Seller's Financing Contingency. Buyer agrees that Seller’s obligations under the Agreement and this Addendum are subject to Seller obtaining financing to undertake and complete construction of the Home. If Seller is unable to obtain such financing, then the Xxxxxxx Money will be refunded to Buyer and this agreement will be null and void. Buyer’s damages shall be limited to the foregoing and Buyer waives any and all other claims for damages that Buyer may have, including but not limited to any claims for incidental or consequential damages. Buyer and Seller agree that the foregoing shall constitute a valid liquidated damage clause.
Appears in 2 contracts
Samples: Residential Real Estate Purchase and Sale Agreement, Residential Real Estate Purchase and Sale Agreement
Seller's Financing Contingency. Buyer agrees that Seller’s obligations under the Agreement and this Addendum are subject to Seller obtaining financing to undertake and complete construction of the Home. If Seller is unable to obtain such financing, financing then the Xxxxxxx Money xxxxxxx money and any other funds deposited with Seller or escrow will be refunded to Buyer and this agreement will be null and void. Buyer’s damages shall be limited to the foregoing and Buyer waives any and all other claims for damages that Buyer may have, including but not limited to any claims for incidental or consequential damages. Buyer and Seller agree that the foregoing shall constitute a valid liquidated damage clause.
Appears in 1 contract
Samples: Residential Real Estate Purchase and Sale Agreement
Seller's Financing Contingency. Buyer Xxxxx agrees that Seller’s obligations under the Agreement and this Addendum are subject to Seller obtaining financing to undertake and complete construction of the Home. If Seller is unable to obtain such financing, then the Xxxxxxx Money will be refunded to Buyer and this agreement will be null and void. BuyerXxxxx’s damages shall be limited to the foregoing and Buyer waives any and all other claims for damages that Buyer Xxxxx may have, including but not limited to any claims for incidental or consequential damages. Buyer and Seller agree that the foregoing shall constitute a valid liquidated damage clause.
Appears in 1 contract
Samples: Residential Real Estate Purchase and Sale Agreement