damages, Applicable. This § 21.1.2 20.1.2 applies unless the box in § 21.1.1. 20.1.1 is checked. Seller may cancel this Contract. All Xxxxxxx Money (whether or not paid by XxxxxBuyer) will be paid to Seller Seller, and retained by Seller. It is agreed that the Xxxxxxx Money amount specified in § 4.1 4.1. is LIQUIDATED DAMAGES DAMAGES, and not a penalty, which amount the parties agree is fair and reasonable and (except as provided in §§ 10.4, 22, 23 . and 2421), said payment of Xxxxxxx Money such amount is SELLER’S 'S ONLY REMEDY for Buyer’s 's failure to perform the obligations of this Contract. Seller expressly waives the remedies of specific performance and additional damages. 20.2. If Seller is in Default:

Appears in 1 contract

Samples: Contract to Buy and Sell (Commercial)

Liquidated Damages, Applicable. This § 21.1.2 20.1.2. applies unless the box in § 21.1.120.1.1. is checked. Seller may 431 cancel this Contract. All Xxxxxxx Money (whether or not paid by Xxxxx) will be paid to Seller and retained by Seller. It is agreed that 432 the Xxxxxxx Money amount specified in § 4.1 4.1. is LIQUIDATED DAMAGES and not a penalty, which amount the parties agree is 433 fair and reasonable and (except as provided in §§ 10.4, 22, 23 . and 2421), said payment of Xxxxxxx Money such amount is SELLER’S ONLY REMEDY for Buyer’s failure to 434 perform the obligations of this Contract. Seller expressly waives the remedies of specific performance and additional damages.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

Liquidated Damages, Applicable. This § 21.1.2 20.1.2. applies unless the box in § 21.1.120.1.1. is checked. Seller may 833 cancel this Contract. All Xxxxxxx Money (whether or not paid by Xxxxx) will be paid to Seller and retained by Seller. It is agreed that 834 the Xxxxxxx Money amount specified in § 4.1 4.1. is LIQUIDATED DAMAGES and not a penalty, which amount the parties agree is 835 fair and reasonable and (except as provided in §§ 10.4, 22, 23 . and 2421), said payment of Xxxxxxx Money such amount is SELLER’S ONLY REMEDY for Buyer’s failure to 836 perform the obligations of this Contract. Seller expressly waives the remedies of specific performance and additional damages.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

Liquidated Damages, Applicable. This § 21.1.2 applies unless the box in § 21.1.1. is checked. Seller may cancel this Contract. All Xxxxxxx Money (whether or not paid by XxxxxBuyer) will be paid to Seller and retained by Seller. It is agreed that the Xxxxxxx Money specified in § 4.1 is LIQUIDATED DAMAGES and not a penalty, which amount the parties agree is fair and reasonable and (except as provided in §§ 10.4, 22, 23 and 24), said payment of Xxxxxxx Money is SELLER’S ONLY REMEDY for Buyer’s failure to perform the obligations of this Contract. Seller expressly waives the remedies of specific performance and additional damages.. SAMPLE

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

Liquidated Damages, Applicable. This § 21.1.2 20.1.2. applies unless the box in § 21.1.120.1.1. is checked. Seller may 797 cancel this Contract. All Xxxxxxx Money (whether or not paid by Xxxxx) will be paid to Seller and retained by Seller. It is agreed that 798 the Xxxxxxx Money amount specified in § 4.1 4.1. is LIQUIDATED DAMAGES and not a penalty, which amount the parties agree is 799 fair and reasonable and (except as provided in §§ 10.4, 22, 23 . and 2421), said payment of Xxxxxxx Money such amount is SELLER’S ONLY REMEDY for Buyer’s failure to 800 perform the obligations of this Contract. Seller expressly waives the remedies of specific performance and additional damages.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

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Liquidated Damages, Applicable. This § 21.1.2 20.1.2. applies unless the box in § 21.1.120.1.1. is checked. Seller may 425 cancel this Contract. All Xxxxxxx Money (whether or not paid by Xxxxx) will be paid to Seller and retained by Seller. It is agreed that 426 the Xxxxxxx Money amount specified in § 4.1 4.1. is LIQUIDATED DAMAGES and not a penalty, which amount the parties agree is 427 fair and reasonable and (except as provided in §§ 10.4, 22, 23 . and 2421), said payment of Xxxxxxx Money such amount is SELLER’S ONLY REMEDY for Buyer’s failure to 428 perform the obligations of this Contract. Seller expressly waives the remedies of specific performance and additional damages.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

Liquidated Damages, Applicable. This § 21.1.2 applies shall apply unless the box in § 21.1.1. is checked. Seller may cancel this Contract. All 590 Xxxxxxx Money (whether or not paid by XxxxxBuyer) will shall be paid to Seller Seller, and retained by Seller. Both parties shall thereafter be 591 released from all obligations hereunder. It is agreed that the Xxxxxxx Money specified in § 4.1 is LIQUIDATED DAMAGES DAMAGES, and 592 not a penalty, which amount the parties agree is fair and reasonable and (except as provided in §§ 10.4, 22, 23 and 24), said 593 payment of Xxxxxxx Money is shall be SELLER’S SOLE AND ONLY REMEDY for Buyer’s failure to perform the obligations of 594 this Contract. Seller expressly waives the remedies of specific performance and additional damages.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

Liquidated Damages, Applicable. This § 21.1.2 applies unless the box in § 21.1.1. is checked. Seller may cancel this Contract. All Xxxxxxx Money (whether or not paid by Xxxxx) will be paid to Seller Seller, and retained by Seller. Both parties will thereafter be released from all obligations hereunder. It is agreed that the Xxxxxxx Money specified in § § 4.1 is LIQUIDATED DAMAGES DAMAGES, and not a penalty, which amount the parties agree is fair and reasonable and (except as provided in §§ 10.4, 22, 23 and 24), said payment of Xxxxxxx Money is SELLER’S ONLY REMEDY for Buyer’s failure to perform the obligations of this Contract. Seller expressly waives the remedies of specific performance and additional damages.

Appears in 1 contract

Samples: Contract to Buy and Sell Real Estate

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