Common use of Seller's Inability to Perform Clause in Contracts

Seller's Inability to Perform. (a) If the Aircraft is destroyed or in Seller's opinion damaged beyond repair, or is seized by the United States Government, Seller shall promptly notify Buyer. On receipt of such notification, this Agreement will be terminated and the Seller shall return to Buyer all payments made in accordance with this Agreement, and Seller will be relieved of any obligation to replace or repair the Aircraft.

Seller's Inability to Perform. (a) If the Aircraft is destroyed or in Seller's opinion damaged beyond repair, or is seized by the United States Government, Seller shall promptly notify Buyer. On receipt of such notification, this Agreement will be terminated and the Seller shall return to Buyer all payments made in accordance with this AgreementLetter of Intent, and Seller will be relieved of any obligation to replace or repair the Aircraft.

Seller's Inability to Perform. (a) If the Aircraft is destroyed or in Seller's opinion damaged beyond repair, or is seized by the United States Government, Seller shall promptly notify Buyer. On receipt of such notification, this Agreement will be terminated and the Seller shall return to Buyer all payments made in accordance with this AgreementAgreement less any applicable bank transfer charges and currency exchange fees, and Seller will be relieved of any obligation to replace or repair the Aircraft.