Common use of Seller’s Default Clause in Contracts

Seller’s Default. If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of Seller’s default or failure to perform hereunder, Buyer may, at Buyer’s option and as its sole remedy, elect to either: (i) specifically enforce the terms hereof; or (ii) demand and be entitled to an immediate refund of the Escrow Money, in which case this Agreement shall terminate in full.

Appears in 163 contracts

Samples: Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement

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Seller’s Default. If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of the Seller’s default or failure to perform hereunder, the Buyer may, at the Buyer’s option and as its sole remedy, elect to either: (i) specifically enforce the terms hereof; or (ii) demand and be entitled to an immediate refund of the Escrow Money, in which case this Agreement shall terminate in full.

Appears in 2 contracts

Samples: Commercial Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement

Seller’s Default. If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of Seller’s default or failure to perform hereunder, Buyer Purchaser may, at BuyerPurchaser’s option and as its sole remedy, elect to either: (i) specifically enforce the terms hereof; or (ii) demand and be entitled to an immediate refund of the Escrow MoneyDeposit, in which case this Agreement shall terminate in full, except for any provisions which by their terms, are intended to survive termination.

Appears in 2 contracts

Samples: Real Property Auction Purchase Agreement, Real Property Auction Purchase Agreement

Seller’s Default. If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of Seller’s 's default or failure to perform hereunder, Buyer may, at Buyer’s 's option and as its sole remedy, elect to either: (i) specifically enforce the terms hereof; or (ii) demand and be entitled to an immediate refund of the Escrow Money, in which case this Agreement shall terminate in full.

Appears in 2 contracts

Samples: Commercial Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement

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Seller’s Default. If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of Seller’s default or failure to perform hereunderhereun- der, Buyer may, at Buyer’s option and as its sole remedy, elect to either: (i) specifically enforce en- force the terms hereof; or (ii) demand and be entitled to an immediate refund of the Escrow Money, in which case this Agreement shall terminate in full.

Appears in 2 contracts

Samples: Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement

Seller’s Default. If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of Seller’s 's default or failure to perform hereunder, Buyer Purchaser may, at Buyer’s Purchaser's option and as its sole remedy, elect to either: (i) specifically enforce the terms hereof; or (ii) remedy demand and be entitled to an immediate refund of the Escrow MoneyDeposit, in which case this Agreement shall terminate in full.

Appears in 1 contract

Samples: Commercial Purchase Agreement

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