Parties Default. Any amount payable under clause 9.9(1)(a) in respect of a period prior to settlement must be paid by the Buyer at settlement. If this contract is
Parties Default. 9.1 Provided that the Conditions Precedent shall have been satisfied and or fulfilled, if the Vendor has fulfilled all the Vendor's obligations under this Agreement and if the Purchaser fails to pay the Balance Purchase Price together with interest, if any, in accordance with the terms of this Agreement, the Deposit paid shall be absolutely forfeited to the Vendor and all payments made in excess of the Deposit shall be refunded or cause to be refunded to the purchaser free of interest within seven (7) days from the date of such forfeiture in exchange for the return of the Memoranda of Transfer, provided that the Memoranda of Transfer is not required by the Purchaser for the purpose of cancellation of stamp duty already paid, in which event the Purchaser will return, the Titles and all other documents forwarded to the Purchaser or the Purchaser's Solicitors and the withdrawal (of the private caveat(s) lodged by the Purchaser and the Financier failing which the Vendor shall pay the Purchaser interest at the rate of ten per centum (10%) per annum 01'1a daily basis on the amount outstanding until actual payment. Where vacant poss'3ssion has been delivered the Purchaser shall restore vacant possession to the Vondor for the portions of the Building where the Purchaser is not currently tenanting from the Vendor. Thereafter this Agreement shall be terminated and neither party shall have any further claims against the other and the Vendor shall be entitled to resell the Property without notice to the Purchaser in such manner as the Vendor shall deem fit without having to account to the Purchaser for any profit made on such resale.
9.2 Provided that the Conditions Precedent shall have been satisfied and or fulfilled, if the Purchaser is able and willing to fulfill the Purchaser's obligations under this Agreement and if the Vendor shall fail to complete the sale of the Property, the Purchaser shall be entitled at its option either to take such action to enforce this Agreement by specific performance or to terminate this Agreement by giving a notice in writing to the Vendor and to request the Vendor to refund within seven (7) days all monies paid by the Purchaser under the provisions of this Agreement free of interest and costs together with liquidated damages of ten percent (10%) of the Purchase Price, in exchange for the return of the Memoranda of Transfer, provided that the Memoranda of Transfer is not required by the Purchaser for the purpose of cancellation of st...
Parties Default all of the matters referred to in that clause. 9.1
Parties Default
