Common use of Remedies of Purchaser Clause in Contracts

Remedies of Purchaser. In the event that all conditions to Seller's obligation to close have been satisfied and Seller fails to close the sale of the Property in accordance with its obligations under the terms and conditions specified hereunder, Purchaser, at its sole discretion, either may (i) specifically enforce this Agreement and the sale and purchase provided for herein according to its terms by suit filed within ninety (90) days, or (ii) terminate this Agreement, whereupon the Earnest Money Deposix xxxxx be returned in full to Purchaser.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Walden Residential Properties Inc), Purchase and Sale Agreement (Walden Residential Properties Inc)

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Remedies of Purchaser. In the event that all conditions to Seller's obligation to close have been satisfied and Seller fails to close the sale of the Property in accordance with its obligations under the terms and conditions specified hereunder, Purchaser, at its sole discretion, either may (i) specifically enforce this Agreement and the sale and purchase provided for herein according to its terms by suit filed within ninety (90) days, or (ii) terminate this Agreement, whereupon the Earnest Money Deposix xxxxx Deposxx xxxxl be returned in full to Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cozumel Apartments) (Walden Residential Properties Inc)

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Remedies of Purchaser. In the event that all conditions to Seller's (whether one or more of them) obligation to close have been satisfied and Seller fails fail to close the sale of the Property in accordance with its obligations under the terms and conditions specified hereunder, Purchaser, at its sole discretion, either may (iI) specifically enforce this Agreement and the sale and purchase provided for herein according to its terms by suit filed within ninety (90) days, or (ii) terminate this Agreement, whereupon the Earnest Money Deposix xxxxx Deposxx xxxxl be returned in full to Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Walden Residential Properties Inc)

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