NOTICE OF UNSUCCESSFUL ACQUISITION Sample Clauses

NOTICE OF UNSUCCESSFUL ACQUISITION. The Buyer acknowledges that unless and until the Purchased Vehicle has been successfully acquired, the Agent cannot guarantee that the Purchased Vehicle is available to be acquired due to its overseas location and the time difference. The Agent shall forthwith notify the Buyer in writing (hereinafter “Notice of Unsuccessful Acquisition”) in the event the Purchased Vehicle is no longer available to be acquired, or if the cost of acquiring the Purchased Vehicle will cause the Estimated Purchase Price to increase by more than FIVE PERCENT (5%). The Agent shall forthwith return the balance of the Estimated Purchase Price to the Buyer, and the Buyer shall be released from the Binding Commitment for such Purchased Vehicle.
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Related to NOTICE OF UNSUCCESSFUL ACQUISITION

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