Common use of Post-Closing Defaults Clause in Contracts

Post-Closing Defaults. With respect to post-closing defaults, the parties agree that the non-defaulting party shall be entitled to exercise all remedies available at law or in equity, except that damages shall be limited to actual out-of-pocket costs and expenses incurred. The foregoing does not limit or control the remedies as are to be separately provided in the Lot Development Agreement.

Appears in 4 contracts

Samples: Contract for Purchase And (Pure Cycle Corp), Tap Purchase Agreement (Pure Cycle Corp), Contract for Purchase and Sale of Real Estate (Pure Cycle Corp)

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Post-Closing Defaults. With respect to post-closing Closing defaults, the parties agree that the non-defaulting party shall be entitled to exercise all rights and remedies available at law or in equity, except that damages shall be limited to actual out-of-pocket costs and expenses incurred. The foregoing does not limit or control the remedies as are incurred (along with reasonable costs and expenses, including attorneys’ fees, pursuant to be separately provided in the Lot Development AgreementSection 27(c)).

Appears in 1 contract

Samples: Contract for Purchase And (Pure Cycle Corp)

Post-Closing Defaults. With respect to post-closing defaults, the parties agree that the non-defaulting party shall be entitled to exercise all remedies available at law or in equity, except that damages shall be limited to actual out-of-pocket costs and expenses incurredincurred (along with reasonable costs and expenses, including attorneys’ fees, pursuant to Section 28(d)). The foregoing does not limit or control the remedies as are to be separately provided in the Lot Development Agreement.

Appears in 1 contract

Samples: Tap Purchase Agreement (Pure Cycle Corp)

Post-Closing Defaults. With respect to post-closing defaults, the parties agree that the non-defaulting party shall be entitled to exercise all remedies available at law or in equity, except that damages shall be limited to actual out-of-pocket costs and expenses incurredincurred as a result of such default. The foregoing does not limit or control the remedies as are to be separately provided in the Lot Development Agreement. Neither party shall have the right to recover exemplary, punitive, special, indirect, consequential, lost profits or any other damages (except as set forth in subsection (b) above).

Appears in 1 contract

Samples: Contract for Purchase and Sale of Real Estate (Pure Cycle Corp)

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Post-Closing Defaults. With respect to post-closing defaults, the parties agree that the non-defaulting party shall be entitled to exercise all remedies available at law or in equity, except that damages shall be limited to actual out-of-pocket costs and expenses incurredincurred as a result of such default. The foregoing does not limit Neither party shall have the right to recover exemplary, punitive, special, indirect, consequential, lost profits or control the remedies any other damages (except as are to be separately provided set forth in the Lot Development Agreementsubsection (b) and (c) above).

Appears in 1 contract

Samples: Contract for Purchase (Pure Cycle Corp)

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