Common use of Remedies Upon Default Clause in Contracts

Remedies Upon Default. If Buyer/Tenant defaults under this Option to Purchase Agreement or the Lease Agreement, then in addition to any other remedies available to Seller/Landlord at law or in equity, Seller/Landlord may terminate this Option to Purchase by giving written notice of the termination. If terminated, the Buyer/Tenant shall lose entitlement to any refund of rent or option consideration. For this Option to Purchase Agreement to be enforceable and effective, the Buyer/Tenant must comply with all terms and conditions of the Lease Agreement.

Remedies Upon Default. If the Buyer/Tenant s/Tenant/s defaults under this Option to Purchase Agreement or the Lease Agreement, then in addition to any other remedies available to Seller/Landlord at law or in equity, the Seller/Landlord Landlord/Landlady may terminate this Option to Purchase by giving written notice of the termination. If terminated, the Buyer/Tenant s/Tenant/s shall lose entitlement to any refund of rent or option consideration. For this Option to Purchase Agreement to be enforceable and effective, the Buyer/Tenant s/Tenant/s must comply with all terms and conditions of the Lease Agreement.

Remedies Upon Default. If BuyerTenant/Tenant Buyer defaults under this Option to Purchase Agreement or the Lease Agreement, then in addition to any other remedies available to SellerLandlord/Landlord Seller at law or in equity, SellerLandlord/Landlord Seller may terminate this Option to Purchase Agreement by giving written notice of the termination. If terminated, the BuyerTenant/Tenant Buyer shall lose entitlement to any refund of rent or option consideration. For this Option to Purchase Agreement to be enforceable and effective, the BuyerTenant/Tenant Buyer must comply with all terms and conditions of the Lease Agreement.

Remedies Upon Default. If Buyer/Tenant Optionee defaults under this Option to Purchase Agreement or the Lease Agreement, then in addition to any other remedies available to Seller/Landlord Optionor at law or in equity, Seller/Landlord Optionor may terminate this Option to Purchase by giving written notice of the termination. If terminated, the Buyer/Tenant Optionee shall lose entitlement to any refund of rent or option consideration. For this Option to Purchase Agreement to be enforceable and effectiveby the Buyer/Optionee, the Buyer/Tenant Optionee must comply timely and fully with all terms and conditions of the Lease Agreement.

Remedies Upon Default. If In the event of a default by the Buyer/Tenant defaults under this Option to Purchase Agreement or the Lease Agreement, then in addition to any other remedies available to Seller/Landlord at law or in equity, the Seller/Landlord may terminate this Option to Purchase by giving providing written notice of the termination. If terminatedUpon termination, the Buyer/Tenant shall lose forfeits any entitlement to any a refund of rent or option consideration. For this Option to Purchase Agreement to be enforceable and effective, the The Buyer/Tenant must comply with all terms and conditions of the Lease AgreementAgreement for this Option to Purchase Agreement to be enforceable and effective.

Remedies Upon Default. If Buyer/Tenant defaults under this Option to Purchase Agreement or the Lease Agreement, then in addition to any other remedies available to Seller/Landlord at law or in equity, Seller/Landlord may terminate this Option to Purchase by giving written notice of the termination. If terminated, the Buyer/Tenant shall lose entitlement to any refund of rent or option consideration. For this Option to Purchase Agreement to be enforceable and effective, the Buyer/Tenant must comply with all terms and conditions of the Lease Agreement.