Common use of Remedies of Seller Clause in Contracts

Remedies of Seller. In the event this Agreement fails to close due to the default of Buyer, Seller’s sole remedy shall be to retain the xxxxxxx money as full liquidated damages. Seller expressly waives any right to assert a claim for specific performance. The parties expressly agree that the xxxxxxx money is a reasonable pre-estimate of Seller’s actual damages, which damages the parties agree are difficult to ascertain. The parties expressly intend for the xxxxxxx money to serve as liquidated damages and not as a penalty.

Appears in 25 contracts

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

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Remedies of Seller. In the event this Agreement fails to close due to the default of Buyer, Seller’s sole remedy shall be to retain the xxxxxxx money as full liquidated damages. Seller expressly waives any right to assert a claim for specific performance. The parties expressly agree that the xxxxxxx money is a reasonable pre-estimate of Seller’s actual damages, which damages the parties agree are difficult to ascertain. The parties expressly intend for the xxxxxxx money to serve as a liquidated damages and not as a penalty.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Remedies of Seller. In the th event this Agreement fails to close due to the default of Buyer, Seller’s sole remedy shall be to retain the FO xxxxxxx money as full liquidated l quidated damages. Seller expressly waives any right to assert a claim for specific performance. The parties expressly agree that tha the xxxxxxx money is a reasonable pre-estimate of Seller’s actual damages, which damages the parties agree are difficult to ascertainasc rtain. The parties expressly intend for the xxxxxxx money to serve as liquidated damages and not as a penalty.

Appears in 1 contract

Samples: Land Purchase and Sale Agreement

Remedies of Seller. In the event this Agreement fails to close due to the default of Buyer, Seller’s sole remedy shall be to retain the xxxxxxx money as full liquidated damages. Seller expressly waives any right to assert a claim for specific performance. The parties expressly agree that the xxxxxxx money is a reasonable pre-estimate of Seller’s actual damages, which damages the parties agree are difficult to ascertain. The parties expressly intend for the xxxxxxx money to serve as liquidated damages and not as a penalty.. FO

Appears in 1 contract

Samples: Land Purchase and Sale Agreement

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Remedies of Seller. In the event this Agreement fails to close due to the default of Buyer, Seller’s sole remedy shall be to retain the xxxxxxx money as full liquidated damages. Seller expressly waives any right to assert a claim for specific performance. The parties expressly agree that the xxxxxxx money is a reasonable pre-estimate of Seller’s actual damages, which damages the parties agree are F difficult to ascertain. ascertain The parties expressly intend for the xxxxxxx money to serve as liquidated damages and not as a penalty.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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