Common use of Purchaser Default Clause in Contracts

Purchaser Default. If the sale is not consummated on the part of Purchaser, then, Sellers may terminate this Agreement by written notice to Purchaser. The remedy set forth in this Paragraph 13.02 is Sellers’ sole and exclusive remedy for the sale not being consummated due to a default by Purchaser. However, nothing contained in this Paragraph 13.02 limits Purchaser’s liability for a default in the performance of any representations, covenants, indemnities or obligations that survive the Closing or the termination of this Agreement, and Sellers will have the right to pursue any remedies available at law or in equity against Purchaser for a breach of such obligations. In no event will Purchaser ever be liable to Sellers hereunder for any punitive, special, incidental, speculative, or consequential damages or lost revenue, income or profits

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Purchaser Default. If the sale is not consummated on the part of Purchaser, then, Sellers Seller may terminate this Agreement by written notice to Purchaser. The remedy set forth in this Paragraph 13.02 is SellersSeller’ sole and exclusive remedy for the sale not being consummated due to a default by Purchaser. However, nothing contained in this Paragraph 13.02 limits Purchaser’s liability for a default in the performance of any representations, covenants, indemnities or obligations that survive the Closing or the termination of this Agreement, and Sellers Seller will have the right to pursue any remedies available at law or in equity against Purchaser for a breach of such obligations. In no event will Purchaser ever be liable to Sellers Seller hereunder for any punitive, special, incidental, speculative, or consequential damages or lost revenue, income or profits

Appears in 1 contract

Samples: Purchase and Sale Agreement

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