Purchaser in default. If the Purchaser fails to pay the Final Deposit or the Balance Sale Price or defaults in the observance or performance of any of the other obligations imposed on it under or by virtue of this agreement and does not remedy the default within 14 days of receiving a notice from the Vendor setting out the default and what is required to remedy the default, the Vendor, in addition to any other rights the Vendor has, may: (a) affirm this agreement; or (b) terminate this agreement.
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Samples: Contract of Sale (Hines Global REIT, Inc.), Contract of Sale (Hines Global REIT, Inc.), Contract of Sale (Hines Global REIT, Inc.)
Purchaser in default. If the Purchaser fails to pay the Final Deposit or the Balance Sale Price or defaults in the observance or performance of any of the other obligations imposed on it under or by virtue of this agreement and does not remedy the default within 14 days of receiving a notice from the Vendor setting out the default and what is required to remedy the default, default the Vendor, in addition to any other rights the Vendor has, may:
(a) affirm this agreement; or
(b) terminate this agreement.
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