Common use of Penalty and Recapture Clause in Contracts

Penalty and Recapture. In addition to all other rights and remedies under this Agreement, for Xxxxxx’s violation of Section 5.2, ARC HOME shall have the absolute right to send written notice to Broker and cause Broker to pay an amount equal to the amount of compensation that ARC HOME paid to Broker in connection with such Loan. All sums due by Broker shall be paid within (10) days of ARC HOME’s written notification to Broker demanding payment of such sums.