Common use of Seller’s Default Clause in Contracts

Seller’s Default. Buyer may elect to treat this Agreement as cancelled, in which case all Xxxxxxx Money paid by Buyer hereunder shall be returned and Buyer may recover such damages as may be proper, or Buyer may elect to treat this Agreement as being in full force and effect and Buyer shall have the right to specific performance or damages, or both.

Appears in 316 contracts

Samples: Land Purchase and Sale Contract, Land Purchase and Sale Contract, Land Purchase and Sale Contract

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Seller’s Default. Buyer may elect to treat this Agreement as cancelledcanceled, in which case all Xxxxxxx Money paid by Buyer hereunder shall be returned and Buyer may recover such damages as may be proper, or Buyer may elect to treat this Agreement as being in full force and effect and Buyer shall have the right to specific performance or damages, or both.

Appears in 32 contracts

Samples: Residential Real Estate Purchase Agreement, Residential Real Estate Purchase Agreement, Residential Real Estate Purchase Agreement

Seller’s Default. The Buyer may elect to treat this Agreement as cancelled, in which case all Xxxxxxx Money paid by the Buyer hereunder shall be returned and the Buyer may recover such damages as may be proper, or the Buyer may elect to treat this Agreement as being in full force and effect and the Buyer shall have the right to specific performance or damages, or both.

Appears in 2 contracts

Samples: Land Purchase Agreement, Land Purchase Agreement

Seller’s Default. The Buyer may elect to treat this Agreement as cancelledcanceled, in which case wherein all Xxxxxxx Money paid by the Buyer hereunder shall be returned and returned. The Buyer may recover such damages as may be proper, or the Buyer may elect to treat this Agreement as being in full force and effect effect, and the Buyer shall have the right to specific performance or performance, damages, or both. 20.

Appears in 1 contract

Samples: Real Estate Purchase Agreement

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Seller’s Default. Buyer may elect to treat this Agreement as cancelled, in which case all Xxxxxxx Money Purchase Price paid by Buyer hereunder shall be returned and Buyer may recover such damages as may be proper, or Buyer may elect to treat this Agreement as being in full force and effect and Buyer shall have the right to specific performance or damages, or both.

Appears in 1 contract

Samples: Property Purchase Agreement (L a M Y)

Seller’s Default. The Buyer may elect to treat this Agreement as cancelledcanceled, in which case wherein all Xxxxxxx Money paid by the Buyer hereunder shall be returned and Buyer may recover such damages as may be proper, or Buyer may elect to treat this Agreement as being in full force and effect and Buyer shall have the right to specific performance or damages, or bothreturned.

Appears in 1 contract

Samples: Property Purchase Agreement

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